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.
XAU
NFP preview: AUDUSD at a crossroads; gold declines
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.
Weekly forex data: 2021’s first NFP in view
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.
Weekly forex data: Fed’s meeting in view
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.
Weekly forex data: RBA in view ahead of the NFP
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.
Technical analysis of XAUUSD
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.
Weekly forex data: inflation around the world
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.
Technical analysis of XAUUSD
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.
Weekly forex data: elections and covid-19 cases in focus
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.
Technical analysis of XAUUSD
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.