Darius_trader

Darius_trader Updated 

Greetings, readers! Greetings, everyone! The price of gold yesterday experienced minimal fluctuations, trading between $1,820 and $1,830 per ounce. Presently, gold is being traded at around $1,827 per ounce - the same as the previous day. Following an extended period of upward momentum, the USD Index has now reversed its course and is declining. Consequently, the...

Darius_trader Updated 

Greetings, Darius and everyone! The EURUSD pair is experiencing notable advancements today, currently being traded at 1.0522. This positive movement can be attributed to the encouraging HCOB Purchasing Manufacturing Index (PMI) from Eurozone, which was released on Wednesday and is likely to offer support for the Euro. The report indicates that the composite PMI...

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Hello everyone, this is Darius! GBPUSD experienced a significant increase during yesterday's trading session. This is considered a strong recovery from the previous sideways movement around the 1.205 level. The closely monitored NFP report in the United States will play an important role in influencing market expectations regarding future interest rate hikes by...

Darius_trader Updated 

Greetings, everyone. The USDJPY experienced a slight downward adjustment today, reaching the level of 148.50. However, there are no signs yet of a significant price breakthrough or trend reversal. The USDJPY is still within its potential upward trend on the D1, W1, and H4 time frames, indicating that the bullish trend remains well supported. Given the current...

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Hello everyone! The Australian Dollar (AUD) displayed positive momentum, continuing its ascent following the previous session's increase as predicted earlier. The Australian currency pair received bullish support due to a correction in the US Dollar (USD) caused by a decline in US Treasury yields. Currently, it is trading at 0.636. After upbeat US jobs data on...

Darius_trader Updated 

Greetings, everyone! At present, the Australian Dollar is experiencing downward pressure owing to a positive risk sentiment and the strength of the US Dollar (USD). Moreover, following the interest rate announcement by the Reserve Bank of Australia (RBA) on Tuesday, the currency pair has weakened. If we examine the AUDUSD chart, it has now declined to 0.630...

Darius_trader Updated 

Let's explore today's market with Darius! Today, GBPUSD decreased by 0.03% to 1.206 USD, reaching its lowest level in the past seven months from the previous session at 1.205 USD. Although GBPUSD is currently moving sideways after the decrease, the downward trend still dominates across different time frames. Therefore, there is a possibility that the price will...

Darius_trader Updated 

Hello everyone! At present, the Euro is making efforts to rebound following a recent drop to its lowest level in several months, falling below 1.0450. A thorough analysis of the one-day chart reveals a distinct downward trend, breaking through previous gains and support levels, although there has been some temporary recovery. However, the overall outlook suggests...

Darius_trader Updated 

Hello everyone! Today, let's delve into the topic of Gold with Darius... The price of gold on the global market has experienced a slight decline, dropping by 5.3 USD to reach 1,823.1 USD per ounce. This decrease can be attributed to two main factors: the strength of the US dollar and an increase in US Treasury bond yields, which have reached their highest level...

Darius_trader Updated 

Darius greets everyone. Yesterday, gold continued to decline as predicted. Strong labor market data allows the Federal Reserve (Fed) to continue raising interest rates without causing unemployment rates to rise too much. Currently, the federal funds rate (FFR) is at its highest level in 22 years: 5.25%-5.5%. The Fed may raise interest rates again in...

Darius_trader Updated 

Hello everyone! Darius is thrilled to reconnect with all of you and engage in today's discussion. During the previous trading session, there was a minor adjustment observed in the USDJPY pair. Despite this, the upward trend remains strong as the price consistently corrects itself to reach new highs. Currently, there has been an upward correction and the pair is...

Darius_trader Updated 

Shall we delve into the world of GBPUSD trading with Darius during this weekend's session? The GBPUSD market experienced a slight rebound following months of continuous decline, closing just above 1,220. However, the pair is still grappling with the pressures of a prevalent downtrend. In addition, inflation remains a major concern for both the Bank of England...

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Let's delve into today's market! During the recent trading session, Audusd moved around the range of 0.6429. Taking a technical perspective, let's examine the D1 chart. We observe that this currency pair has been affected by a peak formation, leading to a subsequent decline. At present, it is moving in a sideways manner within a particular range. Should this...

Darius_trader Updated 

Hello everyone, let's join Darius to explore this week's trading session! The price of gold worldwide continued to show its decline at around $1843 in the beginning of the week. Gold has been continuously plummeting since the Federal Reserve kept interest rates unchanged during their September policy meeting and reiterated that rates will remain higher for a...

Darius_trader Updated 

The global price of gold has experienced a significant decline, dropping by $21.3 USD to reach $1,828.4 USD per ounce compared to the previous morning. The primary reasons for this decrease are the strengthening of the US Dollar, which has reached its highest level in 10 months, and the increase in yields on US Treasury bonds, which have hit a 16-year high. These...

Darius_trader Updated 

On Tuesday, the Australian Dollar (AUD) experienced further losses due to a surge in the US dollar (USD) and US Treasury bond yields. Furthermore, there is added pressure on the AUD/USD pair ahead of the Reserve Bank of Australia's (RBA) interest rate decision. Currently, this pair is being traded at 0.634. In their upcoming policy meeting on Tuesday, it is...

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The USD/JPY currency pair has experienced a surge, reaching its highest level in 11 months, with a current value of around 149.90. This upward trajectory is attributed to the US Dollar (USD) benefiting from reduced investor demand and an increase in risk appetite. Consequently, money has been flowing into the USD, which is considered a safe-haven currency. In...

Darius_trader Updated 

Hello everyone! Darius is delighted to meet you all again to discuss today's Gold market. The price of gold continues its downward trend, currently trading at $1821, reaching its lowest level in months. From a technical perspective: Looking at all timeframes, the gold price still favors its downtrend with minor increases in the short term, but nothing...