DCFX-TA

DCFX-TA Updated 

On Tuesday, the yen gained support as Bank of Japan Governor Kazuo Ueda maintained a hawkish stance, indicating the central bank might raise rates further if the economy meets expectations. Ueda’s comments were part of a document presented to a government panel led by outgoing Prime Minister Fumio Kishida, where he detailed the BOJ’s July policy decision. His...

DCFX-TA Updated 

Key Points: Tesla: Shares fell 1.6% after a report that the company plans to produce a six-seat Model Y in China by late 2025. Boeing: Dropped 7.3% following a downgrade from Wells Fargo to "underweight" from "equal weight." Nvidia: Slumped nearly 10%, wiping out a record $279 billion in market value, marking the largest single-day decline for a U.S....

DCFX-TA

BTCUSD is trading weak ahead of the US Non-Farm Payroll (NFP) data, having hit a low of $55,282 and currently hovering around $55,958. The number of large investors holding between 100 and 1,000 BTC has reached a one-month high of 16,120, indicating that whales are buying BTC at lower levels. BTC ETFs have experienced an outflow of $211 million, marking the...

DCFX-TA Updated 

- **Gold Price:** Gold is holding above $2,500 ahead of the US Non-Farm Payroll data, having reached a high of $2,523 yesterday and currently trading around $2,517. - **US Economy Expectations:** - August Non-Farm Payroll is expected to increase by 164,000, up from 114,000 in the previous month. - Unemployment rate is expected to rise to 6.5%, from 6.4%. -...

DCFX-TA

The USD/CNY strengthened on Tuesday as a stronger U.S. dollar and concerns over a weak Chinese economy put pressure on the Yuan. Recent data from China revealed that manufacturing activity fell to a six-month low in August, while growth in new home prices also slowed during the same period. Additionally, the property sector has yet to respond positively to...

DCFX-TA Updated 

Investors are preparing for the publication of macroeconomic data next week. The June unemployment rate may increase from 4.4% to 4.5%, with employment falling by 35.000 and the dynamics of average wages, including bonuses, from 5.7% to 4.5%, showing signs of a cooling labor market. In July, the consumer price index, according to preliminary estimates, will adjust...

DCFX-TA Updated 

BTCUSD Performance: BTCUSD pulled back after reaching a minor top around $65,000, hitting a high of $65,103 and currently trading around $62,500. Rate Cut Probability: The probability of a 25 basis point rate cut in September increased to 71.50% from 71% a week ago (CME Fed watch tool). BTC ETF Inflows: BTC ETF saw an inflow of $202.51 million, with...

DCFX-TA

During morning trading, the XAU/USD pair is holding around 2500.00. At the end of last week, gold demonstrated a confident upward trend. It was partly supported by expectations of the US Fed’s imminent transition to a “dovish” monetary policy cycle. Analysts have revised their estimates of a possible interest rate cut of 50 basis points, and now, its probability...

DCFX-TA

July housing data was generally weak, with building permits down 4.0% to 1.396M and housing starts down 6.8% to 1.238M. The sector is under pressure as the Federal Reserve’s interest rates peak and may begin to decline soon. Yesterday, St. Louis Federal Reserve Bank Governor Alberto Musalem noted that macroeconomic data has strengthened the regulator’s confidence...

DCFX-TA Updated 

Gold prices drifted higher on Tuesday, snapping a four-day losing streak, as investors awaited U.S. economic data later this week for more insights on the Federal Reserve's interest rate-cut plans.

DCFX-TA Updated 

On Thursday, investors are awaiting the publication of July data from the labor market. According to preliminary estimates, unemployment will remain at 4.1%, and full employment will slow down from 50.2K to 26.5K. In general, the sector remains stable in the current monetary policy of the Reserve Bank of Australia (RBA), against which the regulator’s officials may...

DCFX-TA Updated 

Gold prices rose on Friday as the dollar slipped, but were headed for their worst week in five and a half months as hopes of interest rate cuts by the U.S. central bank tamed. Spot gold rose 0.2% to $2,332.77 per ounce as of 1:54 p.m. ET (1754 GMT) as the U.S. dollar index slipped 0.4%, making gold relatively less expensive for other currency holders.U.S. gold...

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Silver showed a minor pullback despite strong US economic data. It hit a low of $30.06 yesterday and is currently trading around $3.52. US Flash Manufacturing PMI - Strong (negative for Silver) New home sales - weak (positive for Silver) Markets eye Fed member Waller's speech for further movement. Any hawkish commentary from Waller will push silver prices lower....

DCFX-TA

The May manufacturing PMI increased from 50.0 points to 50.9 points, the services PMI – from 51.3 points to 54.8 points, and the composite PMI – from 51.3 points to 54.4 points. Overall, growth in the key economic sectors remains robust, giving US Fed officials another argument for keeping the interest rates at peak levels. In this regard, it is worth noting the...

DCFX-TA

Key Points: An analyst predicts gold could drift back to $2,355 if the dollar continues to strengthen. The Federal Reserve minutes revealed discussions about potential further interest rate hikes. Gold prices declined for the third consecutive session on Thursday following the release of the Fed's minutes, which showed some officials favored raising...

DCFX-TA Updated 

The last time the crypto reached current levels, interest rates were near zero. Now a supply-demand imbalance is eclipsing the outlook of higher-for-longer interest rates.

DCFX-TA Updated 

• US Treasury yields are on the rise, giving near-term support to the USD. • Investors are waiting for the US Core Personal Consumption Expenditures Price Index. • XAU/USD gains bearish traction in the near term, but not everything is lost for bulls.

DCFX-TA Updated 

Cryptocurrency bitcoin hit a two-year high above $57,000 in Asia trade on Tuesday on signs of heavy institutional buying, while smaller rival ether topped $3,200 for the first time in two years. Bitcoin has rallied more than 10% in two sessions, helped by a Monday disclosure from crypto investor and software firm MicroStrategy that it had recently purchased about...