Market

XAUUSD for FX:XAUUSD by AbdallaAmgad

Federal Open Market Committee (FOMC):-
Note that the decision to start the dialogue has been implemented, the period starts from the beginning of mid-November or mid-December.
Members approved the course of the economy, which depends on the path of the economy, KORON
Your chance of getting aid helped.
With respect to inflation:
All members reaffirmed, according to the document, to stand on the basis of the message over time and long-term inflation expectations remain at 2%.
Expect results.

Market report after the opening of the US session :- ⏺ The US Department of Labor said US inflation data accelerated slightly more than expected in September with the US Consumer Price Index rising 0.4% after August’s advance of 0.3% as the annual inflation rate reached 5.4% versus 5.3% The increase in September has kept pace with prices since 2008. Many have begun to anticipate more persistent inflation than previously thought. Given persistent supply chain problems in some sectors as well as passing on higher energy costs to various commodities , inflation is likely to remain high for longer than expected. It was previously expected ⏹ The gold fell in the morning to the first targets that were mentioned in yesterday’s report and today’s morning report, but it quickly rose due to the release of US inflation figures, so the initial targets have been achieved and a stop loss is activated on the entry areas ⛔️ Attention is now turning to September Fed Meeting Minutes Markets will be looking for the central bank’s opinion on employment and inflation targets and what it all means for the downside 💢 on the technical side For gold :- We prefer now to wait for the minutes of the federal meeting to determine the nature of the new gold trend

Most Related Links :
todayuknews Governmental News Finance News

Source link

Back to top button
Native News Post