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Gold Technical Analysis - Watch the US data

The US data has started to miss expectations in the past few weeks which gave Gold a tailwind as it’s sensitive to interest rates expectations. In fact, we saw the market repricing expectations on the more dovish side with no more rate hikes expected and rate cuts starting to be priced as soon as June 2024. Yesterday, the big beat in the US ISM Services PMI changed those views on the more hawkish side with a 50/50 chance now for a November rate hike and rate cuts priced out in 2024. The data now... Read More

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Posted: Sep 7 2023, 07:18

Author Name: forexlive

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