Dear ZTraders,
We'd like to provide you with an analysis of the factors contributing to the potential decline in gold prices. While recent gains were largely attributed to geopolitical tensions in the Middle East, several significant factors at play may lead to a drop in gold prices:
Stronger U.S. Economy: A robust U.S. economy tends to reduce the demand for...
Fundamental Backdrop
Overnight Rate on Wednesday is expected to maintain at 4.50%
Technical Confluences
Resistance level at 1.36374
Support level at 1.33166
Idea
If the Overnight Rate maintains at 4.50% as expected, we could see the price drop towards the support level at 1.33166.
However, if the Overnight Rate increases, we could see the price...
As I see in the last idea for DXY, Based on the chart, I predict that tomorrow the Federal Reserve will raise the interest rate by at least 0.75%, and The interest rate will reach 2.5% .
DXY index will resume its growth after its correction.
EURUSD get some gain due the next ECB interest rate on Jul 21.
but as you know, the divergence of EUR and USD interest rate and monetary policy is high and long-term movement for this pair is still short to equal price or even lower than equal price.
So its good idea to wait and looking for low risk sell area on 1.017 and 1.0185 to the equal prices
Good afternoon everyone,
we are looking at the USDCAD pair again after the BoC Interest Rate decision. They did not change anything so the news were not that good for the CAD and for our long term short trade, that we linked below. On the other hand the pattern is pretty much the same as before. The only difference is that there is another spike high and a better...
Euro-Bund starts to have more corrective moves.
The last week Euro-Bund correction add some strength to Euro against most of currencies.
If the price of Euro-Bund continue to fall, we may see more strength in the Euro.
Euro-Bund is challenging a major support levels.
A bigger drop or a massive correction of Euro-Bund, may even put pressure on ECB to revise the ...
Currently, the sentiment of the pair seems to be clearly inclined to a down movement of the price. But we should rather wait until Friday to find out more about what will be the real direction of the pair.
Note that the US is strongly considering a hike in interest rate which can cause the USD to grow much stronger.
However, the France is currently on crosshead...
