Gold has rallied 12.7% since it double bottomed back in March 31st and now it´s upside is being capped by a MASSIVE key level. We remain extremelly bullish on rising inflation and USD depreciation. 

Here are our 2 bullish scenarios for this week. 


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EUR/USD falls off the highs after ISM beat

EUR/USD is retreating from the highs near 1.19 after the ISM Services PMI smashed estimates with 64.1 points. Earlier, the pair advanced in response to the weak ADP Nonfarm Payrolls. The Fed's Richard Clarida said he sees risks to his outlook to the upside. 

EUR/USD News

GBP/USD advances on dollar weakness, amid BOE positioning

GBP/USD is trading below 1.3930 but holding onto most gains The ISM Services PMI beat estimates while the ADP jobs report missed. Investors are positioning themselves ahead of Thursday's Bank of England decision and cheering the UK's progress against covid.

GBP/USD News

XAU/USD jumps to fresh weekly tops, above $1,825 on weaker ADP report

Gold caught some bids during the early North American session amid renewed USD selling bias. Disappointing ADP report reaffirmed dovish Fed expectations and provided an additional boost. The risk-off impulse in the markets extended some additional support to the safe-haven metal.

Gold News

Shiba Inu investors pressure Robinhood to list SHIB despite recent price slump

Shiba Inu is holding its ground despite the drop in altcoin prices. The growing popularity of the crypto may not be enough to prevent a downtrend in SHIB price. 

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Apple: Double top still in place but not triggered

Apple stock pout in a pretty solid day on Tuesday closing up 1.3% at $147.36. The markets were a little shaky early on with big tech FAANG names all suffering but the market rallied as the day wore on.

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