It's too uncertain right now in my opinion. Based on all the data today, i'd say that down would be the probable direciton for gold... But check this out, it came in 53 minutes ago: "ECB POLICYMAKERS SEE DEPOSIT RATE CUT IN SEPTEMBER AS ALMOST ...

Gold RIGHT NOW

XAU/USD MARKET UPDATE: Be careful if you are buying/ planning to buy gold quoted in USD on ECB data, if this USD data comes in stronger then expected (which i believe it should), gold could be dragged down as the USD grows stronger. The full post ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Durable Goods Orders • Thursday 25.7.2019. Sorry for posting this in the last moment, I was busy and had no time to write it and i didn't want to make a low quality post with a bad forecast. Given the Fed’s mounting concerns, including slowing ...

High Impact Events Trading... Gold & Copper

I agree, I don't think there will be anything they can do. I'd even go so far to say that even if the US doesn't go into a recession EZ might. Did you watch the movie "Margin Call" (it's great, i recommend it)... i hear there is an European version ...

High Impact Events Trading... Gold & Copper

I've shorted EUR/USD way back in January, I expected ECB to make a rate cut in 2019... then the markets started going up despite negative data and that reinforced my decision, i've added 15% more capital to my position in June. If it happens ...

High Impact Events Trading... Gold & Copper

Just look at these charts compared to the PMI chart... PMI is (in theory) a good indicator of economic health, and when you have a PMI under 50 since the start of 2019 and the stock market is rising, then you also add all the other negative EU data ...

High Impact Events Trading... Gold & Copper

You are right mate,PMI usually wouldn't impact their rate decision that much, but hear this out: It's not about the PMI data, it's about a deeper issue that's being swept under the rug in the EU. I don't know if you're trading/following the Eurozone ...

High Impact Events Trading... Gold & Copper

Considering the string of negative EU new data that missed most forecasts and the negative revisions of previous data as well as some news this week... i'd say that the situation got complicated really fast. I'd put the chances of a rate cut for ...

High Impact Events Trading... Gold & Copper

Hello, Most of my sources are invite only access sources. Like for example https://www.wellsfargoresearch.com. The interest rate chart is from a public CME group webpage: url For instant market information (when someone says something), it's best ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

MARKET UPDATE: US Tsy Sec Mnuchin: "Strong Dollar Is Important In The Long Term" What this means is that Mnuchin is advocating against a weaker dollar or better said against an agressive rate cut. FED has been criticized by administration for a ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I'd like to bring your attention to the string of negative EU data from this morning. Mainly this data: FR Flash Services PMI 52.2 52.7 52.9 FR Flash Manufacturing PMI 50.0 51.6 51.9 GE Flash Manufacturing PMI 43.1 45.1 45.0 GE Flash Services PMI ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

ECB Policy Announcement - THURSDAY 25.7.2019. The European Central Bank (ECB) announces policy tomorrow, and is widely expected to keep interest rates on hold. That is my expectation as well, although we look for the ECB to adjust its forward ...

High Impact Events Trading... Gold & Copper

U.S. Review The string of strong data over the past week and a half—higher than expected inflation, retail sales and manufacturing production—likely will not dissuade the Fed from cutting rates 25 bps at its July meeting. The market-implied ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

image

Picture Tennis (metals edition)

Exactly, I find the second part harder and more stressful, but hey, it works. Interesting to see it all in one chart... i guessed they'd mostly get it wrong, but didn't think the chart would be so dramatic.. well, It's better for us if the market is ...

Gold RIGHT NOW

The negative data from Canadian retail sales and core retail sales might have temporarily lifted gold in combination with the fact we've reached 50% retractment zone of yesterdays rally , however, after recieving US consumer sentiment data which has ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Bullard: "Current situation doesn't warrant larger rate cut" FOMC Member Bullard, who is usually on the dovish side has just said that a 50bps rate cut is not needed! A 50 bps rate cut has been priced into the market, so, it's expected to see a ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Yeah, we probably are in some bullish cycle... i think that many investors forsee an even bigger boom and they are trying to agressivly boost stocks/other assets... investing more and more capital in a market that might form one of the biggest ...

Gold RIGHT NOW

My theory is: The liqudity is low, it's easy to manipulate markets and "stop hunt" in current conditions and that's why it didn't plummet straight down...it's the same thing that happens each january during holidays and then they call it black ...

Gold RIGHT NOW

[BREAKING NEWS] New York Fed: "Speech Today By PresidentWilliams Was Academic And Based On Research; Was NotAbout Potential Policy Actions At The Upcoming FOMCMeeting" ... what a chance to short sell gold! If the market doesn't go down on this then ...

Gold RIGHT NOW