Steuerfahnder haben Daten einer Kryptobörse abgefragt. Das Handelsblatt weiß, von welcher Börse und aus welchem Zeitraum die Daten sind. Was Trader jetzt tun sollten.
Vor allem die schwache Entwicklung der Industrie bremst laut den Ifo-Experten die deutsche Konjunktur. Wann genau es wieder aufwärts geht, ist noch unklar.The blackout period ended last week, and we started to
hear comments from several Fed members. The prevailing sentiment remains is the
one of patience and relying on data to determine the appropriate extent of further
tightening. While the majority anticipates two additional rate hikes this year,
they consistently emphasize that such decision will be determined by the
incoming data.
The data we’ve seen last week leans towards supporting
a rate hike, as the housing market data exceeded
expectations, the US Jobless Claims remained
solid, and the US Services PMI beat
forecasts. The forthcoming NFP and CPI reports will undeniably play a crucial
role in shaping the future expectations, however, if we continue to get good
data, we can expect the Fed to raise rates in July, which is also the current
market’s expectation.
Gold Technical Analysis –
Daily Timeframe
On the daily chart, we can see that after breaking
out of the key 1934 support, Gold
has bounced on the 61.8% Fibonacci retracement level
and pulled back into the broken support turned resistance. The
sellers may lean on this resistance zone and pile in for more downside, but
another even better spot for shorts is the trendline where we
can also find the red 21 moving average. The
buyers would need a break above the trendline to gain the conviction for
further upside and target the 1984 level.
Gold Technical Analysis – 4
hour Timeframe
On the 4 hour chart, we can see that we have a divergence with the
MACD which is
generally a sign of weakening momentum followed by pullbacks or reversals. In
this case, the pullback should come into the trendline where we can also find
the 61.8% Fibonacci retracement level for further confluence. A break
above the trendline would open the door for a rally into the 1984 resistance.
Gold Technical Analysis – 1
hour Timeframe
On the 1 hour chart, we can see that the
moving averages on this timeframe are crossed to the upside as the momentum
turned bullish after the bounce on the 61.8% Fibonacci retracement level. We
can notice that the buyers are leaning on the red 21 moving average and the
first target should be the trendline. More conservative sellers may want to see
the price make a new lower low breaking the 1915 level before piling in and
extend the fall to a new low.
This week
is pretty empty on the data front as we only have the US Jobless Claims and the
US PCE reports scheduled for the end of the week. However, we will hear again from
many Fed officials but since we have not seen any crucial economic indicator
yet, it is unlikely that they will provide signals regarding the next course of
action.
This article was written by FL Contributors at www.forexlive.com.
Markets:
It was a quiet session for the most part but risk tones continue to stay on the more cautious side after last week’s selling in equities.
The bid in bonds is what is notable today and that dragged stocks lower after a bit of a breather in Asia trading. A softer German Ifo report isn’t helping with the mood, as recession risks are starting to rise again in Europe.
There was also the typical verbal jawboning by Japanese officials on the yen, but USD/JPY is still keeping above 143.00 even if it is down 0.4% to 143.15 currently. The price action there is largely to do with the bond market though I would say, as 10-year Treasury yields are down heavily to start the week.
Meanwhile, the dollar itself is mostly mixed as it keeps little changed against the euro and pound. The franc is gaining some modest ground though, arguably due to safety flows while the kiwi is also holding higher with AUD/NZD accelerating its downside move from last week towards 1.0800 next.
As mentioned earlier in the session, there is something to consider for risk/equities this week:
„But can it (the calmer mood) last? The question last week was whether growth worries or the run up to quarter-end being reasons to have dragged equities lower. If it is the former, things haven’t really changed. If it is the latter, there’s going to be added focus this week as we gear towards Friday. That might make any rebound or slight relief like the one we’re seeing now rather tentative at best.“
Besides that, the news from Russia over the weekend isn’t really impacting markets all too much but it is worth keeping a watchful eye just in case.
This article was written by Justin Low at www.forexlive.com.