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 Ah, nephew, let's dive into the Forex market today, shall we? It's like peering into a crystal ball, but with a bit more logic and a lot less mysticism. First up, we've got the EUR/USD pair showing a bit of a bearish tilt. The dollar's holding steady like a rock in a stream, buoyed by investors who've got their eyes glued to the upcoming Federal Reserve policy meeting. There's a bit of a buzz about geopolitical tensions in the Middle East, making investors a bit jittery and giving the dollar a bit of a boost​​. Then, there's talk about the Federal Reserve potentially pushing back against the idea of a rate cut anytime soon. This is like a plot twist in a thriller movie for the traders, who are now less convinced about a rate drop in March. The dollar, meanwhile, is flexing its muscles a bit, up by 0.19% against a basket of currencies. Across the pond, the Euro's taken a bit of a tumble, and there's chatter about when the European Central Bank might ...

Hey there! 27 Jan 2024 Forex market is buzzing with some interesting moves. Let's dive into the details with our cheeky but insightful uncle's perspective: U.S. Dollar Takes a Dip : The U.S. dollar has been a bit of a slippery fish today. It edged lower after the latest inflation data showed a modest rise in December, but overall, it's trending downwards. This could mean the Federal Reserve might just cut interest rates by mid-year. The greenback was on track for gains over four weeks but took a slight dip today​​. Core PCE Data : The core Personal Consumption Expenditures (PCE) Price Index (which the Fed keeps a close eye on for their 2% inflation target) showed an increase of 2.9%, just shy of the expected 3%. This figure is the lowest since Q1 2021, hinting at steady progress towards the Fed's 2% inflation target. Despite this, overall price pressures seem to be stubbornly sticking around​​. Euro and Pound Sterling Movements : The Euro had a bit of a stumble, droppin...

 The market sentiment for USD/Gold this week appears to be mixed, with various analysts providing different perspectives. Bullish Sentiment: Some market analysts are optimistic about gold prices rising in the coming week. This optimism is based on the observation of bullish patterns and the metal's failure to test below key price levels, such as $2,000 per ounce. For instance, a senior market strategist at Forex.com has turned bullish for the next week, citing a lack of testing below $2k and the formation of a bullish falling wedge. Additionally, Kitco's Senior Analyst, Jim Wyckoff, expects gold prices to trade higher, bolstered by momentum gained late this week. Bearish and Neutral Views: On the other hand, Darin Newsom from Barchart.com suggests a potential outflow of investment from commodities, including gold, based on technical analysis. The weekly chart indicates a downward trend, and there's an expectation of gold prices extending a downtrend, possibly breaking past ...

My analyst for the week Gold XAU - ▼ Silver XAG - ▼ USD - ▲ OIL - side line Currently OIL is oversupply so the IRAN/ISIS issue dont seem to have much weight on Gold China demand for gold during this traditional period dont seem to be picking up India government is hell bend on reducing gold import by using Gold bond(?) which give interest and can be sold back with its price peg to Gold. Paper supply dropping after US bank start to pull out of the ETF market So overall i would suggest sell on rally, take it with a pinch of salt. not sure when hyper inflation will set in... but i doubt will be soon. even USA is facing deflation now. Again take all this with a pinch of salt, I had being losing quite alot of money due to gold wild swag lately. Most likely caused by the recent Euro/Greece issue. I had being gone for awhile as i dont see the need to write much regarding Gold due to the ISIS/Euro issue hopefully the below link will be helpfully for anyone who wi...

My analyst for the week Gold XAU - ▼ Silver XAG - ▼ USD - ▲ OIL - side line Currently OIL is oversupply so the IRAN/ISIS issue dont seem to have much weight on Gold China demand for gold during this traditional period dont seem to be picking up India government is hell bend on reducing gold import by using Gold bond(?) which give interest and can be sold back with its price peg to Gold. Paper supply dropping after US bank start to pull out of the ETF market So overall i would suggest sell on rally, take it with a pinch of salt. not sure when hyper inflation will set in... but i doubt will be soon. even USA is facing deflation now. Again take all this with a pinch of salt, I had being losing quite alot of money due to gold wild swag lately. Most likely caused by the recent Euro/Greece issue. I had being gone for awhile as i dont see the need to write much regarding Gold due to the ISIS/Euro issue hopefully the below link will be helpfully for anyone who wi...

My analyst for the week Gold XAU - side line Silver XAG - side line USD - ⇧  I had stopped writing(trading) since July as the news keep repeating itself, Iraq, Ukranie, Russia, ISIS. With all news outlet covering the news and the resulting USD drop and precious metal spike I felt that I had nothing much to add. But August is here, I guess its time for me to get off my lazy butt and start writing again. Mostly the world seem unchanged since June, slightly more stable but roughly the same. This seem to have push precious metal pricing down abit but dont get lure in... yet. Gold and silver might spike at anytime due to the conflicts in multiple countries. Better to be side line or have a very tight stop lost. USD got a boost from the recent GDP data(4% wow!) which suggest strongly that the USA market is recovering and that the 1st quarter GDP is weather affected. with the increasing inflation and the recovering employment market, there is rumor that Yellen would start to ...

  What is gold? “Gold is a chemical element with the symbol Au and atomic number 79. It is a dense, soft, malleable and ductile metal with a bright yellow color and luster, the properties of which remain without tarnishing when exposed to air or water. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements, and is solid under standard conditions. The metal therefore occurs often in free elemental (native) form, as nuggets or grains, in rocks, in veins and in alluvial deposits. Less commonly, it occurs in minerals as gold compounds, such as with tellurium as calaverite, sylvanite, or krennerite.” Quoted from http://en.wikipedia.org/wiki/Gold Value? The value of gold come from historical value. Humanity had being using Gold for trading since 600 BC and we have being using Gold for trading for at least 2000 years before we abandon the “Gold Standard” during War World I and War World II. With current economic, gold is use...