GOLD PRICE (XAU/USD) FORECAST Gold prices stall after encountering trendline resistance near $1,950 ahead of a high-impact event on Friday: the release of the latest U.S. jobs report Total nonfarm payrolls for August are forecast to have risen by 170,000, following July’s 187,000 increase This article looks at XAU/USD’s key technical levels to watch in
Asian stock markets traded mixed overnight, with mainland China bourses underperforming. Chinese manufacturing contracted in August for a 5th straight month, while Chinese property stocks fell after Country Garden, once the country’s largest developer by sales, reported record losses and China Vanke cancelled a share placement. China’s property sector is dealing with a renewed liquidity
Thursday evening news from China: China’s Industrial Bank says it’ll cut its yuan deposit rates by 10-25 basis points, effective from Friday, 1 September 2023. one-year deposit rate will be cut by 10 bps to 1.75% two-year deposit rate will be cut by 20 bps to 2.00% three- and five-year rates will be cut by
NFP TALKING POINTS AND ANALYSIS Will NFPs defy prior jobs data once again? NFP’s to set the tone for September. Risk for upside surprise could tank SPX & establish USD. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter US FUNDAMENTAL BACKDROP
© Reuters. FILE PHOTO: U.S. Dollar and Chinese Yuan banknotes are seen in this illustration taken January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo SHANGHAI/SINGAPORE (Reuters) – Chinese exporters are using a complicated currency swap strategy to avoid converting their dollar earnings into yuan for fear of losing out on potential gains in the U.S. currency, official
Share: WTI rose near the $82.90 zone, setting a three-day winning streak. Supply crunch fears amid the Hurracain Idalia tractions Oil prices. A stronger USD and the fragile Chinese situation may limit the upside. The West Texas Intermediate (WTI) rose on Wednesday and threatened the $83.00 resistance. What is driving the price upwards
In the ever-evolving world of financial trading, tools that provide accurate insights and analysis are invaluable assets. The Spread MT4 indicator stands out as one such tool that can significantly enhance your trading endeavors. Designed to offer real-time information about market spreads, this indicator empowers traders to make more informed decisions. In this article, we
USD/JPY TECHNICAL ANALYSIS USD/JPY (U.S. dollar – Japanese yen) rallied strongly from mid-July through late August, but its bullish momentum has begun to fade over the past few sessions after prices failed to clear channel resistance at 147.35. Following this rejection, the pair has transitioned into what appears to be a consolidation phase, marked by
In the midst of the recent market intricacies, the USD index showcased an intriguing ride during the past few sessions. It’s evident that the dollar’s trajectory is drawing attention from investors globally. The recent unveiling of the US real GDP and Q2 ADP employment data painted a picture of mixed fortunes, contributing to a nuanced
On the day: Stoxx 600 -0.1% German DAX +0.5% Francis CAC -0.4% UK’s FTSE 100 -0.4% Spain’s Ibex -0.3% Italy’s FTSE MIB -0.1% Double doji on the Stoxx 600 as we get ready to kick off a new month: This article was written by Adam Button at www.forexlive.com. لینک منبع : هوشمند نیوز
