The USD/JPY currency pair is trading sideways after a two-day winning streak. Despite positive PMI data, the US dollar is moving lower towards the 105.50 level. Bank of Japan (BoJ) policymaker Noguchi is not optimistic about wage growth acceleration. USD/JPY has interrupted its winning streak, currently trading lower around 149.00 during the Asian session....
Gold hit a two-week peak during the Asian session, indicating a continued and robust recovery from a recent low near $1,810. Geopolitical tensions in the Middle East strengthened gold's position as a safe-haven asset. The XAU/USD pair remains close to its daily peak, displaying persistent bullish momentum. However, it is trading below the bearish 20-day Simple...
The GBP/USD exchange rate found support at 1.2275 after a pullback from weekly highs. Following the release of the FOMC minutes, the US dollar experienced a moderate decline, pushing the GBP/USD pair back towards the 1.2300 level. Attention is now focused on the upcoming release of monthly GDP data in the UK and the Consumer Price Index (CPI) in the US scheduled...
EUR/USD trims its gains for the day, hovering around the key psychological level of 1.0600 during the European session on Wednesday. The pair received some upward support due to a correction in the US Dollar (USD), likely influenced by speculations about a potential pause in the interest rate-hike cycle by the US Federal Reserve (Fed). If the pair decisively...
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The USD/JPY exchange rate experienced a rebound, trading higher around 149.00 during the European session due to a positive risk sentiment amidst the Middle-East conflict. The Japanese Yen did not respond to the Bank of Japan's consideration of revising core inflation estimates upward. Federal Reserve's remarks led investors to downplay the possibility of further...
The EUR/USD exchange rate is above 1.0550, supported by a slight decline in the US dollar and decreasing US bond yields, while a positive risk tone weakens the dollar. Traders are awaiting key data for the week, including FOMC minutes and the US Consumer Price Index. The EUR/USD is below the 20-day Simple Moving Average (SMA) and within a downtrend channel, but in...
Excellent performance of the US technology index, with an increase of 1.70%. The day started weak, opening at 14,622.2 points, surpassing the previous session's lows. Throughout the day, the quotes strengthened, closing at 14,973.2, near the session highs. In the medium term, the Nasdaq 100 shows a negative trend. In the short term, there is the possibility of a...
GBP/USD continued its decline following the bearish opening, dropping below 1.2200 on Monday. This was attributed to the strengthening of the US dollar amid escalating geopolitical tensions in the Middle East and speculations of a more restrictive Fed monetary policy. The Relative Strength Index (RSI) on the 4-hour chart remained above the 50 level despite the...
During the first Asian session on Monday, the exchange rate between the US dollar (USD) and the Canadian dollar (CAD) continued to decline for the third consecutive session, settling around 1.3650. This drop is primarily influenced by a significant increase in oil prices, presumably linked to the ongoing military conflict between Palestine and Israel. This...
Gold price is in a slightly bearish phase, staying below $1,820 due to the impact of the yield of the 10-year US Treasury bond, which is above 4.7%. This situation makes it difficult for XAU/USD to undertake a significant recovery. Technical analysis on the daily chart indicates a bearish trend for XAU/USD, with indicators showing an abundance of sell signals in...
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The USD/CAD exchange rate is approaching 1.3800 after the correction in the US dollar, while the oil price continues to decrease due to macroeconomic uncertainties. The direction of the US dollar and the Canadian dollar will depend on their respective official labor market data. The USD/CAD pair has reached a six-month high at 1.3785, and further upward movement...
During Thursday's Asian session, EUR/USD continued the positive trend initiated in the previous session, hovering around 1.0520. The movement of this pair was influenced by market caution regarding the trajectory of interest rates by the US Federal Reserve (Fed). Despite the Euro experiencing a rebound, it is not out of danger yet, as the correction could continue...
The USD/JPY pair stands near 149.20, reflecting recent losses and concerns about possible interventions in the market. The 10-year Japanese Government Bond (JGB) yield has surged to 0.8%, a level not seen since 2013. In the US, JOLTS Job Openings exceeded expectations, suggesting a positive employment scenario. Key upcoming events include US ADP Employment Change...
The EUR/USD pair hit a new yearly low, nearly reaching 1.0450 on Tuesday before a slight bounce to around 1.0480. This drop was driven by a strong US dollar, supported by positive economic data and higher yields. However, the euro has slightly recovered. The daily chart shows a bearish trend with negative prospects below 1.0640. On the 4-hour chart, the pair is...
Looks like we will get a bounce from the lower trend line given couple weeks ago that matches up to the lowest WICK that started this entire bullish move months ago. now lets see if she holds. In the bigger picture I'm still looking for deeper correction and im still loading PUTS dated 10/13-10/20-11/19 and later
The price of gold experienced a correction and stabilized above $1,820 after falling to a multi-month low of $1,815 during the Asian trading hours on Tuesday. The benchmark 10-year US Treasury bond yield holds above 4.7% ahead of US data, not allowing XAU/USD to extend its rebound. The Relative Strength Index (RSI) on the daily chart is signaling extremely...