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Gold prices edged up in early Asian trade on Wednesday as the U.S. dollar and Treasury Yields fell amid persistent worries regarding global trade after the U.S. hit its allies’ imports with hefty tariffs. Spot gold rose 0.2 percent at $1,297.64 per ounce at $1,297.64 per ounce. U.S. gold futures for August delivery were stable […]

The euro held steady on Wednesday as investors began to focus on the European Central Bank’s policy meeting next week, while worries that the U.S. could withdraw from its trade agreement with Canada and Mexico affected their currencies. The common currency traded at $1.1719 having risen around 0.5 percent so far this week and remaining […]

Mexico has announced new levies on U.S. imports in response to U.S. President Donald Trump’s decision to impose hefty tariffs on imports of steel and aluminum. The peso fell on Tuesday after Mexico imposed tariffs on U.S. products including bourbon, apples, potatoes, cheese, and pork in retaliation to the steel duties. Mexico’s peso was down […]

Expansion of activity in the U.S. services sector sped up in May, indicating a strong economic growth in the second quarter. However, trade tariffs and limited workers posed a risk to the robust outlook. The Institute for Supply Management said its non-manufacturing activity surged 1.8 points to 58.6, snapping three consecutive monthly declines. The reading […]

U.S. government bonds edged up on Tuesday, driving down yields and helping to ease a bond-market selloff observed at the beginning of the week, as solid economic data were countered by concerns over the newly established Italian government’s policy agenda. The 10-year Treasury note yield fell 2.2 basis points to 2.917 percent. The two-year note […]

The Nasdaq reached a record closing high for the second straight day of trading on Tuesday, powered by tech and consumer discretionary shares, while the euro rebounded after Italy’s new prime minister said the government had never thought of leaving the eurozone as an option. The Dow Jones Industrial Average edged up 13.71 points, or […]

With the appearance of the Bullish 123 pattern which is followed by a deviation between the price movement of the Filecoin cryptocurrency and the Stochastic Oscillator indicator on the 4-hour chart, in the near future as long as there is no weakening that penetrates below the level of 8,206, Filecoin has the potential to appreciate […]

On the 4-hour chart of the Bitcoin cryptocurrency, it appears that its price movement is above WMA 30 Shift 2, which shows that buyers are still dominant even though the momentum condition is still flat, as indicated by the slope of WMA 30 Shift 2, which is still flat, but the potential for strengthening is […]

The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. At the moment, we are observing the construction of the assumed wave 3 in 3 or c of the downward trend section. If this is indeed the case, then the decline in quotes will continue for a very long time, as the […]

In my morning forecast, I pointed out the level of 1.2645 and planned to base my market entry decisions on it. Let’s look at the 5-minute chart and analyze what happened there. There was a rise, but before testing the false breakout formation around 1.2645 in the first half of the day, we missed it […]

In my morning forecast, I drew attention to the level of 1.0842 and planned to make decisions based on it for market entry. Let’s look at the 5-minute chart and figure out what happened there. The rise and formation of a false breakout at this level provided an excellent entry point for short positions, but […]

Analysis of transactions and trading tips on USD/JPY Further growth became limited as the test of 151.40 coincided with the sharp rise of the MACD line from zero. Dollar bulls took advantage of the morning dip, but everything could change upon the release of US data. Weak figures on the growth of new jobs will […]

Analysis of transactions and trading tips on GBP/USD The test of 1.2628 took place at a time when the MACD line rose from zero. This provoked a buy signal, but no upward movement occurred. Data on the US unemployment rate and average hourly wages will come out during the US session. However, the key point […]

Analysis of transactions and trading tips on EUR/USD Further growth became limited because the test of 1.0840 occurred during the sharp rise of the MACD line from zero. Shortly after, another test happened, and this provoked a sell signal as the MACD line went within the overbought area. This resulted in a price decrease of […]

From the European Central Bank, signals of a dovish nature are increasingly emerging, indicating that the regulator will begin lowering interest rates at the June meeting. The latest reports on CPI growth for March, reflecting a slowdown in inflation both in Germany and in the eurozone as a whole, only “cemented” these assumptions. This is […]

