EURUSD is trending downSupport for lower EUR/USD remains in early 4Q but becomes less clear in November and December, when seasonality indicates a weak USD and positive risk appetite, SEB Research analysts say in a note. "However, in October, the relative rate spread tends to be supportive of a lower EUR/USD," they say. Current macroeconomic trends also support a stronger USD, with the soft-landing narrative and "higher for longer" monetary policy stance having a strong hold on markets, they say. The euro trades 0.1% lower at $1.0538.
IDEA
GOLD movement trendWorld gold spot price stands around 1,822.7 USD/ounce, up 3.6 USD/ounce compared to last night. The price of gold futures delivered in December on the Comex New York floor is at 1,836.5 USD/ounce. The gold market did not have much reaction to the new numbers on labor in the US. US 10-year government bond yields left the highest level in the past 16 years. The USD also fell, thereby reducing the pressure on gold.
New York Fed President John Williams said the central bank may hold off on raising interest rates as inflationary pressures, while still high, are returning to the official target.
TVC:GOLD BUY 1819 - 1817🔼🔼
✔️TP1: 1824
✔️TP2: 1830
❌SL: 1812
XAUUSD movement trendWorld gold spot price stands around 1,822.7 USD/ounce, up 3.6 USD/ounce compared to last night. The price of gold futures delivered in December on the Comex New York floor is at 1,836.5 USD/ounce. The gold market did not have much reaction to the new numbers on labor in the US. US 10-year government bond yields left the highest level in the past 16 years. The USD also fell, thereby reducing the pressure on gold.
New York Fed President John Williams said the central bank may hold off on raising interest rates as inflationary pressures, while still high, are returning to the official target.
OANDA:XAUUSD BUY 1819 - 1817🔼🔼
✔️TP1: 1824
✔️TP2: 1830
❌SL: 1812
EURUSD is trending downEuro exchange rate developments on the world market show that the EUR/USD index is currently at 1.0521, an increase of 0.0018 points, equivalent to 0.17% compared to the previous session. After yesterday's sharp decline, today the Euro has decreased. regained recovery momentum. A rebound in oil prices has had a negative impact on the already deteriorating Eurozone economy, and concerns about Italy's fiscal situation mean the downside for the Euro is growing. increases, increasing the possibility of this currency falling closer to the 1 USD/EUR mark. The main reason is because the USD is strong when the US economy is strong. However, there are internal factors, especially the impact of rising oil prices, that put the stagnant Eurozone economy at risk of weakening further.
The common currency is vulnerable to rising oil prices, as net imports account for over 90% of the supply of petroleum products in the European Union. Nomura also forecasts that the Euro will fall to 1.02 USD/euro by the end of the year, a further 3% decrease from the current level.
Direction of movement of XAUUSDWorld gold prices last night almost only fluctuated in the range of 1,820 - 1,830 USD/ounce. By 6 a.m. on October 4, today's gold price was trading at 1,822 USD/ounce, on par with the price at the same time the previous day. According to analysts, after many days of continuous increase, the USD Index has reversed. going down, causing the USD to decrease in value compared to 6 other strong currencies, including: Euro, JPY, GBP, CAD, SEK and CHF. According to the latest figures from the World Gold Council, central banks bought 77 tonnes of gold in August, up 38% from purchases in July. Over the past three months, central banks have purchased 219 tons of gold after record net purchases in the first half of the year. Countries with USD-denominated debt continue to face high financing costs. James Robertson, an analyst at Grant's Interest Rate Observer, said the only way for countries to reduce those costs is to diversify away from the dollar and gold remains the most attractive global monetary asset.
TVC:GOLD BUY 1827-1829
✔️TP1: 1833
✔️TP2: 1837
❌SL: 1822
Direction of movement of XAUUSDWorld gold prices last night almost only fluctuated in the range of 1,820 - 1,830 USD/ounce. By 6 a.m. on October 4, today's gold price was trading at 1,822 USD/ounce, on par with the price at the same time the previous day. According to analysts, after many days of continuous increase, the USD Index has reversed. going down, causing the USD to decrease in value compared to 6 other strong currencies, including: Euro, JPY, GBP, CAD, SEK and CHF. According to the latest figures from the World Gold Council, central banks bought 77 tonnes of gold in August, up 38% from purchases in July. Over the past three months, central banks have purchased 219 tons of gold after record net purchases in the first half of the year. Countries with USD-denominated debt continue to face high financing costs. James Robertson, an analyst at Grant's Interest Rate Observer, said the only way for countries to reduce those costs is to diversify away from the dollar and gold remains the most attractive global monetary asset.
