Trader_BrianFX

Trader_BrianFX Updated 

Hello, dear friends! Let's dive into today's gold price together! Yesterday, gold experienced a downturn, adjusting after reaching an all-time high. The price is currently hovering around $2175 USD, marking a $30 decrease from the day before. The retreat in gold prices coincides with the resurgence of the US dollar. A shift towards risk-taking and a diminished...

Trader_BrianFX Updated 

Hello friends! Let's delve into today's glitter of gold prices! In the News: Today, gold (XAU/USD) struggles to leverage its recent bounce from the 100-hour Simple Moving Average support around the $2166-$2165 range. Instead, we're seeing a dip in the Asian session this Friday. Despite the Federal Reserve's policy update on Wednesday, investor focus is drifting...

Trader_BrianFX Updated 

Hello, cherished companions, yesterday our journey with GBPUSD took us through turbulent waters as we witnessed a sharp downturn. Delving into the fundamentals, GBP/USD has furthered its descent, crafting a 'bearish engulfing' candle pattern that heralds the potential for a deeper plunge. Should the sellers breach the psychological fortress at 1.2600, the path...

Trader_BrianFX Updated 

Hello friends, let's delve into USDJPY. The US Dollar Index (DXY) has hit a one-week low as the Fed hints at three rate cuts this year. Meanwhile, the Bank of Japan (BoJ) maintained its accommodating financial stance early this week, without signaling any future policy steps or normalization pace. Additionally, the prevalent risk-on mood may deter traders from...

Trader_BrianFX Updated 

Hello, dear friends, Today, EURUSD is experiencing a resurgence as the US Dollar weakens following yesterday's interest rate announcements from the Fed. The pair is currently trading at 1.093 and is expected to continue its upward trajectory now that it has completed its correction and rallied after retesting the two EMA lines. If the momentum remains favorable,...

Trader_BrianFX Updated 

Greetings, cherished companions, Today, gold is trading steadfastly above the $2200 mark, sustaining its upward momentum with a recovery of nearly $18 in the early trading hours. Yesterday's news brought another round of optimism as the Fed Chairman hinted once again at potential rate cuts within the year, bolstering traders' confidence and triggering a flurry...

Trader_BrianFX Updated 

Today's Gold Trading Strategy: On the global market today, gold prices have soared to a new peak of $2,197 per ounce, marking a significant increase of $40 per ounce from early morning. This has set a new record for the highest price in history. The meteoric rise in gold prices comes as the Federal Reserve opts to keep interest rates stable in its latest...

Trader_BrianFX Updated 

GBPUSD experienced a swift rise in price yesterday, a trend that continues at the current level of 1.279. While the momentum is showing signs of waning as short-term prices begin to consolidate, this point could provide a prime opportunity for short-term trade setups, as per our analysis. The first support zone, derived from the 0.5 - 0.618 Fibonacci retracement,...

Trader_BrianFX Updated 

Greetings, everyone! Today, USDJPY has continued its triumphant rally, with trades soaring above the 151.00 USD mark. The pair successfully closed above the resistance level of 150.700, hinting at the potential for further ascents. This surge comes on the heels of the Japanese Yen hitting a multi-month low following the Bank of Japan's modest rate hike on Tuesday....

Trader_BrianFX Updated 

Hello everyone, are you curious about the future trajectory of GBPUSD? At the moment, this currency pair is progressing rather sluggishly, exhibiting limited fluctuations. Nonetheless, a downward trend still seems to prevail. Currently trading at the 1.2727 mark, the outlook suggests a potential for further decline, especially when considering the convergence of...

Trader_BrianFX Updated 

Hello, cherished friends! Let's explore the pulse of the EURUSD market together today! In a serene trading session this Wednesday, EURUSD stands still at 1.086, mirroring yesterday's close. The Dollar's strength continues to challenge riskier assets, reinforcing the US Dollar Index (DXY) and influencing a slight dip in EUR/USD. A technical glance points to the...

Trader_BrianFX Updated 

Greetings, everyone. Today, the price of gold hovers around $2058 USD, much unchanged from this time yesterday, yet the market sentiment leans toward a continued decline. The Federal Reserve is widely expected to hold interest rates steady on Wednesday, with forecasts predicting a steady rate of 5.5%. However, traders are now shifting their focus to hints of...

Trader_BrianFX Updated 

As dawn breaks over the European trading session this Wednesday, gold (XAU/USD) strives to gather momentum within a tight range, holding its ground above the $2150 mark. The pulse of speculation quickens, fueled by last week's robust US consumer and producer inflation data, which signals the Federal Reserve's inclination to sustain a higher interest rate...

Trader_BrianFX Updated 

Hello everyone, as we anticipated, GBPUSD has continued its downward adjustment under the rebounding strength of the USD. The current trading price is at 1.268, firmly entrenched within the bearish channel. The next goal is to push this pair towards the 1.2625 support level, after all significant previous defenses have been breached by sellers. So, what about...

Trader_BrianFX Updated 

Greetings, friends! Curious about the golden gleam of the markets? Let's delve into the world of gold together! Yesterday, gold prices serenely glided through the day, unaffected by any major market waves in the absence of noteworthy news, with today's price cradling around $2160, signaling a soft resurgence. The $2145 mark stands firm as a pillar of support for...

Trader_BrianFX Updated 

Hello EURUSD traders, let’s dive into today’s dynamics: The EUR/USD pair continues to face modest downward pressure, dipping to 1.0850 in the early European trading session on Tuesday. This is attributed to the renewed vigor of the USD, asserting a bearish trend that has dominated recent days. With the current rate at 1.085 and a daily depreciation of 0.2%, the...

Trader_BrianFX Updated 

As dawn broke over the Asian markets this Friday, the GBP/USD found itself in a descent, meandering around the 1.2700 territory. The major currency pair dipped to its multi-day nadir near 1.2740 amidst a U.S. dollar revival, fueled by robust American economic data. Later today, market players will set their sights on the preliminary U.S. Consumer Sentiment for...

Trader_BrianFX Updated 

Hello everyone, Yesterday, EURUSD continued to struggle within its downward trajectory, ultimately concluding the trading week as a victory for the sellers. Currently trading around the 1.088 mark, this pair has decisively broken out of its previous uptrend channel. A corrective trend reversal might kick off as the new week begins, although it's likely to be...