Gold news today 02/08
Diupdate
Some signs of recovery in the U.S manufacturing sector and construction spending boosted the dollar as markets feared that resilience in the U.S. economy will give the Fed enough headroom to keep raising interest rates.
On the H3 chart, bearish momentum is clearly formed, I think the price line will return to retest the 196x support area before continuing the downtrend, We invite you to watch today's Non-Farm newsletter for the best trading direction. Let me know your ideas below in the comments. Thank !
On the H3 chart, bearish momentum is clearly formed, I think the price line will return to retest the 196x support area before continuing the downtrend, We invite you to watch today's Non-Farm newsletter for the best trading direction. Let me know your ideas below in the comments. Thank !
Catatan
Less than a week after raising interest rates for the 11th time since March 2022, US Federal Reserve (Fed) officials have expressed hope that they can beat inflation without hurting the market. labor school.However, policymakers also note that to do this, they need to keep interest rates high for a period of time.
Catatan
The Fed won't meet to decide on rates again until September, and Chairman Jerome Powell last week pointed to the importance of upcoming data in helping policymakers decide on a future rate path. .
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