AJack_FX

AJack_FX Updated 

⚡️Gold prices moved little on Tuesday as the dollar arrested recent losses before key U.S. inflation data due later this week, while copper prices held on to recent gains on hopes that the worst had passed for China’s economy. ⚡️Focus is now squarely on a consumer price index inflation reading for August, which is expected to show inflation growing at a faster...

AJack_FX Updated 

⚡️Gold continues losing ground for the seventh straight day and drops to a fresh multi-month trough. ⚡️Hawkish Fed expectations, elevated US bond yields and bullish USD continue to weigh on the metal. ⚡️A softer risk tone fails to lend support, though oversold conditions could help limit any further losses. ⚡️Gold price (XAU/USD) prolongs its recent...

AJack_FX Updated 

⚡️The GBP/JPY is stuck in familiar levels after a quiet early half of the trading week. Japanese CPI inflation and UK GDP growth figures due for the Friday trading sessions. Bearish correction in the Guppy is struggling to develop meaningful momentum. The GBP/JPY continues to struggle to push decisively in either direction and has been constrained between the...

AJack_FX Updated 

⚡️The British Pound (GBP) and Yen (JPY) both failed to find momentum to launch the charts for the new trading week. ⚡️The GBP has struggled to find support across the charts after the Bank of England (BoE) kept interest rates steady last week in a split vote, and the end of the cycle appeared likely. The UK's interest rate hike has come much sooner than many...

AJack_FX Updated 

⚡️The dollar’s first weekly retreat in two months threw another lifeline at gold on Friday, helping secure the yellow metal’s hold on $1,900 territory and score a modest weekly gain of its own. ⚡️Spot gold’s ability to hold on to $1,900 support came under the spotlight this week after the headline reading for the U.S. Consumer Price Index surged beyond...

AJack_FX Updated 

⚡️ EUR/USD trades at 1.0572, registering marginal gains of 0.06%, as softer German inflation data and US government shutdown fears impact prices. US Core PCE data reveals a 3.9% YoY increase, below the expected 4%, diminishing chances for a November rate hike by the US Federal Reserve. ⚡️ A daily close below the 1.0600 mark for EUR/USD could see the pair...

AJack_FX Updated 

⚡️Canadian Dollar back into recent lows as Crude Oil prices tumble on Friday.Canadian GDP missed market expectations, economic growth came in flat.USD/CAD etches in a new high for the week as CAD slips, US Dollar recovers. ⚡️The Canadian Dollar (CAD) saw both a new high and a new low against the US Dollar (USD) on Friday, with the USD/CAD slumping to a session...

AJack_FX Updated 

⚡️USD/CHF pulls back from the highest levels since March. Improved US Treasury yields could limit the losses of the US Dollar. US Core PCE is due on Friday, expected to reduce from 4.2% to 3.9%. ⚡️ANZ Bank report revealed that CHF has become the top-performing currency among the G10 currencies. ⚡️USD/CHF continues to retrace the gains for the second consecutive...

AJack_FX Updated 

⚡️Gold spot trims losses, trading at $1866.44, after US Treasury bond yields retract from multi-year highs, causing the USD to weaken. ⚡️US GDP for Q2 meets expectations at 2.1%, with inflation dropping to 1.7%, below the previous 3.9%, indicating economic stability. ⚡️Federal Reserve officials hint at potential further rate hikes if inflation progress stalls,...

AJack_FX Updated 

⚡️Gold prices fell for a second consecutive quarter after a decline that began in August and lasted through September, highlighted by the current week's decline - the worst in more than two years. ⚡️More significantly, gold gave up in September its hold on the key bullish level of $1,900 an ounce that the yellow metal had held since mid-August. That came after...

AJack_FX Updated 

⚡️Gold hit 6 month lows Wednesday as the $1,900-an-ounce support in place since early August crumbled amid a continued flow of investment money from the yellow metal towards the dollar and Treasury yields. ⚡️US bond interest rates increased by 4.6%, the green currency continued to receive support from the Fed, plus the fund sold off nearly 5 tons of gold,...

AJack_FX Updated 

⚡️Gold continued to fall at the opening of 2 trading sessions this morning from the price range of 1848 to 1843 and is sideways in this range. H4 chart shows that, due to the weakness of the sellers, the market still silently supports the dollar. Even if the US does not close down, the economic situation shows that the pressure from the greenback is not over...

AJack_FX Updated 

⚡️GBP/JPY is trying to break below 181.50, GBP/JPY trading into the 181.50 handle, on the low side for the week. ⚡️The Pound Sterling lost ground across the board this week after a dovish twist from the BoE. The BoJ continues to maintain their easy monetary policy stance. ⚡️The GBP/JPY is ticking into the south side of the 181.50 handle after the Pound Sterling...

AJack_FX Updated 

⚡️ Gold price (XAU/USD) drops vertically to near $1,915.00 as uncertainty over the interest rate outlook by the Federal Reserve (Fed) deepens. The upside in the precious metal remains restricted as Fed policymakers continue to maintain a hawkish stance for upcoming monetary policy meetings. Chicago Federal Reserve Bank President Austan Goolsbee said "It feels like...

AJack_FX Updated 

Gold prices see a recovery, achieving gains of 0.25%, driven by a reversal in US bond yields, with the 10-year note coupon dropping from a 16-year high of 4.51% to 4.44%. Federal Reserve officials express a cautious stance, emphasizing the need for patience despite the necessity for further rate hikes to control inflation. The US Dollar Index (DXY) continues to...

AJack_FX Updated 

⚡️GBP/USD continues the losing streak that began on September 20, trading below 1.2150 during the Asian session on Wednesday. Upbeat economic data from the United States (US) reinforces the prevailing pressure on the pair. ⚡️US Consumer Confidence released on Tuesday for September declined to 103.0 from the previous reading of 108.7 in August. While Building...

AJack_FX Updated 

⚡️The GBP/USD pair continued to struggle to gain any meaningful traction and weakened near its lowest since early June touched on Monday. Spot prices are currently trading around the 1.2380-1.2375 region and appear susceptible to an extension of the recent downward trajectory witnessed over the past two months or so. ⚡️Growing expectations that the Bank of...

AJack_FX Updated 

⚡️The US ISM Manufacturing PMI is foreseen at 47.7 in September, improving further after June’s bottom. ⚡️ISM Prices Paid Index and Employment Index could give hints about the Federal Reserve’s next steps. ⚡️The risk for a EUR/USD corrective advance increased as the pair has fallen for 11 weeks in a row. ⚡️The Institute for Supply Management (ISM) will publish the...