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Gold ready above 2300 because of interest rate cut read the capt(NFP) report for March, which will be published on Friday. The US NFP report is expected to show US employers added 200K fresh payrolls over the month, lower than the former reading of 275K. The Unemployment Rate is anticipated to remain steady at 3.9%. Average Hourly Earnings, which gauge wage growth and provide significant guidance on the inflation outlook, are expected to rise at
EURUSD cross the sell trendline bulls back read the caption The Hamburg Commercial Bank (HCOB) and S&P Global released the final estimates of the March Services and Composite Producing Managers Index (PMI), which indicated a subtle yet pivotal shift in the services sector's trajectory. The HCOB Germany Services PMI edged up to 50.1 from 48.3 in February. The survey's findings of sustained job creation and strategic hiring, coupled with a more optimistic business outlook
Gbpusd bullish trend a good opportunity read the caption The US will also publish the final estimate of Q4 GDP data. In its last report, the statistics agency said that the economy expanded by 3.2% in Q4 after growing to 4.9% in the previous month. The US will publish this week’s initial and continuing jobless claims.
The most important data of the week will be the US personal consumption expenditure (PCE) report set for Friday. This figure will come on the same day when most markets
Usdcad bullish and bearish read the caption The 14-period Relative Strength Index (RSI) oscillates inside the 40.00-60.00 range, indicating indecisiveness among investors.
A downside move below February 22 low at 1.3442 would expose the asset to February 9 low at 1.3423. A breakdown below the latter would extend downside towards January 15 low at 1.3383
On the flip side, the Loonie asset would observe a fresh upside if it breaks above December 7 high at 1.3622. This will drive the asset towards May 26 high at 1.3655, followed
Gbpusd confirm buy read the caption This opens the door to this currency pair to advance well above $1.2667, with room to rise as high as $1.2720 without reaching another resistance level.
So, I see the best potential opportunity today as a long trade above $1.2667, but a bullish signal is needed to trigger entry – ideally this would be two consecutive higher closes above $1.2662 during today’s London session.
Bitcoin show us new peak level read the caption The price of Bitcoin whipped to a new high in the US morning session and in the process extended above the high price for the week at $71572. The high for the day was reached at $71754, but buyers
The subsequent run to the downside, next took the price below the lows for the day and in the process entered into a swing area between $68249 and $68864. THe low price reached $68556
Eurusd will go to top level read the caption Inflation in the eurozone continues to decline. March CPI eased to 2.4% y/y, down from 2.6% in February and below of the market estimate of 2.6%. This matched November’s 28-month low and was driven by the continued slowdown in food inflation. Monthly, CPI rose to 0.8%, up from 0.6% but below the forecast of 0.9%.
Core CPI also declined, with a reading of 2.9% y/y. This was below the February gain of 3.1% and just shy of the market estimate of 3.0%. Core CPI, which is considered more significant than the headline release, has declined for an eighth straight month and dropped to its lowest level since February 2022. Germany’s inflation report
GOLD BIG TERMS TRADE BUY SHORT LITTLE BIT READ THE CAPTION Meanwhile, any corrective decline now seems to find support near the $2,275 area ahead of the $2,255 level. This is followed by the weekly low, around the $2,227 region, which, if broken, might prompt some technical selling and drag the Gold price back toward the $2,220 psychological mark. The latter should act as a key pivotal point, and a convincing break below might shift the near-term bias in favor of bearish trader
Audusd uptrend expected pattern clear bullish read the caption As a result, they expect that the Fed will start cutting rates in the second half of the year. Mester wants to see more data while Mary Daly estimated that the bank would deliver three cuts as it hinted in the last meeting.
Michele Bowman and James Williams spoke on Tuesday but did not provide any details about rate cuts. Jerome Powell, the Fed Chair
Usdjpy wanna go up they show very bullish read the caption Range trading continues in USD/JPY and intraday bias remains neutral. On the downside, break of 150.25 support should confirm short term topping, and turn bias back to the downside for 55 D EMA (now at 149.35). Nevertheless, sustained break of 151.92 key resistance will confirm long term up trend resumption. Next near term target will be 61.8% projection of 140.25 to 150.77 from 146.27 at 153.02
Bitcoin big fall now ready to big jump to hit 75k read the captiTherefore, the BTC/USD pair will likely react to the upcoming statements by several Federal Reserve officials like Mary Daly, Loretta Mester, and John Williams. Jerome Powell, the Fed Chair, will have a speech on Wednesday.
The other important BTC/USD news will be the upcoming Bitcoin halving event, which will happen later this month. Halving will reduce the block rewards
Gbpusd another buy setup read the caption This was not a great call as the price rose strongly over the course of the day. However, the price quickly fell back to where it had been and has been consolidating below $1.2653 ever since.
The picture looks bearish if the price remains below $1.2656 and looks likely to fall further – the price action look