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Finally, we have gold above $1 800, and it seems to feel itself quite confident over there. What is it up to now?
Strategically, the target is now $1 900.
Tactically, expect a downward retrace as the next step.
Fundamentally, it was the 8-year high that just got passed, so now it is the all-time high of 2011 to be challenged. Nothing extraordinary here - just pressure and time. Especially with these gloomy moods among investors and spikes of infection rates here and there.
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.
United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on October 8, 15:30 GMT+3.
The winter is coming, and risky markets expect a rally to come with it. Will this December be bullish for stocks, crypto, and gold? A pack of news will surely help you out.
Good morning, dear traders! Hope you’re doing great! Let’s talk about the news that is worth following today! Key market events: 15:30 MT, CAD GDP m/m 17:00 MT, GBP BOE Gov Bailey Speaks Oil is tensed again Oil rose as China refined its approach…
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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