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February 24th news, on the evening of the 23rd local time, the chairman of the German Free Democratic Party, Lindner, announced that if the party ultimately fails to enter the Bundestag because it receives less than 5% of the votes, he will withdraw from politics.February 24, according to the Washington Post, Ukrainian President Zelensky called for a meeting with US President Trump on Sunday. The United States continues to push for an agreement to obtain Ukraines mineral resources. Zelensky said that if Ukraine is to give up most of its natural resources, it must "go hand in hand with security guarantees to Ukraine." He said that if there is uncertainty, another war may break out, and said that if this happens, the Trump administration will lose face. Zelensky said he understood that Trumps remarks in the past few days were not "compliments." However, he said that our two countries have a strategic relationship and are partners. As president, we have no right to lose the partnership between our two countries.Ukrainian President Zelensky: NATO is the most cost-effective option to prevent another war. It is the simplest and most logical solution. If Ukraine does not join NATO, we will have to establish NATO within Ukraine, which means maintaining a strong army capable of repelling aggression.German CDU Chairman Merz: It is too early to talk about the issue of German troops participation in the peace mission in Ukraine.February 24, Trump: It looks like the German Conservatives won the much-anticipated election. Like Americans, Germans are tired of the common-sense agenda, especially on energy and immigration, that has prevailed for so many years.

Gold Price Prediction: After a chaotic gyration above $2,020, the XAU/USD pair stabilizes as investors watch the crucial US NFP report

Alina Haynes

Apr 06, 2023 11:49

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In the early Tokyo session, the Gold price (XAU / USD) is exhibiting lackluster performance above $2,020.00. Wednesday's publication of lackluster employment data in the United States caused a wild swing in the price of precious metals. Investors have transferred their focus to the publication of the US Nonfarm Payrolls (NFP) data, resulting in a sideways Gold price.

 

S&P500 continued its downward trend on Wednesday as a weaker Services PMI bolstered recessionary indicators in the U.S. economy, indicating bearish market sentiment. The US Dollar Index (DXY) rebounded strongly from its new monthly low of 101.40 but encountered resistance near 102.00. Despite the publication of unfavorable US Services PMI and labor market data, the USD Index received significant bids.

 

The US ISM Services PMI for March decreased to 51.2 from 54.5 and 55.1 in the previous release. As a result of the Federal Reserve's decision to raise interest rates, a decline in the Service sector is causing growing concern. (Fed). Additionally, households struggle to endure the burden of high inflation. The New Orders Index, which indicates future demand, fell sharply to 52,2 from 57,6 and the previous reading of 62.6. It is very encouraging that the US Services PMI range did not fall below 50, as this would have indicated a contraction.

 

Following the release of disappointing US Automatic Data Processing (ADP) Employment data, investors are eagerly anticipating the release of US NFP, which will shed more light on the state of the labor market. It is anticipated that the unemployment rate will remain unchanged at 3.6%. And Average Hourly Earnings would decline to 4.3% from 4.6% previously reported.


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