EUR/USD 1.14153
-0.125%
Gold 4108.33
-0.370%
Oil 71.472
-0.264%
USD/JPY 161.729
-0.397%
GBP/USD 1.33978
-0.077%
GBP/JPY 216.686
-0.473%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 11, the Ukrainian Presidential Office announced on the 10th that President Zelenskyy had signed a decree to establish a special command and a joint rapid reaction force. In a video address, Zelenskyy stated that a special command would be established within the Ukrainian Armed Forces to specifically handle long-range strike operations against Russia. This command would concentrate all available resources to further weaken Russias combat capabilities. He also said that existing assault forces would be reformed to form a modern, technology-driven joint rapid reaction force. This force would combine assault troops, artillery units, and unmanned combat capabilities to ensure rapid response on the front lines. He has appointed Brigadier General Dmytro Voloshin to lead this force. Zelenskyy also posted on social media that day that due to production constraints on the US Patriot air defense system and the European new-generation SAMP-T surface-to-air missile system, Ukraine would develop its own domestic air defense and anti-missile system.According to Saudi media Hadas, there are unconfirmed reports of loud explosions heard near Bakhdasht and Barshiin in Iran.July 11 - A 4.3-magnitude earthquake struck the Lima region of Peru at 11:42 p.m. local time on July 10, 2026. The epicenter was located approximately 22 kilometers southwest of Lurin, at a depth of 60 kilometers. The tremor was felt in the capital, Lima.The European-Mediterranean Seismological Centre reports a 4.9-magnitude earthquake in the Selam Sea, Indonesia, at a depth of 10.0 kilometers.The U.S. Centers for Disease Control and Prevention reported that a U.S. citizen in the Democratic Republic of Congo has been diagnosed with the Bundibugyo Ebola virus.

Gold Price Prediction: After a chaotic gyration above $2,020, the XAU/USD pair stabilizes as investors watch the crucial US NFP report

Alina Haynes

Apr 06, 2023 11:49

150.png 

 

In the early Tokyo session, the Gold price (XAU / USD) is exhibiting lackluster performance above $2,020.00. Wednesday's publication of lackluster employment data in the United States caused a wild swing in the price of precious metals. Investors have transferred their focus to the publication of the US Nonfarm Payrolls (NFP) data, resulting in a sideways Gold price.

 

S&P500 continued its downward trend on Wednesday as a weaker Services PMI bolstered recessionary indicators in the U.S. economy, indicating bearish market sentiment. The US Dollar Index (DXY) rebounded strongly from its new monthly low of 101.40 but encountered resistance near 102.00. Despite the publication of unfavorable US Services PMI and labor market data, the USD Index received significant bids.

 

The US ISM Services PMI for March decreased to 51.2 from 54.5 and 55.1 in the previous release. As a result of the Federal Reserve's decision to raise interest rates, a decline in the Service sector is causing growing concern. (Fed). Additionally, households struggle to endure the burden of high inflation. The New Orders Index, which indicates future demand, fell sharply to 52,2 from 57,6 and the previous reading of 62.6. It is very encouraging that the US Services PMI range did not fall below 50, as this would have indicated a contraction.

 

Following the release of disappointing US Automatic Data Processing (ADP) Employment data, investors are eagerly anticipating the release of US NFP, which will shed more light on the state of the labor market. It is anticipated that the unemployment rate will remain unchanged at 3.6%. And Average Hourly Earnings would decline to 4.3% from 4.6% previously reported.


Suggestion