Analysis: Factors Driving Gold Prices Up Here is why we think it will go up (FUNDAMENTAL ANALYSIS) Weak NFP Report and Potential Fed Rate Cuts: The recent Non-Farm Payrolls (NFP) report came in weaker than expected, signaling sluggish job growth in the United States. This unexpected weakness has raised speculation that the Federal Reserve may consider...
Hello traders, FX:AUDUSD I have determined the formation target on the chart. I wish everyone success. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Thank you for considering my analysis and perspective. Good luck
#XAU/USD #Analysis Description --------------------------------------------------------------- + GOLD price is currently trading inside the triangle and the price has been ranging since May + I'm expecting the price to break downwards as the overall trend on lower timeframe is bearish. + We have good opportunity for a short trade here....
Here's an intriguing observation I'd like to discuss. The increasing number of diamond 💎💎 alerts serves as a warning sign indicating an imminent significant market move. - What is the US2M? The M2 money supply is a measure of the total amount of money in circulation within an economy that includes cash, checking deposits, savings deposits, and other liquid...
It's essential to understand that gold prices are influenced by a myriad of factors, including economic data and central bank policies. Recently, the Non-Farm Payrolls (NFP) report, a key indicator of economic health in the United States, came in weaker than expected. This unexpected weakness in job creation has led to speculation that the Federal Reserve may be...
The price of gold witnessed a reversal in trend during Monday's Asian session, halting a two-day losing streak. Weaker-than-expected US employment reports bolstered the likelihood of a September rate cut by the Federal Reserve. Consequently, the US dollar declined while dollar-denominated gold rose. Upon reviewing the daily chart, I observed sellers rejecting...
Here I have AUD/USD on the Daily Chart! Since the Low in April, Price for AU has been on a Bullish Run! I believe the Resistance Level it has been struggling with all year may be coming to BREAK soon!! On the tail of LOWER than expected NFP numbers for USD last week AND word that the RBA may be needing to look to INCREASE INTEREST RATES .. We could see MUCH...
This week, the Japanese Yen is poised to deliver a remarkable performance against the US Dollar. The Yen has surged by over 3% following Japan's intervention to bolster the currency and the Federal Reserve's less hawkish tone. Around 152.00, not only is there a crucial level, but the 55-day Simple Moving Average (SMA) is also nearby, along with a long-term...
Preferred direction: BUY Comment: Before the Fed meeting on major currency pairs, a rather uncertain situation has developed, and the best option will most likely be to refrain from trades and make a decision on entry after the interest rate decision. However, the most likely scenario is in favor of buyers. At the moment, the best option would be to look for...
Preferred direction: BUY Comment: The British currency continues to struggle at the level of 1.25000 , and despite everything, so far everything is working out more in favor of the buyer. The week is filled with events and here, just like in the euro, you need to be ready to change your original plan. The most likely scenario is a breakout of the level of ...
Preferred direction: BUY Comment: At the beginning of the new week, the euro remains on the buy list, especially if we are talking about the prospect of 1-3 days (before the Fed meeting on Wednesday). This event, as well as the NFP , forces one to be as flexible as possible and be prepared for changes in trading plans at the beginning of this week....
The British is in positive territory on Friday. GBP/USD is trading at 1.2555, up 0.16% at the time of writing. The service sector accelerated in April, as the Services PMI rose to 55.0, up from 53.1 in April. This was the strongest level since May 2023 and services has shown growth for six straight months, with readings above the 50 level. The PMI survey noted...
Preferred direction: SELL Comment: Previous trading ideas for this currency pair worked perfectly, and, as expected, the resistance level of 1.64767 has stopped buyers. At the moment, the probability of resuming the downward movement is high. An increase towards 1.65500 is not excluded within the framework of scenario №2 . However, the more likely ...
ANALYSIS ON FED STANCE Powell has consistently indicated that interest rate decisions would hinge on economic data, a stance reaffirmed by the unchanged rates in the latest policy announcement. Despite the Fed's clarification that rate cuts are unlikely until there is more certainty that inflation is consistently heading towards the 2% target, some still question...
EUR/USD witnessed a significant rebound on Thursday, returning to the upper end of recent consolidation above the 1.0700 level as market sentiment stabilized ahead of another US Nonfarm Payrolls Friday. The pair faces initial resistance at the weekly high of 1.0750, followed by key levels such as the 200-day SMA at 1.0798 and the April peak of 1.0880. On the...
It has been a remarkable week for the yen, which has exhibited sharp swings throughout the week. The Japanese yen fell as much as 1% earlier and on Thursday but has pared most of those losses. USD/JPY has risen 0.38% to 155.19 at the time of writing. Japan suspected of intervention In the Asian session, the yen fell as low as 157.55 but then recovered to...
Preferred direction: SELL Comment: A busy middle of the week, during which we expect large statistics on production and the US labor market, and at the very end we expect the announcement of the Fed interest rate. In addition, we will find out the Fed's prospects for the near future. Against this background, US dollar shorts still look better, at least in...
Here I have EUR/USD on the 4Hr Chart! Since the LOW on Apr' 16th, Price has been traveling in what looks to be an Ascending Channel! Price today was unable to make a NEW HIGH to give us another test of the Rising Resistance and instead gave us quite the drop out of the Ascending Channel! With this break, I believe multiple confirmations are pointing to this...