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Gold - 1600s Brushed!

Advertisement Start Trading 75% of retail CFD investors lose money And that low is flirtatiously close to the defined bottom of the 1789-1672 structural support zone as shown in the following chart of Gold’s weekly bars: Further infused (as a week ago mused) is the annoyance of weathering price so abused. Obviously per the graphic’s rightmost declining red dots, the parabolic trend (our friend?) is Short, but as we’ve sassed in the past, “…with friends like that, who needs enemies…...
Payrolls Bureau Of Labor Statistics Institute For Supply Management Manufacturing Index Services Index Federal Reserve Chairman Powell Economic Barometer

German Factory Orders beat estimates with 1.4% in Jan, EUR/USD unfazed

3/5/2021 7:05:28 AM GMT | By Dhwani Mehta German Factory Orders rose sharply by 1.4% MoM in January. On a yearly basis, Germany’s Factory Orders arrived at 2.5% in January. EUR/USD remains unfazed by mixed German Factory data. The German Factory Orders increased more-than-expected in January, suggesting that the manufacturing sector in Europe’s economic powerhouse kicked off 2021 on a positive footing. Contracts for goods ‘Made in Germany’ arrived...
Deutsche Bundesbank Statistics Office German Factory Orders Factory Orders German Factory Federal Statistics Office

America's Roundup: Dollar hits three-month highs as Fed's Powell sticks to script, Wall Street slumps, Gold falls, Oil scales 1-year peak as OPEC+ rolls over output for April-March 5th,2021

©Elmin Media . All Rights Reserved. America’s Roundup: Dollar hits three-month highs as Feds Powell sticks to script, Wall Street slumps, Gold falls, Oil scales 1-year peak as OPEC+ rolls over output for April-March 5th,2021 Thursday, March 4, 2021 9:37 PM UTC Market Roundup: • US Continuing Jobless Claims 4,295K,4,300K forecast, 4,419K previous • US Jobless Claims 4-Week Avg   790.75K, 807.75K previous • US Initial...
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Yields remain in focus; OPEC+ meeting taking place

- ECBs Knot (Netherlands) stated at could be optimistic on recovery in H2 and added that higher yields reflected this cautious optimism - ECBs Centeno (Portugal) stated that trade was almost recovered to pre-pandemic levels. Noted that the recovery was quite uneven across sectors - Malaysia Central bank (BNM) Policy Statement reiterated stance that monetary policy was appropriate and would to use policy levers as appropriate. Re-imposing virus curbs to affect growth in Q1. Growth was project...
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Futures Rebound From Overnight Rout With All Eyes On Powell Speech

by Tyler Durden Thursday, Mar 04, 2021 - 07:53 AM U.S. futures slumped alongside tumbling European and Asian stocks on Thursday, but have since rebounded and were back near unchanged levels as traders awaited remarks from Jerome Powell following a recent bout of bond market turmoil. Treasuries and bitcoin were steady, while the dollar and oil were slightly higher. Nasdaq futures rebounded after falling to a two-month low, wiping out all 2021 gains. At 6:45 a.m. ET, Dow E-minis were down 48 poin...
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EUR/USD Forecast March 1-5 - Euro sags below 1.21 at end of week

EUR/USD was down sharply on Friday and posted a losing week. There are seven events on the calendar this week, including PMIs and eurozone inflation. H ere is an outlook at the highlights and an updated technical analysis for EUR/USD. German Ifo Business Climate improved to 92.4, up from 90.1. This marked a 5-month high. However, German GfK Consumer Climate came in at -12.9, marking an 11th successive decline. France, the second-largest economy in the eurozone, showed a 1.4% contraction in GD...
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America's Roundup: Dollar at 2-month peak, Wall Street rises, Gold hits more than two-month low, Oil rises on economic optimism, tightening supplies-February 5th,2021

©Elmin Media . All Rights Reserved. America’s Roundup: Dollar at 2-month peak, Wall Street rises, Gold hits more than two-month low, Oil rises on economic optimism, tightening supplies-February 5th,2021 Thursday, February 4, 2021 9:53 PM UTC Market Roundup • Brazil Jan Auto Production (MoM) -4.6%,12.1% previous • Brazil Jan Auto Sales (MoM)    -29.8% ,8.4% previous • US Unit Labor Costs (QoQ) (Q4) 6.8%,4.0% forecast...
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US S&P 500, Nasdaq climbs to record high | Business Standard News

The US stocks extended gains to fourth session in row on Thursday, 04 February 2021, with S&P 500 and Nasdaq posted record closing highs, as investors appetite for risk assets continued on good earnings, improving economic data and hopes of further progress on a pandemic-relief package. At the close of trade, the Dow Jones Industrial Average index advanced 36.12 points, or 0.12%, to 30,723.60. The S&P 500 index increased 3.86 points, or 0.1%, to 3,830.17. The tech-heavy Nasdaq Composite Index f...
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