Macroeconomic Outlook
Hello dear friends;
We interpreted the DXY (Dollar Index) last week. There are very important data on the Euro and the US side on Thursday.
My view on the FED and interest rate policies has not changed. If the US GDP is heavily affected by monetary tightening, we may see a softening in the interest rate of the FED. I see this situation for sure for the cash flow-dependent US economy.
Evaluation Based on Technical Analysis
XAU/USD chart on a monthly basis;
According to the technical analysis on a monthly basis, there is no change.
The $1680 level is a very important support.
XAU/USD chart for the weekly term;
Hello dear friends;
We interpreted the DXY (Dollar Index) last week. There are very important data on the Euro and the US side on Thursday.
My view on the FED and interest rate policies has not changed. If the US GDP is heavily affected by monetary tightening, we may see a softening in the interest rate of the FED. I see this situation for sure for the cash flow-dependent US economy.
Evaluation Based on Technical Analysis
XAU/USD chart on a monthly basis;
According to the technical analysis on a monthly basis, there is no change.
The $1680 level is a very important support.
XAU/USD chart for the weekly term;
