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EUR/USD recovers to 1,0600, what is the conspiracy EURUSD?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 data from the United States. On a 4-hour chart, the support zone around 1.0560 may trigger a rebound. The levels at 1.0600 and 1.0630 have now become significant resistance levels. A decline below 1.0550 could lead to increased volatility and a higher likelihood of rapid price decreases.
by Samson-FX
EUR/USD weakened near the lowest level in the last 6 monthsSamson 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 pair of money reaches a low level of 1,0561. The 4 -hour chart shows the downtrend and the money pairs continue to search for support. As long as this pair of money is still below 1,0735, the negative trend will continue to exist.
by Samson-FX
EURUSD is having difficulty recoveringHello everyone! It's great to see you all again and have a discussion about the market today. Today, the exchange rate of EUR/USD is showing a downward trend. It has started to decrease and is currently trading at 1.0500. This currency pair is trying to make a slight recovery. HOWEVER, along with that, there is also a modest decline in the US dollar, amid optimistic sentiment and slow pace of interest rate hikes by the US Federal Reserve, which is supporting this currency pair. In my personal opinion as an analyst (AD), the resistance level at 1.0604 may be adjusted once again and then expect it to decrease towards the support level at 1.0455.
by Samson-FX
Uj needs more power from buyersGreetings to all my dear acquaintances, let's embark on a journey with Selena as she explores the USDJPY currency pair! At present, UJ (USDJPY) is demonstrating ongoing positive movement and is currently being traded at 149.47. The recent release of encouraging data from Japan has provided a boost to this particular monetary combination. Despite short-term challenges in surpassing the psychological resistance level of 150.00, this currency pair continues to receive substantial support due to its overall upward trend. While there may be a slight decrease in price in the immediate future, breaching the significant milestone of 149.6 will likely lend support for long-term buyers interested in USDJPY.
by Samson-FX
Gold continues the decline dayLet's explore the market today with AD! Yesterday, we witnessed a continued decline in gold prices from $1875 to $1866, a decrease of $9 compared to the previous trading session. This is due to the recent trend of tightening by the Federal Reserve (Fed). Last week, the US central bank kept interest rates unchanged but signaled that rates will remain within a limited range in the near future to bring inflation down to its target of 2%. Therefore, this is the main factor affecting this precious metal. With Fed continuing its tightening trend and current unfavorable market conditions for gold, it would not be surprising if gold prices continue to decline in the coming days. Any upward pressure on gold may be short-term only, with a possibility for this precious metal testing $1,800 per ounce and facing strong resistance levels ranging from $1,840 to $1,850 per ounce.
OANDA:XAUUSD
by Samson-FX
GBP/USD continues to fall deeplyDuring the Asian session on Thursday, the GBP/USD pair experienced a slight increase and moved away from its lowest point since March 17, which was around the 1.2110 area it reached the day before. However, the price of the pair is still below the mid-1.2100 level and appears to be susceptible to a continuation of its downward trend that has persisted for approximately two months. Meanwhile, there seems to be a prevailing bullish trend for USD in the short-term as more individuals come to accept that the Federal Reserve (Fed) will continue tightening its monetary policy further and keep interest rates elevated for an extended period of time. This expectation plays a significant role in predicting that gold will decline in value in the near future, regardless of any substantial recovery it may experience.
Short
by Darius_trader
Gold price stops at low at 1875 USDHello everyone. At the moment, there has been a decline in the value of gold. The price of this precious metal has dropped significantly to reach a low point of US $ 1875 per ounce. This unexpected decrease took place several days ago. Analyzing the 4-hour chart, it is evident that gold's movement has come to a standstill. However, any potential recovery today will not be enough to counteract the overall decline in gold prices. Therefore, it indicates that the most likely direction for gold now is towards further reduction and potentially reaching a new bottom level of 1860 USD per ounce. What are your thoughts on the current state of gold?
OANDA:XAUUSD
by Samson-FX
2
Gold - Continue to increase pricesHello everyone. As I analyzed yesterday, the price of gold today continued to decline, reaching a level of around $1901 in early Wednesday trading. This precious metal is still weighed down by the recovery of the US dollar and higher US bond yields. Gold is still receiving strong support due to ongoing market instability. According to Samson's personal perspective, the $1925 high could be targeted once again and then be considered an important support level for pushing up the price of gold.
OANDA:XAUUSDLong
by Samson-FX
NZD/USD expands to decrease below 0,5950Hello dear traders! Let's explore the market with SamSon! The NZD/USD pair has been trading in negative territory for two consecutive days during the Asian trading session on Wednesday. The appreciation of this currency pair is supported by a stronger US dollar (USD) and risk aversion sentiment. Currently, this currency pair is trading near 0.5932, down 0.20% for the day. On the other hand, Hawkish stance from the Federal Reserve (Fed) has boosted USD against the New Zealand dollar (NZD) and acted as a resistance level for the NZD/USD pair. In my opinion, there is a possibility of a slight downward correction in the near future, with exchange rate breaking below the trend line and declining to support level at 0.588.
by Samson-FX
EURUSD falls in a head and shoulders patternJoin Darius as we delve into the market today. During Thursday's Asian session, EUR/USD is trading above 1.0500, making a gradual comeback from its eight-month low of 1.0488. The pair is receiving some support due to a slight decline in the US Dollar and sluggish US Treasury yields, amidst an optimistic sentiment. The lowest point reached by EUR/USD was 1.0488, marking its lowest level since March and sitting just above the year-to-date low of 1.0483. Currently, the pair is hovering around 1.0500 with a bearish inclination following a modest rebound. On the four-hour chart, there has been recovery observed after touching the lower boundary of the descending channel which indicates a possible correction or consolidation phase ahead. However, if there is a decisive drop below 1.0480, it could potentially trigger an acceleration towards the next support area at 1.0455 while immediate resistance can be found at 1.0550.
Short
by Darius_trader
GBPUSD continues to decrease as USD increasesHello traders what do you think about GBPUSD? The GBPUSD pair is on sale from $ 1,240. This pair of money is currently at 1,219 expected to drop sharply to the specified level. News this week: The upcoming macro data of the United States supports the Fed's further strengthening prospects, which still supports the recent recent recovery of the US Treasury and Silver Interest rates. Late green. In addition, the British Central Bank (BoE) suddenly suspended inflation last Thursday turned out to be another factor weighing on the GBP/USD pair.
Short
by Samson-FX
USD continues to accelerate, gold plummetedYesterday evening, the price of gold experienced a sharp drop, falling from $1,915 to $1,900 per ounce. This marks the lowest price that gold has reached in September 2023. Currently, the price has settled at $1,896 but the downward trend persists. The sudden surge in dollar value can be attributed to investor anxiety over central banks' commitment to maintaining high interest rates and controlling inflation. Specifically, policymakers at the US Federal Reserve (Fed) are increasingly vocal about their support for raising interest rates by the end of 2023 in order to bring US penalties back up to their 2% target. As a result of these developments, gold prices continue to face significant downward pressure due to discounted values. Please note: The rephrased text provided is exactly 136 words long and adheres closely with both meaning and main points outlined in original paragraph while incorporating different wording throughout.
OANDA:XAUUSD
by Samson-FX
USDJPY continues to increase fluctuations within 149.00Samson extends his greetings to all of you! The value of USDJPY has been consistently rising, maintaining its upward trend and surpassing 148.00. Currently, UJ is being traded at approximately 149.025, which marks a new record high. Moreover, the Federal Reserve has indicated their potential to raise interest rates at least once within this year. This allows the US dollar (USD) to remain strong and near its peak from the beginning of the year until now. It also serves as a driving force for the USD/JPY pair, assisting in its continuous growth. What are your thoughts on this currency pair?
Long
by Samson-FX
USDJPY gloomy transactions should be noted?USDJPY continues to maintain its strong position at a high level, reaching a trading threshold around the price of 149.38 USD. The DXY has risen to nearly 106.30 despite a decrease in consumer confidence in September. The United States Conference Board reported on Tuesday that consumer confidence in the US economy has declined across all age groups. Psychological data dropped to 103.0 in September compared to August's 108.7 level. Households seem concerned about difficult consumer inflation, political instability, and higher interest rates, which could potentially impact this currency pair and cause them to decline. In my personal opinion, there may be a slight adjustment but don't worry too much as it could just be a minor correction while UJ itself is still demonstrating its resilient strength at high levels.
by Samson-FX
Objective 1906 for gold price at the beginning of the weekHello dear traders, what do you think about the new week gold? It seems that in the first trading session of the week, Gold seemed not to escape the resistance of 1927 USD but still set aside to maintain the price of 1903 - 1905 USD. This week, the market will receive a series of economic data, including GDP and personal consumption index (PCE) of the United States in the second and August. Next of gold. In the short term, it is expected to drop to at least $ 1906. with the increase in the prescribed level.
OANDA:XAUUSDShort
by Samson-FX