Sunday, June 26, 2022

Gold: NFP data projections this week

Gold Prices are rebounded from the support area of 1780$ to the Previous resistance level of 1830$ as Projecting directions and  FED Sign of Hawkish interest rates raising.

XAUUSD Gold Price is moving in the Symmetrical triangle pattern and the Market has rebounded from the higher low area of the Triangle pattern.

XAUUSD Gold Price is moving in the Symmetrical triangle pattern and the Market has rebounded from the higher low area of the Triangle pattern.

Gold Prices are rebounded from the support area of 1780$ to the Previous resistance level of 1830$ as Projecting directions

This Week Non-Farm Payrolls Data is expected to print 150K instead of 200k last reading is expected in December Month.

So, Gold Prices are driven by US Domestic data performance reports and inflation reports in the US.

Russia and Ukraine tensions are higher, and talks between Russia and US are soon to be Happening to resolve the issue.

US Dollar: Richmond FED President Barkin Speech

USDJPY is moving in an ascending channel and the market has fallen from the Resistance area of the channel.

USDJPY is moving in an ascending channel and the market has fallen from the Resistance area of the channel

Federal Reserve bank of Richmond President Thomas Barkin said FED might be act upon the Economy and inflation numbers in coming quarters.

But Still, the unemployment rate in the US is very attractive, and the Tightening of Labor numbers seems good for the Pace for the US Economy.

FED Powell hawkish Tone on the latest meeting shows US Economy rebounded from the pandemic is stronger than Pre- Pandemic Level

FED Powell hawkish Tone on the latest meeting shows US Economy rebounded from the pandemic is stronger than Pre- Pandemic Level.

And Demand is still stronger in the US, and the Supply and Demand mismatch will soon be Resolved as the economy picks up.

EURO: Natixis Predictions according to ECB policy Decisions

EURCAD is moving in the Descending channel and the market has reached the lower high area of the channel.

EURCAD is moving in the Descending channel and the market has reached the lower high area of the channel

According to Natixis, EURO has to be more robust against US Dollar in the coming quarters if the following events happen.

EUR According to Natixis EURO has to be more robust against US Dollar in the coming quarters if the following events happen.

Direct investment for Euro has been fewer Capital outflows higher, and reduction in Trade Surplus made Euro weaker.

Once Direct investment is collected, then Euro may be more robust against the USD.

ECB policy decisions this week maybe go for tightening of policy structures then Euro get benefitted by these Event occur.

US and Euro Yield see more divergence according to Policy structures.

ECB rate hikes and soon tapering of assets only led Euro to pick up sharp against US Dollar.

UK Pound: Political drama surrounded the UK

GBPUSD is moving in the expanding channel and the market has reached the lower high area of the channel.

GBPUSD is moving in the expanding channel and the market has reached the lower high area of the channel

UK Pound struggled between the ranging area between 1.3350 to 1.35500 area due to Uncertain news spreading in UK PM Boris Johnson resignations.

And UK Manufacturing PMI scheduled to release and bank of England Monetary Policy Decision Going to Happen This week.

Bank of England confidently to Hike 25bps rate hikes in this meeting as Analyst’s confidence in it.

Bank of England confidently to Hike 25bps rate hikes in this meeting as Analyst’s confidence in it.

UK Pound rebounded from lower levels against US Dollar due to Upcoming Bank of England Monetary Policy meeting scheduled this Thursday.

Canadian Dollar: Canadian GDP data forecast

USDCAD is moving in an Ascending channel and the market Has reached the higher low area of the channel.

USDCAD is moving in an Ascending channel and the market Has reached the higher low area of the channel

Today Canadian GDP and US ISM Manufacturing PMI data major events are scheduled.

And Canadian Dollar made a more substantial move in the Market, But US Dollar was proving more robust than CAD due to FED active like Pro than BoC.

OPEC+ Nations increased the Productions of 400K Barrels from this month boosted Oil prices

And OPEC+ Nations increased the Productions of 400K Barrels from this month boosted Oil prices.

Oil demand and Supply are still not tallied; hence Oil Prices are enough to rise higher.

Due to these scenarios, USDCAD might be pushed higher to the 1.2700 area if CAD data failed to impress today.

