Red lines- bearish channel black line- short-term support trend line EURUSD is trading around 1.0544. Recently EURUSD broke out of the bearish channel it was and it bounced towards our 1.07 target area. Shortly after EURUSD came back under pressure and price declined below the short-term support trend line. The recent price action is not […]
Red line- short-term expected path Blue lines- Fibonacci retracement levels Black line- bearish RSI divergence Gold price is trading around $1,980. Technically trend remains bullish as price continues making higher highs and higher lows. Gold price has reached again the recent highs around $1,996 and is showing signs of rejection. In the near term Gold […]
Policymakers argue surge in yields counts as hike US economy continues to fire on all cylinders Fed to stand pat, but may deliver a hawkish message Decision on Wednesday at 18:00 GMT; press conference at 18:30 GMT Yields do the work for the Fed Although at their last gathering Fed policymakers maintained their projections of […]
Bitcoin surges to a fresh 17-month high amid spot ETF frenzy Faces a minor setback probably due to profit taking A golden cross seems imminent on the daily chart Bitcoin jumps above $35,000 on ETF speculation The king of cryptocurrencies gained more than 11% on Tuesday after BlackRock’s iShares Bitcoin Trust appeared to be listed […]
Central bank meetings continue in earnest with BoJ, Fed and BoE Fed and BoE to likely stand pat, but BoJ might tweak policy again NFP report and Eurozone flash GDP and CPI data also in focus Fed pause likely to be of little relief for yields Just a few weeks ago the November FOMC meeting […]
Gold may once again be recognized as the world’s reserve currency, as despite the process potentially being slow, growing debt problems worldwide indicate it. In a recent interview, CEO of Monetary Metals and President of the Gold Standard Institute, Keith Weiner, stated that although dollar remains as the world’s reserve currency, gold seems to be […]
Dollar bulls returned to active buying after a prolonged but not very deep correction. Currencies find it hard to resist the US dollar because of strong economic figures. However, this could not last forever. Let’s consider the near-term prospects of the US currency. Betting against the dollar might seem futile, especially given recent data that […]
Speculation of a BoJ policy tweak in October is mounting Will the BoJ raise the 10-year yield cap and would this boost the yen? Decision is expected on Tuesday, October 31 BoJ expected to raise inflation outlook The Bank of Japan will conclude its two-day monetary policy meeting on Tuesday and is widely anticipated to […]
Technical analysis: BTC/USD has been trading sideways at the price of $34.000 and I found that symmetrical triangle pattern is in creation and that there is potential for the breakout mode. In case of the breakout of support at $33.200, there is the chance for the further drop towards downside objective at $32.200 and $30.700 […]
Let’s take a look at the technical picture of EUR/USD, USD/JPY and Gold. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Weekly Forex Outlook: 10/05/2024 – US inflation numbers to… May 10, 2024 Fed rate-cut speculators rest hopes on US inflation data. After…Forex forecast 05/10/2024: EUR/USD, GBP/USD, USD/JPY and… May 10, 2024 […]
Upside surprise in US GDP was not enough to boost the dollar Stock markets slide in the aftermath, euro little changed after ECB Gold advances, drawing fuel from yields and geopolitical escalation Dollar unable to gain on solid data Another stormy week for global markets comes to an end as investors continue to grapple with […]
Technical analysis: Gold has been trading sideways at the price of $1.986 and I found that symmetrical triangle pattern is in creation and that there is potential for the breakout mode. In case of the breakout of support at $1.970m, there is the chance for the further drop towards downside objective at $1.950 and $1.940 […]
Details of the Economic Calendar on October 26 Thursday became one of the key days on the macroeconomic calendar due to the ECB meeting. At the end of the meeting, the Governing Council decided to leave interest rates unchanged. This decision was in line with market expectations. The regulator plans to continue following its approach, […]
Symmetrical triangle in creation on the Gold…. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Video market update for May 10, 2024 May 10, 2024 Potential for the further rally on USDJPYThe material has been…Market Comment – Dollar slides, gold shines after soft US… May 10, 2024 Dollar drops as jobless claims […]
Technical analysis: USD/JPY has been trading downside but the key support area at the price of 150.00 is on the test and there is potential for the rejection. Due to the potential exhaustion to the downside and the test of the key support, there is the chance for the rally and rejection towards upside reference. […]
