Hello dear friends, let's explore the gold market over the past week! The previous week was particularly significant for gold, as it experienced a strong surge in price, reaching its all-time high of around $2,237. This increase in price was driven by market expectations of a potential interest rate cut by the Fed, prompting investors to flock towards gold and...
The global price of gold has seen an impressive increase, rising by $38.8 to $2,233 per ounce, marking its strongest month of activity in over 3 years. This surge has been driven by expectations of interest rate cuts in the US and strong demand for safe-haven assets. Spot gold has risen nearly 2%, reaching its highest point since July 2020 with a 9% increase,...
Hello dear trading community! Today, let's explore the GBPUSD pair together! Currently, GBPUSD is moving steadily, fluctuating around the 1.263 level, with minimal changes compared to yesterday's session. It seems that today, with the world on holiday, there won't be many significant fluctuations affecting our trading strategy. In the short term, the range...
Welcome investors, As we close this weekly trade, our attention is directed towards the GBP/USD currency pair. What is worth noting is the stability, with price fluctuating around the 1.261 unit, accurately reflecting our draw forecast of a sideways trend from today past. During the second half of the week, we found the US Dollar exerting pressure on the GBP/USD...
Hey there, forex family! Today, EURUSD takes a momentary pause as the global market enters a holiday period. However, looking ahead, the US dollar is strengthening, influenced by hawkish sentiment surrounding the Federal Reserve and expectations of higher interest rates. Technical analysis adds to the story, as the price breaks below the 1.0800 support level and...
The USDJPY pair continues to trade quietly and seemingly stagnant at record highs, lacking upward momentum. The prevailing trend favors a sideways movement despite signals from the EMA 34 and 89 continuing to support an upward bias. From a technical standpoint, any further price increase may encounter strong resistance and remain limited near the 152.00 level....
Today, USDJPY concluded its trading activities around the level of 151.35, with little change due to continued subdued trading throughout the past week. The strength of the US dollar, reinforced by hawkish statements from Fed officials, has not yet provided enough motivation for a significant increase in this currency pair. In the short term, the trend remains...
EURUSD remains pressured at the lowest level in five weeks, down for the fourth consecutive day, as market players await the US Federal Reserve’s (Fed) preferred inflation gauge, namely the Core Personal Consumption Expenditure (PCE) Price Index data for February. In doing so, the Euro pair pokes the key support line stretched from early October 2023 while...
Idea of gold trading: The price of gold in the world market has increased during this morning's trading session due to the lack of improvement in business environment and consumer confidence in the European economic region in March. Investors have expressed concerns about the global economy facing difficulties, leading them to increase their purchases of gold as a...
Gold prices returned to the red zone below $2,200 in Asian trading on Thursday, following a two-day recovery. However, gold and other precious metals remain constrained and are yet to make a breakthrough. The scarcity of economic data in the US has prompted investors to buy gold on Wednesday, amid increasing speculation about a Fed interest rate cut in June. All...
Hello dear friends, let's explore the price of gold today with RKarina! Currently, gold continues to maintain its strong position on Thursday, with prices showing a significant increase from $2175 at the same time yesterday, and currently hovering around $2190. As a result, the precious metal is on an upward trend as investors await inflation data from the...
Hello all traders! Today, I want to share my thoughts on the EURUSD currency pair, a hot topic for those who closely follow the forex market. Although EURUSD is still holding above the 1,080 support level, I see that the signal is not very positive for the future of this pair. Looking at the long-term trend, it seems that the pair is on the decline....
Hey there! Are you wondering whether GBPUSD will rise or fall today? Let's explore and find out together! Yesterday, GBPUSD continued its downward trend, seemingly solidifying its bearish trajectory by breaking below the support level at 1.261. The reversal signal from the 34 EMA line further indicates that the bear camp is currently dominating the market....
On Tuesday, GBP/USD recorded a bullish rally, reaching a high of 1.2670. However, this upbeat event did not last, and the pair lost its upward momentum in the second half of the day, when it finally traded below 1.2650 light to Europe Wednesday. Despite signs of technical indicators suggesting an increasingly strong bearish trend, the price currently remains...
GBPUSD prints mild losses around 1.2630 while paring the first weekly gains in three, so far, as traders await Thursday’s final prints of the UK and US Gross Domestic Product (GDP) for the fourth quarter (Q4) of 2024. In doing so, the Pound Sterling struggles to defend the previous week’s rebound from the 200-bar Exponential Moving Average (EMA) amid downbeat RSI...
Hello traders! Gold continues to tread water, maintaining stability around the $2077 level after touching $2200 yesterday. As the days go by, traders eagerly await the final GDP estimate from the US on Thursday, along with data on jobless claims and weekly personal spending. Additionally, the release of the US PCE Index on Friday could be a significant event risk...
"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...