Gold price moves further above $2,670 and tries to consolidate gains. Traders send yields surging in concerns over inflation overheating again. Gold price regains trust as markets enter a similar moment as seen in 2023 with the SVB meltdown. Gold’s price (XAU/USD) consolidates above the key technical level of $2,660 after breaking and closing above the 55-day Simple Moving…
2025.01.09 2025.01.09 Economic Calendar for the Week 13.01.2025 – 19.01.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The US Fed’s December meeting minutes, released last week, supported a strong US dollar. They reflected the central bank’s cautious view on any further monetary easing, noting that inflation remains stable. Fed officials suggested that the recent 1.0% rate cut in September–December is still enough. However, they…
U.S. equity markets seem to be off to a cautious start so far this year, leading the S&P 500 index to consolidate inside a triangle pattern. Which way can it break out? Take a look at these potential support and resistance zones on the 4-hour chart: S&P 500 Index (SP500) 4-hour Forex Chart by TradingView Sentiment has been shifting…
Prior -0.5%; revised to -0.3% Euro area retail sales were only marginally higher on the month, though it isn’t immediately clear how much of this captures the sales from Black Friday and Cyber Monday. If it doesn’t, then that’s a poor showing and reaffirms softer household spending towards the end of last year. Here’s the monthly breakdown: This article…
China’s CPI inflation slowed for the fourth consecutive month to 0.1% y/y in Dec and was flat on a m/m comparison. The PPI deflation eased to -2.3% y/y in Dec while momentum eased to fall -0.1% m/m due to factors such as production offseason and international commodity price fluctuations, UOB Group’s Economist Ho Woei Chen notes. Weak price pressure…
2025.01.09 2025.01.09 Short-Term Analysis for Oil, Gold, and EURUSD for 09.01.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Gold continues to trade in a correction…
Canada is getting ready to print its December jobs report soon! Will the numbers support the Bank of Canada’s shift to a more gradual pace of easing this year? Here’s what market analysts are expecting for the upcoming employment release. This Article Is For Premium Members Only Become a Premium member for full website access, plus get:…
This accompanies the regional economic assessment from earlier here. The BOJ says that while firms are seeing the need to stick to wage hikes, they are yet to decide on how much they would have to raise pay for this year. On the flip side though, some smaller firms are reserving caution due to the impact of tighter profit…
Gold prices fell in Saudi Arabia on Thursday, according to data compiled by FXStreet. The price for Gold stood at 321.03 Saudi Riyals (SAR) per gram, down compared with the SAR 321.43 it cost on Wednesday. The price for Gold decreased to SAR 3,744.47 per tola from SAR 3,749.15 per tola a day earlier. Unit measure Gold Price in…
China’s consumer prices slowed from 0.2% year-on-year in November to 0.1% in December 2024, while producer prices continued their decline, reinforcing concerns about deflationary pressures in the world’s second-largest economy. Key points from the National Bureau of Statistics: Consumer Price Index (CPI) rose 0.1% year-on-year in December, down from 0.2% in November Core CPI, excluding food and energy, increased…
