BB_TradingFX

BB_TradingFX

Gold prices hovered near the all-time high reached earlier this week amid a weaker USD and expectations of further Fed rate cuts. Moreover, concerns about economic slowdown in the US and China further supported the safe-haven asset XAU/USD. On the technical chart, XAU/USD is on track to retest recent highs and even extend gains, despite the positive market...

BB_TradingFX Updated 

EUR/USD surged to a fresh September high after the Federal Reserve surprised markets with a 50 basis point rate cut on Wednesday, sending risk appetite into high gear and sending traders scrambling to hit the buy button. Further upside in EUR/USD is likely to face initial resistance around the September high of 1.1189 (September 18), before moving on to the 2024...

BB_TradingFX Updated 

Hello everyone! Are you curious about the current gold price? Gold prices fluctuated in a range on Thursday, consolidating their slide after the FOMC rejected the $2,600 level or a new record high the previous day. Persistent geopolitical risks, along with signs of economic uncertainty in the United States and China, supported the safe-haven metal.

BB_TradingFX Updated 

Hello wonderful friends! USDJPY has struggled to conquer the recent gains at 144.00g. However, its upside momentum was limited after weak data released yesterday weakened the USD and affected the upcoming outlook of the major currency, as can be seen from the 143.50 setup on the 2-hour chart. On the technical chart, although the uptrend remains supported and the...

BB_TradingFX

GBP/USD gained traction and rose to 1.3200 on Wednesday morning in Europe. Data from the UK showed that the core CPI rose 3.6% year-on-year in August, up from 3.3% in July and supported GBP. Focus turns to the Fed's policy decisions.

BB_TradingFX

Looking at this Eurusd chart, I see that the money pair is showing signs of continuing to move in the uptrend. The current price is trading around 1,11231, and there are a few important factors that we need to consider. Firstly, the yellow support area has been maintained very well, showing that the buyer still has the strength in maintaining the price in this...

BB_TradingFX

Today, gold price touched $2571 and did not change much from yesterday's trading session with stability above the highs in early Wednesday. Today there is no strong news and I will focus on the analysis on the 4-hour chart of #GOLD. From a close observation, the trend line and the price wedge both show an uptrend, however it is limited below the resistance of the...