GOLD: growth after the US Federal Reserve meeting

June 18, 2015

Buy on a level breakthrough of 1190 with 1204 target. Stop loss = 1180.

Reason for the trading strategy

Yesterday, the US Federal Reserve kept its key interest rate unchanged in the range of 0-0.25%, as expected. According to J. Yellen, the economic conditions have not yet justified an interest rate increase. The US Federal Reserve lowered the forecast for US GDP growth for 2015 from 2.3-2.7% to 1.8-2.0% and raised the unemployment rate forecast from 5.0%-5.2% to 5.2%-5.3%. The inflation forecast in 2015 remains unchanged at 0.6%-0.8%. Most US Federal Reserve officials expect one or two rate increases this year (up to 0.5%-0.75% by the end of this year). According to J. Yellen, the importance of the first rate increase should not be overestimated. She believes that there is still some cyclical weakness in the labor market, and the current year inflation will remain low due to low oil and import prices.

Publication source
EXNESS information  EXNESS reviews

January 16, 2017
Surging equities at risk ahead of earnings season
While earnings season has started on a very positive footing, however, banks and other financial companies were already expected to shine more than others due to rising interest rate expectations. As non-financial companies begin to report in the coming weeks...
January 16, 2017
Oil prices were unmoved
After reaching 56.50 dollars per barrel Brent rolled back to 55.50. The benchmark started Friday in a consolidation. Brent extended its sideways trades during the European session. The “black gold” was range-bound-to lower during the day...
January 16, 2017
XAUUSD at major resistance, time to sell
We turn bearish below 1198 resistance (Fibonacci retracement, horizontal resistance) as we prepare to see a strong move down to 1176 support (Fibonacci retracement, recent swing low support, Fibonacci projection)...

Grand Capital Rating
XM Rating
HotForex Rating
FBS Rating
OctaFX Rating
Trade360 Rating

Anyoption Rating
OptionRally Rating
TopOption Rating
Grand Option Rating
OptionsXO Rating
24option Rating