Samson greeted everyone with a warm hello! Last Friday, Samson expressed that there might be a potential increase in the GBP, surpassing the level of 1.2230. However, maintaining a stronghold above this level could prove to be challenging. Additionally, Samson emphasized that the main resistance at 1.2270 would be difficult to breach. Unfortunately, the actual...
Gold prices rose again today following an unexpected military attack by Hamas on Israel over the weekend. This event has increased the demand for gold as a safe haven. Currently, gold is trading at $1855.
However, the rise in US interest rates continues to pose a challenge for gold. In order to see a significant increase in gold prices, the market will be closely...
Greetings everyone!
Currently, EURUSD is maintaining its trajectory without any significant impetus to break the ongoing downward movement. Based on projections, it is anticipated that EURUSD will experience fluctuations within the range of 1.0600 - 1.0400 in the upcoming days, indicating a continuation of the prevailing trend.
USDJPY began the trading week on a back foot within a two-month-old rising wedge bearish chart formation. That said, the Yen pair snapped a four-week uptrend in the last but failed to confirm the rising wedge, neither it could break the 200-SMA support. However, the RSI conditions and the MACD conditions join the quote’s failure to cross the 50-SMA immediate...
Greetings, esteemed traders! As anticipated, the GBPUSD pair demonstrated growth yesterday. During the weekend trading session, this pair benefitted from the decline of the US dollar on Friday. Consequently, buyers persist in propelling the price upwards, which currently stands at 1.223 and is projected to rise to 1.238. It is worth noting that a minimum of 1.217...
Hello to all my beloved companions!
Today, the price of gold got off to a promising start as it traded at its highest level in many months, reaching $1832 USD. This positive momentum was fueled by anticipated good news from the United States. The precious metal experienced a turnaround due to optimistic employment data, which suggests that the US Federal Reserve...
Yesterday, there was further upward movement in the Eurusd currency pair as anticipated.
The Eurusd pair reached a weekly high at $1.0600 and is presently trading steadily at $1.0584, indicating a marginal weekly increase. Surprisingly, the US dollar experienced continued weakening on Friday, which provided strong support for the Eurusd pair to...
USDCAD remains pressured for the third consecutive day after reversing from a 6.5-month high marked last week. In doing so, the Loonie pair struggles to justify the recent run-up of the US Dollar, mainly due to the risk-off mood, as Canada’s main export item, namely WTI crude oil, jumps 4.0% on geopolitical fears surrounding the Israel war. Apart from the strength...
Greetings, everyone! Today, as anticipated, the price of gold remains on a downward trajectory.
The precious metal is facing challenges in terms of increasing its value, which may result in the US Federal Reserve (Fed) maintaining higher interest rates for an extended period.
Consequently, sellers are likely to exert further pressure on gold prices, currently...
Hello everyone! The 45-minute prime time period appears to be relatively stable compared to yesterday's trading session. At the moment, the price is hovering between USD 1829 and USD 1812. Currently, it stands at USD 1819, experiencing a slight decrease of 0.05% per day.
Today, there will be news surrounding the US non-agricultural payroll data which will impact...
IOL Chemicals & Pharmaceuticals Ltd is poised for an upside move.
🔹Current market price standing at 472
🔹Breakout range is between 503-515
🔹Additionally, the promoters have increased their holdings in the last two quarters
🔹The balance sheet shows favorable signs
🔹Chart demonstrates the strong technicals
Before making any investment decisions, it is advisable...
"Ek Onkar"
Hello Traders,
We see a healthy correction of 30% in Granules. After the phase of correction the price is consolidating around the moving averages of 20, 50, 100 and 200 levels. Now the arrangement of the lines of moving averages indicates the start of a Bull run. Potentially the price has a strength to move 20 to 30% from these levels in 5 to 6...
Hello everyone!
Gold continues to maintain its record low today. The price of gold globally fluctuated between 1,820 and 1,830 USD/ounce last night. As of 6 a.m. on October 4th, the current price of gold is trading at 1,824 USD/ounce, which is a slight decrease of 3 USD compared to the previous day's price of 1,827 USD/ounce.
According to the Federal Reserve...
Greetings, everyone! Samson here. The current stability of BTCUSD is a promising indication. Given the market's turmoil, Bitcoin has the potential to serve as a viable alternative, considering both market conditions and the dollar index.
At present, BTCUSD is being traded at 27562 USD with an expected rise towards 28160 USD - 28634 USD.
Hello everyone, Samson here. Let's discuss USDJPY today.
Today, the Minister of Finance of Japan reiterated that the exchange rate must remain stable, reflecting fundamental principles and the government's readiness to take necessary actions to counter excessive volatility without excluding any options. This, along with overall weak risk sentiment, could benefit...
Greetings, everyone! As anticipated, the GBPUSD pair has maintained its upward trajectory. The US market data indicates strong growth. Moreover, the Federal Reserve's commitment to further strengthening prospects supports the rising interest rate of US Treasury bonds and delays adjustments for this week compared to the beginning of the year. This, coupled with...
