The Gold continues its bullish momentum as it neared a nine-month high on Friday to close the week at the $1,920 level which shall be the basis for our trading activities in the coming week(s). As confidence that the Fed is almost done with raising rates gets stronger by the day, will the Gold experience a retracement phase in the coming week? In this video, we...
Following our previous analysis on the USDJPY where it was possible to scoop over 500 pips profit (see link below for reference purposes); price action is at a critical juncture at the moment as it oscillates around the 128.000 level. The Greenback weakens in the wake of the CPI and the Japanese Yen continues to soar ahead of the BoJ monetary policy and interest...
Despite a choppy situation for the GBPUSD where price action was caught with a range at 1.22500 and 1.21000, the Pound Sterling rose by 0.1% to close the week at 1.22250, and this is likely as a result of the data released earlier on Friday. At this point, I am of the opinion that the data from the macroeconomic events (Claimant Count Change & ILO Unemployment...
This is a follow-up video to my previous analysis on US Oil commodities where we scooped close to 2,000 pips profit to start the year on a profitable note (see link below for reference purposes). Tagged the worst trading starts for a year since 1991 - The US Oil posts its biggest weekly loss in a month after reversing gains prior to the U.S. nonfarm payrolls event...
This is a follow-up video to the last week's analysis on the XAUUSD where we scooped over 4,000 pips profit to start the year on a positive note. Gold appears to be on the verge of recovery as price action breaks out of a strong supply zone ($1,820) for the first time in months to send a signal of new hope. In this video, we look at the current market structure...
This is a follow-up video to last week's analysis on the USDJPY which scooped over 850 pips in profit to start the year on a profitable note (see link below for reference purposes). The US Dollar started the year on a positive note as it climbed up to test the 135.000 level before selling pressure resumed following the NFP release hereby relinquishing some of its...
This is a follow-up video to my previous analysis on the GBPUSD where we scooped over 400pips profit to start the year on a profitable note (see link below for reference purposes). The U.S. dollar started the year on a positive note, trading near a one-month high after healthy employment data pointed to a strong labor market ahead of the most anticipated...
The last year closed on a sour note for the British pound as hopes of a significant recovery during the last quarter diminished to close at the 1.21000 zone. In this video, we looked at the chart from a technical standpoint where we identified a simple structure within the 1.21000 and 1.20200 zone as price action transitioned into a reversal pattern on the 4H...
The channel between $1,820 and $1,780 last month reveals there's uncertainty about the fundamentals around the Gold. As the new year begins, there is a tendency to be some level of fear in the market as portfolio managers and traders will not want to be in a real risk-on position, especially in a week that is laced with key macroeconomic events. From a long-term...
Asian currencies witnessed a positive start to the new year as investors bet on slower interest rate hikes by the U.S. Federal Reserve and a weaker dollar. Despite a dull start to the year, It is worth noting that the first NFP for the year is a high-impact macroeconomic event that has a tendency to bring some liquidity into the market and we are likely going to...
The prices of US Oil witnessed an unstable swing in 2022; climbing on tight supplies amid the war in Ukraine, then rapidly sliding during the later part of the year on weaker demand from top importer - China and worries of an economic contraction, but closed the year on Friday with a second straight annual gain a little above the $80 (as against $75 in 2021). This...
This is a follow-up video to my previous analysis where we made over 1,000 pips in profit (see link below for reference purposes). Crude oil prices witnessed significant gains to close last week's trading session with approximately 8% growth as Moscow said it may cut oil production to offset price caps on Russian crude imposed by the G7 nations and the European...
This is a follow-up video to my previous analysis on the XAUUSD where we closed the week with over 4,000 pips in profit (see link below for reference purposes). Gold prices fell further away from the key level at $1,800 last week as concerns over rising interest rates and a potential recession in 2023 saw investors pivot into the dollar and Treasury yields....
Despite missing out on the initial bearish move on Tuesday, we were still able to close the week on a profitable note with about 700 pips in total (see link below for reference purposes). The outcome from last week indicates that the U.S. dollar continues to plunge hereby handing back some of the previous session’s gains as participants attempt to gauge the...
The British Pound slipped lower in the last 10 days, handing back some of the previous session’s gains hereby dropping by 3.4% to close last week's trading session below the 1.21500 key level. With a breakdown of the $1.21500 level last week, will the decline continue? Price action is currently at a critical point as it currently trading along the bullish...
The ECB hiked interest rates on Thursday, following the lead of the U.S. Federal Reserve, and pointed to more tightening to come as increased fears of a potential global recession linger. In this video, we looked at the chart from a technical standpoint and we noticed that resumed selling pressure below the $1.07000 level since the beginning of this month could...
This is a follow-up video to my previous analysis on Gold where we were able to close the week with over 4,000pips in profit (see the link below for reference purposes). Despite a sharp bullish run at the beginning of last week, the price of Gold settled below the $1,800 mark, finishing with a 0.9% growth in value. In addition to the renewed hawkish tone of the...
Following a rollercoaster🎢 of ups and downs last week, we were able to close the week with over 500pips in profit (see the link below for reference purposes). Results from Friday's data revealed that Japanese manufacturing activity contracted more than expected in December thereby weakening demand and further denting productive capacity. How will this development...