ATSM_Trading

ATSM_Trading

Market news and reviews After the Federal Reserve kept interest rates unchanged for the sixth time and announced it would slow down the pace of balance sheet shrinkage, gold prices rose sharply above the $2,300/ounce mark and held above this important price level, At the same time, it also achieved the target adjusted increase in publishing the previous issue sent...

ATSM_Trading Updated 

Gold prices are still limited in a narrow range as traders prefer to stay on the sidelines. Bets on Fed rate cuts will revive USD demand and act as a headwind for metals. Investors are now waiting for the FOMC decision and US macro data before placing directional bets. Gold prices are likely to fall back to the area of ​​2,305 USD/ounce, losing all the gains...

ATSM_Trading Updated 

Gold prices are seeing a negative start to a new week on Monday after recording a weekly decline. Gold prices are burdened by resurgent US dollar (USD) demand and a risk-on market mood amid weakening Japanese markets during the holiday season. Gold market assessment recorded positive developments. World gold price reached support level of 2,300 USD/ounce. In...

ATSM_Trading Updated 

EUR/USD fell below 1.0670 yesterday as a surprise wage increase in the US revived concerns about persistent inflation. This reduces expectations of interest rate cuts and causes investors to seek safe haven assets and increase the strength of the USD. With European markets closed for the Labor Day holiday, investors' only major concern will be the Fed's latest...

ATSM_Trading Updated 

The GBP/USD currency pair closed in positive territory for three consecutive days on Thursday and climbed to a two-week high at 1.2540 early Friday. Despite falling towards 1.2500 during the European session, the technical outlook suggests the uptrend remains intact. The dollar has weakened against its rivals after US economic data on Thursday fell short of...

ATSM_Trading Updated 

EUR/USD stays weak near 1.0700 ahead of key EU inflation, GDP data EUR/USD is keeping the red near 1.0700, undermined by a broad US Dollar rebound and a mixed market mood early Tuesday. Germany's Retail Sales rebound fail to impress the Euro ahead of key Eurozone inflation and GDP data releases. On the upside, EUR/USD is likely to encounter first resistance at...

ATSM_Trading Updated 

➡️GBP/USD is holding a range at around 1.24300 during the European session on Wednesday. A broadly bearish US dollar combined with risk-off sentiment in the market supported the pair, as traders awaited US Midsize Durable Goods data for further trading guidance. . ➡️The main trend of the GBPUSD market is still in the falling price range. The pair's resistance...

ATSM_Trading Updated 

The US Dollar Index is entering accumulation and recovering after 2 days of decline, making gold priced in US Dollars less attractive thanks to direct correlation. The short-term appeal of precious metals still remains. weak as tensions in the Middle East ease and safe-haven demand weakens. The gold market has been less affected by the escalating conflict in the...

ATSM_Trading Updated 

EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in the risk mood after the previous flight to safety weighed on the US Dollar ahead of the weekend and helped the pair move higher. The driving force for recovery was the selling pressure on the USD when the DXY index dropped to 105.78. However, the bullish outlook for...

ATSM_Trading Updated 

Following strong downward pressure on GBP/USD as the UK's Office for National Statistics (ONS) said the UK labor market weakened significantly in March. UK labor market data suggests that uncertainty about the economic outlook will likely force BoE policymakers to start cutting interest rates sooner than previously expected. At the end of the week GBP/USD...

ATSM_Trading Updated 

Gold increased mainly due to escalating tensions between Iran and Israel. Gold prices recorded the fifth consecutive week of increase. Israel's response came a week after Iran's drone and missile attacks on Israel pushed gold prices to a record high above 2,428 Recent statements from Fed officials suggest there is no rush to cut interest rates in the short term....

ATSM_Trading Updated 

Gold at the historical past of greenback correction is strengthening to the resistance of the bearish channel, which became shaped at the historical past of sell-offs. Ahead of robust information, at the historical past of which the charge may also attain the liquidity area earlier than similarly decline. On the excessive timeframe, a fake breakdown of guide is...

ATSM_Trading Updated 

The world gold price just went through a bad session when it dropped to 68 USD/ounce after just one trading session. Investors sold off massively, causing the precious metal to quickly fall to close to $2,300 per ounce. Investors witnessed the largest single-day drop in more than three years. Gold futures price dropped sharply by 65.6 USD/ounce (equivalent to...

ATSM_Trading Updated 

📌 GBP/USD has bounced back and is trading around 1.2470 after UK CPI data beat market expectations. 📌 Inflation in the UK has now fallen to 3.2% in March, lower than the previous month's 3.4% but higher than market expectations of 3.1%. After the CPI data was released, the British Pound regained its upward momentum as rising inflation may affect the BoE's plan to...

ATSM_Trading Updated 

Gold prices stabilized after hitting a more than two-week low as concerns about escalating tensions in the Middle East subsided, while investors await key economic data to further clarify the timing of interest cuts. US capacity. Markets are also paying attention to signals from the United States, with US inflation data and a Federal Reserve statement suggesting...

ATSM_Trading Updated 

Gold prices are attempting a slight recovery during the Asian session after finding fresh demand near $2,355 once again. Gold prices took advantage of the softer risk tone and sustained weakness in US Treasury yields, despite recent hawkish comments from the Fed. XAUUSD trades above 2370 and the daily chart suggests the slide could continue. Technical indicators...

ATSM_Trading Updated 

The EUR/USD currency pair is going through a period of volatility as tensions between Israel and Iran do not escalate. This has reduced geopolitical risks and decreased demand for the US Dollar as a safe-haven asset, leading to a slight increase in the pair. However, despite a slight increase in EUR/USD, the overall trend remains bearish. EUR/USD is maintaining a...

ATSM_Trading Updated 

During the Asian session on Monday spot gold had a GAP and opened lower, falling to a low of $2,360/ounce. Gold is mainly under pressure because tensions around Israel and Iran seem to have cooled down, which reduces risk aversion, thus putting pressure on gold prices. There are no new points in the developments. geopolitical conflict, all attacks are just in the...