#XAUUSD @ 1962.57 Gold Price Forecast: has been showing relative strength of late – Commerzbank
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
Gold price recovers after slumping to two-month low. Econmists at Commerzbank discuss XAU/USD outlook.
“The market apparently still sees a small risk that the compromise found at the weekend to raise the debt ceiling in the US will not pass Congress. Voting is set to take place in the House of Representatives today; afterwards the Senate will need to give its approval.”
“The Fed Fund Futures are still pricing in another 25 bps Fed rate increase at the next meeting in June with a probability of roughly 60%. A rate hike on this scale is still fully priced in at one of the next two meetings. In the market’s view, this is likely to be reversed again by year’s end. Against this backdrop, the Gold price has been showing relative strength of late, especially as the US Dollar is priced at its highest level since mid-March.”
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
