CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
About Our Global Companies
Valutrades_LogoSpot
Valutrades_SYLogoSpot

Company

Valutrades Limited - a company incorporated in England with company number 07939901. View more information here.
Valutrades (Seychelles) Limited - a company incorporated in the Seychelles with company number 8423648-1.

Regulation

Regulated by the FCA (Fincancial Conduct Authority). Financial Services Register Number 586541.
Regulated by the FSA (Financial Services Authority). Regulatory Number SD028.

Max Leverage

30:1 (or up to 500:1 for Professional clients, click here to find out more about professional client status)
Up to 500:1

Country

United Kingdom
Seychelles

Negative Balance Protection

Yes
Yes

Back to Blog

Gold Outlook for 2022. US Non-Farm Payrolls in Focus.

   

Welcome to this week’s Market Blast Fundamentals.

Subscribe to Free Valutrades Signals at https://www.valutrades.com/en/trading-signals

I’m Brad Alexander and, on behalf of Valutrades, today we will take a look at Gold (XAUUSD), EURUSD, USDCAD and USDJPY.

 

Firstly, Happy New Year to everyone.  We hope you had a great time over the holidays.Screenshot 2022-01-03 at 11.33.06

Overall, we are seeing USD weakness against every currency except JPY.

We expect that to change as the year goes on with the US Federal Reserve tapering bond purchasing and raising Interest Rates.

The question is, “When?” and this week’s economic events may give the Fed more data to proceed.Screenshot 2022-01-03 at 11.31.01

We have employment data tomorrow and Wednesday and the Non-Farm Payrolls on Friday.

We also have employment data and a PMI out of Canada on Friday.Screenshot 2022-01-03 at 11.31.15

We will look at this again tomorrow as we had a huge CAD rally last week which is already starting to reverse.Screenshot 2022-01-03 at 11.31.22

We will also be keeping an eye on Gold going into 2022 as the actions by the Fed, that we just mentioned will cause XAUUSD to fall, based on a stronger USD.

Also, bond tapering will cause bond yields to rise which will usually cause the price of Gold to fall.

The same question is, “When?”

Thanks for watching and don’t forget to subscribe to Valutrades Signals and the link will be in this video’s description below.

Also, subscribe to our YouTube channel and register on the Valutrades website to get notifications on new content as it happens.

That’s all for now.  Happy trading with Valutrades and we will see you next time.

CFDs and FX are leveraged products and your capital may be at risk.3 Jan EN TN

 

Disclaimer:

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.

Comments