GOLD - Gold trend changes, bears prevail
מעודכן
U.S. economic data on Thursday morning fell entirely on hawkish monetary policy, suggesting at least one more rate hike may be needed to further cool the U.S. economy and stave off inflation. broadcast. Pricing is problematic.
Following the data, the dollar index rose 0.8% against its rivals, making gold more expensive for holders of other currencies. Yields on 10-year US bonds rose to two-week high..
The market on Thursday pretty much digested the news that the Fed raised rates by 25 basis points on Wednesday afternoon. Fed Chair Powell's remarks at his press conference were said to be neither too hawkish nor too dovish and the market did not have a major reaction. Some Fed watchers are thinking the central bank is now done with its rate hike cycle, while others think the Fed will make another rate hike in November.
Following the data, the dollar index rose 0.8% against its rivals, making gold more expensive for holders of other currencies. Yields on 10-year US bonds rose to two-week high..
The market on Thursday pretty much digested the news that the Fed raised rates by 25 basis points on Wednesday afternoon. Fed Chair Powell's remarks at his press conference were said to be neither too hawkish nor too dovish and the market did not have a major reaction. Some Fed watchers are thinking the central bank is now done with its rate hike cycle, while others think the Fed will make another rate hike in November.
הערה
XAUUSD SELL SCALPING 1951 - 1953🕯✔️ TP1: 1947
✔️ TP2: 1943
❌ SL: 1956
הערה
Running +20Pips ✔️
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