Jobs, rate cuts and tariffs

Monica Kingsley Monicakingsley

S&P 500 regained footing, witch much of the price action sure capped between 6,950s and 6,965 zone, and it‘s been my prediction to clients that today‘s NFPs would be bought. No matter the downward revisions, the headline figure and private payrolls would steal today‘s show, and we‘ll get a very clear close at least above 6,985. The winner of the day will be precious metals still, for all the technically still precarious situation silver is in (that deserves first degree of attention, it‘s a critical metal for the direction real economy is going, what modern tech requires).

I‘m opening today‘s premium gold analysis so that you know what Trading Signals clients could count on as the brief correction was being worked off, and breaking lower clearly rejected yesterday.

I‘m adding the chart preview of stock market analysis as well, published well before the NFPs data release.

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

EUR/USD deflates to fresh lows, targets 1.1600

The selling pressure on EUR/USD now gathers extra pace, prompting the pair to hit fresh multi-week lows in the 1.1625-1.1620 band on Friday. The continuation of the downward bias comes in response to further gains in the US Dollar as market participants continue to assess the mixed release of US Nonfarm Payrolls in December.

GBP/USD breaks below 1.3400, challenges the 200-day SMA

GBP/USD remains under heavy fire and retreats for the fourth consecutive day on Friday. Indeed, Cable suffers the strong performance of the Greenback, intensified post-mixed NFP, and trades at shouting distance from its critical 200-day SMA near 1.3380.

Gold flirts with yearly tops around $4,500

Gold keeps its positive bias on Friday, adding to Thursday’s advance and challenging yearly highs in the $4,500 region per troy ounce. The risk-off sentiment favours the yellow metal despite the firmer tone in the Greenback and rising US Treasury yields.