Yesterday, the pair formed some great market entry signals. Let’s have a look at what happened on the 5-minute chart. In my morning review, I mentioned the level of 1.2070 as a possible entry point. A decline and false breakout at this mark produced a great buy signal, sending the pair up by 25 pips. […]
GBPJPY rebounded strongly from a 3-month low Gets stuck in a range after the 50-day SMA curbs advance RSI and MACD are hovering around their neutral regions GBPJPY had been in a prolonged uptrend since January, posting an eight-year high of 186.75 on August 22 before experiencing a pullback. Even though the pair staged a solid recovery, it […]
In general, everything fell into place, and it’s now clear that the market experienced a kind of preparation for the European Central Bank’s meeting yesterday. After the ECB left everything unchanged, and Lagarde didn’t provide any new information, the single currency seemed to freeze in its tracks. In other words, investors were preparing for this […]
Crypto Industry News: Mexican senator Indira Kempis became famous when she proposed the introduction of a central bank digital currency (CBDC) last year. Now her attention is mainly focused on the Bitcoin cryptocurrency. To address these challenges, the senator introduced a CBDC-focused bill aimed at creating a legal framework for the recognition and adoption of […]
Crypto Industry News: The Economic Crime and Corporate Transparency Bill is expected to receive Royal Assent later today, according to data on the UK Parliamentary Acts website. This means that the bill will pass all parliamentary stages in both houses of parliament. The regulations adopted in September 2022 aim to increase the authorities’ ability to […]
Technical Market Outlook: The GBP/USD pair has been seen continuing the down move and is currently approaching the Octobers low located at the level of 1.2036. The local low was made at the level of 1.2068 and during the pull-back the bulls were testing the 50 MA seen at 1.2129. The intraday technical resistance is […]
Technical Market Outlook: The EUR/USD pair has been seen moving lower from the highs at the level of 1.0695. The price broken below the technical support seen at the level of 1.0584 and is currently trading below the 50 and 100 MA on the H4 time frame chart. The nearest technical resistance is located at […]
The currency pair GBP/USD also didn’t show any interesting movements on Thursday, but the volatility reached about 70 points. How should we regard such volatility on the day when the results of the ECB meeting and the publication of two important (and no less important) reports from the United States were announced? Yes, it wasn’t […]
USDJPY unlocks new high above 150 but with weak momentum Technical signals mixed; support at 149.43 USDJPY escaped the FX intervention risk on Thursday despite closing marginally above the 150 round level for the second consecutive day and charting a new one-year high of 150.76. The pair seems to have pierced an ascending triangle on […]
The currency pair EUR/USD showed absolutely no movements on Thursday—no reaction to important events. In our previous articles, we’ve already mentioned that people can have different opinions about what happened yesterday. On one hand, it’s not uncommon to see meetings where no significant decisions are made, but the pair starts moving in different directions afterward. […]
Analysis of GBP/USD 5M The British pound hardly showed any notable movements on Thursday. Although the European Central Bank meeting had no direct impact on the pound, we warned you that the euro could influence the pound, which is exactly what happened. However, the market had a weak reaction to the ECB meeting. Even the […]
Analysis of EUR/USD 5M EUR/USD showed little more than a flat and low volatility on Thursday, not exceeding 50 pips. Even though the results of the European Central Bank meeting were announced yesterday, it had no impact on traders’ willingness to trade more actively. Despite the release of two crucial reports in the United States, […]
Analysis of transactions and tips for trading USD/JPY Further growth became limited because the first test of 150.73 took place when the MACD line moved sharply upward from zero. As for the second test, it occurred when the MACD line started moving down from zero, prompting a signal to sell. This resulted in a price […]
Analysis of transactions and tips for trading GBP/USD The test of 1.2095, coinciding with the rise of the MACD line from zero, prompted a buy signal that led to a price increase of over 30 pips. It seems that strong statistics from the US did not help dollar during the US session, and after an […]
EUR/USD Higher Timeframes Yesterday, the bears couldn’t hold their ground. As a result, by the end of the working week, the market arrived with a looming lower shadow, the size of which could influence the overall sentiment and market possibilities. It is worth noting that the daily cross has changed. If the bulls can now […]
