Author: admin

  • Gold Technical Analysis: The dovish Fed expectations remain a tailwind

    Fundamental
    Overview

    Gold has been keeping a
    bullish bias ever since Fed’s Williams endorsed a rate cut at the December FOMC
    meeting. The higher rate cut odds have been a tailwind for precious metals.

    There’s been nothing in the
    meantime to stop this momentum as the recent US data came in on the softer side.
    It’s all about the Fed’s forward guidance now and the following NFP and CPI
    reports. Hawkish stuff should weigh on gold and trigger another correction,
    while a dovish leaning should keep supporting the upside.

    In the bigger picture, gold
    should remain in an uptrend as real yields will likely continue to fall amid
    the Fed’s dovish reaction function. But in the short term, a further hawkish
    repricing in interest rate expectations should weigh on the market.

    Gold
    Technical Analysis – Daily Timeframe

    On the daily chart, we can
    see that gold couldn’t sustain the break above the 4245 level and pulled back a
    bit. This is where we can expect the sellers to step in with a defined risk
    above the recent high to position for a drop into the 4000 level. The buyers,
    on the other hand, will want to see the price breaking higher to extend the
    rally into the all-time highs.

    Gold
    Technical Analysis – 4 hour Timeframe

    On the 4 hour chart, we can
    see that we have a strong support zone around the 4150 level. If the price gets
    there, we can expect the buyers to step in with a defined risk below the
    support to position for a rally into a new all-time high. The sellers, on the
    other hand, will look for a break lower to increase the bearish bets into the
    trendline.

    Gold
    Technical Analysis – 1 hour Timeframe

    On the 1 hour chart, we can
    see that we have another minor trendline defining the bullish momentum on this
    timeframe. The buyers will likely continue to step in around the trendline with
    a defined risk below it to keep pushing into new highs, while the sellers will
    look for a break lower to extend the drop into the 4150 support zone. The red
    lines define the average daily range for today.

    Upcoming
    Catalysts

    Tomorrow we have the US ADP and the US ISM Services PMI. On Thursday, we get the
    latest US Jobless Claims figures. On Friday, we conclude the week with the
    University of Michigan Consumer Sentiment report.

    This article was written by Giuseppe Dellamotta at investinglive.com.

  • European equities hold steadier at the open today

    • Eurostoxx +0.1%
    • Germany DAX +0.2%
    • France CAC 40 flat
    • UK FTSE flat
    • Spain IBEX +0.4%
    • Italy FTSE MIB +0.4%

    This comes after the more sluggish performance yesterday to kick start the new week/month. As things stand, market players are definitely still reserving some caution as the overall risk mood remains on the rocks. US futures are down with S&P 500 futures lower by 0.1% so that’s keeping any optimism in check so far on the day. Elsewhere, Bitcoin continues to keep around $86,790 and just marginally higher on the day. The fact that cryptocurrencies are bleeding further is at least also playing a part in the steadier risk mood today.

    This article was written by Justin Low at investinglive.com.

  • XM Secures SCA License, Strengthening Its Presence in the UAE

    XM, a globally renowned broker with over 15 million clients worldwide, has officially obtained a category 5 license from the Securities and Commodities Authority (SCA) of the United Arab Emirates, marking another key milestone in its continued global expansion.

    The approval by the SCA reflects XM’s dedication to operating under robust regulatory standards while continuing to provide a secure, transparent and client-first trading environment.

    “The UAE has established itself as a world-class financial hub, and receiving authorization from the SCA underscores our commitment to long-term growth and trust in the region,” said Menelaos Menelaou, co-Chief Executive Officer, XM. “We are proud to now offer UAE clients the same award-winning services and high standards of transparency that define XM globally.”

    The new license strengthens XM’s regional presence and enables the company to directly serve traders in Dubai and across the Emirates, bringing local clients closer to XM’s established global ecosystem of products, educational resources and support.

    The new authorization allows XM to offer its full range of trading services and trusted products across the UAE through its new website, www.xm.ae. The site is currently available in Arabic and English.

    Clients who register with XM enjoy seamless onboarding and access to superior trading conditions, a wide range of products and trading tools, free education, and award-winning support.#SCALicenseXM

    About XM

    XM is an internationally established trading and investment firm, with over 15 million clients, from over 190 countries. Armed with multiple international licenses, XM offers competitive services for retail traders, investors, and affiliates.

    With over 15 years of serving clients, XM has proven to be fair, trustworthy, and dependable. Traders can access over 1,400 instruments on more than 10 platforms, including the XM App. The award-winning broker is known for its wide range of products, excellent support, and outstanding live education.

    Risk Warning: Our services involve significant risks and may result in the loss of your invested capital. T&Cs apply.

    This article was written by IL Contributors at investinglive.com.

End of content

End of content