KevinNguyen-SimpleTrade

KevinNguyen-SimpleTrade Updated 

🌍 Key Updates: Last night, President Donald Trump announced during a press conference: "I will impose a 10% tariff on China for fentanyl shipments transported via Canada and Mexico, effective February 1." This tariff rate is lower than the 60% he mentioned during his campaign, which has led to a positive reaction in financial markets. 📊 Market Reactions: Global...

KevinNguyen-SimpleTrade Updated 

🌍 Market Overview: President Donald Trump’s inauguration today has drawn significant global attention. The USD continues to weaken amid concerns over new trade and fiscal policies. Gold reacted strongly, rising more than 0.3% to surpass $2,710/ounce. 🔸 Factors Driving Gold’s Rally: Weak USD: The DXY index dropped to a near two-month low, providing strong support...

KevinNguyen-SimpleTrade Updated 

🌍 Market Overview The financial world is closely watching gold prices as Donald Trump prepares to take office on January 20, 2025. With gold trading above $2,700, the market anticipates fresh momentum to push prices even higher. 💡 Insight: Gold has solidified its uptrend in recent weeks, becoming a safe-haven asset amidst uncertainty. Whether XAUUSD can hit...

KevinNguyen-SimpleTrade

🌍 Market Overview The upcoming week promises significant volatility with major events, especially on January 20, 2025**, as Donald Trump officially assumes the presidency. His new trade and economic policies could shake global financial markets, directly impacting USD and gold prices. 📊Key Economic Data from the US: 1. 🗓️ PMI Data (Jan 24, 2025): The...

KevinNguyen-SimpleTrade Updated 

The US market closed in the red, with spot gold prices rising to their highest level, following the trend we've been monitoring since the beginning of the year. The decline in US Treasury yields caused the US stock market to end the session in the red, as major indices all dropped due to cautious investor sentiment ahead of upcoming economic policies from the new...

KevinNguyen-SimpleTrade Updated 

The US CPI unexpectedly slows down, raising expectations for an early rate cut by the Fed The US CPI index in December increased less than expected. This development not only helps ease the selling pressure in the bond market but also strengthens confidence that the Fed may cut interest rates sooner than previously anticipated. The market is now forecasting that...

KevinNguyen-SimpleTrade Updated 

Gold has slightly rebounded due to support from a weaker US Dollar and easing Treasury yields, as the US Producer Price Index (PPI) inflation data came in lower than expected, easing concerns about rising inflation in the near term. In today’s session, investors will continue to watch for the release of the Consumer Price Index (CPI) data at 20:30 and a speech by...

KevinNguyen-SimpleTrade Updated 

Global Gold Prices Decline as USD Hits 2-Year High The gold market experienced a decline in prices as the US dollar reached its highest level in over two years. The Dow Jones index initially opened with a decrease but later surged over 100 points, while the NASDAQ and S&P 500 remained in the red. Gold prices also initially dropped following the opening of the US...

KevinNguyen-SimpleTrade Updated 

Safe Haven Demand for Gold Surges Amid High Inflation and Upcoming Tax Policies Under Trump Administration Gold prices in the domestic market closed the week at their highest level in a month. A report from the U.S. Department of Labor showed that non-farm payrolls in December increased by 256,000, far exceeding the November figure of 227,000. The strong job...

KevinNguyen-SimpleTrade

Reasons Behind GOLD's Strong Rebound Despite Positive NFP and Unemployment Rate Data After the release of the NFP and UR data, which showed solid job creation last month, Gold initially dropped sharply following the news. However, investors soon reassessed the data and took a closer look at the revisions to previous months' figures. The job creation figure for...

KevinNguyen-SimpleTrade Updated 

Where will the gold trading strategy go for the first NONFARM news of the year ??? ⚫ Gold Prices Stable with Growth Prospects Spot gold holds steady at $2,670.16 per ounce, expected to rise over 1% this week, marking its best week since November 2024. ⚫ Focus on Nonfarm Data December 2024 Nonfarm report is projected to show an increase of 160,000 jobs, lower than...

KevinNguyen-SimpleTrade

The world's largest cryptocurrency once surpassed the $100,000 mark thanks to a prolonged recovery from the late December drop. However, losses on Tuesday and Wednesday wiped out this recovery entirely, bringing Bitcoin back near its late December lows. Bitcoin fell 0.3% to $96,607.7 at 12:49 AM ET (5:49 AM GMT), after losing more than 5% on Tuesday. Bitcoin...

KevinNguyen-SimpleTrade

Analysis and Trading Strategy for Gold Today: 1. Fundamental Analysis: US Weekly Unemployment Claims: Data from last week showed significant improvement, indicating a strong job market. However, when combining the weak ADP Payrolls data and the dovish stance of FED's Waller with the strong Unemployment Claims data: FED's Waller does not believe severe tariff...

KevinNguyen-SimpleTrade Updated 

Gold Market Update and Trading Strategy Yesterday, gold experienced another bustling trading session, climbing from 2633 to 2663 before sharply dropping back to 2642 following the release of positive U.S. economic data. The PMI services data and job openings figures released yesterday were exceptionally strong, exceeding forecasts and indicating that the U.S....

KevinNguyen-SimpleTrade

Bitcoin funds experienced a strong net outflow of approximately $543 million after two consecutive days of inflows amounting to nearly $1 billion daily. This withdrawal coincided with Bitcoin's continued testing of the $100,000 resistance level, indicating that profit-taking demand at this price zone remains high. The inability to sustain capital inflows and...

KevinNguyen-SimpleTrade Updated 

Reshaping Strategy Following Trump’s Statements and the Strong Volatility in GOLD Fake news caused market chaos at the start of the week: The talk of Trump easing tariffs was not an official statement from Trump himself but rather a report by WaPo (Washington Post). It appeared as though WaPo "put words in Trump's mouth," steering public opinion in their...

KevinNguyen-SimpleTrade

USD Rises on U.S. Economic Strength and Trump’s Tax Policies, Dragging Asian Currencies to a 20-Year Low Asian currencies fell to their lowest levels in 20 years as the USD maintained its strong position, fueled by the U.S.'s superior economic growth and President-elect Donald Trump's commitment to raising import taxes. The Bloomberg Asia Dollar Index dropped to...

KevinNguyen-SimpleTrade

Still following the plan. Look for BUY/Long opportunities in line with the main uptrend at the resistance zones noted on the chart. BTC is still holding its price at a critical resistance zone and has yet to show signs of breaking the trend in this area. Therefore, it remains in line with the main trend. In the short term, continue to look for buy setups and...