Trading activities witnessed the impact of Britain's cooling inflation on the pound's performance against the dollar. This is the pound's biggest one-day fall since March, coinciding with a plunge in British government bond yields as inflation slows to 7.9% in June. As the prospect of a sustained rise in the Bank of England base rate diminishes, traders are now...
Join us on this captivating journey as we explore the latest developments in the world of gold trading. Brace yourself for a thrilling episode filled with exciting twists and turns! XAUUSD Fundamental Analysis: The Gold price experienced a substantial surge in the wake of the recent US inflation data release. With the dollar lingering near 15-month lows and...
Currently, the GBPUSD appears to be in a bullish consolidation phase, trading just below a 15-month peak. Thursday and Friday's trading sessions witnessed the pair oscillating within a narrow range, highlighting the prevailing indecision in the market. As trading activities remain at their highest levels since April 2022, we question whether the bulls are losing...
In the previous week, we witnessed a remarkable 4.6% surge in the Japanese yen, propelling it to a two-month high against the greenback. However, as Friday's trading session unfolded, the U.S. dollar began to edge higher, with traders factoring in the potential end of the Federal Reserve's rate hike cycle amid easing inflation. Softer-than-expected U.S. inflation...
Gold clings firmly to its coveted $1,900 handle! The stage is set for an intriguing turn of events, especially in the wake of a milder-than-anticipated U.S. jobs report for June. This unexpected twist suggests a potential dampening of the Federal Reserve's hawkish stance as its policymakers prepare for their upcoming rate review in three weeks. In the face of...
In the previous week, the growth of the Pound Sterling unfolded before our eyes, defying the weight of higher interest rates imposed by the Bank of England (BoE) on households in the United Kingdom. Despite this burden, prices surged and fearlessly tested the psychological resistance level of 1.28500 for the third consecutive week. Furthermore, the Pound...
In this video, we delve into a comprehensive technical analysis of USDJPY, focusing on its bullish and bearish sentiments through price action analysis. Join us as we uncover potential trading opportunities for the upcoming week by identifying key support and resistance levels within the 4-hour timeframe. On Friday, the Japanese Yen experienced a decline after a...
This video provides a comprehensive analysis of the bullish and bearish sentiment in GBPUSD, focusing on price action-based technical analysis of support and resistance levels within the 4-hour timeframe. In the previous week, Federal Reserve Chair Jerome Powell emphasizes the necessity for further rate hikes, and adding to the market volatility, the Bank of...
Despite the less-than-ideal macroeconomic conditions, the gold bull is still putting up a fight. The recent comments made by Powell regarding potential rate hikes have pushed gold to its lowest point in three months. During his semi-annual testimony on the economy, Powell hinted at the likelihood of more rate increases in the coming months, even though the Fed...
Despite three production cuts announced by the Organization of the Petroleum Exporting Countries (OPEC) and its allies since October, including support from the Saudis, crude prices have shown limited improvement. This is unexpected, particularly during a time of the year when oil demand should naturally be strong due to summer travel. The Saudis have expressed...
The Japanese yen experienced a slight decline as the Bank of Japan maintained its ultra-loose policy. However, it managed to recover some of its early losses following the BOJ decision, though it remained close to seven-month lows against the dollar. The BOJ opted to keep interest rates unchanged at record lows and expressed its intention to continue the yield...
Join us as we delve into a comprehensive price action analysis of the XAUUSD market in this video. With the gold price comfortably surpassing the $1,950.00 mark and the USD Index remaining weak, we examine the current market conditions. Investors are divided on whether the Fed will implement two more rate hikes this year, putting pressure on the USD Index....
The USOILSPOT market witnessed a remarkable surge in momentum last week, fueled by positive economic data from the Chinese government. As a result, USOILSPOT closed around the $72.00 zone, allowing us to secure over 500 pips in profit through multiple entries. The rise in oil prices was primarily driven by increased Chinese demand and supply cuts from OPEC+....
The GBPUSD surged to a new annual high of 1.2850 as Bank of England (BoE) policymakers prepare for a potential interest rate hike. Meanwhile, the U.S. Federal Reserve (Fed) decided to hold off on an interest rate increase, indicating that the tightening phase is still ongoing. The Pound Sterling remains optimistic as discussions about a pause in the BoE's...
In this video, we delve into a comprehensive technical analysis of USDJPY. We examine the impact of recent fundamental factors, including a surge in US unemployment claims, which led to a sell-off in the US Dollar. The upcoming week is set to witness crucial economic events that will strongly influence the price movements of this currency pair. With indications...
In this insight video, we try to unravel the complex dynamics of the market's response to recent events. As the dollar takes a step back amid speculations of the Federal Reserve's imminent pause in rate hikes, the market's reactions become a mixed bag and we don't want to miss out on this opportunity to stay ahead of the curve! Economists predict that the Fed...
During the latter part of the previous week, the GBPUSD price action continued its upward movement as the US Dollar faced obstacles following a less confident recovery. The release of data on Thursday, which showed a surge in the number of Americans filing new claims for unemployment benefits to the highest level in over 1½ years, prompted investors to sell off...
Welcome to our Goldspot analysis for the week! Despite speculations suggesting otherwise, Gold is far from being dead after the U.S. debt ceiling deal has been finalized. Although futures of the yellow metal experienced a slight decline on Friday, breaking a three-day winning streak, the drop was not enough to erase the gains made in the previous days. As a...