GOLDFXCC

GOLDFXCC

- Possible bullish pullback price movement on DXY towards the resistance 120$ within the next period.

GOLDFXCC

The USDCHF pair appears well-positioned for an initial target of 0.95000, indicating a potential upward trend. Strong buying opportunities are anticipated around the 0.86900 zone, offering a strategic entry point for traders aiming to capitalise on the pair's current momentum. This level aligns with a broader outlook for potential gains as market dynamics evolve....

GOLDFXCC

The GBPJPY shows potential for a bearish pullback, which may drive the price down toward the support level at 190.000. Key selling opportunities are anticipated around the 198.500 level, presenting a strategic entry point for traders aiming to capitalise on this potential downward movement.

GOLDFXCC

The CADCHF pair appears well-positioned for an initial target of 0.64800, signalling a potential upward trajectory. Around the 0.62600 zone, favourable buying opportunities are anticipated, especially for traders looking to capitalise on the pair's current momentum. This level could serve as a strategic entry point, aligning with the broader outlook for potential...

GOLDFXCC Updated 

The AUDCHF is poised for an initial target of 0.57600, with favourable buying opportunities at 0.56800

GOLDFXCC Updated 

Record High and Pullback Gold recently hit a record high of $2,790.17, mainly driven by safe-haven buying due to uncertainty around the U.S. election and tensions in the Middle East. However, it pulled back to $2,736.45 as the U.S. dollar and Treasury yields rose, making non-yielding assets like gold less attractive. Weak Jobs Data and Fed Rate Cut...

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The USDJPY outlook remains bullish as strong U.S. economic data, particularly higher consumer sentiment and robust core capital goods orders, bolsters the dollar. With safe-haven flows supporting the USD amid global uncertainties and Japan’s dovish monetary stance, the pair is positioned for further gains. While the Fed’s cautious approach on rate cuts and stable...

GOLDFXCC Updated 

Gold Market—Fed Rate Cut Hopes and Middle East Tensions - Last week, gold prices edged higher, closing at $2,660, up just 0.13%. The ongoing conflict, particularly Israeli airstrikes on Hezbollah, boosted safe-haven demand for gold, though the strength of the U.S. dollar limited significant gains. - Early in the week, strong nonfarm payroll data sparked...

GOLDFXCC Updated 

Traders are closely watching the Federal Reserve’s next moves, with an 87% chance of a 25-basis-point rate cut in November according to the CME FedWatch tool. Although Fed Governor Christopher Waller urged caution on additional rate cuts, the prospect of easing is still expected to support gold prices. Non-yielding assets like gold tend to benefit from lower...

GOLDFXCC Updated 

Possible bullish pullback price movement on USDCHF towards the resistance 0.93800 within the next period.

GOLDFXCC Updated 

Possible bullish pullback price movement on USDJPY towards the resistance 151.200 within the next period.

GOLDFXCC Updated 

The CADCHF is poised for an initial target of 0.64200, with favourable buying opportunities anticipated as it progresses.

GOLDFXCC Updated 

The upcoming Jackson Hole symposium, scheduled for August 22-24, is expected to be a significant event for financial markets. Hosted by the Federal Reserve Bank of Kansas City, the gathering will bring together central bankers, policymakers, and economists from around the world. Investors are eagerly awaiting Fed Chair Jerome Powell’s remarks, which could provide...

GOLDFXCC

Planning to initiate a short position in the Nasdaq when it reaches 19,100, aiming to capitalise on a downward movement to 18,900. Once the Nasdaq hits 18,900, I will close my short position and open a long position, anticipating a rebound that could lead to a new all-time high (ATH). This strategy is designed to take advantage of both the anticipated decline and...

GOLDFXCC

Gold Prices Record High Amid Fed Rate Cut Speculation - Gold reached an all-time high of $2,586 per ounce last week, rising over 3.25% as speculation grows about a potential U.S. Federal Reserve rate cut. - Traders are betting on a larger-than-expected cut, potentially 50 basis points, to stimulate the economy, which has been impacted by inflation concerns and...

GOLDFXCC

- GBPUSD continues its attempts to settle above the resistance at 1.3120 – 1.3140 as traders focus on general weakness of the U.S. dollar. - In case GBPUSD settles above the 1.3140 level, it will gain additional upside momentum and move towards the next resistance at 1.3245 – 1.3665.

GOLDFXCC Updated 

- Gold prices remained close to their recent all-time highs last week, driven by strong market sentiment and expectations of an interest rate cut by the Federal Reserve in September. This optimism follows comments from Fed Chair Jerome Powell, who suggested a potential policy shift, fueling speculation that the Fed may reduce rates by 25 basis points, with some...

GOLDFXCC Updated 

The upcoming Jackson Hole symposium, scheduled for August 22-24, is expected to be a significant event for financial markets. Hosted by the Federal Reserve Bank of Kansas City, the gathering will bring together central bankers, policymakers, and economists from around the world. Investors are eagerly awaiting Fed Chair Jerome Powell’s remarks, which could provide...