Posts Tagged ‘xauusd prediction today’
Forex Forecast & Forex Technical Outlook for 30 January 2023 to 03 February 2023
The GDP in the fourth quarter of 2022 saw an expansion of 2.9% on an annualized basis. Although the growth exceeded predictions, the underlying details were not as positive. Additionally, the decline in monthly indicators towards the end of the year suggests that the slowing trend will continue into the first quarter of 2023. In…
Read MoreForex Forecast & Forex Technical Outlook for 23 January 2023 to 27 January 2023
The Federal Reserve has done with rate hikes and investors are getting more jittery about the possible recession. The inflation is cooling down, no doubt and the labor market is becoming the main focal point for investors. However, the payroll report is a lagging indicator, and market sentiment started to believe in no rate hikes…
Read MoreForex Forecast & Forex Technical Outlook for 16 January 2023 to 20 January 2023
The December Consumer Price Index data for the US was the most significant event in the previous week, where the yearly inflation rate was down by 6.5% from 7.1%. It is a sign that the US economy has shown some reaction to the increased interest rates and the economy is to close in 2023 without…
Read MoreForex Forecast & Forex Technical Outlook for 09 January 2023 to 13 January 2023
The US Dollar responded to the Non-farm payroll. The Labour report showed a better-than-expected employment report to 223K jobs, but it remained below investors’ expectation in line with other indicators. The 223K result is also lower than last month’s 256K, which is a sign of moderation. Moreover, the wage growth came below the expectation to…
Read MoreForex Forecast & Forex Technical Outlook for 02 January 2023 to 06 January 2023
The brutal 2022 is over and investors are seeking a major recovery from the inflationary pressure. However, it is yet to be determined whether the global economy has entered into a recession or not. The recent US inflation data was supportive of the Stock market but in countries like the UK and Eurozone, 2022 was…
Read MoreForex Forecast & Forex Technical Outlook for 26 December 2022 to 30 December 2022
Investors have experienced a corrective trading week ahead of the yearly close. The spotlight was on the Bank of Japan’s summary of opinions, pulling the JPY higher from the multi-year low against the US Dollar. However, market participants did not find it a sufficient positive development as the government is preparing for the $200 billion…
Read MoreForex Forecast & Forex Technical Outlook for 19 December 2022 to 23 December 2022
The Headline and Core CPI of the US showed a downside momentum in November, rising to 0.1% and 0.2% consecutively. The FOMC also came with a 50 bps rate hike to the range of 4.25% to 4.50% area. Retail sales flopped with the industrial production, indicating a bumpy road ahead. The European Central bank increased…
Read MoreForex Forecast & Forex Technical Outlook for 12 December 2022 to 16 December 2022
The November ISM Services PMI was released last week, showing a strong reading for the US economy. Moreover, some other metrics showed some clues about the cooling inflation, but not at the speed expected. In other countries, the Bank of Canada raised the policy rate by 50 bps during last week’s meeting, while the RBA…
Read MoreForex Forecast & Forex Technical Outlook for 05 December 2022 to 09 December 2022
The US Payroll increased by 263K in November, while the unemployment rate remained unchanged at 3.7%. The average hourly earnings rose by 0.6%, with an increase in personal spending of 0.7%. There are some signs that inflation has peaked in some countries. For example, the Eurozone price experienced relief from the price pressures for the…
Read MoreForex Forecast & Forex Technical Outlook for 28 November 2022 to 02 December 2022
The Federal Reserve had signaled a lower rate hike but it needs more data to confirm that the Fed is done with raising the rate. The September Job Number came to 315K from where it moved down to 261K in October. However, the disappointing fact about the latest report was the unemployment rate that was…
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