Trader_BrianFX

Trader_BrianFX Updated 

Hello dear friends, today we're seeing the gold prices temporarily closing at around $2156, still submerged in a downward trend as the market is taking profits after the dizzying increase to nearly $2200 just last week. Throughout the past week, gold faced pressure due to the strengthening of the US dollar, with all news seeming to be unfavorable for this...

Trader_BrianFX Updated 

Hello cherished trading community! What are your thoughts on EUR/USD today? Yesterday, the pair experienced a notable decline, aligning perfectly with our expectations. It's currently orbiting the 1.087 mark, drawing some supportive momentum from its previous support levels. In recent developments, a fresh aversion to riskier assets, combined with favorable...

Trader_BrianFX Updated 

Hello everyone, On March 15, the gold market saw a surge before the rising US dollar and Treasury yields nudged its price down from the peak. Gold is now around $2163 USD, against a mixed US economic backdrop. Retail sales increased by 0.6% in February 2024, below the 0.8% expected, while the core PPI stayed at 2%. Speculation is that the Fed may be more...

Trader_BrianFX Updated 

After some tranquil sessions, the US Dollar has regained its momentum ahead of the opening of the US market this Friday. XAU/USD dipped to $2,163.75, not far from the weekly nadir of $2,150.50, hovering slightly above the support zone. The greenback gained considerable strength following the release of the US's mixed macroeconomic figures, suggesting the Federal...

Trader_BrianFX Updated 

Greetings, esteemed forex enthusiasts! Today, the USD/JPY is exhibiting a robust rebound, currently stationed at the 148.45 mark. It has ascended to a more than one-week high during the closing session of the week. A haze of uncertainty over the Bank of Japan's policy stance, coupled with expectations that the Fed might sustain its higher interest rate policy for...

Trader_BrianFX Updated 

Greetings, everyone! Today, the USDJPY pair extends its recovery streak, oscillating around 147.67, buoyed by a resurgence in the US Dollar from last night's momentum. A new support level has emerged around the 146.75 mark. The Japanese Yen (JPY) struggles to capitalize on the day's modest gains, marking its third consecutive day of decline. Thus, we remain...

Trader_BrianFX Updated 

The GBP/USD pair has entrenched itself above the 1.2800 support as the Asian markets awaken on Tuesday. Lower bets on a Bank of England (BoE) rate cut are casting a shadow over the Pound Sterling (GBP). Traders are now poised for a jolt of momentum from imminent UK job figures and the US CPI inflation data. At the moment, GBP/USD hovers near 1.2814, steadfast in...

Trader_BrianFX Updated 

The GBP/USD pair remains beneath the psychological hurdle of 1.2800 during the early trading hours in Asia on Wednesday. Strengthening after the U.S. CPI inflation data for February, the U.S. Dollar has driven this major currency pair lower. Investors are on standby for the UK's January GDP growth figures, anticipated to show a 0.2% month-on-month increase. A...

Trader_BrianFX Updated 

Hello dear friends, the EURUSD pair has begun to recover from yesterday's decline. It's currently oscillating around the 1.093 level and remains robust within its uptrend channel. The ECB has clarified its intention to maintain stringent policy measures for as long as necessary to achieve its inflation targets. Optimism surrounding the ECB's stance could lend...

Trader_BrianFX Updated 

Hello everyone! What's your current perspective on EURUSD? Today, this currency pair finds itself under renewed bearish siege as the US Dollar Index (DXY) enjoys a robust rally, revisiting the 103.20 zone amid investor digestion of the US's higher-than-anticipated inflation figures as measured by the CPI. EURUSD is now hovering around the 1.0927 mark, having...

Trader_BrianFX

Gold broke its downward trendline and surged last week. Yet, today, this precious metal is undergoing a correction after its rapid ascent, with its peak nearing $2200 USD. Currently positioned around $2160 USD, the metal is expected to further decline, not only providing better buying opportunities but also enhancing market liquidity and accumulation potential.

Trader_BrianFX Updated 

USDJPY has initiated a recovery, climbing to 147.33 with support garnered from the 146.500 region. The price started to adjust and rise as the Japanese Yen weakened following the Bank of Japan's (BoJ) skepticism about Japan's economic outlook. Meanwhile, market sentiment remains positive ahead of the US Consumer Price Index (CPI) data for February, to be released...

Trader_BrianFX Updated 

Hello traders, let's dive into the gold market, XAUUSD, today! Gold is presently oscillating around the $2160 mark in the early trading hours of Wednesday. The metal faced a considerable downturn last night as news releases bolstered the US Dollar, thereby curbing XAUUSD's ascent. Chart analysis suggests a modest recovery for gold, finding support at $2153. Yet,...

Trader_BrianFX Updated 

Gold prices are hovering near record highs, reaching close to $2,200 USD/oz last Friday. The precious metal's momentum is pausing as investors await a pivotal US economic data release. The US Department of Labor is set to unveil the February CPI report on Tuesday (3/12). Economists surveyed by Dow Jones anticipate a 0.4% month-over-month increase in CPI for...

Trader_BrianFX Updated 

Hello, dear friends. Today, USDJPY continues its unabated downtrend, currently positioned at 146.68, shedding 0.25% for the day. Expectations are mounting that the Fed may ease its tight policy stance in June, which has put pressure on the US Dollar, bringing the US Dollar Index down to 102.70 against a basket of six major currencies. Additionally, increasing...

Trader_BrianFX Updated 

Hello everyone! What's your take on today's gold prices? As of Monday, gold has been trading steadily, maintaining its position around the $2180 mark up until now. The trend for gold is becoming increasingly unpredictable as its recent surge has cooled, marking a departure from the rapid increases seen in the previous week. Gold's next move is shrouded in...

Trader_BrianFX Updated 

Hello, GBPUSD traders! The GBPUSD pair has formally established a new peak just shy of the 1.2900 mark, and the bias leans towards a modest downward correction as the pair faces pressure from a gradually recovering USD at the start of the week. Nevertheless, the decline in GBPUSD is expected to be limited, with two support levels acting as potential pivots...

Trader_BrianFX Updated 

EUR/USD soared to its highest since early January, breaching 1.0980 on Friday, but reversed gains in the US session to close slightly lower. The pair ended the week nearly 1% up, settling just below 1.0950 as the new week kicks off. A dip in the US 10-year Treasury yield to 4% following the February jobs report has kept the USD on a weaker footing against its...