RalphBenjaminTrading

RalphBenjaminTrading Updated 

Hi everybody! Now, EUR/USD continued its losing streak for the sixth straight session on Tuesday, hovering near 1.0620 during Asian trading hours. Strength in the US Dollar (USD) puts pressure on the EUR/USD pair, possibly boosted by rising US Treasury yields. Additionally, stronger-than-expected Retail Sales data from the US raised expectations that the Federal...

RalphBenjaminTrading

Hi everybody. Nice to meet you again to discuss and strategize with you today! Overall, the movement of EURUSD completely meets my needs. After the head and shoulders formation, the price has broken out of the bullish and bearish channel up to now. It is currently in the process of recovering and consolidating above the 1.0600 level. With the possibility of wave...

RalphBenjaminTrading Updated 

GBP/USD traded slightly lower on the day below 1.2450 during the early European session on Tuesday. Data from the UK showed that the ILO Unemployment Rate in February rose from 4% to 4.2%, putting pressure on the British Pound. Later in the day, Fed Chairman Jerome Powell will speak on the economic outlook and monetary policy. Investors will also closely monitor...

RalphBenjaminTrading Updated 

Hello wonderful friends of Ralph Benjamin! International market information today: Gold prices increased again in the context of escalating geopolitics, especially in the Middle East. It is currently trading steady around the $2,370 mark, marking a 0.58% drop on the day. Overall, geopolitical uncertainty surrounding the growing chaos in the Middle East has...

RalphBenjaminTrading Updated 

Hello dear traders! The Japanese Yen remains near multi-decade lows amid BoJ's dovish outlook. Bets on a Fed rate cut will lift USD to new year-to-date highs and provide further support for USD/JPY. Intervention concerns and softer risk levels could help limit deeper losses in the safe-haven JPY. On the other hand, the US Dollar (USD) extended its recent upward...

RalphBenjaminTrading Updated 

Hello dear friends! Let's review and strategize with me today! According to Kitco, the world gold price recorded today is around 2,380.95 USD/ounce. Today's gold price is 37.66 USD/ounce different from yesterday's gold price. Safe-haven demand due to concerns about escalating tensions in the Middle East continued to provide a boost to the yellow metal in the...

RalphBenjaminTrading Updated 

Hello wonderful friends of Ralph Benjamin! Overall, gold prices have recovered strongly, opening at $2,361 per ounce - up $17 from last week's closing price. This rise continues on the basis of high interest in gold as a hedge asset. Amid geopolitical and economic issues, gold could theoretically continue to grow. The technical chart shows that gold remains...

RalphBenjaminTrading Updated 

Hello dear friends! In general, last week gold experienced quite strong fluctuations affecting gold and currency pairs. Let's discuss and strategize for the new day with me. From now until the end of the week, there will basically not be as much important information as last week. From the 1-day chart, it can be seen that at the close of the candle last Friday...

RalphBenjaminTrading Updated 

Hello all dear friends! Overall, gold experienced a significant price increase yesterday surpassing the $2,355 level. It is currently trading at a new high of $2,388 at the time of writing, experiencing significant gains of tens of dollars on the day. Do you wonder why gold increased so strongly? Regarding international market information: In the context of...

RalphBenjaminTrading Updated 

Hello everyone, nice to meet you again to discuss and plan your EUR trading strategy today! About impact news: EUR/USD is oscillating in a narrow range near 1.0750 in Thursday's European morning. The pair consolidates hot US CPI data-led losses, as traders refrain from placing fresh bets ahead of the ECB policy announcements, US PPI data and...

RalphBenjaminTrading Updated 

Hello everyone, let's discuss and strategize our new day! Overall, GBPUSD experienced significant volatility over the past day with the downside breaking through the upside channel at 1.2676. It is currently trading at 1.2551, after touching 1.2520, marking a 0.09% gain on the day. On impact news: The British Pound fell late Wednesday in North American trading,...

RalphBenjaminTrading Updated 

Hello traders, let's discuss and strategize our new day! On international market news: GBP/USD maintained its position in positive territory, fluctuating around 1.2650 during the Asian session on Tuesday. The pair gained ground on improved risk appetite ahead of Consumer Price Index data expected on Wednesday. The US Dollar (USD) faces challenges amid volatile...

RalphBenjaminTrading Updated 

Hello traders, let's discuss and strategize our new day! Overall, XAUUSD continues to grow at high levels, with trading activity across most timeframes, suggesting a very positive bullish outlook. So do you wonder why gold increased so strongly? About impact news on April 10: -Fed meeting minutes and consumer price index data will be published on April...

RalphBenjaminTrading Updated 

Hello dear traders! Overall, XAUUSD experienced significant fluctuations yesterday, the price reached the 2354 level and retraced. But! As of now the market has quickly bought back the dip (making the 2350-2354 resistance level an interesting resistance between sellers and buyers). Breaking above this resistance mark will cause the market to rebound following the...

RalphBenjaminTrading Updated 

Ralph Benjamin, hello everyone! Thus, after a long period of decline, EURUSD ended the week with an increase, currently trading at 1.0836. It can be seen on most timeframes that the EU is achieving significant gains, indicating a very positive outlook for price growth. With the EU continuing to trade steadily at these high levels, it is likely that the 1.082...

RalphBenjaminTrading Updated 

Hello EUR traders, what do you think about the direction this volatile currency will take next? Overall, EURUSD remains positive in a 2-hour parallel rising channel. It is currently consolidating around 1.0855 as of press time, after touching 1.0863, marking a 0.03% decline on the day. So what reasons and factors are driving this currency pair? In terms of...

RalphBenjaminTrading Updated 

Hello traders, come discuss and strategize with me today! Overall, GBPUSD has undergone a significant correction (as shown on the 3M chart) with the price falling above the 1,450 level. It is currently trading at a new high of 1,257 after touching 1,038, marking a gain of nearly 27%. As RalphBenjamin mentioned in the analysis, GBP is currently in a correction...

RalphBenjaminTrading Updated 

Dear friends, at the beginning of the new week's trading session, the price of gold fell exactly as I expected and quickly bought back the decrease at this high level. The uptrend still seems clear on the 1-hour chart. You may wonder why the price has increased so sharply. Regarding international market information: -Expectations that the Federal Reserve...