AD Marekting Ltd

14/11/2023

*GOLD*

Gold prices climbed nearly 0.90% to $1963.70, reacting to a drop in US Treasury yields after a softer-than-anticipated US inflation report.
October's CPI in the US eases to 3.2%, below expectations, leading to a significant decrease in the US 10-year note yield and a 1.50% fall in the Dollar Index.
Market focus shifts to upcoming US economic data, including PPI and Retail Sales, for further cues on the Federal Reserve's policy direction.
Gold price climbs close to 0.90% on Tuesday after hitting a daily low of $1938.84 due to a plunge in US Treasury bond yields courtesy of a softer inflation report in the United States (US). That weighed on the Greenback, which so far has lost more than 1.50% of its value against a basket of currencies, hence the jump in the price of yellow metal. The XAU/USD is trading at $1963.70.
XAU/USD Nears $1964 Mark Amid Declining Treasury Yields and Lower-than-Expected CPI Data

The US Bureau of Labor Statistics (BLS) reported that October's inflation cooled more than expected. The Consumer Price Index (CPI) for the 12 months came in at 3.2%, down from the previous reading of 3.7%. Additionally, the monthly CPI figure was 0%, below the 0.1% expected by most economists.

14/11/2023

Daily digest market movers: New Zealand Dollar: US CPI brings uplift to Kiwi

The New Zealand Dollar trades higher after the release of US Consumer Price Index (CPI) data shows a slowdown in inflation in October and triggers an improvement in risk appetite.
As a commodity currency, the NZD tends to do well when market sentiment is risk-on.
US Consumer Price Index (CPI) data showed no-change in broad headline inflation in October (0.0%) when economists had forecast a rise of 0.1% MoM. Year-on-year, a 3.2% increase was registered when 3.3% had been expected.
For Core CPI, the data showed a 0.2% increase MoM versus 0.3% expected and 4.0% YoY against 4.1% forecast.
The data suggests even less likelihood of the Federal Reserve (Fed) raising interest rates at their December meeting or at the start of 2024. Probabilities were already low at about 15%, but these have dropped even further following the release.
The US Dollar has fallen after the data as the prospect of no further increases to interest rates makes the US a less attractive place for global investors to park their capital, reducing demand for the USD.
Chinese Industrial Production and Retail Sales data out on Wednesday morning at 02:00 GMT could also impact the Kiwi since China is its largest trading neighbor.
Recent downbeat Chinese inflation data has dampened the outlook for global growth, weighing on NZD last week.
An inflation report from the RBNZ showed both one-year-out and two-years-out inflation expectations for New Zealand falling in Q3 compared to the previous quarter.
The lower inflation expectations imply the RBNZ is less likely to raise interest rates.
Tuesday’s lower-than-estimated CPI data will have overshadowed both the higher University of Michigan inflation expectations data out on November 10, and the recent hawkish tone of many Fed officials.

New Zealand Dollar technical analysis: NZD/USD surges higher at 61.8% Fib level
NZD/USD – the number of US Dollars one New Zealand Dollar can buy – finds a floor at around 0.5862, the key 61.8% Fibonacci retracement of the rally from the year-to-date lows, and lifts off! It surges higher at the start of the US Session on Tuesday after the release of US CPI data weakens the US Dollar.

14/11/2023

November-14:

Chicago Federal Reserve President Austan Goolsbee stated on Tuesday that the progress in bring inflation down continues, while economic growth remains strong. According to him, the labor market remains vibrant, and he expressed more concern about potential external shocks rather than the economy overheating. He added that there is still a way to go before inflation reaches the Fed's 2% target.

Speaking at the Detroit Economic Club, Goolsbee explained that the US could witness the fastest non-war-related one-year decline in inflation in a century this year, while simultaneously keeping the unemployment rate below 4% without it rising

14/11/2023

Welcome to AD Marekting Ltd - Your Gateway to Successful Forex Trading, your guide through the intricate world of currency markets. With over 10+ years of experience in the forex industry, I'm passionate about empowering traders with knowledge and strategies for financial success.

On this channel, we dive into the latest trends, market analysis, and trading techniques that can elevate your forex game. From beginner basics to advanced strategies, my goal is to simplify the complexities of forex trading, making it accessible to everyone.

Join our community of traders as we explore the ever-evolving landscape of global currencies. Whether you're a seasoned pro or just starting your trading journey, AD Marketing is your go-to resource for insights, education, and inspiration.

Subscribe now to stay updated on the latest market trends, trading tips, and exclusive content. Let's navigate the forex markets together and unlock the potential for financial growth

14/11/2023

14/11/2023

Welcome to AD Marketing - Your Gateway to Successful Forex Trading, your guide through the intricate world of currency markets. With 20+ years of experience in the forex industry, I'm passionate about empowering traders with knowledge and strategies for financial success.

On this channel, we dive into the latest trends, market analysis, and trading techniques that can elevate your forex game. From beginner basics to advanced strategies, my goal is to simplify the complexities of forex trading, making it accessible to everyone