Greetings everyone! The ascending trend in the 4-hour timeframe was disrupted by a significant breakthrough at 0.593. Consequently, the NZD/USD currency pair remains under selling pressure below the 0.5900 level, having failed to sustain above 0.6000 during early Asian trading on Tuesday. At present, this particular currency pair is being traded around 0.589,...
Let's explore the market today! Today, gold price continues to decrease by US $ 10.6 to $ 1,915.2/ounce and there is still little sign that the downtrend is cooling down. Gold has been heavily affected by the price increase of the US dollar and the increasing bond yields. The yield of American Treasury bonds has reached the highest level for many years, which...
The current price of gold is continuing its downward trend, with a trading value of $1,822 per ounce. This marks a decrease of $25 per ounce compared to earlier this morning. In the past 10 months, the price of gold has reached its lowest level due to two factors: the US dollar reaching its highest point in 10 months and an increase in US Treasury bond yields,...
Following a small rise on the prior day, GBPUSD extended its string of losses due to a combination of various factors that have boosted USD to its highest level since the beginning of the year, thereby exerting pressure on the primary currency. Analyzing the technical outlook on the D1 timeframe, it still indicates a trend towards decreasing chances of a...
Greetings, esteemed traders! In recent times, the EUR/USD pair has been endeavoring to discover any notable catalyst for a price surge. Presently, it is trading within a limited range of 1.0500 during the Asian session. The robustness of the Federal Reserve has bolstered US Treasury bond yields, thereby solidifying the position of the US dollar (USD). This...
Greetings, everyone! Allow me to present an update on the current status of GBPUSD. The currency pair is currently holding steady at approximately 1.2186, continuing its downward trend. Efforts are being made to regain lost ground. There is an anticipation of a minor decline in this particular currency pair, possibly reaching the psychological threshold of 1,211....
Hello everyone! Let's discuss this currency pair with Samson at the beginning of the new week. USDJPY continues to maintain its strong upward momentum in the new trading session this week. It is currently trading around 149.78 and is extending its gains towards the important level of 150.00, reaching a new 11-month high. On the other hand, this currency pair is...
The NZD/USD pair lacked any strong direction on Monday and experienced mild fluctuations in the first half of the European trading session. The spot price is currently trading below the psychological level of 0.6000, although it remains within an impressive range, reaching a two-month high on Friday. The increase in US Treasury bond yields, supported by prospects...
In the global gold market, the price of gold ended the week with a decrease of 15.9 USD to 1,848.4 USD/ounce. There are three factors that contributed to the decline in gold prices. Firstly, the recovery of the US dollar weakened demand for gold. Secondly, higher US bond yields made them a more attractive investment compared to gold. Lastly, the Federal Reserve's...
During the first trading hours in Asia on Thursday, the NZD/USD pair is still struggling to stay below 0.5900. The US dollar (USD) has gained strength, and the higher interest rates of treasury bonds are providing some support for NZD/USD. Currently, this currency pair is trading at around 0.5928, showing a slight increase of 0.09% for the day. Conversely,...
Curious about the current market fluctuations? Join Samson as we delve into the details. At present, gold is experiencing a minor fluctuation following a series of price reductions. The decline has reached over 0.36%, with the current trading value at US $1873. This recent uptick in price marks the end of this week's trading session. Despite this upward trend,...
Let's delve into the Gold market at the beginning of this week, alongside Samson. The opening price for gold today stands at a low $1843, which continues to face unfavorable conditions in the market due to the continuous rise in the USD index, currently surpassing 106 points. The increasing yield on US bonds and global concerns about inflation remain as factors...
Let's delve into the current market conditions. Today, the GBP/USD pair is experiencing a series of discounts that began on September 20th, trading below the 1.2150 mark. The positive economic data from the United States is intensifying the pressure on this particular currency pair. If the pair manages to maintain stability above 1.216, there is a possibility of...
Greetings to everyone. The pair of GBP/USD is currently experiencing a downward trend, with the current trading value at 1,2141. This decline can be attributed to the sudden suspension of interest rate hikes by the British Bank (BoE), while the Federal Reserve (Fed) has indicated a more hawkish stance and hinted at potential future interest rate increases. The...
Hello everyone, this is Samson speaking! GU is currently maintaining a strong position and trading around the price level of 1.222. In addition to that, according to recent information from the US Federal Reserve, inflation remains high in the US and there may be at least one more interest rate hike by the end of this year. Therefore, data will impact...
Hello dear friends! Let's explore the EUR/USD market today. Looking at the technical picture on the 4 -hour time frame we can see that the EU is still downtrend and is currently maintaining at 1,0645. If this pair of money escapes the potential trend of price increase is completely feasible. On the other hand, 1,0630 is considered as a support level right before...
Hello everyone! Let's join Samson in exploring today's market! EUR/USD is currently battling with the 1.0600 level on its path to recovery during the European trading session on Tuesday. This currency pair is receiving support from the pause in the US dollar's rally and the low-interest rates of US Treasury bonds, as risk sentiment stabilizes. We are awaiting...
Samson greeted everyone and would be happy to see you in today's discussion. Currently, EUR/USD is holding less than 1,0550, of which the US dollar remains stable and benefits from the psychology of hesitation that has supported the green coins on Tuesday. Price for this currency pair. EUR/USD exchange rate for short time at 1,0600 but quickly decreased. This...