XAUUSD: USD strengthens on unemployment claims data and mixed ec

The US session saw an uptick in the USD on the FX market. The pre-holiday trade day in Michigan was sparked by an increase in consumer forecasts for inflation over the following one and five years, which was 4.5% and 3.2%, respectively.

The Federal Reserve minutes and recent economic data presented investors with a challenging environment to navigate, causing the US Dollar DXY Index to rise to 103.90, representing a 0.30% gain. The surge followed the announcement of 209,000 initial unemployment claims, which were lower than anticipated. Notwithstanding this encouraging indication, investors are also taking into account the notable fall of 5.4% in October's Durable Goods Orders.


The most recent Federal Open Market Committee (FOMC) minutes revealed ongoing concerns about inflation, indicating that these concerns will likely influence future policy choices.

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SELL LIMIT XAUUSD 1999- 2002

💲TP1 1995
💲TP2 1990

🔴 SL 2009