The market is expecting the first interest rate cut to take place in September. In general, the market believes that Powell's statements do not contain any new hawkish information. Maybe Mr. Powell will not offer any surprises in his comments. Meanwhile, US Treasury Secretary Janet Yellen on Tuesday (July 9) echoed Mr. Powell's comments by saying that the US...
Although fees have dropped sharply, investors` techniques endorse that gold will upward push better withinside the close to destiny primarily based totally on marketplace predictions approximately hobby price cuts via way of means of americaA Federal Reserve (Fed). The CME Fedwatch device indicates hobby costs will fall in September and will fall in addition in...
The Fib retracement outline shows that we could see a push towards $2,260 next at least before some semblance of support That coming from the Fib retracement level The next key stop after that might be a push towards Xauusd sell now 2295_2300 Tp 2290 Tp 2280 Tp2260 So 2310
Gold probed above for the second time, inflated by increased safe haven demand following Israel’s attack on Iran early Friday Although the spike above the metal’s price reached was so far short lived, near-term focus remains at the upside, as fears of further escalation in the region will continue to fuel demand Technical picture is firmly bullish as indicators...
Given that the momentum indicators are heavily tilted to the downside, Bitcoin could revisit its March bottom of In case of a downside violation, there is no prominent support until the resistance zone of
EURUSD session on Friday but managed to recover to the area In the absence of high tier data releases, investors will keep a close eye on headlines surrounding the Iran Israel conflict
AUDUSD Last night in Japan BOJ policymaker Asahi Noguchi highlighted the mixed impacts of a weaker yen noting that while some large firms have benefited it poses broader economic challenges Noguchi expressed increasing confidence in reaching the
GBPJPY signaling a trendless market. Similarly the RSI continues to hover around confirming the current indecisiveness of market participants. More importantly, the stochastic oscillator is trying to edge above its moving average, but such a move needs to pick up pace in order to be seen as a strong signal
Intraday bias in GBPUSD is back on the downside as fall from resumes. Deeper decline would be seen to 100% projection Firm break there will target projection at next On the upside above resistance will turn intraday bias neutral again first
The Momentum Trap: Gold's relentless rise could be fueled by a self-fulfilling speculative frenzy. This trend Gold sell now 2382_2385 Tp2370 Tp2360 Sl2392
GBPUSD seen as the third leg Deeper decline would be seen to support and possibly bullish But strong support should emerge fromretracement of complete the correctional
EURUSD The latest inflation report for March spooked everyone showing consumer prices soaring by 3.5%, way above expectations What does high inflation mean It means the Fed's gonna keep interest rates high for longer to fight it As soon as that data hit you could practically hear the market's collective gulp with the EURUSD
On the 1 hour chart, we can see more closely the recent price action with the pair bouncing on the most recent swing high level at If we get a pullback from the current high that’s where the buyers should pile in with a defined risk below the level to position for a rally into new highsThe sellers, on the other hand, will want to see the price breaking lower to...
BTCUSD strong bullish and high risk trade in Remember trading is inherently risky and it's crucial to engage with the market based on thorough analysis and personal risk appetite For continued updates Andrew Market insights
Gbpusd sell it The rising yield has the US dollar moving to the upside The US dollar is now trading to new at session highs
Gold Geopolitical frictions in the Middle East have further bolstered gold although these risks have intensified only recently and haven't been a predominant theme for an extended period To add context investors have been nervous about Iran's potential retaliation against Israel following the bombing of its embassy in Syria Such action could escalate tensions in...
XAUUSD period off its best levels established briefly on Friday during the New York session when it toucheda fresh record Considering recent performance the precious metal has increased in seven of the last Eight
Gbpusd average This is generally a reversal pattern so we can expect the sellers to sell any rally now as they target a breakout below the support The price got a bit overstretched yesterday as depicted by the distance from the blue moving average In such instances we can generally see a pullback into the moving average or some consolidation before the next move