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News This Week July 3rd - July 7th

Updated: Jul 23, 2023

Monday 3rd July

USD ISM Manufacturing PMI - 15.00pm

Forecast: 47.2



Gold 1st June - M30 chart

Thursday 1st June

Forecast: 47.0

Actual: 46.9

XAUUSD

Gold initially pushed bullish but closed bearish before continuing up on the next M30 candle



Scenarios

Actual/Better than expected = Gold sells

Worse then expected = Gold buys


 

Tuesday 4th July

USD Bank Holiday


 

Wednesday 5th July

USD FOMC Meeting Minutes - 19.00pm


 

Thursday 6th July

USD ADP - 13.30pm

Forecast: 236K


Gold m15 chart

Thursday 1st June

Forecast: 173K

Actual: 278K


XAUUSD

Good numbers so Gold dropped bearish before continuing the bullish trend

Scenarios

Actual/Better than forecast =Gold sells

Worse than expected = Gold buys


 


USD Unemployment Claims - 13.30pm

Forecast: 247K

 

USD ISM Services PMI - 15.00pm

Forecast: 51.3


Gold 5th June - m30

Monday 5th June

Forecast: 52.6

Actual: 50.3 Worse than expected XAUUSD

Gold pushed bullish on the news and continued slowly



Scenarios

Actual/Better than forecast = Gold sells

Worse than forecast = Gold buys


 

USD JOLTS Job Openings - 15.00pm

Forecast: 9.94M


31st May Gold

Wednesday 31st May

Forecast: 9.41M

Actual: 10.10M Better than expected


XAUUSD

Gold spiked down on the news release and pulled back before making a new high


Scenarios

Actual/Better than expected = Gold sells

Worse than expected = Gold buys



 


Friday 7th July

USD NFP/Unemployment Rate

Forecast:222K/3.6%

Gold NFP 2nd June

Friday 2nd June

Forecast: 193K/3.5%

Actual: 339K Better than expected/3.7% worse than expected

XAUUSD

Mixed data as NFP numbers were good but the unemployment rate rose. Gold did drop on the news pulled back on the next 30min candle then continued to sell



Scenarios

Actual/Better than expected = Gold sells

Worse than expected = Gold buys








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