In this morning`s buying and selling session, international gold costs fell extra than 1%, after the United States's warm inflation record dimmed the chance that the United States Federal Reserve (FED) could quickly reduce hobby rates. World gold reversed and fell sharply after a sequence of excessive increases The Fed will input a cycle of hobby price cuts and...
Nzdusd to cut rates just two times this year and decrease the chance of easing policy in June. Investors have priced in 75% odds of a 25 basis points (bps) rate cut in June, down from 94% at the beginning of the week. The Fed is anticipated to keep the benchmark rate steady in the 5.26%–5.50% range in the March policy meeting next week. The Fed wants to see more...
The U.S. Dollar Index is coming off a three day rebound after the 1D RSI almost touched the oversold (30.000) level. Even though the 1D technical outlook is bearish (RSI = 35.930, MACD = -0.200, ADX = 51.582) this small reaction is most likely the start of a counter trend rebound like late June 2023, which reached the 0.5 Fibonacci level. Consequently we are...
Spot gold gained 0.7% to $2,172.88 per ounce. U.S. gold futures rose 0.5% to $2,176.60. The dollar index was down 0.1%, making gold cheaper for overseas buyers. “The situation for gold bulls right now is a win-win, if Fed cuts rates, gold jumps substantially, if they don’t cut rates, there will be concerns on inflation that could push gold higher,” Bob Haberkorn,...
Gold price adjusted to $2,160 after US CPI news. During the March 12 session, gold adjusted sharply down after the US CPI data was released and the precious metal is currently trading around $2,160. With the RSI indicator starting to trend downward after touching the overbought zone, XAU/USD may also correct in the near future. Gold's current support is around...
The GBP/USD retreated sharply and then bounced back after the important UK and US economic numbers. It dropped from last week’s high of 1.2892 to a low of 1.2744. It then rebounded to a high of 1.2786 ahead of key UK GDP numbers. The GBP/USD pair reacted to the mixed economic numbers from the UK. In a report, the Office of National Statistics (ONS) revealed that...
EUR/USD continues its steady decline into midweek after the release of higher-than-expected inflation data from the United States (US) reduced the chances of an early interest-rate cut from the Federal Reserve (Fed). The pair is trading in the 1.0922 at the time of publication, down from the last major peak in the 1.0981 s on Friday
The level of 1.2790 previously acted as strong resistance during consolidation. Currently, the price is testing this level with the intention of make it as new support. We are awaiting a potential buy signal on this chart.
EUR/AUD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H...
Although interest rates are still remaining high, gold prices are remaining stable and history has proven that gold prices will respond positively to lower interest rates and quantitative easing. Besides, geopolitical risks and unexpected crises can also be the reason to push gold prices higher. Despite record high interest rates, gold shows notable upside...
USDJPY is bearish on its 1D technical outlook (RSI = 41.212, MACD = -0.110, ADX = 47.052) but not only is the price making a rebound on the 1D MA200 but the 1D RSI is also staging a rebound from nearly oversold levels, much like it did on July 13th 2023. All this price action is taking place inside a long term Channel Up pattern, so this is a buy opportunity with...
Hello traders ,what do you think about EURUSD ?After the recent upward rally, this currency pair is now approaching the resistance zone, which is expected to see a reversal of the trend and a downward correction in this currency pair. If this post was useful to you, do not forget to like and comment.❤️
UK100 D1 Pushing the absolute peak of our resistance price here, trading at 7755 ish. A great reward and possible short opportunity. Don’t fix it unless it’s broken, an impulse swing entry here with stops as tight as 25 points. We have been following UK100 for some time now and this range has held for a while. Lets see what unfolds.
The level for our sell stop order is at 0.8730. There was a strong uptrend on the USD/CHF H4 chart; however, the bullish trendline has now been broken, indicating a potential sell signal. The risk-reward ratio for this trade is 1:3.
During the March 11 session, gold did not have many strong fluctuations as the market waited for upcoming news from the United States. The precious metal remained in the $2,174 - $2,184 range before ending the day at $2,183. Today, the market will receive the US CPI report, with year-on-year data expected to remain unchanged. Currently, gold is trading around...
During the March eleven session, gold did now no longer have many sturdy fluctuations because the marketplace waited for upcoming information from the United States. The valuable metallic remained in the $2,174 - $2,184 variety earlier than finishing the day at $2,183. Today, the marketplace will get hold of americaA CPI report, with yr-on-yr information...
The Bank of England will be keeping a close eye on the employment release. The BoE meets on March 21 and Governor Bailey has eased up on his pushback against rate cut expectations. If Tuesday’s employment numbers are stronger than expected, it will likely raise the odds of a rate cut later this year. In the US, Friday’s employment release was a mix. Job growth...
Here is my latest structure analysis and important key levels to watch on USDJPY. Resistance 1: 147.6 - 148.0 area Resistance 2: 149.1 - 149.4 area Resistance 3: 150.7 - 150.9 area Support 1: 145.8 - 146.4 area Support 2: 144.3 - 144.9 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️