Macroeconomic Overview
This week, we observed a 75bps rate hike on the ECB (European Central Bank) side.
The statements of the President of the European Central Bank were not very hawkish.
Risk appetite is increasing in the markets right now.
DXY (Dollar Index) is falling, Gold Bitcoin, Euro and global stock market indices are rising.
This situation may last until the next Fed meeting.
On the American side, the rise may accelerate as a result of bad economic data or lower-than-expected inflation data.
Next week, US-Eurozone inflation figures and a lot of data will be released.
When We Examine the Gold Chart in the Monthly Term
The 1680-1690 level is an important support, I don't expect a change in the monthly maturity outlook unless this level is broken.
For details, you can check out our previous posts.
This week, we observed a 75bps rate hike on the ECB (European Central Bank) side.
The statements of the President of the European Central Bank were not very hawkish.
Risk appetite is increasing in the markets right now.
DXY (Dollar Index) is falling, Gold Bitcoin, Euro and global stock market indices are rising.
This situation may last until the next Fed meeting.
On the American side, the rise may accelerate as a result of bad economic data or lower-than-expected inflation data.
Next week, US-Eurozone inflation figures and a lot of data will be released.
When We Examine the Gold Chart in the Monthly Term
The 1680-1690 level is an important support, I don't expect a change in the monthly maturity outlook unless this level is broken.
For details, you can check out our previous posts.
