- The Euro extends its weekly recovery against the US Dollar. Stocks in Europe trade in a mixed tone so far on Thursday. EUR/USD adds to Wednesday's advance beyond the 1.0500 hurdle. - The USD Index (DXY) appears under pressure in the sub-107.00 zone. The Construction PMI in Germany weakens in September. The usual weekly Claims and Fedspeak take centre stage...
⚡️Gold continues losing ground for the seventh straight day and drops to a fresh multi-month trough. ⚡️Hawkish Fed expectations, elevated US bond yields and bullish USD continue to weigh on the metal. ⚡️A softer risk tone fails to lend support, though oversold conditions could help limit any further losses. ⚡️Gold price (XAU/USD) prolongs its recent...
⚡️The British Pound (GBP) and Yen (JPY) both failed to find momentum to launch the charts for the new trading week. ⚡️The GBP has struggled to find support across the charts after the Bank of England (BoE) kept interest rates steady last week in a split vote, and the end of the cycle appeared likely. The UK's interest rate hike has come much sooner than many...
⚡️Gold spot trims losses, trading at $1866.44, after US Treasury bond yields retract from multi-year highs, causing the USD to weaken. ⚡️US GDP for Q2 meets expectations at 2.1%, with inflation dropping to 1.7%, below the previous 3.9%, indicating economic stability. ⚡️Federal Reserve officials hint at potential further rate hikes if inflation progress stalls,...
⚡️Gold hit 6 month lows Wednesday as the $1,900-an-ounce support in place since early August crumbled amid a continued flow of investment money from the yellow metal towards the dollar and Treasury yields. ⚡️US bond interest rates increased by 4.6%, the green currency continued to receive support from the Fed, plus the fund sold off nearly 5 tons of gold,...
⚡️ Gold price (XAU/USD) drops vertically to near $1,915.00 as uncertainty over the interest rate outlook by the Federal Reserve (Fed) deepens. The upside in the precious metal remains restricted as Fed policymakers continue to maintain a hawkish stance for upcoming monetary policy meetings. Chicago Federal Reserve Bank President Austan Goolsbee said "It feels like...
Gold prices see a recovery, achieving gains of 0.25%, driven by a reversal in US bond yields, with the 10-year note coupon dropping from a 16-year high of 4.51% to 4.44%. Federal Reserve officials express a cautious stance, emphasizing the need for patience despite the necessity for further rate hikes to control inflation. The US Dollar Index (DXY) continues to...
⚡️GBP/USD continues the losing streak that began on September 20, trading below 1.2150 during the Asian session on Wednesday. Upbeat economic data from the United States (US) reinforces the prevailing pressure on the pair. ⚡️US Consumer Confidence released on Tuesday for September declined to 103.0 from the previous reading of 108.7 in August. While Building...
⚡️The EUR/GBP stretched for the 0.8700 major handle in Friday trading, closing the week with over a full percent of upside gains with the Euro (EUR) seeing its best trading week against the Pound Sterling (GBP) since early February. ⚡️The Bank of England (BoE) pulled back from a broadly-anticipated rate hike this Thursday after inflation figures for the UK...
⚡️Spot gold briefly lost its hold on $1,900 territory Tuesday before recapturing it as the resurgent dollar and Treasury yields brought their full weight to bear on bullion. ⚡️Gold prices have seen renewed weakness this month under the combined pressure of Treasury yields, benchmarked against the US 10-year bond, and the dollar. ⚡️Bond yields spiked to a new...
Gold hit a one-week low Thursday after the Federal Reserve vowed to hike rates until inflation returns to its annual target of 2% — a pledge market followers said could deliver more downside for the yellow metal. Gold sank after the 10-year yield on U.S. treasuries hit an intraday peak of 4.495, its highest since 2007, reflecting a bond market in steep selloff....
⚡️ U.S. consumer prices rose a second month in a row in August, reaching a year-on-year growth of 3.7% from 3.2% in July, due to high pump prices of gasoline which accounted for more than half of the increase — a phenomenon that could put renewed pressure on inflation fighters at the Fed. ⚡️ The central bank’s desired inflation remains at a max 2% per year and it...
This list of pairs that I have where there is a higher probability to trade today, these pairs are taken after an analysis that I do before each daily operation.
1. Rollback after growth under $BTC rollback. 2. The uptrend line has been broken. 3. Buyers on the MACD show weakness at 4h and 1h. 4. Multiple divergences on 4h and 1h. 5. Local short position. 6. Don't forget about your risk management!
$BTC this has become so ridiculous. up and down same amounts daily. Lenders should be broke by now, but they are not and why, because you guys need to understand, you're lending off people that know your positions, its so easy to liquidate you as there is absolutely no regulations, no insight on who is dumping or pumping. Clearly manipulated, so obvious the...
Looking for a drop after a retest of the previous support lvl that was broken. noting looking back u can see it being a resistance lvl that was turned into a support lvl Im only looking to short till the nearest support area which would be on the 11,900 mark but this is a practice test of my own strategy or trade style I'm trying to build. so (DEMO Trade)
Testing out my own strategy. tracking the win/loss percentage
OANDA:XAUUSD When the range is broken, we enter the position on each side$$$$$$