The XAUUSD pair is affected by Core Retail Sales and Initial Jobless Claims data – 14-12-2023


Introduction

In this presentation, we will analyse the impact of core retail sales and initial jobless claims on the XAUUSD pair. We will explore the relationship between these economic indicators and the movement of the XAUUSD pair in the forex market.


Today’s given signal : https://t.me/calendarsignal/10011


Impact on XAUUSD Pair

The XAUUSD pair, also known as gold against the US dollar, is highly susceptible to various economic indicators that have a direct impact on its dynamics. Two such indicators are core retail sales and initial jobless claims. These indicators play a crucial role in determining the strength and stability of the US dollar, which in turn significantly affects the price of gold in the forex market. As core retail sales reflect the overall consumer spending patterns, any fluctuations in this indicator can have a ripple effect on the value of the US dollar and subsequently influence the price of gold. Similarly, initial jobless claims provide valuable insights into the health of the labour market and the overall economic conditions. A higher number of jobless claims may indicate a weakening economy, leading to a potential decline in the US dollar’s strength and a subsequent rise in the price of gold. Therefore, traders and investors closely monitor these economic indicators to make informed decisions and capitalize on the opportunities presented by the XAUUSD pair in the dynamic forex market.


Correlation Analysis

By conducting a correlation analysis, we can determine the degree of relationship between core retail sales, initial jobless claims, and the movement of the XAUUSD pair. Understanding this correlation can provide valuable insights for forex traders and investors.


Previous released data results :

On last U.S. Initial Jobless Claims data (7-12-2023) we predict to BUY XAUUSD as for data was increased.

Check the previous blog

Check last given signal

Performance :

On last U.S. Core Retail Sales data (15-11-2023) we predict to SELL XAUUSD data made DOLLER strong so as per that gold was fall down.

Check the previous blog

Check last given signal

Performance :


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