KVB Market Analysis | 15 August: Gold Prices Drop Sharply Following U.S. CPI Report and Fed Rate Cut Expectations
Spot XAU/USD dropped nearly $18, closing below $2,450, after the latest U.S. CPI report reduced hopes for a significant Fed rate cut. The CPI rose 0.2% in July, with a notable increase in rent, particularly "owner's equivalent rent," which accelerated to 0.36%, contributing to the market's disappointment.
Global Economic and Financial Highlights: July 18, 2024
Today's news covers significant developments in global markets and politics. President Biden's campaign faces challenges due to a COVID-19 diagnosis, while China's economic strategies and tech advancements remain in focus. Key updates include the impact of US semiconductor restrictions, rising tensions in global trade, and significant shifts in corporate strategies and financial markets. The news reflects the dynamic and interconnected nature of the global economy.
Special Article: Analysis of FOMC Minutes
The FOMC minutes highlighted financial strains on low-to-moderate-income households, the Fed's data-dependent approach, and the impact of geopolitical risks. Discussions included immigration's positive impact on the labor force and modest progress toward disinflation. Potential rate cuts were mentioned if the job market deteriorates significantly. This cautious outlook emphasizes balancing inflation control and economic support.
Today's analysis: XAUUSD Faces Potential Decline Amid Fed's Rate Uncertainty
Gold (XAU/USD) is predicted to decrease due to a mix of economic factors and technical indicators. Lower-than-expected US PPI and CPI data suggest potential Fed rate cuts, initially supporting gold, but a cautious Fed outlook has pulled prices back. Technically, a bearish Head-and-Shoulders pattern suggests a trend reversal, with a break below $2,279 confirming downside targets at $2,171 and $2,106. However, a rise above $2,345 could challenge this pattern and push prices back toward $2,450.
Stocks Sink as Treasury Yields Keep Rallying
Dow Jones Falls 1%, S&P 500 Drops 1.3%, and Nasdaq 100 Slides 1.4%
US Stocks Fall as Inflation Holds Pace
Dow Jones Drops 173 Points, S&P 500 Sheds 27 Points, Nasdaq 100 Closes Lower by 57 Points
GemForex - weekly analysis
Consolidation for the week ahead: US inflation report to cast light on the Fed’s trajectory
GemForex - weekly analysis
weekly analysis
GemForex - EUR/USD
EUR/USD flirts with 1.00 - Euro finds itself completely exposed to the full force of macroeconomic earthquakes
US CPI Increases in July, Core CPI Now 17 Months Above 2%
Core CPI continues to show a streak of stability, printing at its highest level since January and continuing above the Fed's 2% target.
Euro (EUR) Battles Record Low Euro-Zone Inflation Expectations
The single currency remains under downside pressure as 5-yr/5-yr Euro-Zone inflation expectations hit another record low, leaving the ECB in a precarious situation.
US Dollar Steadies as May FOMC Minutes Detail “Patient” Approach
The May FOMC minutes detailed a reserved conversation among policymakers who believed that patience on rates would be appropriate for the foreseeable future.
Second Quarter 2019 Forecasts for the US Dollar, Pound, Gold, Equities, and More
The first quarter of 2019 produced significant technical reversals across multiple asset crosses, setting up what should be a crucial second quarter of 2019.
A Key Yield Curve Inverted, But Should Investors Worry？
A negative spread between the 3-month and 10-year treasury yield has investors wondering whether or not the economy will be entering a recession since the last time this happened was before the 2008 recession.
Pound May Shrug as US Dollar Gains on CPI Data, Euro at Risk
The British Pound may shrug off UK CPI while the US Dollar gains on analogous local data. The Euro may turn lower anew after yesterdays
First Quarter 2019 Fundamental Forecasts for the US Dollar, Euro, Oil, Equities, and More
The fourth quarter and 2018 are now in the books, and the ongoingresurgence of market volatility and uncertainty around key thematic influences are set to
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