Gold Price Forecast: XAU/USD could rebound to $2,005 if 50 DMA support holds
Gold price attempts a bounce as US Dollar pulls back alongside US Treasury bond yields. The price of the Gold is replicating the moves seen in Wednesday’s Asian trading, making headways for a minor recovery toward $2,000 early Thursday. The retreat in the United States Dollar (USD) and the US Treasury bond yields supports Gold price.
Debt ceiling talks appear to have stalled
On Wednesday House Speaker Kevin McCarthy planned to send Republican negotiators to the White House to finish out debt limit talks, but warned that the two sides are “still far apart” as they try to reach a budget deal with President Joe Biden. This causes US equities traded lower yesterday because the negotiations over the debt ceiling continued to create uncertainty.
Daily summary: FOMC minutes fail to move markets, debt ceiling in focus
FOMC minutes turned out to be a non-event. Document largely echoed FOMC statement and Powell's presser. However, it included line that Fed staff is still projecting a mild recession as likely near the end of the year
BREAKING: USD gains slightly after FOMC minutes
FOMC minutes were released at 7:00 pm BST today. Document related to May 2-3, 2023 meeting during which Fed strongly hinted that it may pause its rate hike cycle. Minutes have mostly echoed FOMC statement and Powell's comments during press conference and did not include any major surprises.
May 29, 2023-MHM European Perspective
Spot gold oscillated narrowly during the Asian session on Monday (May 29) and is currently trading near $1,946.45 per ounce.
AUS GLOBAL reduces the spread of major currency pairs again
AUS GLOBAL listens to customers' valuable opinions and creates more satisfactory products and services, understanding that spreads are very important for traders, so we have decided to reduce spreads on major currency pairs once again!
AUS GLOBAL reduces the spread of major currency pairs again
AUS GLOBAL listens to customers' valuable opinions and creates more satisfactory products and services, understanding that spreads are very important for traders, so we have decided to reduce spreads on major currency pairs once again!
May 29, 2023 - Fundamental Reminder
On Friday, spot gold rebounded after a new 2-month low. Before the U.S. session, gold prices retraced most of the day's gains due to the over-expected PCE data prompting traders to enhance expectations for another Fed rate hike, eventually closing up 0.31% at $1,946.33 per ounce
How to Use the Parabolic SAR Indicator in Forex Trading
The Parabolic SAR, or Parabolic Stop and Reverse, is a popular indicator used by traders to forecast the future short-term momentum of a financial asset. Developed by ‘Welles Wilder Jr’ in 1978, this momentum indicator helps identify potential trend reversals when the price is in a strong uptrend or downtrend. In this article, you’ll learn everything about Parabolic SAR Indicator and how it can help you trade better!
How to Use the Stochastic Indicator in Forex Trading
The stochastic oscillator is a simple momentum indicator widely used in forex trading to identify potential trend reversals. Developed by George C. Lane in the late 1950s, this momentum oscillator analyzes past price movements to forecast price changes in the future. If you’re wondering what a stochastic indicator is and how it makes you trade better, this article will help you out!
AUS GLOBAL reduces the spread of major currency pairs again
AUS GLOBAL listens to customers' valuable opinions and creates more satisfactory products and services, understanding that spreads are very important for traders, so we have decided to reduce spreads on major currency pairs once again!
AUS GLOBAL reduces the spread of major currency pairs again
AUS GLOBAL listens to customers' valuable opinions and creates more satisfactory products and services, understanding that spreads are very important for traders, so we have decided to reduce spreads on major currency pairs once again!
U.S. Debt Ceiling Negotiations Start Taking Shape in The Nick of Time
Earlier this week we reported that a negotiation is going on to resolve the issues about US Debt Ceiling Situation.
Stocks In Europe Lower After Germany Drops into Recession
European markets ended lower Thursday afternoon, as investors continued to monitor U.S. debt ceiling talks. The region's biggest economy, dropped into recession in the first quarter of 2023.
Silver’s GFC Pattern Has Repeated
Let's look back at that incredible silver market run up to nearly US$50 in 2011. If that happened today it would be AUD76!. There are clear similarities between then and now in the construct of the technicals and certainly worth a close eye.
May 26, 2023-MHM European Perspective
Spot gold bottomed out during the Asian session on Friday (May 26) and is currently trading around $1,949.16 per ounce.
How to Use Fibonacci Retracement Indicator in Forex Trading
The famous Fibonacci numbers often appear to have strong correlations with nature, and their relevance to forex trading is no exception as they influence the financial market as well. Developed by Joseph Granville in 1963, Fibonacci Retracement Indicator helps forex traders identify potential support and resistance levels in a currency pair.
May 26, 2023 - Fundamental Reminder
On Thursday, spot gold fell to its lowest point since March 22, eventually closing 0.83% lower at $1,940.85 per ounce as optimism around U.S. debt ceiling negotiations reduced safe-haven demand for gold and strong economic data pushed up bets on another Federal Reserve rate hike.
10 Best Trading Adjustments To Get You Back On A Winning Track
The psychological impact of trading losses can ravage your mind like a hurricane. While a part of you regrets the foolish decisions made initially, another part of you yearns to swiftly recover from the losses. Nonetheless, that approach won’t help you get out of the abyss. If you find yourself in a similar situation, we present you with the top 10 trading adjustments to help you regain your winning streak!
May 25, 2023-MHM European Perspective
Spot gold was slightly lower during the Asian session on Thursday (May 25), currently trading around $1,955.68 per ounce.