
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
2019-11-11 • Updated
Recommendation:
BUY 1222
SL 1207
TP1 1.252 TP2 1263 TP3 1287
On the daily chart of XAU/USD, bears managed to pull the pair into consolidation. To continue the rally to the 161.8% target of the “Crab” pattern, gold needs to break the October high.
On H1, bears resume the pair within the 1218-1230 consolidation and hope for the implementation of the “Shakeout-Fakeout” pattern. At the same time, bulls hope for the rebound of the pair from the 88.6% target of the “Shark” pattern.
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
What happened? US stocks ended sharply higher on Thursday, May 27, after a 7-week losing streak…
Next week, we expect the BOC rate statement, the OPEC+ meeting, and the Nonfarm payrolls release. Let's look at the opportunities in detail!
Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3).
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