BankNifty Analysis - Stance Neutral ➡️ BankNifty also started the day with a gap up and then an immediate rise to the 46920 levels. This did not sustain as we gradually fell back to 46690 levels between 10.35 and 15.07. Surprisingly we had a 284pts rally in 15 minutes right back to the 46920 zone. The final close at 46785 looked pretty decent with the major gains...
"Hello dear traders! Today, it seems that USDJPY is frozen in time, hovering unchanged as it looks up at the peak around 151.700, a record high it has recently reached. Market pundits are taking a cautious stance towards USD/JPY, predicting that a Fed interest rate cut is not just a possibility but an inevitability; it's a question of 'when' rather than 'if'....
Hello, dear friends! What do you think about EURUSD today? As predicted, EURUSD has faced difficulties in breaking the resistance level at 1.086 and has started to retreat. The slight increase in the US dollar has led to a defensive risk sentiment, contributing to a mild decline in EUR/USD to the area of 1.0830, amidst increasing caution ahead of the release of...
Hello, wonderful companions! Let's delve into the golden hue of yesterday's market session. Gold seemed to pause after reaching $2,200 once again, finding a steady rhythm around $2,178 in the early hours of Wednesday's Asian trading session. Looking at the future prospects of gold, the short-term outlook remains optimistic. Predictions are being built around the...
Hello wonderful people! Let's dive into GBPUSD insights today. In today's North American trading session, the British Pound is making a modest comeback against the US Dollar, thanks to speculation that the Federal Reserve may cut interest rates in June. At this time, GBP /USD is trading at 1.2657, marking a 0.16% gain on the day. Essentially, GBP/USD is forming...
Let's delve into the motivation behind today's gold market! Early on Tuesday, gold slightly surpassed the crucial $2,150 mark due to predictions of the Federal Reserve cutting interest rates this year. Comments from Fed officials, indicating a dovish stance, have put pressure on the US Dollar, thus providing significant support for gold priced in USD. Looking at...
Hello everyone! EUR/USD has bounced back after two consecutive losing sessions, marking a comeback from recent weeks' lows around the 1.0800 light, countering the US Dollar's bearish bias. Starting the new week on a lighter note, the Greenback's recent rally has weakened, sending the US Dollar Index (DXY) falling below 104.00, despite US interest rates being...
Hello astute and wealthy traders! Let's delve into today's market dynamics! Gold (XAU/USD) continues to maintain a consolidating sideways trend this Tuesday, staying within the familiar range established over the past three weeks. However, the balance seems to be leaning towards the bullish side as the Federal Reserve prepares for a less restrictive policy...
Hello dear traders! What do you think about EURUSD today? After a strong increase on Wednesday, EUR/USD turned bearish on Thursday, ending the day in the red. The downward trend continued into Friday, with temporary trading fluctuating around the 1.0800 level. The strength of the US dollar has truly reversed the direction of EUR/USD, aligning perfectly with our...
Hello everyone, it's RKarina here again! Currently, USD/JPY continues to consolidate below the 151.50 level in the Asian trading session on Tuesday. Concerns about the Japanese government's potential intervention to strengthen the Yen are dampening the upward momentum, coupled with the overall weakness of the US Dollar, which is limiting the strong upside...
Hello everyone, let's find out how the price of gold fared last week and strategize for the upcoming week! Last week marked a significant moment for gold as it reached an all-time high of nearly $2222 USD. Market news, particularly rumors of the Federal Reserve cutting interest rates this year, played a crucial psychological role for investors, leading to...
Hello dear friends, are you curious about the gold price trend this week? As we enter a new week, gold has been steadily increasing by $10, reaching $2175 in Asian trading session. In the short term, it seems poised for further growth, although it may encounter resistance around the $2185 level. The monetary policy decisions of the Federal Reserve in June could...
Gold Update: In the early trading hours in Asia on Monday, the price of gold (XAU/USD) comfortably fluctuated around the $2,100 mark, receiving support from speculation that the Federal Reserve may cut interest rates by the end of this year. Investors are awaiting the release of the US Gross Domestic Product (GDP) data for the fourth quarter, which is expected to...
Hello dear friends, let's discuss and devise our strategy for the new day together! USD/JPY is witnessing a decline, fluctuating near the 151.00 level, as the Japanese Yen faces significant buying pressure amidst concerns about Japan's potential forex intervention, especially after this exchange rate reached a new high since the beginning of the year at 151.86...
Hello dear friends! GBPUSD is showing signs of recovery this Monday, bouncing back after a significant drop at the end of last week. The recovery started when it touched the Trendline, although the overall trend is still bearish due to the momentum the US Dollar (USD) has gained from Wall Street activities, despite the declining interest rates that have reinforced...
The EUR/USD has declined to the 1.0840 level in early Asian trading on Friday. This decline is believed to be due to the strength of the US dollar and higher US Treasury yields. Traders are eagerly awaiting Germany's IFO Business Climate Index on Friday, before Federal Reserve Chairman Powell's speech. From a technical analysis perspective, a pattern has formed...
Hello everyone, let's find out what's happening with EURUSD today! Last Friday, EURUSD ended the week with a downward trend. But today, it has found some support at the 1.080 level, causing a slight comeback with the current price hovering around 1.082 as it aims for a recovery towards the Fibonacci target of 0.5 - 0.618. If it can maintain the 1.080 support...
Hello dear friends, Yesterday our GBPUSD experienced a significant downturn. Based on fundamental analysis, GBP/USD extended its losses and formed a 'bearish' candlestick pattern, indicating the potential for further decline. If sellers break through the psychological level of 1.2600, it could pave the way for a level of 1.2500. On the other hand, buyers should...