Traders struggle to cheer China, IMF news, softer Oil price amid mixed details
Asia-Pacific equities trade mixed, grinding lower of late as traders remain cautious ahead of top-tier data/events. Upbeat China PMI, IMF growth forecasts join Covid-linked headlines to underpin bullish bias. Mixed concerns surrounding China, due to downbeat Industrial Profits, sour sentiment in India and hawkish BoJ talks probe equity buyers. S&P 500 Futures hesitate in extending […]
Intraday Market Analysis – USD continues to struggle
NZDUSD extends gains The US dollar struggles as a slowing CPI foreshadows a dovish Fed. On the daily chart, the upward bias has remained intact after the kiwi bounced off 0.6190. The price then consolidated its gains after clearing the major supply zone around 0.6400. The 38.2% Fibonacci retracement level at 0.6330 […]
Gold will struggle. Forecast as of 10.01.2023
2023-01-10 2023-01-10 Gold will struggle. Forecast as of 10.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ What is the true reason for the XAUUSD‘s 16% rally from the autumn bottom? Is there really a mystery shopper in the market? Has the macroeconomic background changed? Let’s discuss this topic and make up a trading plan. Monthly gold fundamental forecast Gold marked a 2.5% […]