Confirming you are not from the U.S. or the Philippines

Ao fornecer esta declaração, declaro e confirmo explicitamente que:
  • Não sou um cidadão nem residente nos EUA
  • Não sou residente nas Filipinas
  • Não possuo, direta ou indiretamente, mais de 10% de ações/direitos de voto/juros dos residentes dos EUA e/ou não controlo cidadãos ou residentes dos EUA por quaisquer outros meios
  • Não tenha propriedade, direta ou indireta, de mais de 10% de ações/direitos de voto/juros e/ou controlo cidadãos ou residentes dos EUA exercidos por outros meios
  • Não sou afiliado de cidadãos ou residentes dos EUA nos termos da Secção 1504(a) da FATCA
  • Tenho consciência da minha responsabilidade por prestar declarações falsas.
Para efeitos da presente declaração, todos os países e territórios dependentes dos EUA são equiparados de igual modo ao território principal dos EUA. Comprometo-me a defender e a considerar isenta a Octa Markets Incorporated, os seus diretores e oficiais relativamente a quaisquer reivindicações que surjam ou estejam relacionadas com qualquer violação da minha declaração no presente documento.
Dedicamo-nos à sua privacidade e à segurança das suas informações pessoais. Coletamos e-mails apenas para fornecer ofertas especiais e informações importantes sobre nossos produtos e serviços. Ao enviar seu endereço de e-mail, você concorda em receber nossas cartas. Se desejar cancelar a assinatura ou tiver alguma dúvida ou preocupação, entre em contato com o nosso Suporte ao Cliente.
Back

Gold Price Forecast: XAU/USD remains on the defensive above $2,000

  • Gold price attracts some sellers on the higher US dollar and bond yields.
  • US Retail Sales came in well above expectations in December.
  • Traders decreased their bets on interest rate cuts from the Federal Reserve (Fed) in March.
  • The discouraging Chinese economic data exerts some selling pressure on the yellow metal.

Gold price (XAU/USD) drops to the $2,000 mark during the early Asian trading hours on Thursday. The downward momentum of yellow metal is supported by the strong economic data in the US, which dampened expectations of an imminent cut in interest rates. At press time, the gold price is trading at $2,007, up 0.07% on the day.

Meanwhile, the US Dollar Index (DXY), a measure of the USD’s value relative to the majority of its most significant trading partners, soars to the new 2024 peak near 103.70. The US Treasury yields edge higher across the curve, with the 10-year yield standing at 4.10%.

Investors are uncertain about the timeframe that the Federal Reserve (Fed) could start discussing the interest rate cuts. According to the CME Fedwatch tool, traders see 57% odds for a 25 basis points (bps) interest rate cut in March, down from 70% at the start of the week.

Furthermore, the better-than-expected US Retail Sales data pushed back expectations of rate cuts. On Wednesday, December Retail Sales came in at 0.6% MoM versus 0.3% prior. For the control group, the Retail Sales figure arrived at 0.8% in December from the previous reading of 0.5%.

The sentiment around further deterioration in Chinese data releases weighs on the gold price as China is one of the world's largest gold consumers. The nation’s Gross Domestic Product (GDP) expanded at 5.2% last year, missing expectations of 5.3%. Industrial production rose 6.8% YoY in December, and Retail Sales eased to 7.4% YoY in December from 10.1% in the previous month.

Traders will keep an eye on the US Housing Starts, Building Permits, weekly Initial Claims, and Philly Fed Manufacturing Index, due on Thursday. These figures could give a clear direction to the gold price.

 

AUD/USD remains under selling pressure around 0.6550, eyes on Australian employment data

The AUD/USD pair remains under selling pressure during the early Asian section on Thursday.
Leia mais Previous

Japan Foreign Investment in Japan Stocks climbed from previous ¥296.2B to ¥1202.6B in January 12

Japan Foreign Investment in Japan Stocks climbed from previous ¥296.2B to ¥1202.6B in January 12
Leia mais Next