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GOLD, XAU, REAL YIELDS, FED, CPI, CFTC, TECHNICAL OUTLOOK – TALKING POINTS
- August 10, 2022
- Posted by: Range Markets
- Category: Forex News, Second Category, Technical Analysis
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Gold prices are up over 1.5% since the start of August against the US Dollar, putting XAU/USD on track to record its first monthly gain since March. After falling to their lowest level of 2022 last month, prices began rising and are currently tracking to see a fourth consecutive weekly gain. That would be the longest
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Crude Oil Price Anchored Ahead of US CPI Despite Disruptions.
- August 10, 2022
- Posted by: Range Markets
- Category: Second Category, Technical Analysis
The 21-day simple moving average (SMA) is approaching the 200-day SMA. If it should move below it, this would create a Death Cross which may indicate bearish momentum is evolving. Support could be at last Friday’s low of 87.01 or January’s low of 81.90. On the topside, resistance might be at the break point of 92.93, which is just
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How to Trade Forex News: An Introduction
- August 10, 2022
- Posted by: Range Markets
- Category: Second Category
Just before a major news release, it is common to witness lower trading volumes, lower liquidity and higher spreads, often resulting in big jumps in price. This is because large liquidity providers, much like retail traders, do not know the outcome of news events prior to their release and look to offset some of this risk by widening spreads. While large price movements can
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The CPI and Forex: How CPI Data Affects Currency Prices
- August 10, 2022
- Posted by: Range Markets
- Category: Forex News, Second Category
Understanding CPI data is important to forex traders because it is a strong measure of inflation, which in turn has a significant influence on central bank monetary policy. So how does CPI affect the economy? Often, higher inflation will translate to higher benchmark interest rates being set by policymakers, to help dampen the economy and subdue the inflationary
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- August 10, 2022
- Posted by: Range Markets
- Category: First Category, Second Category
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- August 10, 2022
- Posted by: Range Markets
- Category: First Category, Second Category
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