Japanese Yen: Japan’s Currency Diplomat Masato Kanda Speech

CHFJPY is moving in an ascending channel and the market has rebounded from the higher low area of the Ascending channel.

CHFJPY is moving in an ascending channel and the market has rebounded from the higher low area of the Ascending channel

Japan’s Top Currency Diplomat Masato Kanda said Weaker Yen has its merits and Demerits.

Weaker Yen makes House Hold Burdens and Import Energy foods items higher.

Weaker Yen makes House Hold Burdens and Import Energy foods items higher

And weaker Yen not Only Support Exporters but Also Gets Raw Materials at Cheap Prices.

And Japan was affected with 83K cases, so Far and Tried to make strict lockdowns or restrictions on Local contacts in public gatherings.

Australian Dollar: RBA left rates unchanged

AUDJPY is moving in the Descending channel and the market has fallen from the lower high area of the channel.

AUDJPY is moving in the Descending channel and the market has fallen from the lower high area of the channel

The Reserve bank of Australia left rates unchanged at 0.10%, and Asset purchases will be stopped from the current month, and No Purchasing idea hereafter in the RBA statement.

The Reserve bank of Australia left rates unchanged at 0.10%, and Asset purchases will be stopped from the current month

And RBA Projected 3.25% inflation numbers in the coming quarters, and it will decline to 2.75% in 2023.

And after news the flashed today Australian Dollar keeps corrections mode.

A hawkish tone is left in RBA made less impressive from RBA investors and fewer interests in Buying Australian Dollars.

Due to these scenarios, AUDUSD dropped 0.50%, and RBA Governor Lowe said inflation seems higher in coming quarters, but in 2024, it may be within the target of 2%. So, rate hikes will be expected from 2024 onwards.

New Zealand Dollar: Omicron Variant Spread increased in Kiwi

NZDUSD is moving in the Descending channel and the Market moving in a minor Ascending channel, Market has rebounded from the higher low area of the Ascending channel.

NZDUSD is moving in the Descending channel and the Market moving in a minor Ascending channel Market has rebounded from the higher low area of the Ascending channel.

New Zealand Dollar posted some gains after Dipping more than 2% from the Resistance zone last week.

New Zealand Dollar posted some gains after Dipping more than 2% from the Resistance zone last week

There is no Kiwi news scheduled today, and the RBA Interest rate made positive for New Zealand Dollar and led to some gains.

RBA made interest rates left unchanged, and AUDNZD Dropped to 0.50% after News Flashed.

And This Week, US NFP and Unemployment rate will drive the New Zealand Dollar.

Omicron virus spreads and cases surpassed 103 numbers, and only death occurred so Far.

New Zealand PM Jacinda Ardern announced tighter restrictions in major cities to avoid Spread.

Swiss Franc: SNB Chairman Speech

USDCHF is moving in the Symmetrical triangle pattern and the market has fallen from the Top area of the pattern.

USDCHF is moving in the Symmetrical triangle pattern and the market has fallen from the Top area of the pattern

SNB Chairman Thomas Jordan Said inflation in the Swiss Zone is higher or less but within 2% target level.

Globally, inflation has surpassed the 2% target of Central Banks and Tightening of monetary policy steps taken by respective central banks.

But Switzerland Have a different scenario; Rising Swiss Franc Prices compensated the inflation prices. So, no need to Bother about the inflation peaks in the Swiss Zone and, if anything, above 2% surpassing means Tightening measures taken by SNB.

Swiss Wage Price Spiral not seen in Swiss Zone and Wage Prices are standard at pace with earnings by the company.

FED rising interest rates will be Favor for the Swiss zone

SNB Chairman Jordan Said inflation rates are temporary rise Globally, and Soon comedown may be in the short term or long-term period

SNB Chairman Jordan Said inflation rates are temporary rise Globally, and Soon comedown may be in the short term or long-term period.

But Global central Banks acted according to inflation numbers; even SNB also looked serious at inflation numbers in the Swiss Zone.

And FED Sign of Hawkish interest rates rising is seen as the US Economy developing faster, and the employment rate developed higher.

SNB seen inflation reading is temporary hikes and will be Calm down if Supply and Demand mismatch Gap closed.

But Anyhow, FED raising interest rates is positive for us (Switzerland), as Per Thomas Jordan Said.


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