⚡️Market news
The United States Dollar (USD) has entered a phase of consolidation, with prices reaching near six-month highs compared to its major counterparts. This upward momentum is supported by the recent recovery in US Treasury bond yields and widespread risk aversion sentiment.
Traders, who are risk-averse by nature, have been cautious ahead of the Federal...
⚡️Market news
Gold prices traded more steadily on Friday, thanks to supportive policy measures and strong business activity data from China. These factors boosted market sentiment and dampened the safe-haven demand for the US dollar, limiting its recent appreciation.
Furthermore, concerns about low yields on US Treasury bonds also provided additional support for...
🍀Gold price trades higher around $1,930 a troy ounce, rebounding from the losses registered in the previous week. The pullback in the USD is providing support in strengthening the prices of Gold, which could be attributed to the lower likelihood of the US Fed keeping interest rates unchanged in the upcoming September.
🍀Gold price increased in today's Asian and...
Hello dear traders! Nice to see you all again to explore and discuss today's market!
Currently, the gold price has had a slight decrease from the previous session after reaching a peak of $ 1,952.79 / ounce, the highest this month, then falling to $ 1,936 / ounce.
Gold is expected to see significant changes ahead of the Federal Reserve's upcoming monetary policy...
GBP/USD clings to small daily gains but finds it difficult to surpass 1.2500 on Friday. The bullish opening in Wall Street makes it difficult for the USD to continue to outperform its rivals and helps the pair hold its ground heading into the weekend.
At the end of last Friday's session, GOLD had confirmation of a sideways accumulation around the 1916 - 1928 border after the price tried to push up past the 1928 peak but then sold back strongly during the night of Friday, which This shows the hesitation of investors before the US inflation announcement on Wednesday night this week.
If we label the short-term...
⚡️In a speech at the central bank conference in Jackson Hole, Wyoming, Fed Chairman Jerome Powell said inflation remains too high even with recent favorable figures and that the US central bank has room to substantial basis to regain price stability. But at the same time, Powell noted that economic uncertainty calls for "aggressive" monetary policymaking and that...
Gold price today continued to maintain a downtrend and traded around 1925 usd/ounce.
It can be seen that last night, the USD had a hot session again, causing gold to come under downward pressure and hit its lowest level in the past week.
In the near future, the gold price may drop further to the threshold of 1,900 USD/ounce when the USD is still rising. If on...
EUR/USD is extending its sideways trading in the European session on Thursday. The pair lingers near three-month lows, as the US Dollar clings to recent gains amid a risk-off market profile. EU/ US data and Fedspeak awaited.
The EUR/GBP cross gains momentum above the mid-0.8500s during the early European session on Thursday. The cross currently trades near...
Gold price regains positive traction and remains within the striking distance of a one-month top. Expectations that the Federal Reserve is down with its rate-hiking cycle underpin the XAU/USD. A positive risk tone might hold back bulls from placing aggressive bets and cap any further gains.
On the hourly time frame, the ascending channel resistance was previously...
Gold prices are rising and reaching a 3-week high of 1935 USD/ounce after a series of lower-than-expected US economic data. ADP's national employment report for August only increased by 177,000 jobs, compared with expectations for an increase of 200,000 jobs.
According to experts, the US stock market is trending up. The sentiment of overseas traders and investors...
This morning's gold price continued to increase by 16.7 USD compared to yesterday's closing level to 1,936.5 USD/ounce, the gold price reached its highest level in three weeks.
The US Employment Turnover (JOLTS) report and consumer confidence index were much lower than expected, spurring fresh buying demand for the precious metal.
Gold prices continue to...
TVS Motors have formed an ascending wedge pattern on the daily timeframe with 2 contact points above and 3 contact points below
Yesterday it has broken out of the pattern with gap-up which acts as a very strong confirmation of the success of the trade
Although no volume surge is present but RSI is present in OVERBOUGHT zone indicating that the momentum is...
Why We need to respect Stoploss?
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With Technical analysis , we can predict the next movement of the market 80-90% most of the time, and 10-20% of the time market reverses. we need to respect that 10-20% failure to sustain in the stock market career. Market is always superior. . If we dont respect...
Maybe tomorrow nifty trading between this range 17900 to 17600.
highest call oi 18000 ,It act as a major resistance .
Hghest put oi 17500,It act as a major support
17700 is a crucial range ,It holds both put and call OI .
PCR,0.6 VOLUME PCR,0.9 .Maybe tomorrow we expect slightly Sideways BEARISH TREND.
Tomorrow RBI meeting will be held at 10 AM .
