XAUUSD : Waiting for FOMC meeting minutes and US CPI report
Gold benefits when Middle East geopolitical tensions escalate, the market waits for the FOMC meeting minutes and CPI report to determine the outlook.
During the February 19 session, gold rose to nearly $2,023 as Middle East geopolitical tensions persisted but then fell back as the USD recovered. In the context of investors maintaining caution, precious metals are unlikely to break out before the release of the FOMC minutes and the US CPI on Thursday. Currently, gold is increasing slightly to $2,018.
The market turned its focus to the minutes of the US Federal Reserve's (Fed) January policy meeting, scheduled for release on February 21, for more hints on when the Fed might start lowering interest rates. capacity.
Atlanta Fed President Raphael Bostic said that although he needs more data to be convinced that inflationary pressures are truly easing, he is open to lowering interest rates at some point in the next few months.
The market currently forecasts a 77% probability that the Fed will lower interest rates in June, according to the CME Fed Watch tool. Lower interest rates reduce the opportunity cost of holding gold.
During the February 19 session, gold rose to nearly $2,023 as Middle East geopolitical tensions persisted but then fell back as the USD recovered. In the context of investors maintaining caution, precious metals are unlikely to break out before the release of the FOMC minutes and the US CPI on Thursday. Currently, gold is increasing slightly to $2,018.
The market turned its focus to the minutes of the US Federal Reserve's (Fed) January policy meeting, scheduled for release on February 21, for more hints on when the Fed might start lowering interest rates. capacity.
Atlanta Fed President Raphael Bostic said that although he needs more data to be convinced that inflationary pressures are truly easing, he is open to lowering interest rates at some point in the next few months.
The market currently forecasts a 77% probability that the Fed will lower interest rates in June, according to the CME Fed Watch tool. Lower interest rates reduce the opportunity cost of holding gold.
액티브 트레이드:
Buy 2015 - 2017
TP1 : 2023
TP2 : 2027
SL 2010
Sell 2025 - 2027
TP1 : 2020
TP2 : 2015
SL 2035
TP1 : 2023
TP2 : 2027
SL 2010
Sell 2025 - 2027
TP1 : 2020
TP2 : 2015
SL 2035
액티브 트레이드:
Hit entry sell and running 20 pips
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