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EventsTrader replied Jul 10, 2019Are you selling into the rallies? Or are you long and trying to exit?
Gold RIGHT NOW
- EventsTrader replied Jul 10, 2019
Looks like we might get another leg up. Gold is attempting to break out. It's looking like it could rally.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 10, 2019
Gold is acting like it might break out and continue today's rally.
Gold RIGHT NOW
- EventsTrader commented Jul 10, 2019
Perhaps if we see figures that negatively surprise the market, we might see some considerable impact. But judging from recent history, the release has failed to deliver the impact we used to see in the past. I posted a preview for the upcoming ...
Economist Perspective: Data Watch
- EventsTrader replied Jul 10, 2019
US may impose tariffs on French goods to protect tech firms - seems like positive news for gold.
Tariffs, trade war, and gold
- EventsTrader replied Jul 10, 2019
Happy Birthday. All the best!!
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 10, 2019
Just in case anybody was wondering what US CPI might bring tomorrow. It doesn't appear like much. Here's the latest preview: US CPI - July Preview
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 10, 2019
Is that some sort of sorcery? If it breaks out from here it just might do it.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 10, 2019
I agree that we may see some appreciation in the USD, which should be accompanied by a decline in gold. Rate speculation is overdone and we will see traders pull back from the 100 basis points worth of rate cuts that have been priced in already. If ...
Let's talk about gold - XAUUSD
- EventsTrader commented Jul 10, 2019
The run in equities has been remarkable. I've thought for quite some time we are due for a correction. But with lower rates coming, I'm not sure I can make a good argument. Here's a look at Yield Curve Rates, still not inverted but not looking ...
S&P 500 jumps above 3,000 for the first time after the Fed chief signals a rate cut is...
- EventsTrader commented Jul 10, 2019
Trade disputes keep coming. If France taxes US tech giants, we should expect retaliatory tariffs from the Trump administration. U.S. Begins Inquiry Into French Digital Services Tax That May End in Tariffs
USTR Announces Section 301 Investigation into France's Digital Services Tax
- EventsTrader replied Jul 10, 2019
Liquidity dried up but there's still a possibility we are just pulling back. If it can hang up there until SHFE open, chances are traders in Asia may have some pricing in to do. Good luck guys, I'm pulling for you.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 10, 2019
US CPI - July Preview CPI m/m Core CPI m/m Notes: Powell mentioned in his testimony that the Fed will be considering data between now and the FOMC meeting later in the month. The Fed tends to put more weight on PCE inflation, not CPI. Although CPI ...
High Impact Events Trading... Gold & Copper
- EventsTrader replied Jul 10, 2019
I didn't think his testimony would cause the market to price in a higher probability of a 50 basis point rate cut. Because of this, I think there is still potential for the FOMC minutes to have impact. Also, Powell mentioned in his testimony that ...
High Impact Events Trading... Gold & Copper
- EventsTrader replied Jul 10, 2019
Absolutely.
If the market takes time to digest new information and forms a clear direction it's an infrequent event. When it happens, it's usually an easier trade than trying to scalp during spikes. The key is being ready and sitting ...High Impact Events Trading... Gold & Copper
- EventsTrader replied Jul 9, 2019
Right now, gold seems to be selling off a little big after the SHFE open. Although I would be cautious. We might stay in a relatively tight range leading up to Powell's testimony. Here's a look at gold since the Sunday open: image
Gold RIGHT NOW
- EventsTrader replied Jul 9, 2019
Subscribed! A good trader to follow. Looking forward to it Aussi!
"AUSSI" my thread and anything I want to put here
- EventsTrader replied Jul 9, 2019
Very true. And when they are both moving in tandem it can be a tough market to get a handle one. However, when there's a large move in the US dollar it will likely be accompanied with a move in gold in the opposite direction. I think that there's a ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread