Trader_BrianFX

Trader_BrianFX Updated 

EUR/USD is steadfastly guarding the 1.0800 level during the European trading session on Friday. The pair remains stable amid a weakening US Dollar and optimistic sentiment, awaiting the Eurozone's leading inflation data for new directional momentum. On the chart, the pair is undergoing a retracement phase, showing a modest increase but still under the control of...

Trader_BrianFX Updated 

Hello dear brothers and sisters, let's dive into what's new with gold prices today! Yesterday afternoon, gold prices surged impressively, breaking through the significant resistance level at $2035 and nearing $2050 before stabilizing around $2045 for the first half of today. The core Personal Consumption Expenditures (PCE) in the US dipped from 2.9% to 2.8%...

Trader_BrianFX Updated 

Hello dear friends, let's discuss today's EURUSD market with me ! The EURUSD pair has been trading quite calmly and hasn't shown much price change, maintaining around 1.083 USD since the start of the week. Looking at today's short-term chart analysis: The pair has retreated beyond the 0.5 - 0.618 Fibonacci retracement levels, suggesting that sellers might have...

Trader_BrianFX Updated 

Hello, beloved friends! What are your predictions for the movement of gold today? Last evening, gold momentarily touched the $2025 mark yet swiftly rebounded to settle around the $2035 zone, continuing to encounter challenges around this resistance level. Given the narrowing of the Bollinger Bands, it is anticipated that gold will experience minimal volatility...

Trader_BrianFX

Gold prices remain stable around $2,035, witnessing a slight increase of 0.17%. This development follows the announcement by the U.S. Bureau of Economic Analysis (BEA) indicating growth in the country's economy. The decline in U.S. Treasury yields has kept gold near its monthly and weekly highs. The stock market indices have seen little to no change, with some...

Trader_BrianFX Updated 

Today, USDJPY saw a modest uptick, inching closer to a resistance level, with the current price standing at 150.741. This marks the fourth attempt by USDJPY to breach this particular resistance, technically primed to reach a multi-month high. Amid a strong US dollar, the Japanese Yen is losing ground as the Bank of Japan appears to falter or is unlikely to fulfill...

Trader_BrianFX

Today, the USDJPY experienced a dramatic plunge. Prices tumbled relentlessly from a peak of 150.844, settling around 149.789 after a tumultuous half-day. A glance at the analytical charts reveals that the pair has breached nearly all significant support levels, and the outlook remains in favor of further declines, much to the delight of the bears, with the...

Trader_BrianFX

The GBP/USD pair has broken away from the recent lows around 1.2620, rallying to 1.2660 at the start of the Asian trading session on Thursday. A renewed demand for the US Dollar (USD) ahead of significant events in the US is putting pressure on the major GBPUSD currency pair. Investors are now eagerly awaiting the release of the US Personal Consumption...

Trader_BrianFX Updated 

Hey lovely traders! The GBP/USD is fluttering around 1.2680 this Wednesday, as the markets eagerly await a fresh impulse from the Federal Reserve, with investors slowly stepping back from high-rate cut bets. This week's spotlight is on the U.S.'s GDP and Personal Consumption Expenditures (PCE) inflation data release. The UK's data front is a bit quiet this week,...

Trader_BrianFX Updated 

EUR/USD hovers around the 1.0850 mark, showcasing a steady demeanor following Tuesday's lack of significant catalysts to sway the pair in any definitive direction, especially after U.S. Durable Goods Orders in January fell more than expected. The market's gaze is now fixed on the upcoming release of the latest U.S. Gross Domestic Product (GDP) data later...

Trader_BrianFX Updated 

In the trading landscape of Tuesday in North America, gold witnessed a modest uptick, yet remained confined within a narrow range, reflecting a certain cautious sentiment in the market. The primary catalyst behind this growth was a slight decrease in the yield of U.S. Treasury bonds, casting a dim light on the U.S. Dollar. This is evidenced by the U.S. Dollar...

Trader_BrianFX Updated 

As we've moved through the first half of the trading day, gold has seen little change, hovering around $2028 USD and capped below the resistance level of $2035 USD, also showing signs of a double top pattern (indicating potential for a price decrease). Selling gold at this juncture seems to be a favored strategy, targeting profits at the support level of $2017...

Trader_BrianFX Updated 

Greetings to all Traders! Today, the EURUSD pair continues its upward trend, maintaining a strong position above the 1.084 level during the early trading hours of Tuesday. As long as the EUR/USD remains above the 34 and 89 Simple Moving Averages (EMAs), the outlook for this currency pair remains constructive. Looking at the 4-hour chart, a gradual return to...

Trader_BrianFX Updated 

Hello dear colleagues, what do you think today's closing price for gold will be? Last night, gold dipped despite a significant drop in the USD. Normally, a weaker USD supports a rise in gold prices. However, the last session defied market norms with the USD decline attributed to forecasts showing a drop in U.S. durable goods orders from 0% last month to -4.7% for...

Trader_BrianFX Updated 

Hello everyone, the GBP/USD pair has extended its upward momentum, trading below the psychological barrier of 1.2700 during the early Asian session on Tuesday. The FOMC minutes revealed that the Fed has reemphasized its data-driven approach, leading to a more dovish outlook, which weighed on the US Dollar (USD) and provided favorable winds for this currency...

Trader_BrianFX Updated 

Dear friends, yesterday's gold trading session was quite calm, with no significant fluctuations occurring. As of now, the price remains steady around $2033, firmly above the support level of $2025. Looking into the short and medium term, the upward momentum of gold is still viewed positively. Based on today's chart, the two main targets for buyers are...

Trader_BrianFX Updated 

Hello dear friends, today GBPSUSD continues to achieve a winning streak during the recovery process with a trading level of about 1,266 and is in the upward price channel with stability. It is expected that the price will continue to recover after the correction and reach the lower limit of the price increase channel and retest the EMA 34, 89

Trader_BrianFX Updated 

The EUR/USD pair is trading with a calmer trend as the US dollar (USD) sees a modest recovery in the early Asian trading session on Monday. Attention this week will be drawn to the US's January PCE inflation data, which could introduce volatility into the market. At the time of writing, EUR/USD is trading at 1.0819, marking a slight decrease of 0.03% for the day,...