OANDA:XAUUSD BUY 1827-1829
✔️TP1: 1833
✔️TP2: 1837
❌SL: 1822
NZDJPY | COULD BE A GOOD BUY!The 1-4 hour trend is technically bearish, however, we just broke the 4h 100 moving average with a solid bullish engulfing candlestick, our stoploss covers daily moving average, and 12 hour is developing a good price action. Overall I think the higher timeframe bias will continue and this short-term bearish movement should fade. 📈😊
EURCHF | COULD BE A GOOD SELL!Hey Traders,
Today we have a nice rectangle break into a forming decending triangle, with a bearish engulfing candlestick as confirmation, first take profit is at around 20 pips if we manage to break support this trade will drop a lot more. I also like the ma crossover and 12 hour timeframe has nice bounces off 200 MA line.😊📈
EURUSD has an upward trendJulius Baer reduces its forecasts for the euro versus the dollar, now expecting it at $1.04 in three months compared with a previous forecast of $1.10, reflecting recent price movements and as the economyfavors a stronger dollar, economists David Kohl and Stephanie Kennedy say in a note. Given this week's dollar gains, it is increasingly difficult to justify forecasting euro appreciation as the dollar benefits from "a sustained tailwind." As both the Federal Reserve and the European Central Bank have probably completed their cycle of interest-rate increases, movements in the exchange rate will increasingly depend on economic momentum again, they say. Julius Baer forecasts EUR/USD at 1.08 in 12 months' time. EUR/USD falls 0.1% to 1.0458.
XAUUSD likely to increaseWorld gold spot price stands around 1,838.2 USD/ounce, up 13.8 USD/ounce compared to last night. Gold futures price for December delivery on Comex New York floor is at 1,821.3 USD/ounce
The world spot price of gold stands around 1,824 USD/ounce. Gold delivered in December on the Comex New York floor was at 1,840 USD/ounce.
Gold fell mainly because the USD soared to a 10-month peak. The DXY index at the beginning of the trading session on October 3 (US time) continued to stand at a very high level of 107.15 points. In the previous session, this index had a breakthrough from above 105 to above 106 points. This is a very high price compared to the 100 point threshold in mid-July.
Gold was also pulled down because a commodity closely related to gold, oil, cooled slightly.
Meanwhile, US bond yields reached a 16-year high, at nearly 4.7%/year.
OANDA:XAUUSD BUY 1819- 1817🔼🔼
✔️TP1: 1823
✔️TP2: 1827
❌SL: 1814
Predict the direction of gold movementWorld gold spot price stands around 1,838.2 USD/ounce, up 13.8 USD/ounce compared to last night. Gold futures price for December delivery on Comex New York floor is at 1,821.3 USD/ounce
The world spot price of gold stands around 1,824 USD/ounce. Gold delivered in December on the Comex New York floor was at 1,840 USD/ounce.
Gold fell mainly because the USD soared to a 10-month peak. The DXY index at the beginning of the trading session on October 3 (US time) continued to stand at a very high level of 107.15 points. In the previous session, this index had a breakthrough from above 105 to above 106 points. This is a very high price compared to the 100 point threshold in mid-July.
Gold was also pulled down because a commodity closely related to gold, oil, cooled slightly.
Meanwhile, US bond yields reached a 16-year high, at nearly 4.7%/year.
TVC:GOLD BUY 1819- 1817🔼🔼
✔️TP1: 1823
✔️TP2: 1827
❌SL: 1814
BLZ/USDT Signal Alert: Charting the Course! 📈🚀 BLZ/USDT Signal Alert: Charting the Course! 📈
Spotting the Levels:
📍 Current Spot: $0.1512
📈 Potential Resident: $0.1633
📉 Downward Watch: New Spot
🚀 Upward Targets: $0.1767 and $0.1982
📊 Analysis: BLZ/USDT is navigating the crypto seas. Here's your roadmap:
🟢 Stability: If it holds steady at $0.1512, the path to $0.1633 is in sight.
