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⚜️THIS WEEK #VIP PIPS REPORT⚜
✅EURGBP 46+(2rr)
✅GBPCAD 130+(2rr)
✅US30 470+(7rr)
✅XAUUSD 120+(3rr)
✅USOIL 70+(1rr)
❌EURCHF 34--(1rr)
✅XAUUSD 50+(1rr)
❌NAS100 140--(1rr)
❌USDJPY 38--(1rr)
❌USDZAR 50--(1rr)
❌EURUSD 26--(1rr)
✅XAUUSD not active
✅XAUUSD 90+(1rr)
✅Us30 160+(1.5rr)
✅GBPNZD 110+(2rr)
❌EURUSD 120--(2rr)
✅XAUUSD 80+(1rr)
✅XAGUSD 80+
✅XAUUSD 60+(1rr)
--
✅Total pips 1466+(24.5rr)
❌Red pips 496--(7rr)
-
✅Net pips 970+(17.5rr)
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📌 China's inflation data, both monthly and yearly, still show the lack of production boom
🔵 Inflation data between 2-3% indicates stable growth and favorable economic conditions
🔴 China has significantly reduced its production and economic prosperity after the corona restrictions, and the data still do not show a return to stable growth.
♦️ This issue can increase the risk of global recession and in general, economic statistics are considered negative for the markets
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CME Financial Group
An examination of the volume and trading positions of the gold futures market shows that, in the short term, a further increase in the price of gold is ahead, and at first the price can reach the level of 1930 dollars, and for further increase, it must be able to stabilize above this level.
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Rising U.S. bond yields have helped revive the U.S. dollar and acted as a headwind for gold, causing the precious metal to fluctuate within a small range, however, uncertainty about the path of the Fed's interest rate hikes. It can limit the downward trend.
The steady growth of wages and the slight decrease in the unemployment rate point to the tight conditions of the labor market in the United States. The data ensures that the Federal Reserve will resume interest rate hikes at its upcoming policy meeting on July 25-26, which will continue to support rising US Treasury yields. In fact, the rate-sensitive two-year U.S. government bond is near its highest level since June 2007, and the 10-year U.S. Treasury yield has also held steady above the 4.0 percent threshold.
However, the non-farm payrolls (NFP) report on Friday showed that the US economy added 209,000 jobs in June, the lowest number in 2.5 years, indicating that the labor market is It's getting cold
The focus remains on US consumer inflation figures this week
The key US Consumer Price Index (CPI) report is due out on Wednesday and is expected to decline further in June.
Meanwhile, in the absence of any market-related economic releases from the United States on Monday, traders will take cues from Federal Reserve Governor Michael Barr's speech to take advantage of short-term trading opportunities.
