Larissa-Trader

Larissa-Trader

Gold exhibited positive momentum during early Monday trading in the Asian market. The consolidation of the US Dollar provided some support for the precious metal. However, the higher yields on US Treasury bonds may limit gold's upward movement in the next session. The XAU/USD is currently trading around $1,940, marking a 0.22% increase for the day. The daily...

Larissa-Trader

The Japanese yen faced rapid depreciation today, approaching levels not seen in 33 years, following signals from Federal Reserve Chairman Jerome Powell that interest rate hikes may continue amid concerns about persistent inflation. The yen traded at 151.44 against the US dollar, showing a slight 0.06% increase from the previous session. On Thursday, Powell...

Larissa-Trader

GBP/USD extends its slide below the 1.2200 level in early US trading. UK GDP data reveals a better-than-expected 0.6% year-on-year growth in the third quarter. However, these figures fail to propel the currency pair as investors await next week's key data for clearer direction. The ascending trendline, the Fibonacci retracement level of the latest downtrend, the...

Larissa-Trader

Gold prices continue their downward trend as the U.S. market opens, with XAU/USD trading at a new 4-week low near $1,940. Despite weak demand for the U.S. dollar, the precious metal is poised to end the week with a significant decline. The daily chart of XAU/USD indicates a bullish attempt as the pair aims to surpass the 23.6% Fibonacci retracement level of the...

Larissa-Trader

On Thursday, November 9, the world's leading cryptocurrency, Bitcoin, rapidly surged above $37,000, approaching the $38,000 mark, marking its first such increase in 18 months. The remarkable 5.69% growth in less than a day (adding $2,000 to its price) is attributed to analysts at Bloomberg anticipating that the U.S. regulatory agency, the SEC, will face a "short...

Larissa-Trader Updated 

Gold prices have rebounded from their lowest level in three weeks, trading around $1,960 per troy ounce in the Asian trading session on Friday. Gold prices continue to rise, defying the strength of the US dollar (USD) and the high yields on US Treasury bonds due to hawkish comments from Federal Reserve Chairman Jerome Powell on Thursday. Chairman Powell expressed...

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The EUR/USD exchange rate remains at a low level and is currently hovering near the weekly bottom, just above the 1.0600 mark. The US Dollar stands firm, nearing its highest level in a week reached on Thursday in response to hawkish comments from some FOMC members, and this has emerged as the key factor exerting pressure on the EUR/USD pair. It endeavors to hold...

Larissa-Trader Updated 

The GBP/USD pair entered a consolidation phase on Friday, trading within a narrow range around the 1.2220-1.2225 region, just above the one-week low touched during the Asian trading session. What are your thoughts on this currency pair?

Larissa-Trader Updated 

On Thursday, Bitcoin prices experienced a sharp rally, reaching a new 18-month high of around $17,999 before returning to $36,419. BTC/USD continues to trade within the confines of an upward channel on the 60-minute chart. The price of the leading cryptocurrency is currently trading above several levels of the 100-hour moving average. As a result, Bitcoin has...

Larissa-Trader

Immediate support is now visible at the horizontal 200-day SMA at $1,935, below which the confluence of the 50-day and 100-day SMAs around $1,925 will come into play. Daily closes below this level would initiate a new downward trend towards the January 16th low of $908. In an attempt to recover, gold buyers have reclaimed the 21-day SMA at $1,964 on a sustainable...