darcsherry

12:27

darcsherry Updated 

Gold took a tumble last Friday, reversing its upward trend after disappointing economic data from the US. We saw a near 1% drop following a two-week high of $2477, driven by concerns about the health of the US economy. The latest Nonfarm Payrolls figures fell short of expectations, adding only 114K jobs in July, a significant miss from the estimated 175K. This...

13:13

darcsherry Updated 

Gold prices surged 1% on Friday as U.S. Treasury yields fell, driven by optimism for a potential interest rate cut by the Federal Reserve in September. Data showed U.S. prices rose modestly in June, giving Fed policymakers fresh evidence of progress in their battle against inflation. The personal consumption expenditures (PCE) price index increased by 0.1% last...

15:20

darcsherry Updated 

Gold prices took a tumble on Friday, dropping over 2% as the US Dollar strengthened and investors took profits after last week's record highs. The precious metal extended its losing streak to three days, closing around the $2,400 level. What drove the dip? 📈 Strong US Dollar: A surge in the USD, fueled by speculation about a Republican victory in the US...

12:03

darcsherry Updated 

The Pound Sterling (GBP) extends its correction against the US Dollar following the release of weaker-than-expected UK Retail Sales data for June, showing a monthly contraction of 1.2% against the expected 0.4% decline and the previous month's growth of 2.9%. 🔍 Key Highlights: 📉 Retail Sales Data: A significant indicator of consumer spending, the sharp decline...

15:42

darcsherry Updated 

Gold has delivered impressive gains of over 18% so far in 2024, and June looks promising for investors. With finite supply and fluctuating demand, gold prices are sensitive to economic and geopolitical news. This video dives deep into the current market dynamics and what to expect in the coming month. In June, geopolitical unrest could significantly impact gold...

12:04

darcsherry Updated 

In this video, we delve into the recent surge in Gold’s price, breaking above $2,400 on Friday, driven by speculation that the Federal Reserve (Fed) might start its easing cycle in September. But is this just a temporary spike, or the beginning of a powerful gold bull run? 🤔 To navigate this market, we need to have a deep insight into the market dynamics driving...

15:04

darcsherry Updated 

Gold prices are on a roll, climbing for the third consecutive quarter! What's driving this surge? 👀 It's all about inflation and the Federal Reserve. This gain comes after a key U.S. inflation gauge, favored by the Federal Reserve, was broadly in line with expectations, fueling hopes of potential interest rate cuts by September. On Friday, market sentiment...

13:58

darcsherry Updated 

In this video, we delve into the recent reversal of gold prices, which saw a decline of over 1.70% on Friday. This shift comes on the heels of robust economic data from the United States, leading investors to adjust their expectations for future Federal Reserve interest rate cuts. Currently, XAU/USD is trading at $2,317, below its opening price and after reaching...

15:00

darcsherry Updated 

The gold price just hit a one-month high, and the Fed's next move is on everyone's mind! The June US Nonfarm Payrolls (NFP) report showed a stronger-than-expected jobs gain, but revisions to previous months hinted at a cooling labor market. 📉 While average hourly earnings stayed flat month-over-month, they declined year-over-year, adding to concerns about...

13:58

darcsherry Updated 

In this video, we examine the recent performance of the GBP/USD, which closed Friday at a fresh five-week low, marking its third consecutive week of decline. The Bank of England's (BoE) recent interest rate decision did little to bolster confidence in the British pound. Meanwhile, a late-week surge in the US Purchasing Managers Index (PMI) dampened risk appetite,...

14:06

darcsherry Updated 

The Federal Reserve opted to maintain interest rates at their current levels and delay any potential rate cuts until at least December. Officials foresee only a modest quarter-percentage-point reduction for the year, emphasizing the importance of managing inflationary pressures. Fed Chair Jerome Powell highlighted that despite robust growth and low unemployment...

16:11

darcsherry Updated 

In this video, we delve into the upcoming Federal Reserve meeting and its potential impact on the price of Gold. The decisions made during this meeting could significantly influence the market. Gold recently experienced its lowest finish in about a month, influenced by stronger-than-expected monthly U.S. jobs data and reports of China's central bank pausing its...

11:44

darcsherry Updated 

The GBP/USD continues to decline, hitting a one-month low below $1.2700. Factors contributing to the British Pound's weakness include declining inflation expectations, potential policy shifts by the Reform Party, and broader economic uncertainties. Amidst indications of a possible rate cut by the Bank of England this summer, both inflation and the labor market...

14:34

darcsherry Updated 

The U.S. dollar made a strong comeback on Friday as the latest economic data revealed a much higher job creation rate than anticipated. The U.S. economy added 272,000 jobs last month, significantly surpassing expectations. This robust job growth suggests that the Federal Reserve might delay starting its easing cycle this year. Additionally, the average hourly...

12:08

darcsherry Updated 

This video dissects the recent market trends and economic data that have been impacting the Pound Sterling and the US Dollar. Last Friday, data revealed a positive turn in UK house prices for May, following a couple of months of decline. However, all eyes were on the report on US inflation, which significantly influenced price movements. The Pound Sterling (GBP)...

12:29

darcsherry Updated 

Dive into the GBP/USD market dynamics with us as we dissect its recent movements and chart a course for the week ahead. After a brief dip to a weekly low sparked by disappointing UK Retail Sales data, GBP/USD bounced back and steadied above the 1.2700 mark. The USD's struggle to attract demand amid positive risk sentiment has provided support, allowing the pair...

13:53

darcsherry Updated 

After the release of encouraging US economic data recently, Gold prices are showing signs of stabilization following consecutive days of losses triggered by the hawkish tone in the Fed Meeting Minute. FOMC Minutes revealed that Fed officials are uncertain about the level of policy restrictiveness and anticipate a prolonged wait before gaining confidence in...

11:39

darcsherry Updated 

In this video, we delve into the recent movements of the Pound Sterling against the US Dollar as the GBP/USD pair hits a temporary pause near the key resistance level of 1.2700. Investors are closely watching the upcoming release of the United Kingdom's Consumer Price Index (CPI) data for April, which is expected to provide crucial insights into the interest rate...