Krado_KO

Krado_KO Updated 

The greenback steadied near a 1-½ month high on Wednesday, having recovered sharply from 2023 lows over the past month. Even if the Fed doesn’t raise interest rates further, it is still expected to keep them at over 20-year highs until at least mid-2024, presenting a weak outlook for non-yielding assets. This inadvertently puts great pressure on gold, Let's...

Krado_KO Updated 

⚡️Gold prices neared a one month high Friday before consolidating to end the week up just over 1% after a mixed U.S. jobs report for August, where payrolls came in higher than forecast but unemployment also rose, touching 18-month highs. ⚡️The US economy added 187,000 nonfarm payrolls last month against a forecast 170,000 while the jobless rate perked to 3.8%...

Krado_KO Updated 

⚡️Wednesday's data showed activity in the US services sector grew more than expected in August. However, the particular point of contention for the market was data showing service sector prices. service increases , which could lead to higher inflation in the coming months. ⚡️The Fed is expected to leave interest rates unchanged in September. But the central bank...

Krado_KO Updated 

1. precious metals tend to be seen as the opportunity cost of holding non-yielding metals, and the US Treasury yields consolidated their weekly rallies on Friday. The 2-year yields stand at 4.99%, while the 5 and 10-year rates are at 4.40% and 4.26%. All three saw mild gains during the session which limited the Gold’s advances on the day. 2 . For next week,...

Krado_KO Updated 

⚡️Gold Price portrays corrective bounce at one-week low amid lackluster markets. Hawkish Fed talks, concerns about US economic strength keep Gold sellers hopeful of breaking immediate support. ⚡️Gold Price (XAU/USD) struggles to defend the first daily gains in six at the lowest level in more than a week as market players seek additional clues to defend the...

Krado_KO Updated 

Hello traders. Gold price gains some positive traction on Thursday, albeit lacks follow-through. A softer risk tone benefits the safe-haven XAU/USD amid subdued USD demand. Bets for more Fed rate hikes to act as a tailwind for the buck and cap the upside. Worries about worsening economic conditions in China, along with persistent US-China trade tensions, continue...

Krado_KO

⚡️The Pound Sterling (GBP) rebounds strongly as bearish market sentiment eases, while the broader bias is still vulnerable. The GBP/USD pair recovers swiftly ahead of the United Kingdom’s Employment report for July, which will demonstrate current labor market conditions. Investors will keenly focus on wage growth momentum, which has remained a major trigger for...

Krado_KO Updated 

1. As Wall Street opens positive, NZD/USD rises 0.57% to 0.5907, partially offsetting fears of a global economic slowdown. 2. US Dollar softens after hitting a six-month high, providing a tailwind for NZD/USD amid a lack of fresh US economic data. 3. Traders await key economic indicators next week, including US inflation data and New Zealand Retail Card...

Krado_KO Updated 

⚡️Strong US data underpins soft landing concerns, allowing Fed hawks to defend “higher for longer” bias for rates. ⚡️China woes, Fed Beige Book concerns also keep DXY buyers hopeful via firmer yields. ⚡️Multiple Fed speakers in the line for observation, risk catalysts also eyed for fresh impulse. ⚡️Firmer US inflation expectations, according to 10-year and 5-year...

Krado_KO Updated 

Hello everyone, Krado sends some information about gold prospects next week. ⚡️The prospect of gold breaking out solely on a Fed pause in rates was challenged again this week as the yellow metal posted a weekly loss as its nemesis, the dollar, shot up instead. ⚡️But as this week began, speculation resurfaced of the Fed exercising another rate hike or more before...

Krado_KO Updated 

1. The USD/CAD pair faces an intense sell-off as Statistics Canada reports better-than-expected labor market data. The Canadian labor market saw new additions of 39.9 thousand payrolls in August, more than double the expectation of 15 thousand. In July, the decrease was 6.4K. The unemployment rate was unchanged at 5.5% while investors predicted a higher...

Krado_KO Updated 

Do you think the USDCHF pair will continue to develop in an upward direction, disrupting the market structure? Let's analyze with Krado. 1. The dollar has had an impressive recovery in the past week, along with the increasing momentum of DXY, influencing currency pairs with USD. 2. The Fed announced that it lowered its inflation target to 2%, so what will wait...

Krado_KO Updated 

⚡️The US Dollar (USD) continues to gain strength from the ongoing series of positive economic data regarding the state of the US economy. The US Dollar Index (DXY), a gauge of the Greenback's performance against six other major currencies, is currently trading around 104.90, although below the highest recorded on Thursday since from April. ⚡️The US Federal...

Krado_KO Updated 

⚡️Inflation, as measured by the Consumer Price Index, or CPI, fell from a four-decade high of more than 9% annually in June 2022 to a low of 3% this June. But by July, it began to rise again, reaching 3.2%. That raises the possibility that the Fed, which has raised interest rates by 5% over the past 18 months, will return more aggressively to monetary policy. That...

Krado_KO Updated 

⚡️US yields also saw volatility, falling to lows not seen since August 10, but then cleared some losses. The decline of the yields hints at investors betting on lower odds of a Federal Reserve (Fed) interest rate hike this year. The CME FedWatch tool depicts that the likelihood of a 25 basis point (bps) increase at nearly 35% in November and December after rising...

Krado_KO Updated 

⚡️The GBP/JPY pair traded slightly negative for the second day in a row on Friday and edged lower near the bottom of the weekly range during the Asian session. ⚡️However, spot prices attempt to hold above the 184.00 circular mark, ensuring caution for aggressive bearish traders and getting ready for any further downside move. . ⚡️Despite the overall positive...

Krado_KO Updated 

⚡️The Pound Sterling (GBP) weakened further after S&P Global reported that the United Kingdom’s service sector started shrinking due to infirm demand from households and the private sector amid a high-interest rate environment. The GBP/USD pair is attempting a recovery after printing a fresh 11-week low, though it could be used as a selling opportunity by market...

Krado_KO Updated 

⚡️USD/JPY continues the winning streak that started on Friday, trading around 146.60 during the Asian session on Tuesday. The pair is experiencing upward support despite the market caution after the modest employment data from the United States (US) as the likelihood of no interest rate adjustment by the US Federal Reserve (Fed) in the September...