🟠 Uncertainty: Should it dip further, a new spot may form.
🔵 Optimism: In the upward scenario, we aim for $0.1767 and $0.1982.
📢 Trade Strategy: Keep a close eye on BLZ. Be ready to act as per the market's mood. Enjoy the ride with Bitxer! 🌊🌟
EURUSD has an uptrendEURUSD on Monday fell by -0.79% and matched last Thursday’s 8-3/4 month low. The euro was under pressure Monday after the 10-year T-note yield climbed to a 16-year high, which strengthened the dollar’s interest rate differentials versus the euro.
Monday’s comments from ECB Vice President Guindos supported the euro when he said interest rates at their current levels will help bring down inflation to the ECB's 2% target and that talk of rate cuts by the ECB is premature.
Monday’s Eurozone economic news was bullish for the euro after the Eurozone Aug unemployment rate fell -0.1 to match the record low of 6.4%, right on expectations.
OANDA:EURUSD BUY 1.0459 - 1.0469 🔽🔽
✔️TP: 1.0500
❌SL: 1.0429
XAUUSD has an uptrendWorld gold spot price stands around 1,822.5 USD/ounce, down 7.5 USD/ounce compared to last night. Gold futures price for December delivery on Comex New York floor is at 1,838.9 USD/ounce
On the world market, spot gold price on Kitco on October 2 traded at 1,830 USD/ounce.
Everett Millman, market analyst at Gainesville Coins, said that according to the annual cycle, early October is the time when gold prices start to get hotter. The gold market will soon turn upward in price due to increased buying demand from China and India. The Diwali festival begins in November but many Indians will start accumulating gold from October.
GOLDBUY 1815 - 1817 🔽🔽
✔️TP1: 1822
✔️TP2: 1826
❌SL: 1810
Gold tends to increaseWorld gold spot price stands around 1,822.5 USD/ounce, down 7.5 USD/ounce compared to last night. Gold futures price for December delivery on Comex New York floor is at 1,838.9 USD/ounce
On the world market, spot gold price on Kitco on October 2 traded at 1,830 USD/ounce.
Everett Millman, market analyst at Gainesville Coins, said that according to the annual cycle, early October is the time when gold prices start to get hotter. The gold market will soon turn upward in price due to increased buying demand from China and India. The Diwali festival begins in November but many Indians will start accumulating gold from October.
TVC:GOLD BUY 1815 - 1817 🔽🔽
✔️TP1: 1822
✔️TP2: 1826
❌SL: 1810
EURUSD decreased and recoveredThe dollar starts the week slightly lower, with the DXY dollar index down 0.1% at 106.10, but the falls aren't convincing enough to look like they could mark the start of a downward trend, analysts at UniCredit Research say in a note. "We remain skeptical that a shift in sentiment has occurred," they say. The dollar's falls on Friday could simply represent position adjustments on the final trading day of September. "After all, the dollar index (DXY) is still at around 106 and EUR/USD remains slightly below 1.06, even though lower-than-expected preliminary eurozone CPI data for September failed to affect the common currency." EUR/USD trades flat at 1.0586.
OANDA:EURUSD SELL 1.0567 - 1.0577 🔽🔽
✔️TP: 1.0527
❌SL: 1.0600
XAUUSD tends to increaseThe decline in gold prices is closely related to the rise of the US dollar and US bond yields, especially the 10-year bond yield which has reached its highest level since October 2007, surpassing 4.6 %.
Kevin Grady, President of Phoenix Futures and Options, noted that gold is facing a major challenge due to predictions that the US Federal Reserve (Fed) has no plans to lower interest rates anytime soon. Meanwhile, the expected increase in interest rates has lost the appeal of holding gold, which does not bring yield
Jeffrey Christian, CEO at CPM Group, said that although gold prices are struggling, it still maintains a higher price floor compared to last year. He noted that gold can build a new foundation at current prices as the US economy continues to grow, but there are also risks of a future recession.
