Thursday, September 2, 2021

Check out the news that happened in the last 24 hours

 1️⃣ Yesterday's main news

 - "Small Non-Farming" is upset again, suggesting that the US jobs recovery is slowing

 On Wednesday, the Fed's use of overnight reverse repurchases dropped significantly.

 - Crude oil inventories at the US EIA fell more than expected last week.

 - OPEC+ maintains a schedule of 400,000 barrels per day.

 - Iran: Once sanctions are lifted, oil production will be maximized.

 - The hawkish voices of senior ECB officials are growing louder.

 - Chile seeks 150 billion investment to achieve expansion target


 2️⃣ Today's Financial Facts and Data

 - the monthly rate of the Eurozone PPI for July will be published, the expected value is 1.1% and the previous value is 1.4%.  Recently, senior European Central Bank officials have frequently expressed concern about inflation risks in the euro area, if the data exceeds expectations it could accelerate the pace of key tightening.  policy of the European Central Bank.

 - today will release the number of initial jobless claims from the United States through August 28, the expected value is 345,000, and the previous value is 353,000.

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Wednesday, September 1, 2021

Comment on Gold on September 1, 2021

 In yesterday's trading session, precious metal Gold fluctuated in the range of 1801-1819, after matching buy limit order at 1802 Gold price bounced up to 1816, closing the day session with a rising green candle at 1802.  around 1813. With precious metal Gold appeared to gain strength after a day of slight decline, confirming my buy signal.  We will continue to maintain the buy signal with precious metal Gold like yesterday.


 In a shorter time frame, H4 price zone around 1807 will be a good buy point if any has not yet matched buy orders at 1802. Safe target around 1820 and expect 1830 in today's session.

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Tuesday, August 31, 2021

Comment on Gold on August 31, 2021

 After surging to the price range of 1822 precious metals Gold fell slightly to 1807, closing the day session with a bearish candle around 1809. However, in my personal opinion, this drop is what  necessary for the precious metal Gold to bounce back.  This correction is a good price area for us to establish a buy position.


Switching to the shorter-term timeframe H4 we can see the support of the precious metal Gold in today's session around 1802-1808.  Here, in my opinion, we can establish a buy position with the safe target around 1820 and the expectation of the "old peak" area of ​​1830.

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Wednesday, August 18, 2021

Check out the news that happened in the last 24 hours

  1️⃣ Yesterday's main news

 - Powell: Fed policy has limitations

 - The Federal Reserve FOMC will release the minutes of its monetary policy meeting

 - US retail sales fell more than expected in July

 - The SEC has temporarily suspended Chinese companies from using shell companies to come to the US for IPOs

 - Taliban conference in Afghanistan: do not want to repeat any war

 - RBNZ rate hike is expected to cool down

 - Japan approves plan to extend and extend the state of emergency restrictions


 2️⃣ Financial facts and data today

 - the Reserve Bank of New Zealand announced its decision on interest rates.  Previously, the market expected the Reserve Bank of New Zealand to raise interest rates by 25 basis points, but after the emergence of community transmission cases, the market was concerned that the epidemic would increase and bet  The interest in the Reserve Bank of New Zealand raising interest rates has been much cooled.

 - In the afternoon, the July CPI monthly rate will be announced in the UK and the Eurozone.  Be wary of fluctuations in the pound and the euro.

 - EIA of crude oil inventories from the United States until the 13th week of August 13.  API data released early this morning showed crude oil inventories continued to decline, and WTI crude futures fell slightly afterward.

 - The new crown anti-epidemic group will hold a press conference on the new crown vaccine booster on Wednesday, local time, and Biden will also give a speech.

 - the next morning, the Federal Reserve FOMC releases the minutes of its monetary policy meeting, you can focus on clues about QE.

For Live Gold Signals You Can Visit Our Website.

Friday, August 13, 2021

Comment on Gold on August 13, 2021

 In yesterday's trading session, precious metal Gold didn't change much when it fell from 1758 to 1741 then bounced back.  Closed with a bullish candle but this uptrend was only a sideways span during the day.  So in today's trading session, my personal opinion has not changed compared to yesterday's session.


 - The resistance zone of 1760-1765 is still the area where we wait to establish a short position in precious metal Gold with a safe target around 1740. And if 1740 is broken today then 1725  will be the next level this metal is heading towards.

For Live Gold Signals You Can Visit Our Website.

Wednesday, August 11, 2021

Check out the news that happened in the last 24 hours

  1️⃣ Yesterday's main news

 Fed Evans: Employment could hit debt relief later this year.

 - The trillion dollar infrastructure bill passed in the Senate.

 - US media: Opposition from some Democrats could hinder Powell's re-election as Fed Chairman.

 - Biden intends to nominate Frost, an official with the Federal Reserve Bank of New York, as Assistant Secretary of the Treasury.

 - The Fed's use of reverse repurchase instruments approaches $1 trillion.

 Iraq plans to increase oil production to 8 million barrels per day by the end of 2027.

 - India will eliminate the use of cryptocurrencies to fund illegal activities.


 2️⃣ Financial facts and data today

 - the annual rate of the US CPI will not be seasonally adjusted for July, the expected value is 5.3%, the previous value is 5.4%;  at the same time, the monthly rate of US CPI after the July Adjustment season will be published, the expected value is 0.5%, and the previous value is 0.9%.

 - EIA crude oil inventories in the United States for the week to August 6. The previous value was 3.627 million barrels.  Additionally, in 2021, the FOMC voting committee and Atlanta Fed President Bostic will speak on how the Fed can make the economy more inclusive.

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Tuesday, August 10, 2021

Check out the news happening in the last 24 hours

  1️⃣ Yesterday's main news

 - Fed Bostic: Or start reducing debt from October to December.

 - Democrats in the US Senate announce a $3.5 trillion budget plan.

 - The provisions of crypto tax under the US Infrastructure Act have not been agreed.

 - US Treasury Secretary Yellen seeks bipartisan cooperation to resolve debt ceiling issue.

 - New York Fed survey: US consumers' short-term inflation expectations maintain record highs.

 - For the first time, JOLTS US employment exceeded 10 million people, exceeding the number of unemployed people.

 - Japan may increase its economic stimulus plan


 2️⃣ Financial facts and data today

 - the August ZEW Economic Sentiment Index for Germany and the Eurozone will be published.

 - the July US NFIB Small Business Confidence Index will be released, with the expected value of 102 and the previous value of 102.5.

 - 2022, the FOMC voting committee and Federal Reserve chair Cleveland Meester will deliver speeches on inflation risks.

 - EIA will release its monthly short-term energy outlook report.

 - the next day, API crude oil inventories will be released for the week from the US to August 6.

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USD Index Price Analysis: A drop to the 200-day SMA cannot be ruled out DXY breaks below the 106.00 support to clinch new multi-month lows. ...