Wage Growth in Focus Following Dovish BoE UK employment and wage data will be widely watched this week on Tuesday at 6:00 am GMT. Last week, the Bank of England (BoE) claimed a large part of the spotlight; albeit leaving the Bank Rate unchanged at 5.25% (16-year peak), a dovish shift was delivered in the shape of MPC votes. In a 7-2 vote to hold the Bank Rate...
US unemployment claims have increased, but the US dollar remains strong due to expectations of high Fed interest rates. The US dollar rebounded in New York trading on Friday (5/10/2024) after a slump following the release of yesterday's unemployment claims data. The US Dollar Index (DXY) held steady around 105.30, while the greenback outperformed in most major...
GUY! Look what I ve been able to catch! 780+ points on NIFTY and still running. Closed position partially. 25% still open position, Iam gonna let it run till the price crosses above the Risological Astra dotted line. The Risological astra shows there is a little more room for a dip before a reversal. Let's wait and watch. Furthermore, the election results...
EURUSD: The EUR/USD pair is trading down near 1.0770 in the early hours of Asian trading on Monday. Investors have shifted into a cautious mode and prefer to wait and see ahead of the release of key economic data from the US this week. Wednesday's centerpiece will be the final reading of the Consumer Price Index (CPI) for April, which is expected to show a 3.4%...
Gold technical analysis Daily resistance is 2320-26, support below is 2300-2293 Four-hour resistance 2320-26, support below 2300-2280 Gold operation suggestions: Judging from the current trend of gold, the upper resistance today focuses on the opening of yesterday's decline near 2320-2325. The intraday counterattack relies on this position to continue to be...
Welcome, Trader. Welcome to our cryptocurrency community! 🚀We are delighted to welcome you, whether you are an experienced trader or new to the world of cryptocurrency. We are willing to discuss #KILT. #KILTUSDT 🔥🚀. Update: 💹. Over an 8-hour period, #KILT created a Bullish Falling wedge pattern✅. Also formed a double bottom pattern (✅). Retesting newly formed...
unexpected rise in US crude inventories further soured the sentiment on rising demand concerns.The price hit the lowest in almost two months, with fresh acceleration lower signaling continuation of larger downtrend from $87.61. Technical Analysis On Friday, oil hit 200 SMA , at 79.8, but quickly being pushing back to the support level at 77.7 Further Drop...
After the bullish signal with the extremely strong marubozu candle on the daily, the price continued to go up in the last session of the week, the 2360 level that we are observing was also penetrated, but by the end of the session the selling pressure returned. and forced the price to fall below this level, creating a rather long candle shadow above - the bearish...
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
Based on the 4hr timeframes, ADA seems to have formed a triangle pattern from there it should squeeze to the near .60 cent mark. On the larger timeframes based on the fib, ADA has retraced to the golden .618 level and seems to be holding this can indicate an impulse move to the $1.00 ADA. Fundamentally Bids have out weighed Asks nearly 3 to 1 so a more bullish...
Gold technical analysis Daily resistance is 2320-26, support below is 2300-2293 Four-hour resistance 2320-26, support below 2300-2280 Gold operation advice: Gold once again had a range-bound market trend yesterday. Judging from the current trend, today gold will focus on the upper resistance at 2320-26, and the lower support at 2305-2300. This is also the...
As 2024 unfolds, gold prices are poised for a significant surge due to the economic and geopolitical forces that underline a strong bullish trend in the market. Despite the challenges posed by a strengthening U.S. dollar and hawkish stances from the Federal Reserve, gold has maintained robust performance. This strength is further supported by a marked increase in...
The international charge of XAU is returning to an upward fashion way to the simultaneous lower in USD and US Treasury bond yields. Currently, the Dollar Index, a device to degree the energy of the USD, has decreased Although there are numerous influencing factors, it is able to be concluded that the element strongly influencing the modern-day gold charge is the...
We support that has broken support for NZDUSD from news of NZD Inflation Expectations q/q. With this push of a short, we could see the pair to drop further with USD Core PPI for Monday morning. Please keep an eye on it through the morning. TP: 0.5990 or below
Technical analysis of gold also shows bullish prospects. Gold prices have charted an ascending widening wedge pattern since 2016, starting from a low of $1124.30. This pattern is often recognized for its expanding trend lines and suggests increasing volatility and bullish sentiment as price makes higher highs and lows. Furthermore, another bullish pattern has...
The technical analysis for Toncoin (TON/USDT) in the 1-hour timeframe relative to Bitcoin (BTC/USDT) reveals a complex interplay between the two cryptocurrencies, with TON exhibiting distinct characteristics.1. RSI Comparison: The Relative Strength Index (RSI) for TON is not provided, making it difficult to directly compare its momentum with Bitcoin. However, a...
💎Paradisers, #ATA has recently dipped below a falling wedge pattern to test the support zone. 💎After forming a higher peak within a falling wedge, #AutomataNetwork is facing downward pressure from profit taking and broader market conditions. If #ATA can stabilize at the support level of $0.1522 and initiate a reversal then we expect a reattempt to climb back into...
the Bank of England’s (BoE) Monetary Policy Committee maintained the interest rate at 5.25%, the highest in 16 years. Economists polled by Reuters mostly expected borrowing costs to remain unchanged, with a committee vote ratio of 8 to 1. However, the vote was 7 to 2. During discussions, two committee members supported a rate cut to 5.0%, which market...