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EventsTrader replied Jul 31, 2019US Employment Data - August Preview - Since there's not much going on, it might be a good time to get caught up on what we might expect on Friday. I included charts and it shows that the last three releases have rocked gold and the USD. Check it out ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 31, 2019
US Employment Data - August Preview Average Hourly Earnings m/m Non-Farm Employment Change Unemployment Rate Notes: All three releases have the potential to have significant impact. NFP is most likely to deviate from forecasts, making it the most ...
High Impact Events Trading... Gold & Copper
- EventsTrader replied Jul 31, 2019
I just checked the rate expectations and it's surprising. Right now, we are at about 57% to 42% in rate expectations as more believe the Fed will follow up today's meeting with another rate cut. The surprising part about that is prior to today's ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 31, 2019
Hi Ben, good to see you back. I hope to have a preview up soon on NFP and the jobs data due out Friday. About gold, it's tough to say that it could plunge given how much support it's getting from all the global uncertainty in the world. You're ...
High Impact Events Trading... Gold & Copper
- EventsTrader replied Jul 31, 2019
I tend to agree that gold has limited downside, but attribute it to all the other factors outside the USD. Brexit, trade disputes, Iran confrontations, and plenty more. All these things are still going on and at the same time. Gold is where ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 31, 2019
It looks like you're expecting the Fed to come out more hawkish that expected. There's really no general consensus. I'd expect quite a bit of volatility today. I wrote up a preview regarding the FOMC meeting later: FOMC Meeting - July Preview The ...
Metals Commentary with GoldExpert
- EventsTrader replied Jul 31, 2019
This would be a shocker! If it were to happen, gold would definitely head lower big time. Interesting call!
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 31, 2019
It's not like the Fed to make a move like that. They try very hard to keep the markets calm, the stock market probably most in particular. While I think a hawkish stance is a possibility, there are probably other scenarios with a greater chance of ...
High Impact Events Trading... Gold & Copper
- EventsTrader replied Jul 30, 2019
FOMC Meeting - July Preview - I posted a preview that includes some images showing the charts from the most recent meetings showing how it impacted gold and some currencies. I think we are in for some pretty big moves tomorrow. Hawkish Fed = decline ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader commented Jul 30, 2019
FOMC Meeting - July Preview - I posted a preview with some quick notes and charts displaying recent impacts on gold, usd/jpy, and eur/usd. With all the uncertainty surrounding every aspect of this meeting, it's shaping up to trigger some pretty big ...
Fed to cut rates for first time since 2008 to save the long-running economic expansion
- EventsTrader replied Jul 30, 2019
FOMC Meeting - July Preview FOMC Statement Federal Funds Rate FOMC Press Conference Notes: The consensus forecast is for a 25 basis point rate cut. Currently the CME FedWatch Tool is showing that the market has priced in a 78.1% change of a 25bp ...
High Impact Events Trading... Gold & Copper
- EventsTrader commented Jul 30, 2019
Chinese Manufacturing PMI - July Preview - Tonight it seems like traders are looking towards the AU CPI data, then the FOMC meeting tomorrow. Most are expecting this number to come in around expectations, and well below 50.0. We may see a rather ...
Upcoming Chinese PMIs (NBS & Caixin)
- EventsTrader replied Jul 30, 2019
This event has no history of impacting precious metals or copper. So while I'm not posting a preview, it's worth mentioning because I believe the aussie dollar is about to get rocked. Australian CPI figures are due out at 9:30pm ET. Both the overall ...
High Impact Events Trading... Gold & Copper
- EventsTrader replied Jul 30, 2019
Nice forecast here. You called the surprise to the upside.
High Impact Events Trading... Gold & Copper
- EventsTrader replied Jul 30, 2019
I'm not so sure it's over. I had a couple trades. Didn't kill it like you did. Great job!
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 29, 2019
I'd agree here. I don't think that only July's rate expectations are at play. For example, if we go into the FOMC meeting still as divided as we are on rate expectations we will definitely get an initial move in favor of the USD, which would ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 29, 2019
I'm not sure which indicator you are wanting help with. But if you want to discuss calendar events or anything related to fundamentals, you're welcome to do so in this thread.
High Impact Events Trading... Gold & Copper
- EventsTrader replied Jul 29, 2019
So far, just after the SHFE open, we are seeing some selling in Gold and Silver. Both at session lows.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 29, 2019
Chinese Manufacturing PMI - July Preview - I posted a preview that shows how China's Manufacturing PMI data has recently impacted copper, as well as what might to expect from the release.
Copper for everyone
- EventsTrader replied Jul 29, 2019
Chinese Manufacturing PMI - July Preview CH Manufacturing PMI Notes: This data is released on the last day of the month, frequently falling on a weekend during closed markets. When this data is released while the market is open, it tends to have a ...
High Impact Events Trading... Gold & Copper