GOLD PREDICTORS

The Fed plans another interest rate increase on Wednesday. The impact of statements such as the Fed might increase interest rates by 0.75% instead of 0.5% on the markets resulting in a sharp decline in the prices of stocks and precious metals. The situation will be extremely intriguing during the Fed's announcement, and a rate hike of more than 0.5% would be sufficient to send a message to the market regarding their inflationary and political intentions. Whether or not it occurs, it will be sufficient to shake the stock and precious metals markets. In last week's article, it was stated that we anticipate a sideways gold market between ...
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The US Dollar Index continued its success story to the roof of 2020 highs before beginning to fall from the strong technical resistance. On Tuesday, the index fell to new lows in the sub-102.00 range. Investors will be watching for the release of the S&P Global Composite PMI and the speech by Federal Reserve Chair Jerome Powell. The Fed chair's speech is significant due to the interest rate decision that will be announced in the upcoming June monetary policy. The expectations of the Fed's high-interest rates have reduced the scale of economic activity in the United States. The market anticipates a rate hike announcement of ...
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The New Zealand dollar is following in the footsteps of the risk-sensitive currencies that were pounded on Tuesday. The growing fears that China's coronavirus epidemic and zero-covid policy would create a cocktail that threatens to disrupt the supply chain, to drive the cost. These concerns impacted market sentiment, causing the yen to rise further. Furthermore, confrontations between Ukraine and Russia continue to increase. According to Reuters, Gazprom has suspended gas supply to Bulgaria, while Polish PGNIG has said that Russia would suspend gas deliveries beginning April 27th. Meanwhile, the Reserve Bank of New Zealand is still projected to increase interest rates. Given the RBNZ's aggressive tone ...
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