Aretha_ALL

Aretha_ALL Updated 

GBP/USD closed at around 1.2200 on Thursday, marking its highest level in a week. This rise was supported by the Bank of England's decision to maintain interest rates and further bolstered by a weaker US Dollar. DXY weakened amid risk appetite in the market. The US employment report, scheduled for Friday, is poised to provide additional market direction. The...

Aretha_ALL Updated 

The EUR/USD exchange rate paused after reaching 1.0667 but remained above the crucial support level of 1.0600 in the early Asian trading session on Friday. The decrease in US Treasury bond yields and the US Dollar (USD) correction provided some support for this pair. The 10-year Treasury bond yield dropped to 4.66%, the lowest since October 13. Traders are...

Aretha_ALL Updated 

On Thursday, Bitcoin resumed trading around $34,316 before bouncing back to approximately $34,860. The leading cryptocurrency appears to be trading within a descending channel pattern on the 60-minute chart. The late recovery on Thursday aided BTC/USD in rebounding above the 100-hour Moving Average. Consequently, Bitcoin avoided entering oversold territory as per...

Aretha_ALL Updated 

Technical analysis of the daily chart indicates a outlook ranging from neutral to bullish for XAU/USD, suggesting a decrease in the upward momentum as the metal seems to be readjusting its overbought conditions after touching the $2,000 mark last week. With a relatively flat slope above the midline, the Relative Strength Index (RSI) suggests a period of stability...

Aretha_ALL Updated 

GBP/USD dipped below 1.2100 and then rebounded to 1.2150 following the FOMC meeting and Powell's press conference, fueled by the weaker US Dollar. Attention has now shifted to the Bank of England, where interest rates are expected to remain unchanged. The Relative Strength Index (RSI) on the 4-hour chart continues to hover near the 50 mark, indicating indecision...

Aretha_ALL Updated 

Bitcoin, after hovering below $30,000 for over two months, has experienced a substantial 30% surge in the past two weeks. This impressive rally propelled the world's largest cryptocurrency to nearly $34,700, a level unseen since May 2022. As of the current update, Bitcoin is valued at $35,787, marking a significant increase since mid-October when it was trading...

Aretha_ALL Updated 

In the early Thursday Asian trading session, the EUR/USD pair surged above 1.0580. The weakness in the US Dollar (USD) following the Federal Open Market Committee's (FOMC) policy meeting provided some support to the major currency pair. Currently, EUR/USD is trading around 1.0597, showing a 0.26% increase for the day. During the FOMC meeting held on Wednesday,...

Aretha_ALL Updated 

In the early hours of Thursday's Asian trading session, the price of gold (XAU/USD) exhibited a modest recovery, bolstered by the decline in interest rates from the US Treasury bonds following the Federal Open Market Committee's (FOMC) policy meeting. At the time of writing, gold was trading higher on the day at $1,985. Meanwhile, the US Dollar Index (DXY),...

Aretha_ALL

GBP/USD found support around 1.2120, but the recovery faltered near the 1.2150 level. The US Dollar strengthens despite risk appetite, driven by the Federal Reserve's decision, supported by higher Treasury yields. The Relative Strength Index (RSI) on the 4-hour chart remains below 50, and GBP/USD closed the last 4-hour candle just below the 20-period Simple Moving...

Aretha_ALL

EUR/USD remains on the defensive below the 1.0600 level in Wednesday's Asian trading. The pair weakens amid a cautious risk tone, while the US Dollar stands firm ahead of the Fed's interest rate decision and crucial US employment data. On the daily chart of EUR/USD, the price once again oscillates near the 55-day Simple Moving Average (SMA). The pair attempts to...

Aretha_ALL

Bitcoin's price hovers above the crucial support level of $33,901, sending mixed signals at the moment. Despite the overall consensus following a 35% surge over the past two months that BTC might experience sideways movement or corrections as the market cools down, optimism remains high. This optimism is grounded in the potential approval of a Bitcoin ETF. This...

Aretha_ALL

Gold initially surged above $2,000 in the early US trading session but failed to sustain the upward momentum. With the US Dollar outperforming its major counterparts ahead of the highly anticipated Fed policy announcements on Wednesday, XAU/USD retreated to $1,990. The metal traded close to its weekly low of $1,986.61 on the second consecutive day of declines. The...

Aretha_ALL Updated 

Gold recently experienced a downward correction following last week's surge, dropping to $1,990 on Monday. However, due to fresh selling pressure on the US Dollar, XAU/USD reversed its course, reaching the $2,000 mark and recovering most of its daily losses. Although trading slightly lower, the daily chart indicates a swift rebound from the intraday low of...

Aretha_ALL Updated 

EUR/USD continues its upward momentum, reaching a six-day high at 1.0630. Improved risk sentiment and stable bond yields are pressuring the US Dollar. On Tuesday, as the FOMC meeting kicks off and the Eurozone releases inflation data, the common currency faces a critical juncture. The daily chart of EUR/USD shows a lack of clear direction, indicating the pair...

Aretha_ALL Updated 

The approach of Bitcoin toward the $35,000 mark has stirred optimism among investors, with recent surges delivering substantial profits. While many are eager to jump in, some analysts suggest stepping back and waiting until mid-December. Bitcoin has witnessed a remarkable 35% price increase over the past six weeks, trading at $34,747 at the time of writing. This...

Aretha_ALL Updated 

GBP/USD surged in the US trading session, reaching its highest level since last Wednesday, surpassing the 1.2170 mark. The pair was bolstered by a weaker US Dollar on Monday, as market participants await US employment data along with Fed and BoE meetings. The Relative Strength Index (RSI) on the 4-hour chart remains below 50, and GBP/USD closed the last 4-hour...

Aretha_ALL Updated 

Gold prices entered a consolidation phase at the start of the new week after surging to a five-month high of $2,009 last Friday. The market remains cautious amid escalating tensions in the Gaza-Israel conflict and upcoming key central bank meetings. Despite the ongoing bullish momentum, gold experienced a remarkable recovery, surpassing the crucial $2,000 mark on...

Aretha_ALL

The GBP/USD pair continues to grapple for meaningful momentum, hovering around the 1.2100 mark during Monday's Asian trading session. Traders appear reluctant, opting to wait on the sidelines ahead of crucial central bank events this week, notably the highly anticipated FOMC decision on Wednesday, followed by the Bank of England (BoE) meeting on Thursday. The...