The sharp move higher in Treasury yields and the dollar yesterday resulted in a steep drop in gold. Of note, the fall took out the January low as well as the $2,000 mark. But at least for the time being, buyers are able to hang on as the 100-day moving average (red line) at $1,989.80 is
Update for the yesterday's setup on EURUSD. The price successfully violated a key horizontal daily support and closed below that. We can anticipate a further decline. Next support - 1.067 ❤️Please, support my work with like, thank you!❤️
EUR/USD news to watch will be the second estimate from Europe. Economists expect the data to show that the economy stalled in Q4. Eurostat will also release the latest weak industrial production data. The EUR/USD pair made a strong bearish breakout this week. It moved below the lower side of the bearish flag pattern. The pair also retreated below the support at ...
The GBP/USD pair retreated slightly after the latest US inflation data. According to the Bureau of Labor Statistics (BLS), the headline Consumer Price Index (CPI) rose by 3.2% in January, higher than the expected 2.7%. Core inflation rose by 3.8%, higher than the expected drop to 3.6%. These numbers mean that inflation is still high in the country and that it will...
The GBP/USD pair retreated slightly after the latest US inflation data. According to the Bureau of Labor Statistics (BLS), the headline Consumer Price Index (CPI) rose by 3.2% in January, higher than the expected 2.7%. Core inflation rose by 3.8%, higher than the expected drop to 3.6%. These numbers mean that inflation is still high in the country and that it will...
GBPAUD may retrace from a key horizontal resistance. After an impulsive yesterday's movement, the pair became overbought and formed a double top pattern on an hourly time frame. I expect a bearish move to 1.946 ❤️Please, support my work with like, thank you!❤️
If they stay higher for longer, it could chase out some springtime home buyers and put a fresh chill on the market. Moreover, Canada's broader economy isn't weathering high rates as well as the US Prolonging high rates could lead to a rougher recession or . if Canada cuts and the US keeps rates high -- open up wider rate differentials. That's something that could...
Hello traders ,what do you think about EURUSD?Today, the data of Germany's ZEW and CPI of America are published, both of which have an impact on the movement of this currency pair. This currency pair is expected to drop at least to the specified levels after a corrective move to the specified resistance zone. If this post was useful to you, do not forget to like...
Hello traders ,what do you think about EURUSD? This currency pair is moving in a descending channel and has reached the support zone with the recent drop. It is expected to correct from this support zone to the specified zone and then fall to the specified level and the bottom of the descending channel If this post was useful to you, do not forget to like and comment.❤️
Gold fell in price in the first half of the day, rebounding slightly before Wall Street opened but continuing to decline afterward. XAU/USD trades near a new February low at $2,011.97 despite reduced USD demand. In the absence of much important data, the focus lies on the speeches of Federal Reserve (Fed) officials. Central bankers continued to point out that...
On the 1 hour chart, we can see more closely the recent price action with the pair ranging between the 1.2612 support and the 1.2643 resistance. We can notice that the price has already broken the triangle to the downside, but we will need also a break below the support zone to confirm the breakout. Watch out for the data today as it will add extra confirmation...
EUR/USD’s consolidation from 1.0722 is still extending and intraday bias remains neutral. While stronger recovery cannot be ruled out, outlook will stay bearish as long as 1.0895 resistance holds. On the downside, sustained break of 1.0732 will argue that whole rise from 1.0446 has completed. Deeper fall would then be seen to target this low
Intraday bias in USD/CHF remains on the upside despite loss of momentum as seen in 4H MACD. Current rise from 0.8333 should target 61.8% retracement of 0.9244 to 0.8333 at 0.896. On the downside, below 0.8724 minor support will turn intraday bias neutral first. But near term outlook will stay cautiously bullish as long as 0.8551 support holds.
In this live trading,we look at the different options we looked at when we forgot to trail our stop on brent oil. You can apply these principles on any strategy.
In this live trading session video,we look at current live open positions on BRENT, GBPUSD, EUR and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them.
BTC hit 50000 but another target 52000 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 AUDUSD is trading higher and lower in trading today in a narrow range. The high prices, however, have been able to stay below its 100-day moving average at 0.65316 The high price for the day came in at 0.65305. Also in play is a swing area at 0.65239. That level goes back to November through February where there have been several swing lows/highs at the level.
Gold up down move In extreme situations, the Federal Reserve may resort to a policy named Quantitative Easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used during crises or when inflation is extremely low. It was the Fed’s weapon of choice during the Great...