Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
Yellow metal recovers win streak

Yellow metal recovers win streak

Information is not investment advice

On Tuesday, gold futures managed to gain, demonstrating the fourth winning day for the last five trading sessions because the evergreen buck slumped and a degree of uncertainty crept into stock markets, still keeping to record peaks.

The yellow metal surged because stock-index futures indicated a mixed start for Wall Street because traders wait for the kickoff of a two-day Fed gathering because Chinese factory data revealed some softening as well as a flurry of corporate earnings, with less-than-impressive outcomes for Alphabet.

Besides this, gauging the greenback’s purchasing power versus its main rivals, the USD index slumped by about 0.1%.

As a matter of fact, June delivery gold futures managed to surge by up to 0.5% ending up with $1,287.70 an ounce. Additionally, May delivery silver futures went up by about 0.7% trading at $14.95 an ounce. As for July delivery silver futures, they hit $15.005, adding 0.5%.

Policy makers are anticipated to leave interest rates intact after Wednesday’s conclusion of a two-day gathering, although the statement by Fed Chair Jerome Powell are going to be monitored for prompts to the Fed’s future plans, right after the panel suddenly paused its plan for rate lifts in January and ceased the wind-down of its balance sheet.

In addition to this, the employment cost index for the first quarter will be uncovered at 8:30 a.m. Eastern Time, with analysts expecting a 0.7% leap.

February’s Case-Shiller house price index will be released at 9 a.m. As for April’s Chicago-area purchasing managers index will be uncovered at 9:45 a.m.

Aside from that, a private indicator of China factory activity decreased in April, although still indicating expansion, which is in line with official data, which also demonstrated slower surge, which is a probable boost for the yellow metal.

Similar

All eyes on AUD

The RBA will make a rate statement on August 4 at 7:30 MT time.

Gold fell below $1,700

Gold (XAU/USD) is declining for the second day in a row. The reason of such a dynamic is that investors have turned to stocks.

Popular

Choose your payment system

Learn more