USD/JPY edged lower on Wednesday, slipping back to the 153.00 level after a broad-based decline in the US Dollar (USD) shed weight against all of its major peers. The Japanese Yen (JPY) is also looking to ease selling pressure in the broad market, recovering ground as the Greenback declines. US Consumer Price Index (CPI) inflation eased slightly on Wednesday,...
The GBP/USD pair continued to rise near 1.2688 on Thursday during the early Asian session. The major pair's rally was supported by a weaker greenback following the release of softer US CPI inflation data. The outlook continues to be bullish as the pair successfully breaks resistance at 1.263 and makes this the expected new support level after a mild trend correction.
EUR/USD rose on Wednesday, one of the pair's best days of 2024, climbing to 1.0900 and on pace for a fourth straight weekly gain. Broad market selling pressure weighs on the US Dollar after risk appetite soars to the fore after US CPI inflation fell more than investors expected giving EURUSD the edge continue to increase.
✅GBP_USD has broken the threshold Resistance is falling and breaking through It's been confirmed so I'm lost Quan Trends and I will look forward One step further LONG 🚀
✅EUR_USD created one Nice bullish breakout from the threshold resistance Decrease and Breakout confirmed So we are currently bullish and we will look forward one step further LONG 🚀
Hello everyone, let's learn about gold prices today. At the end of the trading session on May 15, gold increased by 27 USD, reaching 2,385 USD. During the trading session, at one point the gold price reached $2,390, the highest level in nearly a month. The USD index yesterday fell 0.6%, to its lowest level in more than a month. The depreciation of the USD has...
Currently, gold price has increased by 21.9 USD, reaching 2,357.6 USD/ounce, recovering to the high level from last week after positive news announced last evening. The main reason is the weakening of the USD and Treasury bond yields after data on US producer prices in April were published. The USD fell 0.2%, making gold more attractive to investors using other...
The gold market today showed a modest recovery, with the metal trading at approximately $2343, reflecting a 0.34% gain since yesterday's notable decline. However, there are emerging signs that gold may be forming an inverted cup and handle pattern. If this pattern fully materializes, it suggests the possibility of a further downside correction, reaching a...
Hello everyone, are you wondering about the trend of EURUSD? Currently, EURUSD continues to correct upward with the rise of bearish sentiment towards the US Dollar (USD) promoting a strong reaction of EUR/USD. The pair broke through many important resistance levels and turned this into a new support level. The recovery trend of EURUSD is also guaranteed when it...
EURUSD has decreased slightly at the end of the weekend session, with the closing price of over 1,076, but it still maintains a significant recovery trend in recent days. Important resistance levels for EUR/USD pairs are currently in the range of 1,0790 - 1,0800, determined by EMA 34, 89 and the upper boundary of the trendy channel. The next level of resistance...
Hi everybody. At the beginning of today's trading session, gold fell after a strong increase late last Friday. Year-to-date, the precious metal is down more than $10, reflecting a 0.48% drop on the day. Looking ahead, gold is expected to face more short- and medium-term corrections. However, from a long-term perspective, investors and markets are still optimistic...
Hello dear friends, let's learn about gold prices in the new week! Currently, gold is continuing to adjust after a strong price increase over the last two days of last week. This metal is trading around 2,358 USD in the first trading hours of the second day and down 0.11% on the day. Accordingly, the correction is taking place according to the basic wave...
Global gold prices have continued their upward trend, with gold prices reaching $2,360/ounce. This is the strongest increase in 5 weeks, as more and more investors expect that the US Federal Reserve (Fed) will soon adjust monetary policy towards loosening. This optimism is further reinforced by recent economic data, which shows a slowdown in the US economy,...
The resurgence of some bearish sentiment towards the US Dollar (USD) sparked a notable reaction in EUR/USD, taking it to a two-day high around 1.0780 during trading hours first of Friday. The Dollar's pullback also coincided with a broadly negative session in US bond yields across various maturities, particularly after investors priced in a larger-than-expected...
Hello Dear Friends, GBP/USD edged higher today near 1.2540 on the back of stronger-than-expected UK Gross Domestic Product (GDP) data for the first quarter. Boosting continues to be supported when storage between EMA 34, 89 and supporter is being supported. The bullish target above strength 1.255 is being approached!
Golden information: According to the weekly report from the US Department of Labor, the number of first-time applications for unemployment benefits in this country has increased to the highest level since August last year. In the week ending May 4, the number of people applying for unemployment benefits for the first time in the US increased by 20,000 people...
Hello friends! Today, the GBP/USD pair remains on the defensive around 1.2495 at the start of the Asian session. The US dollar continued to gain for the third consecutive day, putting pressure on the recovery of GBPUSD, which appeared unchanged from yesterday. The outlook for further price declines remains intact. Currently, the market is moving into a cautious...
Everyone, let's find out what's new in the gold market today! Yesterday, gold saw a significant breakthrough, as the metal rose from around $2300 USD to as high as $2350 USD at the moment, completely shedding previous bearish sentiment. The weakening of the USD has strongly supported the upward trend in the price of this precious metal. In addition, gold prices...