Samson-FX

Samson-FX Updated 

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...

Samson-FX Updated 

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...

Samson-FX Updated 

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...

Samson-FX Updated 

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...

Samson-FX Updated 

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...

Samson-FX Updated 

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.

Samson-FX Updated 

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...

Samson-FX Updated 

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...

Samson-FX Updated 

Greetings, everyone! Presently, the EUR/USD pair is experiencing a favorable trajectory as anticipated, currently trading at 1.0544. The decline in value of the US dollar and the continuous support from US Treasury bond interest rates are contributing to the strength of this currency pair. When examining the technical analysis on a one-hour time frame, we can...

Samson-FX Updated 

The price of gold experienced a quiet trading session today, showing no significant fluctuations. Currently, it is trading at $1821 per ounce, which is relatively stable compared to earlier in the day. On the other hand, the US dollar and bond yields continue to pose a threat to this precious metal as all attempts to increase its value are being...

Samson-FX Updated 

On Thursday, there is significant selling pressure on USD/JPY, with the pair trading around 149.00. The long decline of the US dollar and the interest rate of the US Treasury bond have heavily impacted this currency pair. Additionally, concerns about Japanese intervention have further weighed down on USD/JPY. Taking a closer look at the technical analysis on the...

Samson-FX Updated 

A few days ago (on October 3, at the spot rate of 1.0480), Samson emphasized that the EUR "is still in a downtrend phase and is likely to weaken to around 1.0430, possibly below 1.0400." The EUR dropped to 1.0447 and has since rebounded. The downward momentum is starting to slow down, and if the EUR surpasses the level of 1.0545 (with no significant change in...

Samson-FX Updated 

Today, the GBPUSD has experienced a significant increase after breaking through the downtrend, currently trading at 1.213. The latest report from Samson, which was two days ago (October 3rd), stated that the immediate delivery was at 1.2090. Samson emphasized that "the recent weakness of GBP continues and is likely heading towards 1.2000." Yesterday, GBP dropped...

Samson-FX Updated 

Hello everyone! Today, the price of gold has dropped to its lowest point in 7 months. This decrease is a result of rising export benefits and inflation in the US, which is leading to expectations of tighter monetary policy. Gold has been steadily declining since it failed to receive a price increase from $2068 USD and is now trading at $1823. While there have...

Samson-FX Updated 

Join Samson as we explore the market! Today, USDJPY experienced a significant drop, although it is merely a minor correction. Analyzing the technical analysis on the H4 timeframe, this currency pair continues to demonstrate an upward trend. Despite being influenced by selling pressure previously, it has rebounded by 0.13% today and currently sits at 149.27. Our...

Samson-FX Updated 

Hello everyone, this is Samson speaking! Yesterday, the gold market experienced strong buying pressure as the latest report showed signs of cooling in the US labor market. Despite facing negative pressure from a strong USD and high US bond yields, disappointing employment data has generated some momentum for gold buying as prices rose to positive territory at the...

Samson-FX Updated 

The market is experiencing fluctuations around its support levels. The price has been updated to a lower value. It is evident that the current trend is offering a discount, so if it rebounds from the resistance level at 1,05000 and rejects it, we may witness a subsequent movement. The previous support at 1,0400 can now be considered as a resistance area.

Samson-FX Updated 

The EURUSD pair is currently facing daily selling pressure and forming its lowest levels in the range of 1.0460 - 1.0455 on Tuesday. According to Samson, the EURUSD pair will undergo a slight correction before declining to a support level at 1.0400.