Online Forex broker
On Monday, the yellow metal decreased in Asia due to the fact financial markets wait for the result of the next FOMC gathering.
On the Comex exchange, June delivery gold futures slumped by about 0.1% being worth $1,287.05 an ounce.
The major US financial institution is going to conclude its two-day gathering on Wednesday against the backdrop of hopes that interest rates will remain intact. The gathering is coming after official data revealed on Friday that the American economy rallied faster than anticipated in the first quarter.
At this March meeting, the major US bank indicated that it’s going to hold off from lifting rates for the rest of 2019 in the face of expectations for a slower tempo of the economic surge.
Besides this, soft American inflation data published on Friday put pressure on the evergreen buck and was cited as supportive for gold earlier in the day.
Without energy and food, the personal consumption expenditures price index speeded down to about 1.3% for the 12 months through March, in contrast with the previous outcome of 1.8%.
Goldman Sachs told that major US financial institution’s gold buying has also been running strong. Undoubtedly, it appears to be another sign that the yellow metal might get back to the level of $1,300.
China-US trade headlines were still in focus due to the fact America sends a high-level delegation to China this week for another round of negotiations. Some experts are assured that both the leading economies are very close to a long-awaited compromise now. So, they are expected to demonstrate greater flexibility in the upcoming talks in Beijing.
This week started with the talk of the United States banning Russian oil exports, so XBR/USD saw $130 a barrel. Then the ban became reality. What does it really mean for the market?
For a long time, traders considered American Non-farm Payrolls (NFP) the most important release in the market. However, the situation has changed. Now US CPI moves financial markets.
United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on November 5, 14:30 GMT+2.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
