
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Good day, traders! Yesterday, the release of the US Inflation rate came out lower than the forecasts (0.1% vs. 0.3%). The soft figures pulled the US dollar index down by almost 1%. At the same time, S&P500, EURUSD, and gold strengthened. Today, the Fed will hold a meeting at 21:00 GMT+3. The Federal Reserve is widely expected to raise the interest rate by 50 basis points. At the same time, traders will be extremely focused on the insights about further monetary policy decisions and economic outlook, as the Fed may signal a higher peak than previously forecast.
US FOMC Statement and Interest Rate Decision - 21:00 GMT+2
FOMC Press Conference - 21:30 GMT+2
The price of gold tested the resistance at 1825 but then corrected lower yesterday. Now, it may retest the 50-period SMA on H4 at 1790. The price formed a bearish divergence with RSI, which confirms a possibility of a slide to 1790. On the upside, the resistance is placed at 1825.
Take advantage of the market and good luck!
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Some progress in US debt ceiling talks is made, and the PMI data is out.
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
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