XAUUSD: USD strengthens on unemployment claims data and mixed ec
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The US session saw an uptick in the USD on the FX market. The pre-holiday trade day in Michigan was sparked by an increase in consumer forecasts for inflation over the following one and five years, which was 4.5% and 3.2%, respectively.
The Federal Reserve minutes and recent economic data presented investors with a challenging environment to navigate, causing the US Dollar DXY Index to rise to 103.90, representing a 0.30% gain. The surge followed the announcement of 209,000 initial unemployment claims, which were lower than anticipated. Notwithstanding this encouraging indication, investors are also taking into account the notable fall of 5.4% in October's Durable Goods Orders.
The most recent Federal Open Market Committee (FOMC) minutes revealed ongoing concerns about inflation, indicating that these concerns will likely influence future policy choices.
The Federal Reserve minutes and recent economic data presented investors with a challenging environment to navigate, causing the US Dollar DXY Index to rise to 103.90, representing a 0.30% gain. The surge followed the announcement of 209,000 initial unemployment claims, which were lower than anticipated. Notwithstanding this encouraging indication, investors are also taking into account the notable fall of 5.4% in October's Durable Goods Orders.
The most recent Federal Open Market Committee (FOMC) minutes revealed ongoing concerns about inflation, indicating that these concerns will likely influence future policy choices.
Note
SELL LIMIT XAUUSD 1999- 2002💲TP1 1995
💲TP2 1990
🔴 SL 2009
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