Analyst news

• XAUUSD: Elliott wave analysis and forecast for 08.12.23 – 15.12.23

  08-12-2023 13:00 via litefinance.org
  
  Main scenario: consider long positions above the level of 1988.28 with a target of 2170.00 – 2220.00 after correction.Alternative scenario: breakout and consolidation below the level of 1988.28 will allow the pair to continue declining to the levels of 1953.46 – 1889.05.Analysis: a descending correction appears to have formed as the fourth wave (4) of larger degree on the daily chart. The fifth wave (5) is unfolding, with the first wave 1 of (5) formed as its part. Apparently, a desc
  
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• Bond Report: Bond yields rise as jobs data will show whether rally has been warranted

  08-12-2023 11:48
  Bond yields rose on Friday ahead of pivotal data that will show whether a rally in bond prices has been justified.What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Ywas 4.63%, up 4.1 basis points. Yields move in the opposite direction to prices. The yield on the 10-year Treasury BX:TMUBMUSD10Ywas 4.18%, up 2.7 basis points. The yield on the 30-year Treasury BX:TMUBMUSD30Ywas 4.28%, up 2.5 basis points. What’s driving markets Economists expect the U.S. Labor Department to
  
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