Weekly forex data: focus on inflation
Shares generally retreated in early trading today while oil moved up. Traders’ eyes are on American inflation this week and how cable, XAUUSD and BTCUSD might react.
Shares generally retreated in early trading today while oil moved up. Traders’ eyes are on American inflation this week and how cable, XAUUSD and BTCUSD might react.
The first NFP in 2021 is due at 13.30 GMT today, with the consensus suggesting a gain about about 71,000. Check out possible scenarios for XAUUSD and AUDUSD here.
Happy new year! Most of the main trends active at the end of last year remain so in 2021 so far. Here’s a look at XAUUSD, UKOIL and EURUSD ahead of key data later this week.
Tighter measures against covid in the EU notably Germany have dented sentiment in some markets so far this week. Meanwhile gold is at a crossroads ahead of Wednesday’s meeting of the FOMC.
Sentiment remains generally positive so far this week as many major shares complete one of their best months on record. This preview looks at USDCAD, XAUUSD and EURAUD.
The start of the American presidential transition and yesterday’s news of another effective vaccine for covid-19 have weighed on gold so far this week. Here’s a look at XAUUSD H4.
Sentiment continues to be generally positive so far this week with various Asian and European shares posting gains after good Chinese data. Data this week centre on inflation and core inflation.
Gold sold off dramatically yesterday morning as sentiment turned about to ‘risk on’. This TA looks at the four-hour chart of gold-dollar plus futures and annual futures.
The spike in covid cases around the world over the weekend has led to nervousness in many markets. This week’s focus is also the runup to the American elections.
Gold has continued to move up this week as new measures are considered against covid-19’s economic effects around the world. Check out important areas on XAUUSD H4 here.