GBPUSD is a bit clearer as we can see a clear pattern of higher highs and higher lows this week. The question will be whether bulls have one more push to the upside and push Cable toward the 1.2600 handle. If we do break below the 50-day MA we have support at the 1.2400 mark and lower at the 1.2360 mark. A selloff ahead of the weekend may also be on the cards as...
The dollar index DXY, which measures the U.S. currency with six peers, eased 0.029% to 103.73, staying close to the two-and-a-half month low of 103.17 it touched earlier this week. The index is down 2.8% for the month, on course for its weakest monthly performance in a year on rising expectations that the Federal Reserve is done raising interest rates and could...
World gold spot price is around 1,991.9 USD/ounce, down 0.92 USD/ounce compared to overnight. Gold futures price for February 2024 on the Comex New York floor is at 2,013.3 USD/ounce. However, experts commented that the decline in gold prices was stopped by expectations that the US Federal Reserve (Fed) had ended the cycle of raising interest rates. Lower interest...
The EUR/USD currency pair remains steady around 1.0900 as markets anticipate the release of Eurozone Purchasing Managers' Index (PMI) figures, with investors looking for signs of economic recovery in area. Upcoming data, expected to show manufacturing PMI at 43.4, services PMI at 48.1 and composite PMI at 46.8, could provide insight into the economic health of the...
Today is Thanksgiving Day, so gold prices will not fluctuate significantly. According to technical analysis, the H4 stochastic is decreasing, the H1 stochastic has also entered the overbought zone, so today we will surf to make good profits. TVC:GOLD SELL 1995-1997 TP1: 1990 TP2: 1987 SL : 2000 TVC:GOLD BUY 1985-1983 TP1: 1990 TP2: 1993 ...
The movement in the precious metal comes amid global economic sentiment hit by a weakening US dollar and speculation about a more dovish policy stance by the Federal Reserve. The Comex gold market has been fueled by these expectations. According to forecasts from CME's Fedwatch tool, there is about a one-third chance that the Federal Reserve will begin cutting...
The euro to USD exchange rate increased 0.06% at 1.0946. The dollar fell to its lowest level in more than two months, falling deeper than last week as investors largely believed that the Federal Reserve The state has completed its rate hike cycle and is looking ahead to when it might begin cutting interest rates. According to CME's FedWatch, the market is...
The h1 stochastic frame chart has reached the 97 superbought zone, while on H4 it is stochastic There is a return but the momentum is not strong, the histogram is also getting shorter, on the daily chart Stochastic has reached the overbought area but the histogram is still short so today our strategy is the main SELL OANDA:XAUUSD SELL 1990-1992 TP1:...