Breaking Down the USD/JPY: A Crucial Test of Long-Term Support Zone Begins Introduction The USD/JPY currency pair has been facing a significant downward trend, and with the Federal Open Market Committee (FOMC) expected to enter a cutting cycle soon, the appeal of holding a long position in this pair is
Trade Alert: Is NZD/JPY a Falling Knife? What to Watch for as Fed and BOJ Meetings Approach Description: Since our last publication, an equal-weighted basket of Japanese yen crosses Index that consists of the G-10 currencies (AUD, NZD, CAD, SEK, NOK, EUR, GBP, CHF, and USD) continued to tumble and
Shining Bright: Gold Price Soars to All-Time High! Bullish sentiment drives gold prices up The price of gold has hit an all-time high as investors turn to the precious metal in anticipation of a Federal Reserve rate cut. Bullish sentiment is being driven by expectations of a monetary easing cycle,
Unlocking the Secrets of EUR/USD and Gold: A Guide to Key Levels for the Upcoming Week Understanding the Market Trends As the global economy continues to navigate through uncertain times, it is essential for investors to stay informed about the key trends in the financial markets. The EUR/USD and gold
Breaking Down the EUR/USD Price Forecast: Testing the Boundaries of a Descending Channel Near the 1.1100 Mark Description: The EUR/USD pair builds on the previous day’s goodish recovery move from the 1.1000 psychological mark, or a nearly four-week low and attracts some follow-through buyers for the second straight day on
Gold Glitters to a New High: Fed Rate Cut Hopes Spark Excitement! All-time High for Gold Prices Gold price (XAU/USD) touched a fresh all-time peak, around the $2,563-2,564 region during the Asian session on Friday. This surge in gold prices comes amid expectations for a more aggressive policy easing by
GBP/USD Soars as Dollar Dips: A Look at Thursday’s Market Movement Market Update On Thursday, the GBP/USD pair experienced a significant surge in value, climbing above the key 1.3100 level. This sudden boost came as the US Dollar weakened due to a rise in risk appetite among investors. The Greenback’s
Silver Soars 20% Higher Following US Factory Gate Inflation Data Release The Impact of US PPI on Silver Prices Silver (XAG/USD) price is trading higher on Thursday after the release of US “factory gate” inflation, otherwise known as the Producer Price Index (PPI). The precious metal is exchanging hands in
Breaking Down the AUD/USD: Why the 0.6700 Mark Proved to be a Roadblock in its Recovery from Wednesday’s Multi-Week Low Description: The AUD/USD pair retreats around 40 pips from the vicinity of the 0.6700 mark, or a fresh weekly high set earlier this Thursday and drops to a daily low
Unlocking the Door to All-Time Highs: Gold’s Unstoppable Rise The Rise of Gold (XAU/USD) Gold (XAU/USD) continues its impressive streak, trading in its established range just below its all-time high on Thursday. As traders eagerly await more US inflation data, specifically the Producer Price Index (PPI) for August, the market
EUR/USD Struggles to Stay Afloat: ECB Meeting Looms Ahead The Current Market Situation The EUR/USD pair is facing challenges as it struggles to gain traction in the Asian session on Thursday. It is oscillating in a narrow band, hovering just above the key psychological level of 1.1000. This comes after
USD/JPY Gives Up Intraday Gains as BOJ’s Tamura Takes a Hawkish Stance – What This Means for Traders Description: The USD/JPY pair fails to capitalize on modest Asian session gains to the 143.00 neighborhood and for now, seems to have stalled its goodish recovery from a nearly nine-month low touched
Breaking Down the USD/CHF: A Key Reversal Paves the Way for a Collision with Major Resistance Introduction Recently, the USD/CHF currency pair has seen a significant shift following the release of the US core consumer price inflation figure for August. This unexpected rise in inflation has caught many traders off
GBP/USD Dips as US Inflation Data Signals Fed’s Cautious Approach to Easing Introduction On Wednesday, GBP/USD is trading marginally lower in the 1.3060s after the release of US inflation data. The data has led to an appreciation in the US Dollar (USD) as investors anticipate a more cautious approach to
Unlocking the Secrets of USD/JPY: An Elliott Wave Analysis Journey to 138.00-140.00 Zone The Current State of USD/JPY USD/JPY is finally topping out this year at our 162-164 resistance area, where we called the end of a big ending diagonal on the daily chart. Notice that the price is now
USD/CAD Takes a Dip Below 1.3600 Oil Prices Bounce Back and USD Weakens Ahead of US CPI Report The USD/CAD pair struggles to capitalize on the overnight breakout momentum through the very important 200-day Simple Moving Average (SMA) and retreats from a nearly three-week top, around the 1.3615 area touched
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