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Gold Prices Dip But Remain Supported By Fed Rate Cut Expectations

Gold Prices Dip But Remain Supported By Fed Rate Cut Expectations

Image Source: Unsplash  Gold prices dipped below 2,620.00 USD per troy ounce on Friday, marking a second consecutive session of decline. The value of the precious metal continues to be influenced by developments in US economic indicators and expectations surrounding the Federal Reserve’s monetary policy.Investor attention is particularly focused on the upcoming November US labor market […]
XAUUSD Poised For 2nd Straight Weekly Decline?

XAUUSD Poised For 2nd Straight Weekly Decline?

Global Drivers: Conflicts and economic fears boosted demand China’s Role: Central bank, consumers led gold buying spree Fed Policy Impact: Rate cuts, labor data influence gold prices Potential trading range: 2,588.29-2,701.02 (73.4% probability), Bloomberg Gold prices have been on a volatile but record-breaking ride in 2024, driven by a mix of global uncertainty and economic shifts.Early Friday, gold prices fell […]
Germany’s Industrial Slump Continued In October

Germany’s Industrial Slump Continued In October

Image Source: Pexels  There’s still no end in sight to the industrial slump in Germany as industrial production dropped once again in October.The slump continues. German industrial production fell by 1% month-on-month in October from -2.5% MoM in September. On the year, industrial production is down by almost 5%. This is a very weak start to the […]
USD/CAD Rises To Near 1.4040, Tracks US Dollar’s Action Ahead Of US NFP Data

USD/CAD Rises To Near 1.4040, Tracks US Dollar’s Action Ahead Of US NFP Data

 Photo by Michelle Spollen on Unsplash   USD/CAD moves higher to near 1.4040 as the US Dollar gains ahead of the US Nonfarm Payrolls data. Investors expect the Fed to cut interest rates by 25 bps in the monetary policy meeting on December 18 The Canadian economy is estimated to have added fresh 25K workers in November. The USD/CAD pair […]
Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc – Friday, Dec. 6

Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc – Friday, Dec. 6

USDCHF Elliott Wave Analysis – Trading Lounge Day Chart U.S. Dollar/Swiss Franc (USDCHF) Day ChartUSDCHF Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy Blue Wave 2 Position: Gray Wave 3 Direction Next Higher Degrees: Navy Blue Wave 3 Details: Navy Blue Wave 1 appears complete; Navy Blue Wave 2 is currently active. Wave Cancel Invalid Level: 0.83737 Analysis OverviewThe USDCHF daily […]
All Eyes On US Employment Report

All Eyes On US Employment Report

Image source: Pixabay  The Barnier resignation and conciliatory remarks from Marine Le Pen suggest the worst could be over in France, though the market will be wanting to see what President Macron does over the weekend with respect to his new appointment.Video Length: 00:01:06More By This Author:Euro Waiting On French Government Restructuring Yen And Aussie Slide, […]
The Kalecki Profit Equation And The Coming Reversion

The Kalecki Profit Equation And The Coming Reversion

Corporations are currently producing the highest level of profitability, as a percentage of GDP, in history. However, understanding corporate profitability involves more than glancing at quarterly earnings reports. At its core, the Kalecki Profit Equation provides a valuable framework, especially when exploring the reasons behind today’s elevated profit margins and what could disrupt them.James Montier discussed the […]
Sensex Today Trades Flat; Nifty Below 24,700

Sensex Today Trades Flat; Nifty Below 24,700

Asian equities tracked a drop in US shares ahead of jobs data that may help shape the direction of the Federal Reserve’s policy path later this month.Equities in Japan, Australia and futures in Hong Kong all fell, taking cues from the downbeat mood on Wall Street.US stocks were lower on Thursday as investors awaited Friday’s […]
Friday’s Jobs Report: Likely Outcome And Why It May Not Stop Fed’s December Rate Cut

Friday’s Jobs Report: Likely Outcome And Why It May Not Stop Fed’s December Rate Cut

 Image Source: Pexels   Economists are optimistic about a sharp recovery, with consensus estimates pointing to a net gain of 207,500. The labor market has shown resilience in the face of external pressures. Market is pricing in a 74% probability of a quarter-point rate reduction at the Fed’s December meeting. The US labor market is poised […]
FX Daily: Dollar Awaits Incoming US Payrolls Data

FX Daily: Dollar Awaits Incoming US Payrolls Data

Image Source: Unsplash  The week culminates in today’s November NFP jobs report. Given expectations of a bounce back after last month’s weather and strike-hit figure of +12k, the market now probably sees less than 200k as a bad number and above 300k as a good number. The data will determine whether one-way positioning long the dollar […]