Christopher Vecchio, head of Futures and Forex at Tastylive.com, said gold prices could fall as low as $1,800 an ounce, but also noted that as the economy weakens, gold prices could become Long-term buying opportunity.
GOLDBUY 1840-1842
✔️TP : 1846
✔️TP : 1850
⚠️SL : 1838
Gold tends to increaseThe decline in gold prices is closely related to the rise of the US dollar and US bond yields, especially the 10-year bond yield which has reached its highest level since October 2007, surpassing 4.6 %.
Kevin Grady, President of Phoenix Futures and Options, noted that gold is facing a major challenge due to predictions that the US Federal Reserve (Fed) has no plans to lower interest rates anytime soon. Meanwhile, the expected increase in interest rates has lost the appeal of holding gold, which does not bring yield
Jeffrey Christian, CEO at CPM Group, said that although gold prices are struggling, it still maintains a higher price floor compared to last year. He noted that gold can build a new foundation at current prices as the US economy continues to grow, but there are also risks of a future recession.
Christopher Vecchio, head of Futures and Forex at Tastylive.com, said gold prices could fall as low as $1,800 an ounce, but also noted that as the economy weakens, gold prices could become Long-term buying opportunity.
TVC:GOLD BUY 1840-1842
✔️TP : 1846
✔️TP : 1850
⚠️SL : 1838
EURUSD is trending downIn the wider currency market, the euro EURUSD lost 0.07% to $1.0565, after ending the previous quarter with a 3% fall, its worst performance in a year. The Euro fell sharply after breaking the key support level of 1.0580. The currency touched a low of 1.0488 and rebounded from there. Resistance levels for the Euro are at 1.06 and then in the 1.0670-1.0700 zone. If the recent recovery momentum is maintained, the Euro could rebound to the 1.06-1.07 mark. However, the possibility of an increase beyond 1.07 is unlikely. The short-term outlook remains bearish. Therefore, we can expect the Euro to fall to 1.04 next week, or to rise to 1.06-1.07 and then adjust back to 1.04.
OANDA:EURUSD SELL 1.0568 - 1.0578 🔽🔽
✔️ TP: 1.0530
❌ SL: 1.0600
Slight uptrend of goldGold prices have had a difficult week due to the negative impact of the rising US dollar (USD) and climbing US bond yields. Gold prices are expected to end the week at the lowest price in 6.5 months and continue to face many challenges as the US Federal Reserve (Fed) maintains a restrictive monetary policy.
The decline in gold prices is closely related to the rise of the US dollar and US bond yields, especially the 10-year bond yield which has reached its highest level since October 2007, surpassing 4.6 %.
Kevin Grady, President of Phoenix Futures and Options, noted that gold is facing a major challenge due to predictions that the US Federal Reserve (Fed) has no plans to lower interest rates anytime soon. Meanwhile, the expected increase in interest rates has lost the appeal of holding gold, which does not bring yield. Christopher Vecchio, head of Futures and Forex at Tastylive.com, said gold prices could fall as low as $1,800 an ounce, but also noted that as the economy weakens, gold prices could become Long-term buying opportunity.
TVC:GOLD BUY 1844-1842
✔️TP : 1848
✔️TP : 1852
⚠️SL : 1840
Gold tends to increase slightlyGold prices have had a difficult week due to the negative impact of the rising US dollar (USD) and climbing US bond yields. Gold prices are expected to end the week at the lowest price in 6.5 months and continue to face many challenges as the US Federal Reserve (Fed) maintains a restrictive monetary policy.
The decline in gold prices is closely related to the rise of the US dollar and US bond yields, especially the 10-year bond yield which has reached its highest level since October 2007, surpassing 4.6 %.
Kevin Grady, President of Phoenix Futures and Options, noted that gold is facing a major challenge due to predictions that the US Federal Reserve (Fed) has no plans to lower interest rates anytime soon. Meanwhile, the expected increase in interest rates has lost the appeal of holding gold, which does not bring yield. Christopher Vecchio, head of Futures and Forex at Tastylive.com, said gold prices could fall as low as $1,800 an ounce, but also noted that as the economy weakens, gold prices could become Long-term buying opportunity.
OANDA:XAUUSD BUY 1844-1842
✔️TP : 1848
✔️TP : 1852
⚠️SL : 1840