– U.S. August CPI rose 0.4% m/m vs 0.3% expected, while jobless claims jumped to 263K (exp 235K), the highest since early 2023. Inflation remains sticky, but labor markets are clearly cooling. – The Dollar Index (DXY) spiked to 98.00 on CPI before reversing lower, testing support at 97.56. – Gold (XAUUSD) held…
Macro Background The August U.S. data delivered a mixed signal that left traders with no easy answers. Inflation surprised on the upside, with headline CPI rising 0.4% m/m against expectations of 0.3%. Core CPI matched forecasts at 0.3%. On a yearly basis, headline inflation printed 2.9% y/y, slightly above consensus. At the same time, the…
Gold steady near $3,650, close to its record high after near $3,675 seen on Tuesday. US PPI fell 0.1% MoM in August, after a downwardly revised 0.7% gain in July and below forecasts of a 0.3% increase. Technicals continue to show a strong bullish structure, with immediate support at $3,617 followed by $3,556. Gold (XAU/USD)…
XAU/USD rallies to a fresh all-time high after NFP miss, with unemployment rising and wage growth holding steady. US 2-year Treasury yield plunges 11 bps to 3.48%, while DXY drops 0.70% to 97.57 amid risk-off flows. Fed independence fears and Standard Chartered’s call for a 50 bps cut amplify the bullish case ahead of US…
The 4-Week High/Low Trading Strategy: A Simple Trend-Following System Explained Strategies When I first came across the 4-week high/low trading strategy, I was co-managing a forex dealing room for a commodities firm. Having spent years as an interbank dealer, this was my first real introduction to technical analysis. I was never quite sure whether to…
Gold price declines in Friday’s early European session. Profit-taking and a firmer US Dollar undermine the Gold price, but rising Fed rate cut expectations might limit its losses. Traders will closely monitor the US July PCE inflation report later on Friday. The Gold price (XAU/USD) edges lower during the early European trading hours on Friday. The yellow…
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Astro Trading + Trend Following = POWERFUL COMBO Astrological price levels and Moon aspects reveal when markets are ready to move. A strong trend indicator shows where that move wants to go. Together, they create clarity: precise entry timing, confident trend direction, and smarter stop-loss and take-profit levels. With IQ Star Lines guiding time and…
Overview In astrology, planetary movements are believed to influence human life by emitting subtle cosmic energies that interact with our physical and emotional states. Astrologers believe planetary movements not only impact individuals but also influence global financial markets. Each planet represents specific economic sectors – for instance, Mercury governs trade and communication, while Jupiter rules…
Gold prices rallied sharply after Powell’s dovish tone highlighted employment risks despite persistent upside risks to inflation. Traders priced in a 90% probability of a 25 basis-point Fed cut, with key data still ahead before September. Next week’s US docket includes Durable Goods, GDP, and the Fed’s preferred inflation gauge, the Core PCE Price Index….