Kalista_Trading

Kalista_Trading

USD/CAD hovers above 1.3800, US inflation data awaited USD/CAD bids higher around 1.3810 during the Asian session on Tuesday, extending gains for the second successive session. However, the US Dollar (USD) grapples with challenges as it struggles to halt losses. The Greenback could face headwinds from the volatile US bond yields GOOD entry BUY 1.37600

Kalista_Trading

Today, the USDJPY is approaching the critical level of 152.00, but it still encounters immediate resistance at 151.70. If the inflation data shows a stronger performance, it could persuade the Federal Reserve to raise interest rates further in either their December or January meeting, with the aim of bringing inflation back to its target level. Consequently, this...

Kalista_Trading

Continuing with the bearish view, Kevinn is anticipating a drop in EUR/USD due to concerns about economic recession in the Eurozone, which could limit the upward momentum of the Euro. Currently, the currency pair remains restricted below the 1.07 level, and our focus today will be on the release of the US Consumer Price Index (CPI) report, which is expected to...

Kalista_Trading

Currently, GBP/USD is trading higher at 1.2271, however the price is somewhat sideways compared to the beginning of this morning's trading session. The GBP/USD pair faces minor pressure ahead of employment data from the UK due out later in the day. If the news brings good support, the price can find 1.2300 again, on the other hand, the price will fall sharply. It...

Kalista_Trading

Today's gold price is experiencing a slight recovery since last night. The precious metal is currently fluctuating around 1945 USD and up 10 USD compared to the same time the previous day. Although the recovery is a positive sign, the long-term downward trend has not been completely reversed as gold fell 3% last week and lost more than 60 USD as safe haven demand...

Kalista_Trading Updated 

At the end of last week, GOLD continued its downward trend and fell to around the 1933 - 1935 range. If we label the waves, we can consider this downward wave starting at the 1963 - 1965 range, as there was a quick recovery followed by a subsequent decline. If we take the peak of wave 1 at 1933 - 1935, the price has now completed 4 major waves (labeled in red),...

Kalista_Trading Updated 

XAUUSD experienced a challenging week and concluded with a fresh low that hasn't been seen in three weeks. This decline occurred as investors shifted their focus from safe-haven assets to more risk-oriented markets. Additionally, the rise in bond yields put pressure on the precious metal, leading it to test various technical levels. The US dollar had a tumultuous...

Kalista_Trading Updated 

Gold prices maintain a downtrend after the US open and XAU/USD trades at a new 4-week low near $1,930. The bright metal will end the week with significant losses despite weak demand for the US dollar. The highlight of gold last week and also considered the reason for gold's decline were two news from the US Prelim UoM Consumer Sentiment and Chairman Powell's...