Jerome Powell emphasizes the resilience of the U.S. economy amidst global uncertainties. The message is clear: steady growth continues. How do you think this will impact the markets? 📈 #USEconomy #FederalReserve #MarketOutlook

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Gold’s movement in the Asian session on September 19, 2024, indicates a market that is still digesting the implications of the recent Fed rate cut.

The technical levels identified across the M15, H1, and H4 charts provide key areas to watch for potential trading opportunities.

Traders should be prepared for both bullish and bearish scenarios, depending on how gold interacts with these critical levels.

https://fortuneprime.com/daily-economic-news/gold-dips-after-record-highs-amid-fed-rate-cut-focus-on-asian-market-and-geopolitical-risks/

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UK service inflation rose by 5.6, above expectations for a 5.5% increase. The Bank of England will likely keep rates unchanged this week. US sales increased by 0.1% when estimates had shown a 0.2% decline in August. The GBP/USD forecast points to bullish optimism after UK services inflation data came in higher than expected. Meanwhile,...
The post GBP/USD Forecast: UK Services Inflation Beat Expectations (https://www.forexcrunch.com/blog/2024/09/18/gbp-usd-forecast-uk-services-inflation-beat-expectations/) appeared first on Forex Crunch (https://www.forexcrunch.com/).

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GBP/USD Forecast: UK Services Inflation Beat Expectations
https://www.forexcrunch.com/blog/2024/09/18/gbp-usd-forecast-uk-services-inflation-beat-expectations/

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Canada’s inflation fell by 0.2% monthly, surprising economists who had forecast no change. Data revealed that US retail sales unexpectedly increased by 0.1%.  The likelihood of a 50-bps Fed rate cut remains high at 63%. The USD/CAD price analysis shows mild bullish momentum as the Canadian dollar remains fragile after softer-than-expected inflation data. At the...
The post USD/CAD Price Analysis: CAD Vulnerable After Downbeat CPI (https://www.forexcrunch.com/blog/2024/09/18/usd-cad-price-analysis-cad-vulnerable-after-downbeat-cpi/) appeared first on Forex Crunch (https://www.forexcrunch.com/).

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USD/CAD Price Analysis: CAD Vulnerable After Downbeat CPI
https://www.forexcrunch.com/blog/2024/09/18/usd-cad-price-analysis-cad-vulnerable-after-downbeat-cpi/

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Asia FX firm, dollar drifts lower with Fed rate cut in sight
https://ph.investing.com/news/forex-news/asia-fx-firm-dollar-drifts-lower-with-fed-rate-cut-in-sight-1442874

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As the Federal Reserve prepares to announce its rate decision, gold prices are poised for further movement depending on the size of the cut.

While a quarter-point cut could see a minor dip in prices, a larger 50-basis-point cut is expected to fuel another rally, potentially pushing gold back above $2,590.

Investors should also monitor geopolitical developments and central bank activities, as these factors will continue to play a crucial role in shaping gold’s trajectory.

https://fortuneprime.com/daily-economic-news/gold-steadies-before-fed-rate-decision-what-to-expect-in-the-asian-session/

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