Tag: ftmo funding

Manipulation

Andrew McGaw
9 Aug 2021 Price is smashed down before the market even opens before Asian Session. Yes this chart is manipulated. Expect the Wednesday CPI Number to be high. This fall is to absorb the expected increase.

Gold up 3% for July, Regaining Shine on Dovish Fed’s Wings

Andrew McGaw

“Gold’s great week is ending on a down note, but bullion bulls are probably feeling pretty optimistic,” said Ed Moya, head of research for the Americas at New York’s OANDA. “Gold appears to be close to triggering technical buying following the aftermath of the Fed, persistent delta variant concerns, and depressed global bond yields.”

After two weeks of anemic action, gold longs got a break on Wednesday when Federal Reserve Chair Jerome Powell said the central bank wasn’t ready to even think of raising U.S. interest rates as it was still focused on buying assets to support an economy recovering from the coronavirus pandemic.

By Barani Krishnan

The Fed hold rates steady AGAIN and Gold launches skyward

Andrew McGaw

Jul 28 Fed Interest rate decision is again to hold at .25% despite inflation storm clouds. On the flip side housing has falling prices so imagine what impact rising rates would have for that market. Stuck between a rock and hard place and in the next few months the bond market might take control and force rates higher which will create fear and worry in the broader economy and with investors. And we all know Gold loves fear and good fundamentals to increase in value. GDP release tonight so hold on to your cowboy hat.