XAU/USD -Medium term Sell-off post US & UK attack
It looks likely that Gold will experience sell off From 2053 to 2036 Level, Before trying to make a new leg high, The reason is Movemtum driven response to gold and bond market due to the war at yemen.
Fed officials, economic data in focus for rate-cut cues
The dollar index surged 0.5% on Tuesday, with demand for the greenback increasing ahead of an address by Fed Governor Christopher Waller later on Tuesday. His comments on the potential for a spring rate cut will be closely watched, after consumer and producer inflation data for December offered somewhat mixed cues to markets.
U.S. industrial production and retail sales data readings are due on Wednesday and are set to provide more signals on the economy. Any signs of economic resilience gives the Fed more headroom to keep rates higher for longer.
Traders were seen slightly trimming bets on a March 2024 rate cut, according to the CME Fedwatch tool . Expectations of early interest rate cuts were a key driver of a gold rally in recent weeks, given that the yellow metal benefits from a low-rate environment.
Fed officials, economic data in focus for rate-cut cues
The dollar index surged 0.5% on Tuesday, with demand for the greenback increasing ahead of an address by Fed Governor Christopher Waller later on Tuesday. His comments on the potential for a spring rate cut will be closely watched, after consumer and producer inflation data for December offered somewhat mixed cues to markets.
U.S. industrial production and retail sales data readings are due on Wednesday and are set to provide more signals on the economy. Any signs of economic resilience gives the Fed more headroom to keep rates higher for longer.
Traders were seen slightly trimming bets on a March 2024 rate cut, according to the CME Fedwatch tool . Expectations of early interest rate cuts were a key driver of a gold rally in recent weeks, given that the yellow metal benefits from a low-rate environment.