Maras_FX

Maras_FX

This is my analysis for Gold, I am still bullish on Gold in the long term due to expectations of a weaker Dollar. Next week we have very important news for the Dollar such as Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m, Fed Chair Powell Testifies, Unemployment Claims, JOLTS Job Openings, ADP Non-Farm Employment Change, ISM Services...

Maras_FX Updated 

In 2007, before the Great Recession, the price reached an all-time high of 97.791. After that in December 2014 the price was at 94,050 and from that moment we saw a down trend for the next 1,904 days and the price fell by 36% to 59,502 and then we got the COVID and from that moment the trend changed. From the 2020 low, the price has currently jumped by 47% and the...

Maras_FX Updated 

"BOJ reportedly erring towards leaving policy unchanged next week" What Ueda said today was expected. GJ has been bullish for a long time because UK monetary policy and Japan's are very different. Although inflation has started to fall in the UK (the latest CPI 7.9% is lower than the expected 8.2%), But inflation in the UK is still high so BOE Governor Bailey...

Maras_FX Updated 

The last time the CHF was so low against the Dollar was in 2015. On January 15, 2015, the Swiss National Bank (SNB), which is the central bank of Switzerland, made an unexpected announcement that it would no longer maintain a currency peg between the Swiss franc (CHF) and the euro (EUR) at a fixed exchange rate of 1.20 francs per euro. The peg had been in place...

Maras_FX

🔰"In recent market dynamics, fundamental analysis suggests a bullish outlook for gold and a bearish sentiment towards the US dollar, largely attributed to the Federal Reserve's anticipated interest rate cuts throughout the year. While the US Dollar Index (DXY) initially surged due to traders pricing in up to six rate cuts in 2024, the current outlook reflects...

Maras_FX

GU looks like a good buy opportunity from a technical and fundamental perspective, the Dollar index is currently testing a strong resistance zone and a strong trend line and it is very likely that the Dollar index will go lower in the next few weeks which will mean that GBP/USD is ready for another bullish wave. I will not go into a more extensive Fundamental...