Nova-Scalper

Nova-Scalper Updated 

Smart investment, Strong finance GOLDEN INFORMATION: The gold price has started the new week with little activity, trading within a tight range just above the $1,950 level in the Asian session. Although this range-bound price movement could still be considered a bullish consolidation phase, caution is advised...

Nova-Scalper Updated 

Smart investment, Strong finance GOLDEN INFORMATION: The market now only expects one more rate hike by the Fed The Gold price has gained considerably, primarily thanks to the declining US inflation figures. After all, this makes it appear likely that the (US) rate hike cycle will soon come to an end: the market...

Nova-Scalper Updated 

Smart investment, Strong finance GOLDEN INFORMATION: The price of gold is set to make the biggest weekly gain in three months due to weaker United States inflation indicators. The US Dollar has been negatively impacted by these dismal indicators, which has been beneficial for the gold market. The US Producer Price...

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Smart investment, Strong finance AUD INFORMATION: Investors were aggressively pricing in the end of U.S. rate increases on Friday, leading to a significant recovery in the bond markets. As a result, the Australian and New Zealand dollars were on track for their strongest week of the year. Personal comments...

Nova-Scalper Updated 

OANDA:EURJPY The EUR/JPY pair remains steady, close to the 154.50 area at the start of the European session., the crossover is below the 100 Hourly Exponential Moving Average (EMA) with a downward slope, indicating the line Going with least resistance is going down. According to the one-hour chart, EUR/JPY will hit an initial support of 153.45 (July 12 low) en...

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TVC:GOLD GOLD trades at the highest level in almost a month and the daily chart shows that the bulls have regained control of the bright metal. Gold is currently growing above the slight upside of the 100 Simple Moving Average (SMA), at 1,950$. In the near term, and according to the 4-hour chart, the bright metal is looking overbought, but as it puts pressure...

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OANDA:XAUUSD The yellow metal posted its best intraday gain in more than two months on Wednesday, tracking the decline in the dollar and Treasury yields after data showed consumer price index inflation ( US CPI) rose less than expected in June. Shows that the Fed's aggressive rate hikes over the past year have paid off and the bank may be easing its hawkish...

Nova-Scalper Updated 

S mart investment, Strong finance GOLDEN INFORMATION: XAU/USD touches multi-week high, around $1,940 ahead of US CPI The value of the US dollar has been weakening, which is proving to be advantageous for the price of gold. The USD Index (DXY), which measures the performance of the US dollar against a...

Nova-Scalper

Gold rose to 3-week highs, sometimes reaching close to the level of 1,940 USD/ounce. Index DXY (measures the volatility of the greenback against a basket of six major currencies) fell from 103 points last week to 101.49 points. The USD index fell near a two-month low. A weaker dollar is supporting the precious metal's gains, as the Fed seems to signal that it is...

Nova-Scalper Updated 

NOVA's comment for gold price: The Gold Price is experiencing a boost as the US Dollar weakens, with the US Dollar Index (DXY) falling to its lowest level in two months. This decline in the US Dollar, coupled with low US inflation expectations, is driving the XAU/USD Price higher. According to the Federal Reserve Bank of New York's Survey of Consumer...

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While the chart above highlights the range trading nature for EUR/USD of late, if we zoom out on the timeframe, the currency pair remains above an ascending trendline. The June high of 1.1096 may offer resistance ahead of the March 2022 peak of 1.1185. A clean break above these levels might imply that the ascending trend is intact and could see further...

Nova-Scalper Updated 

Gold inched closer to the $1,900 mark on Friday following a disappointing US June jobs report, which suggested that the Federal Reserve's aggressive stance on monetary policy had softened. As policymakers gathered to evaluate the next interest rate decision in three weeks' time. If gold fails to maintain a daily close above the $1910-$1900 range this week, its...

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Exchange rate OANDA:USDJPY fell significantly on weaker U.S. nonfarm payrolls data on Friday, dampening prospects for the Federal Reserve to raise interest rates in the future. The Japanese government recently released data showing that regular wages have increased the most in 28 years in May. This reinforces the belief that the Bank of Japan will have to...

Nova-Scalper Updated 

Yesterday, the price of gold dropped as the US announced that 497,000 new jobs were created in June 2023, which was more than double the expected number of 267,000. This resulted in a significant appreciation of the USD and a decrease in the 2-year US bond interest rate from 5.12% to 5.04% per year. As a result, many investors shifted their capital towards the USD...

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Gold prices have been on a prolonged downward trend since reaching a peak in May. In response, retail traders have increased their ability to short the precious metal. IGCS measurements show that approximately 76% of retail traders are net buyers of gold. This suggests that prices may further decrease, as they tend to be higher. This is due to a decrease in risk...

Nova-Scalper Updated 

US economy showed positive growth in Q1, reducing the risk of a recession. This allows the FED to raise interest rates at least twice in the near future, as stated by FED Chairman Powell recently. However, with low physical gold demand and the possibility of central banks, especially the FED, continuing to raise interest rates, the outlook for gold prices in the...

Nova-Scalper Updated 

Investors eagerly await the release of the minutes from the Federal Reserve's June policy meeting. Fed Chair Jerome Powell believes the risks of policy tightening are evenly balanced. The previous meeting maintained borrowing costs at 5% to 5.25%, but two rate hikes are expected in 2023. Gold prices briefly surged to $1,935 but quickly declined to $1,919. If...