Gold prices (XAU/USD) halted a two-day decline during the European trading session on Monday. Weaker-than-expected US employment reports have raised the likelihood of the Federal Reserve cutting interest rates in September, which weakened the US dollar and boosted the price of gold priced in USD. However, there's concern that easing tensions in the Middle East,...
Hello everyone, Brian here! The EUR/USD has ascended to a three-week high, nearing 1.0800. This strength in the primary currency pair is bolstered by the weaker-than-expected US Non-Farm Payrolls (NFP) report, which has put pressure on the USD, benefiting EUR/USD in turn. From a technical perspective, the EUR/USD extended its winning streak to the third session...
Hello everyone, Brian here. Today, gold ends the trading week hovering around the $2,300 mark during the Friday session in the U.S. The 10-year U.S. Treasury yield remains just below 4.6% following weak U.S. data. Despite this, an improved risk sentiment has prevented XAU/USD from gaining any significant momentum.
Hello everyone, Brian here. Today, after experiencing a downturn in the first half of Thursday, GBP/USD made a turnaround, posting a slight daily increase. The pair continued its recovery into early Friday, trading slightly above the 1.2550 mark in a positive zone. Wall Street indices opened in the green and climbed higher on Thursday. The U.S. Dollar (USD)...
Hello everyone, it's Brian here. Today, gold prices have stabilized around $2,300. Factors contributing to this stability include positive market sentiment, falling U.S. Treasury yields, and a weaker U.S. dollar. Traders are still digesting remarks from Federal Reserve Chairman Jerome Powell, as well as the central bank's decision to maintain interest rates....
EUR/USD has revisited the recent consolidation high on Thursday, reclaiming territory north of the 1.0700 threshold as market risk appetite stabilizes ahead of another US Non-Farm Payrolls (NFP) report on Friday. Price action has been aligning with the 34 and 89 EMA as the market anticipates a direct catalyst that could decisively influence the trend...
Gold prices clung to the $2,300 mark during the North American trading session on Thursday amid optimistic market sentiment, falling U.S. Treasury yields, and a weaker U.S. dollar. The 4-hour chart reveals that this pair is currently trending below the 34 and 89 EMA, despite a modest rise to $2,323. Technical indicators have rebounded from initial lows but remain...
Hello everyone, it's Brian here. Today, XAUUSD saw a recovery during the Asian trading session, but as we moved into the European session, the price began to decline again. At this moment, gold has lost nearly $13 and is currently trading around $2307, marking a 0.51% decrease for the day. The downtrend in gold continues to be significant as the technical charts...
Hello everyone, let's delve into today's gold prices! After hitting a low of $2,282 yesterday, gold has somewhat regained momentum, surpassing the $2,300 mark and currently fluctuating around the EMA 34 and 89 lines, with a price around $2,318 in the early hours of Thursday. Gold is still undergoing a correction phase, especially after the Federal Reserve...
Hello everyone, Today, the GBP/USD pair saw an uptick, approaching 1.2535 at the start of the Asian trading session. This rise is primarily fueled by a sharp decline in the US Dollar (USD) following the Federal Reserve's decision to maintain interest rates. From the technical charts: GBP/USD has left its previous downtrend behind, embarking on a new upward...
Hello everyone, Today, EURUSD continues to hover around the familiar level near 1.071, still entrenched in a long-term downtrend. On the trend front: We are anticipating important updates from the Eurozone with the release of the HCOB Manufacturing Purchasing Managers' Index (PMI). This data could provide fresh insights into the next moves for EURUSD. In the...
Hello everyone, Brian here! Yesterday, XAUUSD closed stably around $2338, largely unchanged from last week despite significant economic reports, including Friday's PCE index. The overall PCE index rose by 0.3% from February and 2.7% year-over-year. Adjusted personal consumption expenditures increased by 0.5% from last year, marking the largest increase this...
Hello everyone, Brian here! Expect EURUSD to continue its downtrend: The pair has completed its retracement to the 0.5 Fib level and successfully tested the EMA 34 zone. Technical analysis conditions, along with the ongoing long-term trend, favor the sellers. Happy trading, and don't forget to like and comment if you enjoy this analysis!
Hello brian, let's find out about gold price today! Currently this precious metal has surpassed more than 15 USD compared to the same time in the session yesterday. Accordingly, the rising momentum was supported in the short term of the cow side that remained stable in the price increase channel and established the high levels of the bottom. It is expected that...
Gold prices (XAU/USD) attracted buyers for the second consecutive day on Friday, trading just below the overnight high during the European trading session. The US GDP report released on Thursday indicated a significant loss of growth momentum at the start of 2024, along with an unexpected rise in inflation, thereby providing some support for the precious metal.
Hello everyone, Brina here! Today, after closing positively for the second consecutive day on Thursday, GBP/USD has regained momentum and climbed above 1.2500 for the first time in nearly two weeks. The short-term technical outlook for this pair indicates an uptrend as it has successfully broken through the resistance at 1.248 and transformed it into new...
Hello everyone, Brina here! Today, after closing positively for the second consecutive day on Thursday, GBP/USD has regained momentum and climbed above 1.2500 for the first time in nearly two weeks. The short-term technical outlook for this pair indicates an uptrend as it has successfully broken through the resistance at 1.248 and transformed it into new...
During the bustling trading session in Europe on Wednesday, the GBP/USD pair maintained its position below the 1.2450 mark. The broad depreciation of the US dollar, coupled with a risk-on sentiment in the market, has lent support to this currency pair. In the short term, the upward trajectory continues to gain momentum as the pair breaks out of its previous...