Forex Analysis by Investing.com (Günay Caymaz) covering: XAU/USD, US Dollar Index Futures, Gold Futures. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
The US dollar has been consolidating sideways as global risk appetite improves.Weaker-than-expected data could push the US dollar lower.is expected to hold rates steady this week, the market’s focus is shifting toward the potential for future rate cuts.report will be crucial in determining the Fed’s next move. A weaker-than-expected jobs report could reinforce expectations for rate cuts later this year.has come under pressure as investors price in a potential shift in monetary policy.
Short-term technical indicators suggest a potential consolidation phase, with the 104 level acting as immediate support. The upcoming week will be crucial for determining the DXY's next move, with the employment report being the key catalyst.The new week began on a positive note as buying interest from the end of the previous week continued. Geopolitical tensions in the Middle East have increased gold demand, but upcoming interest rate decisions from the Fed and BOJ could add volatility.
Given the recent reaction at a key support level, gold is more likely to stay above $2,390 in the near term.This summer, get exclusive discounts on our subscriptions, including annual plans for less than $8 a month!This article is written for informational purposes only; it does not constitute a solicitation, offer, advice, counsel or recommendation to invest as such it is not intended to incentivize the purchase of assets in any way.
US Dollar Index Futures Gold Futures
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Down 22% Over the Past Month: Where Could It Bottom?Market Analysis by Investing.com (Günay Caymaz) covering: BTC/USD. Read Investing.com (Günay Caymaz)'s Market Analysis on Investing.com
Read more »
Can Tesla Keep Building Upon Massive Ongoing Rally? These Levels May Hold the KeyStocks Analysis by Investing.com (Günay Caymaz) covering: Tesla Inc. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Read more »
Ethereum: Bounce May Be Short-Lived - Watch Out for Renewed Selling PressureMarket Analysis by Investing.com (Günay Caymaz) covering: BTC/USD, ETH/USD. Read Investing.com (Günay Caymaz)'s Market Analysis on Investing.com
Read more »
Bitcoin Index Signals 'Extreme Fear' - Perfect Time to Begin Accumulation?Market Analysis by Investing.com (Günay Caymaz) covering: BTC/USD. Read Investing.com (Günay Caymaz)'s Market Analysis on Investing.com
Read more »
These 3 Altcoins Are Gearing Up to Claw Back Losses From Early JulyMarket Analysis by Investing.com (Günay Caymaz) covering: ETH/USD, XRP/USD, Solana. Read Investing.com (Günay Caymaz)'s Market Analysis on Investing.com
Read more »
Bitcoin: Consolidation Zone Breakout Could Propel Crypto Toward All-Time HighsMarket Analysis by Investing.com (Günay Caymaz) covering: BTC/USD. Read Investing.com (Günay Caymaz)'s Market Analysis on Investing.com
Read more »