确认您不是来自美国或菲律宾

在此声明,本人明确声明并确认:
  • 我不是美国公民或居民
  • 我不是菲律宾居民
  • 本人没有直接或间接拥有美国居民10%以上的股份/投票权/权益,和/或没有通过其他方式控制美国公民或居民。
  • 本人没有直接或间接的美国公民或居民10%以上的股份/投票权/权益的所有权,和/或受美国公民或居民其他任何方式行使的控制。
  • 根据FATCA 1504(a)对附属关系的定义,本人与美国公民或居民没有任何附属关系。
  • 我知道做出虚假声明所需付的责任。
就本声明而言,所有美国附属国家和地区均等同于美国的主要领土。本人承诺保护Octa Markets Incorporated及其董事和高级职员免受因违反本声明而产生或与之相关的任何索赔。
我们致力于保护您的隐私和您个人信息的安全。我们只收集电子邮件,以提供有关我们产品和服务的特别优惠和重要信息。通过提交您的电子邮件地址,您同意接收我们的此类信件。如果您想取消订阅或有任何问题或疑虑,请联系我们的客户支持。
Octa trading broker
开通交易账户
Back

Gold Price Analysis: XAU/USD drops to over one-week lows ahead of FOMC

  • A combination of factors weighed on gold for the second straight session on Wednesday.
  • Rallying US bond yields helped revive the USD demand and exerted pressure on the metal.
  • COVID-19 jitters could help limit any further losses ahead of the latest FOMC policy decision.

Gold dropped to one-and-half-week lows during the mid-European session, albeit recovered a bit thereafter. The commodity was last seen trading around the $1,769 region, still down over 0.60% for the day.

The previous metal added to the previous day's modest losses and witnessed some follow-through selling for the second consecutive session on Wednesday. The downfall was sponsored by a goodish pickup in the US dollar demand, which tends to drive flows away from the dollar-denominated commodity.

The greenback remained well supported by some strong follow-through move up in the US Treasury bond yields. The intraday USD uptick could further be attributed to some repositioning trade ahead of the latest monetary policy update by the FOMC, scheduled to announce later during the US session.

The Fed is widely expected to leave its monetary policy settings unchanged. That said, the continuous rise in inflation expectations, which might force the Fed to start laying the groundwork for a future policy tightening soon. Hence, the key focus will be on Fed Chair Jerome Powell's comments.

Any hawkish signals should provide a strong lift to the USD and prompt some aggressive selling around the non-yielding yellow metal. However, worries that surging COVID-19 cases in some countries could derail the global economic recovery might help limit losses for the safe-haven XAU/USD.

Apart from this, investors will also monitor US President Joe Biden’s address to a joint session of Congress. Earlier this Wednesday, Biden announced a $1.8 trillion proposal that covers education and aid to families, which will be funded by tax hikes wealthy and households making over $1 million.

From a technical perspective, the XAU/USD, so far, has managed to hold defend the double-bottom neckline resistance breakpoint, now turned support near the $1,765-60 region. Sustained weakness below will negate any positive bias and turn the metal vulnerable to retest the $1,725 support area.

Technical levels to watch

 

USD/JPY consolidates gains near two-week highs at 109.00

The USD/JPY pair closed the first two days of the week in the positive territory and preserved its bullish momentum to touch the highest level in two
了解更多 Previous

S&P 500 Index may be close to a peak for this phase of strength – Credit Suisse

S&P 500 remains well supported for now and the spotlight remains on the 4200 level. Economists at Credit Suisse continue to look for a cap here and fo
了解更多 Next