Potential for the further drop on NAS100 …. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Forecast for EUR/USD pair on April 5, 2024 April 7, 2024 The EUR/USD pair on Thursday rose to the corrective level…GBP/USD. April 5th. Will Nonfarm Payrolls help the dollar? April 7, 2024 On the hourly chart, […]

Today, the focus of the markets is the publication of data on the number of new jobs for March in the US economy. The labor market is expected to create 212,000 new jobs in March following 275,000 in February. Unemployment could have remained at the same level of 3.9%. Of course, the dynamics of the […]

The EUR/USD pair on Thursday rose to the corrective level at 38.2%-1.0866, bounced off it, and reversed in favor of the American currency. Thus, the process of decline towards the support zone of 1.0785–1.0801 began. A bounce of quotes from this zone will favor the resumption of the euro’s growth. Consolidation below it will increase […]

On the hourly chart, the GBP/USD pair continued its upward movement towards the resistance zone of 1.2705–1.2715 on Thursday. However, then there was a reversal in favor of the American currency, and the process of decline toward the support zone of 1.2584–1.2611 began. A bounce from this zone will work in favor of the British […]

Earnings parade unofficially starts on April 12 with major US banks S&P 500 profit growth forecast at 5.1% y/y after downward revision Fluctuating expectations around Fed policy remain a key risk factor   Investors hit the pause button Undoubtedly, the major US indices had a fantastic 2023, with the positive momentum being carried over to this […]

Gold stays in rally mode, even when dollar and yields rise Central banks and geopolitics among the main drivers Chinese demand and inflation hedging add extra support Is it a bird? Is it a plane? No, it’s gold! Gold entered a flying mode at the beginning of March, surpassing its previous record high of $2,135 […]

A dovish shift seems to be underway at the Reserve Bank of New Zealand Technical recession and falling inflation may pave way for 2024 rate cut Is a dovish hold on the cards at Wednesday’s meeting (02:00 GMT)? Weaker economy has been good news for inflation New Zealand’s economy shrunk in the final three months […]

Central bank decisions in Eurozone, Canada, and New Zealand Highlight will be the ECB – likely to signal a rate cut in June In US, the dollar will be driven by inflation stats and Fed minutes   ECB meeting – Nearly time to cut  The Eurozone economy has gone through a rough patch over the […]

GBPUSD retests mid-level of the range at 1.2670 20- and 50-day SMA post bearish cross Technical oscillators move sideways GBPUSD is losing momentum again after the pullback off the bearish crossover within the 20- and 50-day simple moving averages (SMAs) near the 1.2670 resistance level. The pair is testing the long-term ascending trend line and […]

EURUSD pulls back from two-week high Technical bias is not bearish yet   EURUSD gave up some ground on Thursday after a sharp rally from a one-and-a-half-month low of 1.0723 to a two-week high of 1.0875. The US nonfarm payrolls report is on the agenda today and investors will look at whether jobs growth slowed down to 212k and […]

Hawks dominate latest round of Fed speak; stocks slip, dollar rebounds But rate cut odds little changed as US jobs report awaited Yen firms after Ueda opens door to more rate hikes Oil extends gains on geopolitical tensions, but gold pulls back Fed officials cast doubt about rate cuts Fresh uncertainty about the timing and […]

GBPJPY is in the red again today, not far from its recent high It has dropped below the January 2, 2024 ascending trendline Momentum indicators are in waiting mode for the next key market events GBPJPY is trading lower again today as the market is preparing for today’s US labour market report, which could play […]

USDCAD bounces off 200-day SMA MACD and RSI are still weak USDCAD is moving slightly higher following the rebound off the simple moving averages (SMAs), remaining within a short-term ascending channel. Technically, the MACD oscillator is holding beneath its trigger line and near the zero level, weakening its momentum, while the RSI is pointing marginally […]

We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week. Video Agenda: 00:00 INTRO 00:13 Totay’s […]

The 10-year US yield is a key determinant of FX moves It tends to drop when the Fed prepares to cut its interest rates Despite market expectations about the Fed, the 10-year US yield remains high A stock market correction could be a catalyst for a sizeable drop in US yields The 10-year US yield […]