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The Australian dollar faces downward pressure due to the strong US dollar. Australia ensures a stable energy supply for Japan, creating an investment environment in Australia. Strong US nonfarm payrolls underpinned the strength of the US Dollar (USD). Australia commits to ensuring a stable energy supply to Japan during the 5th Japan-Australia Ministerial Economic...

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USD/CAD continued its losing streak for the third straight session, trading lower around 1.3650 in early Asian trade on Monday. The pair is facing challenges due to sharp increases in oil prices, possibly due to the Palestinian-Israeli military conflict. The trendline is creating resistance at 1.36900. Set up a sell order today to make profits with Optimus

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The USD/JPY pair is facing difficulties in taking advantage of the positive movement on Friday and starts the new week with a small downward gap. Despite this, spot prices manage to recover slightly from levels below 149.00, which was the lowest point of the day. However, there is a lack of continuation due to the increasing tensions in the Middle East, which...

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Gold prices rose on risk aversion to violence in the Middle East, quickly regaining $1,850. The recovery of the US Dollar limits the rise in Gold prices while US Treasury bond yields fall. Gold prices point to sustained recovery and key US Nonfarm Payrolls data. Entry BUY: 1844-1846 ( scalping)

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⚡️Market news Gold price is about to have a new wind in the short term when the US Dollar (USD) has entered a consolidation phase after two consecutive days of downward adjustment from an 11-month peak. The soft sentiment surrounding the US Dollar can be attributed to the slightly upbeat mood during the Asian trading session this Friday, despite mixed...

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⚡️Market news The price of gold has continued its downward trend for the sixth consecutive day on Monday, as the US dollar seeks new demand amid cautious sentiment despite the US government avoiding a shutdown. The US Congress voted on Saturday to pass a temporary funding bill, with overwhelming support from the Democratic Party, to prevent a partial federal...

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⚡️Market news Gold continues to stabilize and accumulate after the US Dollar experiences some downward adjustments. However, due to the high bond yields in the United States, the Dollar still has room to maintain its high level, limiting the potential for gold price increases. The US service sector also slowed down in September, with new orders dropping to a...

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⚡️Market news Gold price is briefly coming up for fresh air, as the United States Dollar (USD) has entered a phase of consolidation after two straight days of downside correction from an 11-month top. The subdued tone around the US Dollar could be attributed to a slightly upbeat mood in the Asian session this Friday, despite mixed Chinese property market...

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The GBP/USD is currently trading around the 1.2200 level, which coincides with the Fibonacci 23.6% retracement of the recent downtrend. If the pair manages to surpass this level and establish it as a support, the next target for a potential recovery could be the 100-period Simple Moving Average (SMA) on the 4-hour chart at 1.2250, followed by 1.2300, which...

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EUR/USD dropped to a fresh 2023-low near 1.0450 on Tuesday before staging a modest rebound. After the data from the US showed that the number of job openings rose unexpectedly in August, the US Dollar extended its rally and caused the pair to turn south in the American session. The EUR/USD pair's daily chart reveals its proximity to the multi-month low reached...

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According to UOB Group's Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia, the GBP/USD is expected to trade within the range of 1.2100 to 1.2380 in the coming weeks. Looking at the 24-hour view, on Wednesday, the GBP dropped to a low of 1.2111. However, there are indications that the downward momentum is slowing down, although the weakness in...

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entry SELL 1873-1875 Today, gold is experiencing a slight rebound after a series of price declines. The current price has recovered by 0.36% and reached a trading level of 1873 USD. This is the only session where prices have increased, marking the end of trading for this week. However, negative market information and the continued strength of the USD are...

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Gold prices have fallen and are not receiving support at 1905 USD. It would not be unusual for gold to continue to retest lower levels with the outlook from the Fibonacci measurement. 1890 USD is a perfect number with strong support with the prospect of rebounding from this support level. Yesterday, as predicted, we witnessed a highly unique performance of gold...

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⚡️Market news The price of gold is continuously increasing, following a small recovery from its lowest point in three weeks at the $1,900 mark. This upward momentum has propelled the XAU/USD pair to reach a high point within the Asian session, with values ranging between $1,915 and $1,916. However, there are still uncertainties regarding whether this upward trend...

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⚡️Market news Gold prices were negatively affected by strong economic data in August despite the previous decline in the labor market. Gold held firm despite Wednesday's data on strong U.S. consumer inflation, as markets bet the Federal Reserve will keep interest rates unchanged next week. But whether gold prices can still hold $1,900 an ounce remains in...

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⚡️Market news The US Dollar is undergoing a correction from its six-month high against major currencies, as the Bank of Japan's (BoJ) stable policy brings a sense of calm and improves overall market sentiment. Investor psychology has been influenced by the hawkish stance of the Federal Reserve, indicating a 'higher for longer' interest rate outlook. The BoJ...

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Yesterday, the gold price touched 1900 and in the past, the price had reacted very strongly in this area. Gold is hitting its downside target as selling momentum dries up. On the one-hour chart, gold prices hold below the Moving Averages (EMA) of 34 and 89. Meanwhile, the Relative Strength Index (RSI) is in the bearish zone below 50, triggering bearish momentum...

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⚡️Market news A series of policy makers from the US Federal Reserve (Fed) continue to support the case for raising interest rates further as inflation remains 'too high'. As a result, caution prevails while bond yields in the US continue to bolster the prospects of the Fed's hawkish stance. Investors are also limiting large bets on major currency pairs as well as...