Japanese Yen weakened after intervention, USDJPY increased Markets are now looking for more information on Japan's inflation and wage growth to gauge whether the Bank of Japan will raise interest rates further this year, which is expected to bring some relief for the Japanese currency.
World gold prices fell for the second consecutive week with the closing price just slightly above the threshold of 2,300 USD at the end of last week. Set in the context of relatively conservative fluctuations after important news, notably the Fed's monetary policy statement in mid-week and US employment data released on Friday. Last week was fundamentally rich,...
EUR/GBP Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Short Minimum entry requirements: • If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/USD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. EUR/GBP Short Minimum entry requirements: • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD...
By around September, the Fed may reduce interest rates. A declining USD will pull gold prices up. Gold is also supported by inflation and escalating prices in many countries around the world. Asian and European countries are struggling to control their currencies from plunging. Many experts also mentioned the possibility of inflation in some countries. If this...
World gold spot price is around 2,306.4 USD/ounce, up 5.4 USD/ounce compared to last week. Gold futures price in June 2024 on the Comex New York floor is at 2,304.7 USD/ounce. Last week, the world gold price in the first session of the week traded at 2,335 USD/ounce. After that, the gold price could not be kept above 2,340 USD and began to decline, the lowest...
Chantell Schieven, Head of Research at Capitalight Research, said that the gold market is starting to enter a period of seasonal weakness. In this environment, gold prices are likely to fall back to $2,150/ounce. According to Marc Chandler, Managing Director at Bannockburn Global Forex, gold prices may decline in the short term. Gold prices can trade in the...
Gold prices are still limited in a narrow range as traders prefer to stay on the sidelines. Bets on Fed rate cuts will revive USD demand and act as a headwind for metals. Investors are now waiting for the FOMC decision and US macro data before placing directional bets. Gold prices are likely to fall back to the area of 2,305 USD/ounce, losing all the gains...
EUR/JPY Short Minimum entry requirements: • If 2 touch 15 min continuation, 5 min risk entry within it. NZD/JPY Short Minimum entry requirements: • If 2 touch 15 min continuation, 5 min risk entry within it.
The dollar index and dollar index futures were both steady in Asian trading after falling 0.6% in overnight trading. Pressure on the USD comes from a strong yen, while Fed Chairman Jerome Powell reiterated that the bank will not raise interest rates further. However, the outlook for the dollar remains upbeat thanks to the prospect of a Fed rate cut being pushed...
Most Asian currencies weakened on Friday, while the dollar steadied in anticipation of key inflation data expected to influence the Federal Reserve's stance on cuts. interest rates. While the dollar's decline overnight - after weaker-than-expected US gross domestic product data - brought some relief to Asian currencies, this was largely offset offset by continued...
The US greenback skilled a small decline today, with buying and selling volumes falling because of a vacation in Japan. The yen, euro and pound continue to be close to their lowest tiers from ultimate week`s chaotic session. The Japanese yen confirmed mild profits in opposition to the greenback, buying and selling at 158.05, up almost 0.2%. This modest circulate...
AUD/CAD Long Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. AUD/NZD Short Minimum entry requirements: • 1H impulse down. • If 2 touch 15 min continuation, 5 min risk entry within it.
Gold analysis in 4-hour and daily time frames In this video, we presented the complete analysis of gold.
The Japanese yen keeps to stand vast demanding situations because it hit a 34-yr low towards the greenback, with little expectation that the Bank of Japan (BOJ) will improve hobby costs at its meeting. upcoming coverage on Friday. The significant bank, which has no forex mandate, is beneathneath growing strain because the weakening yen influences inflation via way...
Yen falls as USDJPY heads in the direction of a hundred and fifty five However, the Japanese Yen did little to enhance in opposition to the weaker dollar, with USDJPY buying and selling close to a 34-12 months excessive and close to the a hundred and fifty five level. The yen weakened whilst a sequence of Japanese officers warned of presidency intervention to...
This week, DXY TVC:DXY (US Dollar Index) may see accumulation as investors monitor economic data for signs of inflation and Federal Reserve's stance. NQ CME_MINI:NQ1! (Nasdaq 100 Index) might fluctuate amid tech earnings and global uncertainties like geopolitical tensions and inflation fears. I will closely watch these indices for market cues in coming week.
EUR/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Short Minimum entry requirements: • Tap into area of value. •...