Moon-Traderfx

Moon-Traderfx Updated 

- Analytical basis: Today is the first Monday of the week and gold continues to lose nearly 30 USD from 1848 to 1821. Gold's downward streak still shows no signs of stopping. PMI data released today was better than expected, creating more pressure on gold prices. Additionally, the US Federal Reserve has signaled that it may raise interest rates again before the...

Moon-Traderfx Updated 

- Fundamental analysis: Gold lost another $30 on Friday, bringing the total weekly loss to nearly $80, marking gold's biggest weekly loss in nearly a year. Fed officials last week maintained a hawkish stance, arguing that keeping interest rates high for an extended period of time is necessary to bring inflation below 2%. Recent US economic data was also better...

Moon-Traderfx Updated 

- Fundamental analysis: Gold yesterday continued to fall to around 1860 and then recovered slightly in the context that FED policymakers reiterated their hawkish stance. That raising interest rates and keeping interest rates high for a long time to bring inflation to 2% is necessary Yesterday the US Senate also passed a bill to avoid a government shutdown this...

Moon-Traderfx Updated 

Gold prices (XAU/USD) remained under selling pressure during the early European session on Thursday. The decline in precious metals was supported by a stronger US dollar (USD) and higher Treasury yields. Gold price is currently trading around 1,876 USD, up 0.11% on the day. Meanwhile, the US Dollar Index (DXY), a measure of the USD's value against a basket of...

Moon-Traderfx Updated 

Gold prices (XAU/USD) attracted some selling at around $1,902 in early European trading on Wednesday. Precious metals face selling pressure as the US Dollar (USD) strengthens ahead of highly anticipated inflation data on Friday. Meanwhile, the US Dollar Index (DXY), a measure of the USD's value against a basket of foreign currencies, rose above 106.20, its highest...

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EURJPY has been in a prolonged uptrend since the beginning of the year, hitting a new 15-year high of 159.75 on August 31. Since then, the price has traded without clear direction around the 158 level, 00, while short-term oscillators are reflecting a neutral to positive short-term trend. If buying interest increases, bulls could attempt to retest the recent...

Moon-Traderfx Updated 

Gold prices (XAU/USD) fell vertically to near $1,915.00 as uncertainty over the Federal Reserve's (Fed) interest rate outlook deepened. The precious metal's upside remains limited as Fed policymakers continue to maintain a hawkish stance for upcoming monetary policy meetings. "It feels like interest rates will have to stay high for longer than the market expects,"...

Moon-Traderfx Updated 

Gold prices hovered above $1,920 during Monday's Asian trading session. Prices for the yellow metal ended a losing streak on Friday as the US Dollar (USD) pared the day's gains, most likely due to falling US government bond yields. However, US bond yields have recovered, with the 10-year US Treasury yield rising to 4.45%, up 0.50% at the time of...

Moon-Traderfx Updated 

World gold price stood at 1,923 USD/ounce, down slightly by 3 USD/ounce compared to the same hour yesterday morning. Gold prices fluctuated and continued to decline due to the Fed's tougher tone than previously expected. Before this Fed meeting, the precious metals market had priced in a softer stance from the Fed. Both the USD exchange rate and US Treasury bond...

Moon-Traderfx Updated 

Gold prices (XAU/USD) recovered recent losses after falling to a weekly low of $1,913 in early Asian trade on Friday. At the time of writing, XAU/USD was up 0.08% on the day at $1,921.62. During a press conference Wednesday, Federal Reserve Chairman Jerome Powell reiterated the Fed's commitment to achieving 2% inflation. Powel added that the Fed is ready to raise...

Moon-Traderfx Updated 

Gold prices continued to lose money for the third straight day, trading around $1,925 lower in the early trading hours of Thursday's Asian session. As expected, the US Federal Reserve (Fed) maintained its current benchmark policy rate at 5.5% during its meeting on Wednesday. Precious metal prices are facing downward pressure as the Fed is expected to raise...

Moon-Traderfx Updated 

Gold prices (XAU/USD) stabilized around $1,930 during Asian trading hours on Wednesday. Market participants prefer to wait on the sidelines before the Federal Reserve's (Fed) Interest Rate Decision and FOMC Press Conference. These events can cause volatility in the market Meanwhile, a gauge of the US dollar's value against six major currencies remained unchanged...

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OANDA:USDJPY OUTLOOK - Bank of Japan’s decision on Friday will steal the limelight. - BoJ is expected to stand pat on monetary policy, but could subtly signal that a change in strategy in looming on the horizon. - This article looks at key USD/JPY levels to watch in the coming days The Bank of Japan will announce its decision in September following the...

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OANDA:AUDUSD retreated on Wednesday, dragged down by the Fed’s hawkish monetary policy outlook, but continued to carve out a double bottom, a reversal technical formation typically symptomatic of a waning selling pressure that often precedes a sustained recovery in the underlying asset. To elaborate further, a double bottom is a pattern characterized by two...