Gold, Silver Analysis Recommended by Richard Snow Get Your Free Gold Forecast Higher Rates, Yields, USD and now More Job Openings too A shock surprise in US job openings data revealed that more than 9.6 million jobs in the US have gone abegging. The consensus estimate hinted at only 8.15 million as the job market
Last week’s decline in gold prices accelerated after the break of the current downtrend channel support. The last time Gold traded at such a low was six months ago, when the US regional banking crisis triggered an influx of buyers, pushing prices away from support around $1809. The biggest weekly loss in the last two
The announcement is coming at 0100 GMT, which is 2100 US Eastern time. The RBNZ is widely expected to leave its cash rate target on hold, but: The Reserve Bank of New Zealand is likely to want to see Q3 inflation data, which will be released on 16 October, and labour market data on the
Number of traders net-short has increased by 0.38% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI USD/JPY BULLISH 12.43% 87.57% -40.95% Daily -41.87% Weekly -4.01% Daily 0.38% Weekly -10.94% Daily -7.94% Weekly of clients are net long. of clients are net short. Change in Longs Shorts
AUD/USD OUTLOOK AUD/USD sinks to its lowest level since November 2022 as U.S. yields vault to fresh multi-year highs. This article looks at key technical levels worth watching in the coming days. IG client sentiment data points to further weakness for the Aussie. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and
Support occurs when falling prices stop, change direction, and begin to rise. Support is often viewed as a “floor” which is supporting, or holding up, prices. Resistance is a price level where rising prices stop, change direction, and begin to fall. Resistance is often viewed as a “ceiling” keeping prices from rising higher. If price
© Reuters. The South African rand experienced a significant downturn this Tuesday, continuing a week of losses driven by a robust U.S. dollar and increasing U.S. Treasury yields. The currency traded at 19.2525 against the dollar, marking a 0.2% drop from its previous close. Monday saw the rand slump by approximately 1.5%, weighed down by
Share: The AUD/USD is struggling to find support as the US Dollar movers higher across the broader market. The Aussie is facing multiple bearish pressures as the RBA keeps rates unchanged as markets expected. The rest of the week still sees key data points for both the Aussie and the Greenback. The AUD/USD
In the fast-paced world of trading, having the right tools at your disposal can make all the difference between success and missed opportunities. One such tool that has gained popularity among traders is the TMA Centered Bands MT4 Indicator. In this article, we’ll delve into what this indicator is, how it works, and how it
USD/JPY OUTLOOK: USD/JPY briefly breaks above 150.00, but then pulls back sharply on signs that the Japanese government has stepped in to support the yen in currency markets. Any FX intervention measures will not be enough to support the yen on a sustained basis. As long as the underlying fundamentals do not change, the USD/JPY
