
The G20 summit took place in Bali, Indonesia, on November 2022…
Don’t waste your time – keep track of how NFP affects the US dollar!
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Throughout 2020, we kept our eyes on the performance of the gold. The question “What is going on with gold?” was among the most popular ones in FBS social media. There were quite obvious reasons for that popularity, which we observed earlier. At the same time, traders seem to forget about other important elements of the metals market. They are platinum, silver, and palladium.
According to the senior analytical agencies, the trio will likely outperform the gold due to the rising industrial demand. They also see the election of the Democratic candidate Joe Biden as a positive sign for the metals. The expected tighter environmental regulation by Biden’s administration is a top reason for analysts’ beliefs.
UBS sees silver at $30, platinum at $1 250, and palladium at $2 900 this year. As you can see on the chart below, while palladium and silver are forecast to reach the last year’s high, platinum is set to reach the peak of 2015.
As for TD securities, it is more bullish on palladium compared to platinum. According to the company, palladium will be pushed to $3 000 by the end of 2021. Meanwhile, the price of platinum is expected to average around $1 000. TD analysts see gold and silver strengthening during 2021. While the yellow metal is set at $2 050 by the end of the year, silver is projected at $30.
Check the performance of your favorite metal here and log into your personal area!
The G20 summit took place in Bali, Indonesia, on November 2022…
The deafening news shocked the whole world yesterday: the British Queen Elizabeth II died peacefully at the age of 96…
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates? Recall that the Federal Open Market Committee had previously ended the year 2022 with a 50bps hike, and an indication from Powell, the committee chairman, that the Fed could consider raising interest rates by 75bps in the course of the year 2023.
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