Darius_trader
Hello friends! GBP/USD is trying to recover from the previous day's losses, hovering around 1.2410. This currency pair is under downward pressure following better-than-expected economic data from the United States (US). However, the CME FedWatch Tool has reduced to 35% the likelihood that the US Federal Reserve (Fed) will implement a 25 basis point (bps) interest...
Hello everyone! Today AUD/USD is holding gains above 0.6400. Looking at the technical picture of AUD/USD on the 1-hour chart, we can see that the pair is in an expected short-term uptrend. That means we have to stick to the script and aim higher. If that happens a break of resistance would open the door for further upside, targeting 0.6470. Can invite many buyers...
Hello dear readers! EUR/USD continues its uptrend for 4 consecutive days. It traded higher around 1.0760 during the Asian session on Wednesday. Looking at the technical picture of EUR/USD we can clearly see that this pair has begun to return to the support zone, expected to decrease in the short term and then move up along the nearby trend line. If that happens a...
Hello friends! Currently the EUR/USD pair hovers around 1.0740 during the Asian session on Thursday, trying to recover from the previous day's losses ahead of the policy decision from the European Central Bank (ECB). But now the EUR/USD pair has experienced a decline following the release of upbeat Consumer Price Index (CPI) data from the United States...
Hello everyone! Today, gold prices are trading steadier from supportive policy measures and strong business activity data from China, which has boosted market sentiment and dampened safe-haven demand. against the US dollar, limiting its recent gains. Furthermore, the stagnant sentiment surrounding US Treasury bond interest rates is also supporting gold prices...
Today EUR/USD continued to decline during the US session falling to the area below 1.0640 as the Euro uptrend faded into ether. The Euro (EUR) is at its lowest price against the Greenback (USD) in six months. With the Euro continuing to slide to new six-month lows, EUR/USD is set to plummet lower if buyers cannot mount a relief rally from here. Looking at the 1D...
Hello everyone ! Today, the USD/JPY pair is maintaining range-bound gains below the mid-147.00s. Strong US economic data has contributed to strengthening the US dollar (USD). Currently, this pair is trading around 147.45 with a slight decrease of 0.02% in today's session. Looking at the technical picture of USD/JPY on the 4-hour chart, we can see that the pair is...
Hi everybody! The AUD/USD pair attracted some buying interest today for the second day in a row on Friday and climbed to a near two-week high. currently rallied beyond the mid-0.6400s following the release of upbeat China data. However, you should still be cautious before buying while the story still supports rising US Treasury bond yields and supports the upward...
Hi everybody! Today the NZD/USD pair reversed trend and rose to 0.5925 from the Kiwi recovery supported by stronger-than-expected China data making the NZD/USD pair stronger than expected. Looking at the technical picture of the NZD/USD pair on the 4-hour chart, we can see that the pair has returned to the expected short-term bearish resistance line. Given that...
Looking at the technical picture of NZDUSD on the 4-hour chart, we can see that the pair has returned to the expected short-term bearish resistance line. Given that the trend line remains intact as a rule, we should stick to the script and aim higher. If this happens, it is likely to reach the psychological resistance level of 0.5960. More buyers may be invited...
Hello everyone! Currently in today's trading session NZD/USD has experienced upward momentum as a decline in the US Dollar (USD) has pushed the New Zealand Dollar (NZD) above the US Consumer Price Index (CPI). Looking at the technical picture of NZD/USD we can see that the pair has gradually returned to the expected upward support line in the short term. _Given...
Hello everyone! Gold today continues to trade below 1910 USD, down about 5 USD compared to the previous trading session. The main reason may come from last month's consumer price index (CPI) being higher than expected. This August CPI in the US increased 3.7% over the same period last year and core CPI increased 4.3% during that time, causing gold prices to...
Hi everybody! Today, the USD/JPY pair is showing slight volatility falling below the mid-147.00 level. The decline in the value of the US Dollar (USD) is putting downward pressure on the USD/JPY pair, which is currently trading near 147.12, down 0.23% on the day. Looking at the technical picture of the USD/JPY pair on the 4-hour chart, we can see that the Current...
The GBP/USD pair consolidates in a tight range around 1.2490 during early Asian trading on Wednesday. The major pair remains capped by 1.2500 resistance ahead of the release of US economic data. Looking at the technical picture of the GBP/USD pair on the 4-hour chart, we can see that the pair has returned to the expected short-term bearish resistance line. Given...
Hello everyone. Gold continues to fall below the 1910 USD/ounce mark. Up to now, gold price has decreased slightly at 1,909,300 USD/ounce in the context of a stronger USD. In addition, expectations that the Federal Reserve will maintain stable interest rates in the upcoming policy meeting also increased sharply, limiting gold's decline. Looking at the technical...
Currently the AUD/USD pair is approaching the 0.6400 level after encountering fresh selling pressure. The US dollar is recovering even as markets turn cautious amid rising oil prices and key inflation figures from the US. Looking at the technical picture of AUD/USD on the 4-hour chart, we can see that the pair is gradually narrowing its downtrend. A drop below...
Hello rich traders. In today's trading session GBP/USD came under selling pressure and fell to 1.2460 following the release of mixed data on Industrial Production and UK GDP. A Look at GBP's Technical Picture /USD we can see that this pair is moving sideways and we can argue that this market has not yet had any new data and fluctuations. _But recent movements...
Hello dear traders. Are you wondering how the XAUUSD price is trading today? Looking at the technical picture of XAUUSD on the 4-hour chart we can see that today's gold price fluctuates around 1910 with a short-term decline expected. _ Given that the trend line remains intact as a rule we must stick to the script and aim lower. That means we will execute that...