Matket News 2/9
⭐️ The last day of the week will hopefully bring us volatility to trade on. As for me, gold is about to find its bottom, and September will be a fantastic month for XAUUSD bulls. And now, you can read the most important news of the day.
🇨🇳 The Chinese Yuan is set to close the third weekly candle in red against the dollar amid another huge lockdown on the mainland. Bank of China tries to fix the USDCNH rate but without success.
💹 Bad employment data in the US may lead to a more aggressive Fed despite the damage to households and businesses. The main target for the Federal Reserve is to stop price growth and stabilize the economy.
🛢 Pipeline operator data suggests Nord Stream flows to be back on Saturday as planned. The gas price in Europe is falling to $2200 per metric ton.
💸 The Crypto market is in extreme fear ahead of the NFP release. Total cryptocurrency market capitalization has been below the critical $1 trillion for more than a week.
💻 NVIDIA and AMD suffer due to the US limiting certain exports to China. Some of Nvidia’s business may be permanently impaired.
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