Alexia, hello everyone! The EUR/USD exchange rate is hovering around 1.0710 during the Asian trading session on Thursday. This currency pair lacks direction and momentum, resulting in an unclear trend. However, the Euro remains in positive territory following conflicting economic data from the Eurozone and Germany. From the 4-hour chart, we can see that a 5-wave...
Dear friends, as predicted earlier, the BTC continues to surge in price. Currently, the price of Bitcoin is trading at $36,740, a 2% increase in the past 24 hours. At one point, Bitcoin even reached $38,000, its highest level in over a year. This further strengthens the confidence of traders that Bitcoin will soon reach record levels. Regarding market news:...
Dear friends, the USD/JPY pair remained above the 151.00 level in today's trading session, experiencing a 0.06% decrease throughout the day. Currently, the higher yields of the US dollar and US Treasury bonds provide some support for this currency pair. However, additional benefits could potentially lead to some intervention from the Japanese government. Market...
Dear friends, the GBP/USD pair entered a phase of consolidation on Friday and traded within a narrow range around 1.2220-1.2225, just above the weekly low touched during the Asian trading session. In market news: The US Dollar (USD) managed to maintain its overnight gains, inspired by comments from Federal Reserve Chairman Jerome Powell, which turned out to be...
Dear friends, as anticipated, after the Bitcoin electronic market surged to $28,000 and surpassed the $30,000 mark, it showed signs of consolidation. At the time of writing, it is currently trading at $34,268, breaking free from the flag pattern, which has led to an impressive increase in its value. The price is now testing the descending channel of the flag...
Today, the EUR/USD exchange rate is fluctuating around 1.0710 in the Asian trading session on Thursday. This currency pair lacks direction and momentum, resulting in no clear trend. However, the Euro (EUR) remains in positive territory following conflicting economic data from the Eurozone and Germany. Market News: As predicted, Germany's Harmonized Consumer...
Dear friends, Currently, EURUSD is facing difficulties in attracting any meaningful buyers after receiving conflicting signals about the next policy move from the European Central Bank (ECB). In fact, the current market price indicates a 30% chance of interest rate cuts in March. This suggests that Deputy Chairman Luis de Guindos stated on Thursday that it is not...
Gold prices are maintaining their position above $1,950, attempting to prevent a decline during Thursday's Asian trading session. The precious metal is going through a negative phase and may be influenced by the Federal Reserve officials opposing interest rate cuts. Despite the decline in US bond yields, with the 10-year US Treasury yield dropping to 4.48%, gold...
Hello everyone! The GBP/USD is experiencing a significant increase and is currently undergoing trend corrections, indicating a clear short-term decline on the 1-hour chart. At the time of writing, the price is trading at 1.228, down 0.05% for the day. The short-term technical outlook for this currency pair shows a downward trend. In the absence of significant...
Hello everyone. Last week, we witnessed a significant increase in the price of gold. At one point, gold reached a high of $2010. Currently, gold is trading around $1948, down about $20/ounce from yesterday. It is clear that the decline in US bond yields has weakened the US dollar and supported some XAU/USD. The economic uncertainties in China further helped...
Dear friends, ever since surpassing the $2010 mark, the value of precious metals has been on a steady decline. Currently, it is trading at $1953, showing stability in its downward trend. The US dollar remains weak compared to other major currencies. The USD Index, which measures the strength of the USD against a basket of major currencies worldwide, currently...
Dear friends, let's explore today's currency market together! At the start of the new trading week, the USD/JPY pair attracted some buying activity as it seemed to have halted its retreat from the 150.75-150.80 area, which was its highest level since October 2022, touched last week. However, lacking confidence in further gains, it is currently trading around the...
Bitcoin price remains strong above the support level of $34,000. BTC has climbed higher above the resistance levels of $34,500 and $34,650 to initiate another upward movement. On the upside, the immediate resistance level is around $35,050. The next important resistance level could be near $35,250 or the upper trendline of the triangle. A clear move above the...
Dear friends, Today, gold continues its downward trend. Since dropping below the $1990 mark, gold has been consistently declining and is currently trading at $1964 with signs of potentially reaching the $1950 price range. Speaking at various events, members of the FOMC agreed that inflation has decreased but additional measures may be necessary to bring it back...
Dear friends, as predicted earlier, Gold has been facing difficulties in reaching the $2000 mark. The upward momentum of Gold has been hindered by various factors, including the loose monetary policies of many countries around the world. From the 1-hour chart, we can see that after breaking out of the uptrend channel and the descending pennant pattern, the price...
Hello everyone! Last week we witnessed a significant increase in USDJPY. At one point, UJ reached a level of 151.66. Currently, gold is trading below the low level of 149.59, indicating a corrective phase. Regarding market news and conclusions: The recovery of US Treasury bond yields supported the US Dollar Index (DXY), which tracks the greenback against a...
Alexia greets everyone! Currently, we are witnessing Gold continuing to decline on Monday, down 0.75% to $1,977 as US Treasury bond yields rise again, pushing XAU/USD lower after falling below the $2,000 mark last Friday. Gold has faced multiple rejections at the $2,000 level over the past two weeks, and technical resistance levels could impact XAU/USD. ...
Hello everyone, it's Alexia here again! USDJPY has experienced a slight increase in price today and has returned to a yearly high of 150.150. Review and update news with Alexia : The potential for price increase in the USD/JPY pair seems to be limited due to speculation that the Japanese government will intervene in the foreign exchange market to counter the...