In light of the upcoming Reserve Bank of Australia (RBA) meeting, the expected cautious approach of the central bank could act as an important contention zone for the AUD, as investors see the bank’s forward guidance to remain unchanged as well as its mention that further rate hikes should not be ruled out. It is worth mentioning that the RBA remains
Sellers in the USDCHF tried to extend it to the downside in the early New York session, but were thwarted by swing area support between 0.88187 and 0.88241. The low price reached 0.88225 before bouncing back to the upside. That move higher has now taken out the prior high for the day at 0.8854 and now looks toward the high price from last week and Friday trade at...
GBP/USD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. AUD/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the...
Monday that the price action looked bullish and the support at $1.2839 looked strong, so I was seeking a long trade from a bullish bounce off this level. However, my analysis was not effective, as the price headed down to $1.2839 but kept going lower without The price has taken more of a bearish turn over the past few days, with the US Dollar getting stronger at...
Monday's trading, NZD/USD remained largely unchanged around 0.6084 while the pair showed ongoing sell-off pressure. However, subtle hints of an imminent near-term reversal are beginning to show up on the hourly chart as bears may step out to consolidate their movements
The GBP/USD pair continued to rebound after the latest UK GDP numbers showed that the economy returned to growth
All up, these numbers probably won’t shift the dial on interest-rate expectations, with the first reduction now thought likely to be in June. However, they do underline that the inflation threat remains visible and that near-term rate reductions of any kind can’t be seen as certain yet. Some expected early rate cuts at the start of this year. Now the second half...
eurusd price actions from 1.1274 are viewed as a corrective pattern to rise from 0.9534 (2022 low). Rise from 1.0442 is seen as the second leg. While further rally could cannot be ruled out, upside should be limited by 1.1273 to bring the third leg of the pattern. Meanwhile, sustained break of 1.0696 support will argue that the third leg has already started for ...
price revisited the $64,800 level, dipping below $65,000, for the first time since March 6, on Binance. BTC’s price correction was a significant one as it liquidated several long and short positions in derivatives markets. While $125 million in long positions were liquidated, $27.68 million in shorts were crushed by the asset’s recovery, according to CoinGlass...
London’s gold price benchmark hit an all-time high of $2150.03 per troy ounce at an afternoon auction on Monday “This rally in gold was triggered by the softer-than-expected U.S. data and the pullback in real rates... but there has been a general bias to buy dips and a positive underlying investor sentiment towards gold that has also made the market vulnerable to...
As the gold market is expected to consolidate around its recent record highs, investors are finding value in other areas of the precious metals market as it could be silver’s turn to run, according to some analysts. While relatively calm; however, there are some signs investors are finally paying attention to the market as the gold/silver ratio looks to end the...
In contrast, the well-known hawk Klaas Knot mentioned June as the most likely meeting with another two cuts favoured in September and December but also opened the door to cuts before June if the data justifies the need for one. Closer to the center of the spectrum, Villeroy and Wunsch communicated a cautious approach ought to be adopted and the governing council...
BTC hit 67000 but another target 90000 We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind
The U.S. dollar index headed for its largest weekly gain since mid-January, making gold more expensive for overseas buyers. “We increase our average gold price forecast for 2024 from $2,095/toz to $2,185/toz, targeting a move to $2,300/toz by year-end,” Goldman Sachs wrote in a note
Usdjpy that continues to see a lot of upward pressure due to the interest rate differential between the United States and Japan. I think that continues to be the story here. And therefore, you need to look at it through the prism of a market that is going to take advantage of that. I think you continue to get paid to hang onto this pair. And I think most big...
The USD/CAD pair builds on the previous day's strong move up and climbs to a one-and-half-week high, closer to mid-1.3500s during the early part of the European session on Friday. Crude Oil prices stand tall near the YTD peak in the wake of a sharp decline in US inventories, drone strikes on Russian refineries and a rise in energy demand forecasts. This, in turn,...
GBP/USD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
The price then topped out at around $0.6652 a couple of days later, and then went on to print lower resistance at $0.6633 with the price consolidating between there and $0.6591 The price action looks very flat, and it is hard to see the next major directional move. I do not have a directional bias. I see the best approach here today as scalping reversals from...