On the 1 hour chart, we can see more closely the recent price action with the pair now trading at the support zone. If the price were to break above the black counter-trendline, we can expect the buyers to gain even more conviction and increase the bullish momentum, although a lot will depend on the US NFP report today as strong figures across the board will likely trigger
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...
World gold prices fluctuated slightly with spot gold down 9 USD to 2,290.7 USD/ounce. Gold futures last traded at 2,310.5 USD/ounce, down 10 USD compared to yesterday morning. World yellow metal prices stabilized on April 4 (US time) after previously conquering an all-time high of over 2,300 USD/ounce thanks to expectations that the US Federal Reserve (Fed) will...
🛢 CL OIL, H4 🛢5 April 2024 Crude oil prices experienced a significant surge propelled by concerns over lower supply amidst decisions by major producers, including OPEC+, to maintain output cuts. Growing signs of economic strength in China also contributed to heightened demand for oil, underscoring the market's focus on supply dynamics amid geopolitical tensions...
USD/JPY, H4 5 April 2024 The USD/JPY pair broke below its weeks-long consolidation range, indicating a bearish bias for the pair. Yesterday, the Bank of Japan (BoJ) chief held his first press conference following the country's first rate hike since 2007. He hinted at the possibility of another rate hike later this year if conditions permit, and reiterated that...
EUR/USD, H4 5 April 2024 The EUR/USD pair experienced a retracement from its recent bullish rally, encountering resistance at the 1.0866 level in the last session. The Euro may have been affected by CPI readings released on Wednesday, indicating that the ECB's targeted inflation rate is within reach and suggesting the adoption of a rate reduction policy in the...
GBP/USD, H4 5 April 2024 The GBP/USD pair faced resistance at the 1.2660 level and subsequently retraced as a result. Fundamentally, the UK's PMI readings released yesterday fell short of expectations, contributing to downward pressure on the Sterling. Meanwhile, optimism surrounding the US Non-Farm Payrolls (NFP) report scheduled for release later today...
🔖XAU/USD, H4🔖 5 April 2024 Despite a slight slowdown in bullish momentum, gold prices maintained near-record levels as global investors treated cautiously ahead of key economic data releases. Geopolitical tensions in regions like the Middle East and ongoing crises in Russia and Ukraine, coupled with a recent earthquake in Taiwan, continued to drive safe-haven...
💵 DOLLAR_INDX, H4 💵 5 April 2024 The Dollar Index, a gauge of the greenback's strength against major currencies, continued its downward trend, impacted by a disappointing US jobs report. The Department of Labor revealed an unexpected rise in Initial Jobless Claims from 212K to 221K, missing market expectations. This development could significantly influence...
Fundamentals awesome Technical improvement Track record good Sl swing low
- I have no real bias for this session due to NFP today. - I want to see price return to EQ of the Asian range before going lower. - RELs at Asia’s low. - For the day I want to see price target PWL and PML. - MMSM
Hello My dear Indices Traders, This is our Day Trade master plan to Heist Bullish side of EUROPE 50 Market. my dear Looterss U can enter at the any point above my entered area, Our target is Red Zone that is Hgh risk Caution area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there...
Nasdaq is at a daily support zone NFP will definately push it higher
Fundamentals & Sentiment EUR: Contrary to the direction of this trade idea, the Eurozone economy has been doing quite well for the last few months. However, is it time for a technical correction? Risk reversals suggest that. NZD: Kiwi has been supported by good Building Permits from New Zealand and strong readings from Australia at the beginning of the...
FX:XAUUSD breaks records and updates the high to 2305, but technically, the implied target is still not reached. Today Initial Jobless Claims before NFP is published and the market may go into a consolidation phase. On D1 we see the dollar declining after a false break of the resistance at 104.94 as well as the downside resistance. Ahead of Initial Jobless...
The electric-car maker is in dire need of charging after losing more than $260 billion this year and turning Elon Musk into the biggest loser among the world’s wealthiest. Table of Contents » How It Started vs How It’s Going » Nothing Magnificent About It » Competition Revs Up » Teslas Pile Up on Weak Demand » If You’re Having a Bad Day, Read This 📍 How It...
This is due to weaker-than-expected US labour market data and a rise in Eurozone services PMIs. The euro is performing well against the US dollar, with EUR/USD trading at 1.0858, up 0.21%. The US dollar remains steady despite initial jobless claims for the week ending 30 March rising from 212k to 221k, which exceeded forecasts of 214k. Meanwhile, the US trade...
XAU/USD fell slightly below the 2,300 USD/oz mark ahead of US NFP jobs data Gold prices retreated slightly to around $2,270 at the beginning of the Asian session after just setting a new record high yesterday, surpassing $2,300. Geopolitical risks in the Middle East and expectations of loosening monetary policy from the Fed are still big driving forces for this...