Hello everyone, in today's trading session, EURUSD continued to decline following the trend observed in recent days, with the price fluctuating around 1.062 and has decreased by 0.15% so far. EURUSD's decline continues, in large part due to hawkish comments from US Federal Reserve officials, which has strengthened the Dollar and become a key barrier for with any...
Hello everyone, in the early hours of the weekend trading session on Friday, gold prices recorded a $35 increase, surpassing the $2400 resistance level. However, this upward momentum did not last and the price has since dropped, stabilizing at around $2,390 at press time. This fluctuation is the second time gold prices have increased sharply and then decreased,...
#ETHEREUM CHART ANALYSIS Current Price: $3040 Pattern Formation: Bull flag with strong support at $2900 Potential Scenario: A bounce could drive CRYPTOCAP:ETH to $3250, while rejection might lead to a retest of $2000 levels. Important Levels to Watch: Support: $2900 / $2200 Resistance: $3250 Keep a keen eye on these critical levels
At the start of the Asian session on Friday, the GBP/USD pair held firm at a defensive level around 1.2430. The British pound weakened against a stronger U.S. dollar, influenced by strong U.S. economic data and hawkish statements from Federal Reserve officials, leading markets to speculate that the The US central bank may postpone interest rate cuts until...
EURUSD extends the previous day’s pullback from a four-month-old support-turned-resistance as sour sentiment underpins the US Dollar demand early Friday. In doing so, the Euro pair takes clues from the bearish MACD signals while paying little attention to the RSI (14) line suggesting a weak support for the current momentum. With this, the quote appears well set to...
As predicted, EUR/USD began to correct yesterday, confirming a new bottom and climbing to 1.0678 in early Thursday trading. The EUR/USD pair's recovery was supported by renewed selling on the US Dollar and a risk-friendly market atmosphere. Currently, the main emphasis is on aiming for the Fibonacci retracement area from 0.5 to 0.618, which is set as the next...
Hi everybody! Today, let's explore together the factors that affect the price of gold! Last night, gold experienced a major correction. The precious metal has dropped significantly in price due to fading expectations of US interest rate cuts, which has reduced demand for gold as a safe haven asset, especially amid tensions. increased tension in the Middle...
Gold prices continued to rise today due to increased demand for safe-haven assets amid escalating tensions between Iran and Israel. This has prompted investors to flock to the gold and USD markets to protect their assets. Precious metals are on the rise even as US economic indicators and the USD index increase, raising concerns that the US Federal Reserve may...
Hello dear friends! During the first Asian trading session on Thursday, the GBP/USD pair traded light at 1.2450. The weakening of inflation in the UK has stimulated speculation that the Bank of England (BoE) may cut interest rates in the near term, putting downward pressure on the British Pound (GBP) against the Dollar. US Dollar (USD). Investors are eyeing key...
USD/JPY rose to 154.50 during the Asian session on Thursday, from a previous low of 154.00, as the US dollar rebounded from a recent decline and concerns about Japan will likely intervene in the foreign exchange market. The return to growth in risk appetite is supporting the recovery of this currency pair.
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AUDUSD prints mild gains around mid-0.6400s despite mixed outcomes of the Aussie employment report and the Reserve Bank of Australia’s (RBA) quarterly Bulletin. In doing so, the risk-barometer pair also cheers the US Dollar’s pullback, as well as cautious optimism in the market, while defending the previous day’s rebound from 78.6% Fibonacci retracement of October...
Today, the price of gold continues to remain high and has a tendency to increase to nearly 2385 USD, with moments approaching the threshold of 2,400 USD/ounce. Escalating tensions in the Middle East serve as a supportive factor for gold. Recent capital flows have consistently sought out gold as a safe haven. Gold could easily surpass the 2,400 USD/ounce mark for...
USD/JPY is experiencing a slight decline, trading around 154.65 in the early hours of Wednesday's Asian trading session. The strong US economy and inflationary challenges have sparked speculation that the Federal Reserve may postpone the start of its tapering cycle to September instead of June, providing support for the US dollar. From a technical perspective,...
GBPUSD traders lick their wounds at the lowest level in five months early Wednesday as the monthly UK inflation data, namely the Consumer Price Index (CPI), and a speech from Bank of England (BoE) Governor Andrew Bailey loom. Apart from the pre-data anxiety, the oversold RSI (14) also challenges the Pound Sterling sellers at a multi-day bottom. With this, the...
Hello everyone, are you curious about the current trend of EURUSD? Today, EUR/USD has risen to nearly 1.0650, recovering from its five-month low of 1.0622 reached last Friday. The US dollar has strengthened due to increased buying pressure in the midst of political instability, which has put downward pressure on this currency pair. The support level of 1.070 has...
EUR/USD continues to decline, nearing the 1.0620 level and moving away from the year's low of 1.0600 recorded at the beginning of Wednesday's Asian trading session. However, hawkish comments from Federal Reserve officials and the flow towards safe-haven assets could strengthen the US dollar and limit any short-term benefits for this currency pair. Nevertheless,...
Dear investors, We are currently at an important turning point, faced with the choice between reinvesting in gold - an investment that has eternal appeal, or going in another direction, exploring new opportunities. Yesterday, gold experienced strong fluctuations, when the price fell below 2,325 USD/ounce. However, as if it were participating in a detective...