Tag - gold

US stock market corrects, gold recovers and the crypto market drops hard! Best trade opportunities during this week in the article! Let’s check the charts and set some goals! NASDAQ (US100) US100 index plunges as the US dollar strengthens…

Chinese HK50 turned up, the USD is supported by strong retail sales figures, gold will try to consolidate after a decline, and oil needs correction.

The US showed strong retail sales for August despite the spread of the Delta virus strain. As a result, the US dollar rocketed and gold dropped by 2286 points in half an hour after the release.

Usually, the gold price is driven by political and economic uncertainty, like economic crises, election pressure, pandemic effects. But in the face of year-and-a-half lasting monetary stimulus program the price of the haven asset acts differently.

The next week is going to be interesting for traders. The US, UK, and Canada will reveal the inflation data. Australia will show the labor numbers, while New Zealand – GDP growth.

ECB is holding a meeting today at 14:45 GMT+3! It’s a crucial event for the euro. Read all news in the article!

Japan’s Nikkei 225 hit 30,000 for the first time since April. Bitcoin topped $52,000. El Salvador bought 400 coins, which are worth nearly $21 million at current trading levels.

During this week gold has been consolidating in the $1807-$1820 range waiting for the US jobs data announcement…

The meeting of the Federal Reserve in Jackson Hole will define the trend for the USD. Brent oil is back above $65 but for how long?

What happened? Gold and cryptocurrencies demonstrate a correlation since 2021…

The US dollar takes a breath after a long rally. Its recent jump was caused by the Fed’s Meeting Minutes. What else drives the market?

Investors concern that the economic recovery may be hampered by the fast-spreading delta virus variant.