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Data as of May 13, 2026, shows that trading volume in the 15 minutes before the US market opens is at the 93rd percentile historically, significantly higher than the average of the past 30 days, indicating strong buying support at the open. Simultaneously, the momentum index also reaches the 93rd percentile, significantly better than the 30-day average, reflecting that the markets ability to sustain trends has entered an extremely strong zone.Alibaba (BABA.N) executive: By 2033, we will need 10 times the computing power of 2022.Following the release of US PPI data, the gains in the emerging market currency index narrowed.May 13th - Data released on Wednesday showed that the US Producer Price Index (PPI) surged 1.4% month-on-month in April, after Marchs figure was revised upward to 0.7%. This is the largest increase since March 2022, with both goods and services prices rising, compared to market expectations of only 0.5% and the initial 0.5% figure for March. Producer prices have continued to strengthen this year, partly due to rising energy costs, while the Middle East conflict has disrupted shipping through the Strait of Hormuz, impacting global supply chains and leading to shortages of fertilizers, aluminum, and various consumer goods. The PPI rose 6.0% year-on-year, the largest increase since December 2022, significantly higher than Marchs 4.0%, partly due to the gradual exit of the low base effect from last year, thus pushing up the current year-on-year reading.Alibaba (BABA.N) executives: The goal is to maintain above-average growth to gain a larger market share and consolidate its leading position in the cloud computing field.

Gold Price Prediction: XAU/USD struggles to extend gains on encouraging ADP Employment data from the United States

Daniel Rogers

Jan 06, 2023 11:12

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After falling to almost $1,825.00 during the late New York session, the gold price (XAU/USD) has tried a recovery. The precious metal is battling to continue its rebound as robust United States Automatic Data Processing (ADP) Employment Change data has prompted the risk of the Federal Reserve (Fed) maintaining higher interest rate stability for an extended duration.

 

S&P500 suffered a major sell-off from the market participants, displaying a risk-aversion theme, as bigger additions of fresh payrolls in the United States job market will require the Fed to sustain its aggressive position on interest rates for a longer term. This has also caused a possibility of recession in the US economy. The Employment Change (Dec) jumped to 235K in contrast to the predicted 150K and the previous release of 127K. In addition, the weekly Initial Jobless Claims (IJC) have decreased to 204K compared to the expected 225K.

 

The US Dollar Index (DXY) achieved a roaring rally after sustaining above the important resistance of 104.00 and rose to reach 105.00. In addition, 10-year US Treasury yields detected demand and rose to approximately 3.72 percent.

 

Investors will closely monitor Nonfarm Payrolls (NFP) data on Friday. After noticing optimistic signals from ADP Employment Change, it is quite likely that the US NFP will report data that exceeds expectations. The unemployment rate is expected to remain unchanged at 3.7%.


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