USD/JPY is currently at its highest level in decades, at 155.00. This has traders concerned about the risks of Japan's intervention in the forex market. The strong recovery of the US dollar (USD) is also driving the USD/JPY higher. From a technical perspective, the market is stable but showing signs of correction. Prices are expected to retreat to the 0.5-0.618...
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USD/JPY is currently at multi-decade highs, closing at 155.00. Traders are exercising caution due to increased risks stemming from Japan's forex intervention. The recovery of the US dollar (USD) is bolstering the upward momentum of USD/JPY. From a technical standpoint, the pair is trading above the Simple Moving Averages (SMA), indicating a stable uptrend....
USD/JPY is witnessing multi-decade high prices, closing at 155.00. Traders are becoming cautious amidst increasing risks due to Japan's forex intervention. The recovery of the US dollar (USD) is bolstering the rise of USD/JPY. From a technical perspective, this currency pair is trading above the Simple Moving Averages (SMA), indicating stability in the upward...
The price of gold is hovering around the $2,300 mark. The reduction in geopolitical tensions, coupled with an increase in USD purchases, has influenced the volatility of gold prices. From a technical perspective, although there are signs of adjustment in gold prices, the Simple Moving Average (SMA) 20 is pointing downwards, indicating a potential slight increase...
Gold continues to decline despite the decrease in US Treasury bond yields and a weaker US dollar. XAUUSD faces challenges in capitalizing on the weaker-than-expected global PMI announced by S&P, fueling speculation about the Fed's potential interest rate cuts. From a technical standpoint, it seems that gold will persist in its downward trend. On the 4-hour chart,...
The price of gold experienced a modest decline towards the end of Tuesday's trading session in the U.S. after reaching a high of 2,334 USD. During the Asian trading session the following day, XAUUSD continued to drop to 2,323 USD, marking a decrease of 0.11%. Despite the weakening of the U.S. dollar following the release of weaker-than-expected U.S. PMI data, gold...
The EUR/USD market is stabilizing around the 1.0700 level after a positive day on Tuesday. However, PMI data from the US dampened the value of the US dollar that day, pushing up the EUR/USD price. At the beginning of Wednesday, the market showed more caution and supported the USD, posing challenges to the rise of EUR/USD. However, despite the market's caution,...
In the European trading session on Wednesday, the EUR/USD pair continued to close steadily around the 1.0700 level. Positive sentiment from Germany's IFO psychological data helped stabilize the Euro. On the 4-hour chart, despite recent price declines, the Simple Moving Average SMA 20 remains above the SMA 50 after completing a bullish crossover on Tuesday....
In the Tuesday trading session in the U.S., Gold slipped as it dropped to the crucial support level of 2,300 USD, but quickly found stability thereafter. The recovery of gold prices coincided with the weakening of the U.S. dollar after the PMI data for the United States was announced weaker than expected. From a technical standpoint, looking at the chart, gold is...
EUR/USD has experienced a significant momentum shift, surging above the 1.0650 level at the start of the European trading session. The short-term technical outlook for this currency pair indicates a gathering momentum for recovery. On the 4-hour chart, we observe the price closing above both the 20-period and 50-period Simple Moving Averages (SMAs), along with...
Gold extended its downward momentum at the start of Tuesday's Asian trading session, dropping to 2,300, down more than 2% from Monday. The decline seemed somewhat contained due to speculation that major central banks would cut interest rates later this year. From a technical standpoint, this sharp decline has brought gold prices to touch the simple moving...
EUR/USD remains near the low of around 1.0650 in the European trading session on Tuesday. The modest recovery of the US Dollar (USD) has driven EUR/USD to continue its downward trend. According to the analysis from the 4-hour chart, the downtrend of the EUR/USD currency pair seems to show signs of notable recovery. Anticipated that there will be a testing phase...
The USD/JPY market is experiencing a notable period of growth, reaching its highest level in decades, driven by significant appreciation of the US Dollar. This increase is attributed to the economic hegemony of the United States, where the USD is regarded as one of the most stable and widely used currencies globally. Additionally, the large-scale selling of US...
In Tuesday's trading session in Europe, the EUR/USD currency pair gained traction and surged to nearly 1.0700. Volatility erupted following the release of the PMI HCOB for the Eurozone, followed by S&P's global PMI for the US during the US trading session. Looking at the chart, signs of a downward trend remain evident, although prices are undergoing a corrective...
Gold continues to face downward pressure, dropping below the $2,300 mark near the end of the US trading session on Tuesday. Expectations regarding the Federal Reserve's monetary policy still support the increase in US Treasury bond yields, thereby keeping the US Dollar (USD) at its recent high level. From a technical perspective on the 4-hour chart, we can...
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