| In this week's Market Outlook with Exness, we see that platinum is poised for a potential breakout from its downward trend in the coming days, following a solid short-term rebound that countered its previous decline. Current market dynamics for metals, platinum included, are heavily influenced by the Fed's less aggressive stance in light of the USA's easing inflation. However, this positive sentiment is somewhat tempered by reduced demand from China, attributable to its tepid economic climate. Traders are keenly awaiting the release of the FOMC's minutes on Tuesday night GMT, a pivotal moment that could significantly impact market movements. |
You Might Also Like
Gold Technical Analysis
2023-11-30
Here’s a quick technical analysis on Gold with some fundamental background.
For more visit ForexLive.com
RBNZ Decision: Key barometer for buyers and sellers at a dual technical level at 0.6092.
2023-11-28
Will the Reserve Bank of New Zealand’s interest rate decision shift the NZDUSD bias? Currently above key technical levels, traders should watch for a move below 0.6092 for more bearish clues
USDJPY makes new session lows. Seller making a play. Can they keep the momentum going?
2023-11-27
The USDJPY is making new session lows and in the process is moving below last Tuesday’s high and last Wednesday’s low. That level comes in at 148.59. Going forward getting and staying below that level will keep the sellers more in control.
US 10 year yield higher. US dollar lower. Technicals are in play for both.
2023-11-24
As the US 10-year yield moves higher, the USD is moving lower. That is not the normal relationship, but it is today.Technicals seem to be in play as the 10-year yield bounces off a key support area near 4.34%. Meanwhile, the USD is breaking to the downside against a number of the major currencies. So technicals seem to be the driving force behind the moves.
EURUSD and GBPUSD move to new highs as London/European traders head for the exits
2023-11-20
Both the EURUSD and GBPUSD are making technical breaks to new highs as European traders exit for the day.
Tags: Featured,newsletter
