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In the last four weeks gold has settled around the current key $1500 level, moving back and forth around this level. Earlier last month gold fell sharply from its multi year highs above $1550 down back below the $1500 level however it has been well supported and it has kept its head about this key level. It was support from $1500 that allowed it to make a run and push higher to achieve a six year high above $1550 before the recent drop down to $1500.
Read MoreToday at 7pm UK time. Fed Interest Rate Decision is made on a predetermined date during the vote among the members of the Federal Open Market Committee (FOMC) on the short-term interest rates to be charged from credits and commercial bank loans. F: 2.25%, P: 2.25%.
Read MoreToday at 9:00pm UK time. Fed Interest Rate Decision is made on a predetermined date during the vote among the members of the Federal Open Market Committee (FOMC) on the short-term interest rates to be charged from credits and commercial bank loans. F:2.5%, P:2.5%.
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In the last three weeks the US30 index has remained close to its all time high set around two weeks ago, after it has surged higher in the last month or so. Several weeks ago, the index consolidated a little in a narrow range roughly between 26500 and 26900, and it has used that period of consolidating to great effect pushing higher to the new highs. The consolidation is also of little surprise after its price action over the few weeks beforehand.
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Welcome to this week’s Market Blast Fundamentals where we will look at Gold (XAUUSD), GBPUSD, USDJPY, the Hang Seng Index (HK50), the US Stock Indices.
Read MoreValutrades Market Blast Fundamentals 22 July 2019
on July 22, 2019
| By Brad Alexander
|
Trading News,
EURUSD,
GBPUSD,
XAUUSD,
Gold,
US Federal Reserve,
EURGBP,
Fundamental Analysis,
US Interest Rate
Welcome to this week’s Market Blast Fundamentals where we will look at EURUSD, EURGBP, GBPUSD, and Gold (XAUUSD).
Read MoreToday at 7pm UK Time. The FOMC minutes reveal the position of Fed and individual FOMC members concerning the monetary policy and contain data on the interest rate voting: distribution of "for" and "against" votes, as well as the rhetoric of the voting Committee members.
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In the last few days the US30 index has fallen away from its all time highs but still remained within its range from the last few weeks. Before its recent surge higher, the index has consolidated a little in a narrow range roughly between 26500 and 26900, which is little surprise after its price action over the few weeks beforehand. Several weeks ago the US30 index rallied strongly to return to back above the 25000 level and continue beyond another key level in 26000 to reach a then one month high, before consolidating a little and enjoying some support from 26000.
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Valutrades Market Blast :: Fundamentals :: 8 July 2019
on July 8, 2019
| By Brad Alexander
|
USDJPY,
USDCAD,
US Federal Reserve,
Interest Rate Decision,
Fundamental Analysis,
GBPCAD,
Bank of Canada
Welcome to this week’s Market Blast Fundamentals where we will look at the USD, the Bank of Canada, and GBPCAD.
Read MoreToday at 12:30pm UK Time. Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S. The indicator growth can have a positive effect on dollar quotes. F:176K, P:75K.
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