Gold maintains its position around $2,000, buoyed by a weakening US Dollar and mixed US PMI data from Friday. Despite the recovery in US Treasury bond yields, the broadly weaker dollar prevails, driven by dovish bets on the Federal Reserve amid a manufacturing sector downturn. However, the upward momentum of gold faces potential constraints as rising US Treasury...
The previous week saw the Pound sterling reach 1.2600 zone against the US dollar, reflecting positive reactions to the S&P Global/CIPS data. Even amidst mixed economic signals from the US, including robust Services and Composite PMIs but a contracting Manufacturing PMI, the GBPUSD pair maintained its strength. In the UK, inflation has shown signs of cooling down...
In this video, we delve into the recent surge in gold prices, driven by a combination of factors. On Friday, the U.S. dollar and Treasury yields experienced a decline following disappointing U.S. jobs data, solidifying expectations that the Federal Reserve will halt its interest rate hikes. The October job growth figures fell short of economists' projections, with...
Gold prices experienced a notable decline, particularly following hawkish remarks from Federal Reserve (Fed) Chairman Jerome Powell. Powell's suggestion that the Fed might not have achieved a sufficiently restrictive monetary policy to control inflation sent shockwaves through the market. This hawkish stance contradicted the earlier belief that the Fed was done...
In Friday's session, the XAUUSD experienced a slight uptick, closing the week at $1,980 after reaching a high of $1,995. However, this price increase was halted by hawkish comments from Federal Reserve officials, following the release of strong US housing data that led to a modest rise in US Treasuries.
October's Housing Starts showed a 1.9% increase compared to...
The currency pair is currently consolidating just above the 1.2400 handle, grappling with recent consolidation highs. The Pound Sterling faces challenges in retaining gains made against the US Dollar (USD) last week.
Experiencing a mid-week peak with a 2.25% gain against the USD, the GBP has since moderated to a more sustainable 1.65%. Despite a broader market...
Hello Traders,
My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻
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➡️In today's video, I will analyse Palantir for you🫡
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➡️Let me know your opinion about today's...
On week chart
ENS has been creating Double Bottom and moving up to break #Neckline
Wait for a breakout and retest to confirm for this pattern
The target around 17.5
Time will tell
In the intricate dance of patterns, VeChain (VET) has caught our attention with a fascinating tale. The recent shift from a bearish trend, marked by the Three Drives pattern, has now given way to a bullish narrative. Let's unravel the patterns and explore the potential bullish strides, as VET appears to embark on a reversal journey. 📈🔄
The Three Drives: A Bearish...
Fundamentals
Not my usual play, but I do like to tell myself that I have developed a keen eye for reversals. So let's see if this one works out
Udemy is an Edutech firm with surprisingly good fundamental s, considering the stock price would probably be telling you otherwise
Valuation is not extended (compared to the current market standards - P/S = 2.8),...
Broken charts take time to heal and this one is showing signs of improving.
Pullback from 200EMA but at volume shelf. Still could go either way. Distribution here again would be catastrophic.
Tight PA here around 10 bodes well for 12.50. watch for flag on the daily for potential gap fill above.
No position yet, but on close watch
The pound Sterling experienced a turbulent week as it traded within a narrow range. However, a recovery in broad-market sentiment occurred after the release of a disappointing US Nonfarm Payrolls (NFP) report. This report sparked investor risk appetite, particularly heading into the weekend.
The US NFP figures fell short of expectations, revealing the worst...
Amidst a backdrop of economic uncertainty, the US Dollar has managed to hold its ground, gaining modest strength against various currencies. This resilience comes on the back of a surprising surge in the US economy, defying recession fears that have loomed since 2022. Data reveals a robust 4.9% growth rate in the third quarter, marking the fastest pace in nearly...
Despite a setback in UK Retail Sales last Friday, where September's retailers' receipts fell by -0.9% against the expected -0.1%, the Pound Sterling is finding its footing amidst a weakening US Dollar (USD). As it finds demand around the $1.21000 area; the GBPUSD pair is capitalizing on the current market conditions, aiming to secure gains in the face of global...
Weekly, Daily, 4 Hourly
TDI indicator made 2 dow break down, ready to fall.
Entry trigger: Waiting 4h price dow break down, and on the pull back up, enter short.
Note: Dow break means structural break.
After being in a downtrend for so long UnionBank looking good to give a reversal from there as the volumes are increasing as well. If price starts making higher highs and higher lows structure, we can watch it
