The recent release of the US Nonfarm Payrolls report for March has sparked significant movements in the EUR/USD currency pair, with implications for traders and investors worldwide. This article provides a comprehensive analysis of the key factors driving these fluctuations and offers insights into potential future trends in the forex market. US Nonfarm Payrolls...
As the NZD/USD pair hovers around 0.6042, traders are closely monitoring its price action amid a backdrop of technical indicators and impending fundamental events. Recent movements suggest a potential continuation of the bearish trend, characterized by a convergence of factors including Fibonacci levels, RSI divergence, and a looming RBNZ meeting. The NZD/USD...
XAUUSD Strong Report A surprisingly strong jobs report could signal a resilient economy, leading the US central bank to hold off on plans to ease interest rates imminently This scenario should be down for the US dollar but is likely to put downward pressure on precious metals like gold and silver
There simply wasn't enough investor demand This lack of interest was probably due to the hope that inflation would slow bullish quickly and the economy would not suffering
Hello traders, 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. Wish you many pips Good luck
#XAUUSD UPDATE Hey team hope you all are enjoying our ideas and analysis. We are here to discuss about XAUUSD. XAUUSD is exactly on the way as predicted. Here still we can see a good bullish wave as getting a good volume behind this. Soon we can see price around 2500. Keep in touch we will update further soon.
🔨 EURUSD is breaking the 🔴 Resistance zone($1.0848-$1.0840) 🔴. 🌊According to the theory of Elliott waves , EURUSD seems to have completed the corrective waves and is now ready for the next five impulsive waves . 🔔I expect EURUSD to go UP at least the 🟣 Yearly Pivot Point 🟣 after breaking the Resistance line and ⚔️ Attacking ⚔️ the upper Resistance...
World gold prices increased slightly with spot gold increasing by 5.7 USD to 2,337.4 USD/ounce. Gold futures last traded at 2,358.4 USD/ounce, up 13 USD compared to yesterday morning. World yellow metal prices continued to conquer new records at the beginning of the week, boosted by central bank purchasing activities in Asia. Previously, spot gold price hit a new...
No change in GBP/USD’s outlook and intraday bias stays neutral. On the downside, decisive break of 1.2517/31 support zone will suggest that rise from 1.2032has completed at 1.2891already, and turn near term outlook bearish. On the upside, however, firm break of 1.2672 will suggest that fall from 1.2892 has completed at 1.2537 Intraday bias will be turned back to...
Gold should remain supported as we head into the easing cycle but a more hawkish Fed could weigh on it in the short term In fact we can say that the gold support leve 2320 zone bullish area target is 2370-2380 will likely decide its fate as strong data should trigger a hawkish repricing in the markets and weigh on theprice in the short terms while
Gold has been rallying non stop lately for no clear reason as the name usual inverse correlation with real yields broke down There are talks of heavy central bank buying with China being at the forefront as it might be looking to de risk from US Treasury bonds In the big
The US dollar eased slightly after the US published strong jobs numbers on Friday. According to the Bureau of Labor Statistics (BLS), the economy created over 303k jobs in March, higher than last month’s 270k. The figure was higher than the median estimate of 212k. Additional data revealed that the unemployment rate retreated from 3.9% to 3.8% while the...
Gold gathered bullish momentum and climbed to a new all-time high above $2,320 on Friday. Although the upbeat March jobs report from the US helps the USD find demand, XAU/USD continues to benefit from escalating geopolitical tensions. Gold price (XAU/USD) drifts lower for the second straight day on Friday and maintains its offered tone through the early part of...
Dollar Index Spot Exchange Rate Chart Real time Dollar Index Spot chart. It presents a vast range of technical indicators (over 70) as Linear Regression, CCI, ADX and many more. You can detach the chart and see it full screen. And also you could choose over 1000 charts in real-time with Interbank rates (including Commodities and Indices, 22 different time frames...
The EUR/USD pair surged with bullish momentum during Wednesday's session, propelled by a robust bullish impulse. However, the price has now entered a potential reversal zone, characterized by a Double top formation on the H1 timeframe. Additionally, on the H4 chart, the price has reached the 61.8% Fibonacci level, accompanied by overbought conditions and...
Gold fell back after an unsuccessful attempt to stabilize above $2,300. Traders withdrew some profits after the strong rally. Gold is still in an overbought state so there may be more downward momentum in the near future. Prediction information from Nonfarm is currently inconsistent on one side when the Average Income Index / Hour is growing strongly at 0.3% but...