Data showed U.S. weekly jobless claims rose moderately as the labor market continues to show few signs of a significant slowdown. The Fed held rates steady on Wednesday as policymakers considered whether financial conditions may be sufficiently tight to control inflation. The market now sees an 80% chance of another Fed pause in December, according to the CME...
Bearish flag pattern is taking place ahead of NFP The EUR/USD pair holds steady through the Asian session on Friday and for now, seems to have stalled the overnight pullback from the vicinity of the 1.0670-1.0675 hurdle, or the weekly high. Spot prices currently trade around the 1.0625-1.0630 region, nearly unchanged for the day, as traders keenly await the US...
The USD increased before the Fed's decision 🩵🩵🩵 The US dollar edged higher in early European trading Wednesday ahead of the conclusion of the Federal Reserve's latest meeting, while the yen remained near a one-year low.
Some comments about GOLD that Jessica wants to send to traders. Thanks for reading 🩵🩵🩵 Gold price adjusted relatively dark yesterday after the announcement of unsuccessfully breaking the 2006 resistance zone. Perhaps Gold will go even deeper before announcing the main news of the month and will be the most significant correction phase. from 1810 when this uptrend...
Gold buyers look to $2,000 and US Nonfarm Payrolls 🩵🩵🩵 Gold price is finding its feet to attempt another run to the $2,000 threshold early Thursday, as the United States Dollar (USD) and US Treasury bond yields lick their wounds following a non-committal US Federal Reserve (Fed) interest rate outlook and mixed US economic data.
The daily EUR/USD daily chart above trades within a developing rising wedge/bear flag pattern (black) that may hint at subsequent downside should price breach wedge/flag support. Bulls were unable to push above the 50-day moving average (yellow) and the upcoming Fed catalyst could spark a pattern breakout. The Relative Strength Index (RSI) currently hovers around...
After setting a short-term peak in 2009, gold has returned to correct in the 1996 area. Although there is a correction and from a technical perspective, it seems that the recovery wave will probably do better in the price ranges around 1981. Although However, the escalation of war increased support and maintenance for gold at the 1993-1989 support price...
An angry mob in Russia's Muslim-majority Dagestan region stormed the airport where a flight from Israel landed on Sunday, forcing authorities to close the facility and redirect flights. According to a statement by Dagestan's Health Ministry late Sunday, the clashes left at least 10 people injured, including two in critical condition. War is very fierce. Hope all...
Vujcic further noted that Croatian banks have not raised deposit interest rates as significantly as German banks. Instead, they are offering cheaper mortgages and loans in the euro zone's newest member state. He expressed confidence in achieving the ECB's 2025 inflation target. President Lagarde predicts there will be no immediate interest rate hikes and expects...
Gold prices have risen over the past three weeks as investors flocked towards the yellow metal due to its safe-haven appeal in the aftermath of geopolitical tensions that have erupted due to the Israel-Hamas conflict, Deveya said Gaglani, Research Analyst-Commodities at Axis Securities. Prices have risen nearly 8% from lows despite the dollar index's potential...
I want to send a few small analyzes on the market to readers, please be careful when trading. Thank you ❤️ Gold rose sharply on Friday as the war situation in the Middle East continued to heat up. Israel expanded its bombing of the Gaza Strip, causing local Internet and phone services in Gaza to be cut off. Gold price increased to around the 2010 price level, the...
The GBPJPY pair returned to form weak sideways trades, postponing the bullish rally due to its consolidation below 183.50 barrier, to notice approaching the additional support at 181.50. Also, the contradiction between the major indicators by stochastic decline below 50 level confirms surrendering to the domination of the sideways bias for the near-term period,...
Hello everyone, I have some information to share with you. Hope it's useful, thank you for reading ❤️ Euro zone inflation, which peaked at 10.6% in October 2022, is expected to fall to 3.1% this month. This is closely aligned with the ECB's 2% target according to recent economic forecasts. In response to these developments, commercial lenders have been quick to...
Secretary of State Antony Blinken told the agency Tuesday that "a humanitarian pause must be considered" to allow aid to reach civilians in Gaza, though he specifically avoided the phrase "ceasefire." On Monday, National Security Council spokesman John Kirby rejected calls for a ceasefire, telling CNN that Hamas must first release hostages held in Gaza. Nearly...
Gold prices were poised for a third consecutive weekly gain on Friday as the Middle East conflict kept investors drawn towards safety of bullion despite a higher-for-longer U.S. interest rate backdrop. Spot gold edged 0.1% higher to $1,986.76 per ounce by 0341 GMT. U.S. gold futures were steady at $1,996.80.
EURUSD cleanly broke through the topside of a descending trend channel last week and continued higher to briefly pierce minor resistance levels near 1.0680 to make a high at 1.0695. The price action on the day that the price made that high saw a Bearish Engulfing Candlestick formation emerged and it has gone lower in the proceeding days. A Bearish Engulfing...
Trading volumes have since ratcheted higher, and in the past seven days alone, bitcoin has shot up over 22% against the US dollar. Though this Thursday’s early trades have been relatively subdued, the BTC/USDT pair has managed to hold into Wednesday’s 1.7% add and was swapping for more than $34,600 at the time of writing.