“The next move probably hinges on this week’s PCE Index release. Evidence of further disinflation in the U.S., which would ease fears of prices accelerating or at least re-anchoring at a higher level, would be very bullish for gold.” Gold prices hit a record high last week after Fed policymakers indicated they still expected to reduce interest by three-quarters of...
“The next move probably hinges on this week’s PCE Index release. Evidence of further disinflation in the U.S., which would ease fears of prices accelerating or at least re-anchoring at a higher level, would be very bullish for gold.” Gold prices hit a record high last week after Fed policymakers indicated they still expected to reduce interest by three-quarters of...
After analyzing options trades on CME, we found a promising opportunity to short Canadian Dollar. The option contract is for April with an expiration date of April 5, 2024. We noticed an interesting option portfolio on March 22 that aligns with the trigger level on the futures chart (refer to chart). A trigger level is a graphical pattern on the underlying asset...
Let's Find retestment area gold ON. M5 M15 looking now
Bitcoin approached its previous high again yesterday, but the closer it gets, the more pressure it becomes, so it is not recommended to continue to be bullish here for the time being. If it continues to be under pressure today, it is not ruled out that it will fall back and wash the market again, so I will consider shorting at a high level. As shown in the...
Ahead of tomorrow’s RBA Interest rate announcement I’ll be looking closely at GBPAUD, as we can see from the current GBPAUD chart from a top-down and a down-up perspective we can take note of the fact that after managing to break out of the downward retracement last month, GBPAUD mamaged to push steadily upward until reaching our 1.94150 area before “losing...
After three weeks of consolidation, USDJPY finally erupted, driven by the NFP release. This impulsive move respects the 90% rule. However, the recent price action has formed a double top pattern, suggesting a potential reversal to the downside. Based on the technical setup and potential reversal, I am biased towards a short position on USDJPY. I'm anticipating...
Dow Jones The index is drifting lower from its record high seen on Monday, but with no sign yet of a more significant move lower.The continued barrage of earnings may act to drive the price downwards, in which case last week’s lows around 37,200 may provide support. Below this, the 50-day simple moving average (SMA) becomes the next area to watch. A close back...
Eurusd relatively volatile after the latest flash manufacturing and services PMI numbers from the US and Europe. It initially jumped to a high of 1.08980 and then pulled back as traders wait for the upcoming ECB decision and US economic data. The latest numbers by S&P Global showed that European manufacturing sector continued to contract in January as companies...
Gbpusd pulled back slightly after the flash UK and US manufacturing and services PMI numbers. The pair retreated to a low of 1.2729, a few points below Wednesday's high of 1.2777. S&P Global published strong economic numbers from the United States and the UK, signaling that the two countries started the year well. In the UK, the manufacturing PMI rose from 46.3 in...
It has been an unpleasant month for oil traders. Crude oil has risen $3 this month but it's been a rough road getting there with repeated whipsaws intraday and extreme choppiness in trading. Headlines about the Red Sea have been faded over and over again despite bullish implications and fears of an OPEC breakdown remain high. However when you back it out, the...
U.Today - Ethereum finds itself shaky on the edge of a precarious position. The recent price chart indicates a concerning situation: the 100-day Exponential Moving Average (EMA), a key indicator of uptrend momentum, is under threat. If this level fails to hold, Ethereum could see its value dump to the $2,447 mark, a scenario that may well trigger a more pronounced decline.
s&pTurning to technical analysis, the S&P 500 established a fresh record in late December, only to retrench and lose its grip on the gains in the days that followed. Last week, the equity index staged a moderate rebound and tried to rally back to its recent highs but was quickly slammed unexpected lower, it's more lower expected then rise forging in the process...
Gold has bullish it's a good opportunity as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against...
US stocks climbed broadly higher on Monday, etching in fresh all-time highs as last week’s late break into record prices carried over into the new trading week, with tech stocks leading the way higher and sending the Dow Jones Industrial Average (DJIA) over the $38,500.00 valuation for the first time ever. Dow Jones ready to bullish trend The Standard & Poor’s...
Crude oil WTI) expensive prices hit a one-month high of $75.42 on Monday after it was reported that Ukraine attacked a Russian fuel terminal drones, according to reporting by the BBC and the Journal. Global energy markets continue to get unnerved by the increasing potential for supply constraints as a successful Ukraine attack on Russian oil infrastructure...
The Dollar is softer and pro-cyclical dxy fully bullish trend currencies are following the Yuan higher after news that China is preparing a CNY 2tn rescue package for the stock market. Dxy analyze FX market outlook is buy trend
EURUSD 1 hour On the 1 hour chart, we can see more closely the recent price action at the support zone and we can see that in the APAC session the price don't broke through the trendline, which might be a good omen for the sellers. In fact, if the price were to break further through the support, then the breakout would be confirmed, and the seller will likely pile...