For a fifth day in a row, the EUR/USD is caught in a whirlwind, spiraling down to flirt with the 1.0620 zone, marking a fresh 2024 low against a US dollar that just won't stop flexing. Shattering through its 2024 floor of 1.0621 may set the stage for a tumble back to the depths of 1.0516. On the flip side, any surge in the EUR/USD might hit a speed bump at the...
Greetings, trading aficionados! What are your expectations for EURUSD today? Yesterday, the pair was under significant selling pressure, resulting in a consistent decline to now trade at 1.073—a drop of 0.12% for the day. As anticipated, it breached the 1.0800 support level. The recent surge in the USD, fueled by robust US PMI ISM data, has heavily impacted this...
Gold's ascent to a historic $2,265 per ounce as this week begins highlights its impressive 9% rise in March and 8% increase for the first quarter. This surge follows data indicating a spike in the February Personal Consumption Expenditures index, though the core PCE saw a low not observed in nearly three years. Anticipations of the Federal Reserve cutting rates...
Gold retreats from its newly set record high of $2,265.58 per troy ounce. Initially gaining in the Asian trading hours, XAU/USD reversed its course during European trades, now hovering around the $2,250 mark, bolstered by the US dollar's surge following better-than-expected US ISM Manufacturing PMI results. Technical analysis suggests gold may undergo further...
Hello everyone, This dawn, the global gold price continued its ascent, marching confidently towards $2260 from last week's close. This week, the gold market is expected to witness substantial fluctuations as it reacts to significant US economic indicators. Beyond last Friday's inflation data, the market is also keenly anticipating the March Non-Farm Payroll...
Hello, everyone! Today, GBPUSD remains fairly static, hovering around 1.262, with the direction for the day still in limbo as the pair continues its sideways movement. Looking at the broader picture, a downward trend seems to maintain its dominance, with prices constrained below the EMA 34 and 89 indicators. The reversal of EMA 34 signals a promising opportunity...
The price of gold surged in the North American trading session on Thursday, setting a new all-time high of $2,233 per ounce. This climb in the precious metal's value defies the rising US Treasury yields, bolstering the US dollar, and signifies strong investor demand. From a technical perspective, the upward journey of XAU/USD is far from over. The 4-hour chart...
Hello everyone, today GBPUSD continues its downward trend, with resistance at 1.267 acting as a significant barrier for this currency pair. From a technical perspective, I expect the price to decrease, favoring a SELL strategy once it touches the EMA again, as the EMA 34 is signaling a sell through trend reversal. The support level at 1.259 will determine...
Sure, let me rephrase that for you in a more engaging tone: "Welcome to today's golden insights, fellow traders! 🌟 As the dawn of Wednesday unfolds, the lustrous gold has taken a modest step back, hovering around $2,170 despite yesterday's leap toward the $2,200 mark. The greenback is flexing its comeback muscles, yet the Treasury yields seem to wobble amid the...
Today's Gold Market Insight: Struggling to capitalize on yesterday's modest gains, gold (XAU/USD) fluctuates narrowly around the $2,170 mark during today's Asian session. Yet, it's wise to hold off on aggressive bearish bets against this precious metal, especially considering the recent retreat from the record highs near $2,223 reached last Thursday. The Federal...
Hello everyone, yesterday we initiated a buy order, and fortunately, the price moved exactly as we anticipated. However, the uptrend is not yet fully assured as the price is still adjusting and retracing to the 0.5 - 0.618 Fibonacci zone, part of its correction phase. Although the overall trend has yet to be clearly defined and the persistent sideways movement is...
Hello, cherished trading enthusiasts! What's your trading strategy for GBPUSD today? I'm eyeing a BUY position for this pair as it begins to show bullish signals. The price is accumulating, and the downward momentum is cooling off. It's time for a trend adjustment after last Friday's sharp decline. My buy target is at 1.267 USD, as indicated on the chart. How...
As dawn breaks over the European trading session this Wednesday, gold (XAU/USD) strives to gather momentum within a tight range, holding its ground above the $2150 mark. The pulse of speculation quickens, fueled by last week's robust US consumer and producer inflation data, which signals the Federal Reserve's inclination to sustain a higher interest rate...
We are looking for at least short-term fall now like the red arrows on chart also more info is shared on daily chart: DISCLAIMER: ((trade based on your own decision)) <
The GBP/USD pair has steadfastly maintained its position above the psychological barrier of 1.2800 in the early trading hours in Asia on Friday. The selling pressure on the US dollar has provided some backing to the major currency pair. Friday's spotlight will be on the US labor market data for February. The pair has managed to continue its upward trajectory,...
Hello everyone, do you think the USDJPY will continue its downward trend? This pair is currently on a steep decline, trading at 149.72, and shows no signs of cooling off. It has broken through several critical support levels and is momentarily pausing its descent as it approaches a strong support level at its current price. A brief recovery might be on the...
Today, the USDJPY experienced a dramatic plunge. Prices tumbled relentlessly from a peak of 150.844, settling around 149.789 after a tumultuous half-day. A glance at the analytical charts reveals that the pair has breached nearly all significant support levels, and the outlook remains in favor of further declines, much to the delight of the bears, with the...
EUR/USD hovers around the 1.0850 mark, showcasing a steady demeanor following Tuesday's lack of significant catalysts to sway the pair in any definitive direction, especially after U.S. Durable Goods Orders in January fell more than expected. The market's gaze is now fixed on the upcoming release of the latest U.S. Gross Domestic Product (GDP) data later...