In recent weeks, the markets have calmed down. They believed that central banks had managed to conquer inflation, and keeping their rates at elevated levels was necessary for hedging. Indeed, looking at how the American PCE has slowed down from 6.8% in July 2022 to 3-3.5% in July-September, you start to believe in better times. […]
The AUD/USD currency pair marked a new annual low yesterday, reaching the level of 0.6273. The last time the pair was at the base of the 62nd figure was in October of the previous year. Recall that the sharp decline in AUD/USD back then was due to the slowing pace of the RBA’s monetary policy […]
USD/JPY is falling, having reached a high of about 150.77. This strong technical correction could continue over the next few days as the Yen has been heavily overbought. During Friday’s Asian session, the yen started a sharp decline, suggesting that any technical bounce will be seen as an opportunity to sell. We can see on […]
EURUSD has been switching between gains and losses around the lower band of a short-term bullish channel at 1.0540. The US core PCE inflation came as expected at 3.7% y/y on Friday, but personal spending clocked in slightly higher than analysts anticipated at 0.7%m/m, providing some support to the dollar. The technical signals are not encouraging, with […]
Early in the American session, gold (XAU/USD) is trading around 1,983.75, below the 21 SMA, and within an uptrend channel formed since October 23. According to the H1 chart, gold will be able to maintain bullish momentum provided that it settles above 1,985. In this case, is it likely to resume its bullish cycle. For […]
During today’s Asian trading session, the Australian dollar strengthened significantly, and the AUD/USD pair rose after the publication of positive macroeconomic data from Australia. Today’s release of the Australian Producer Price Index accelerated in the third quarter, from +0.5% to +1.8%, although it slowed slightly on an annual basis, from +3.9% to +3.8%. On Thursday, […]
After the publication of PMI indices last Tuesday, macroeconomic data released on Thursday once again confirmed the strength of the American economy. Economists, on the other hand, believe that the stability of the American economy and its relatively high growth rates create conditions for increased investor interest in American assets and government bonds, which, in […]
Red line- bearish trend line Blue lines- Fibonacci retracement levels Green line- RSI support trend line In recent analysis on the AAPL stock we warned traders that as long as price is below the red downward sloping resistance trend line, AAPL stock price will be vulnerable to a move to lower lows. Recently price got […]
DIS stock price remains well below the blue resistance trend line at $85. What was once support is now resistance. After breaking below it, DIS stock price has made two attempts to recapturing and pushing above the blue trend line. Both attempts failed. This price action confirms the importance of the resistance by this trend […]
Blue line- neckline support Orange lines- Head and shoulders pattern NVDA stock price recently broke below the $407.50 price level pushing price to new 4 month lows. A bearish Head and Shoulders pattern has been activated in the NVDA chart as price has just broken below the neckline support. NVDA stock price is expected to […]
SPX is trading around 4,148. Short-term trend remains bearish as price is still below the Kumo (cloud) in the Daily chart. In previous posts we warned bulls that the Ichimoku cloud indicator suggested that price would continue lower to new lower lows. The index remains well below both the tenkan-sen (red line indicator) and the […]
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. 0:00 Intro 0:19 Fed decision and NFP report 3:45 BoE and pound 5:17 BoJ and yen 7:03 Eurozone data and euro […]
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 forecast based on simplified wave analysis of… April 8, 2024 GBP/USDAnalysis:Since July last year, the main direction of price movement…Weekly forecast based on simplified wave analysis of… April 8, 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:Market Comment – Stocks climb after sizzling US jobs report April 8, 2024 Nonfarm payrolls smash forecasts, reaffirming labor market strength But dollar…Behind the scenes of Wall Street’s rise: the impact of… April 8, 2024 At the […]
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 […]
