Gold remained relatively subdued, trading below the $1,920 per ounce mark on Friday. This lack of upward momentum can be attributed to the strength of the U.S. dollar, with investors closely monitoring Federal Reserve Chair Jerome Powell's forthcoming speech at the Jackson Hole symposium for insights into the trajectory of U.S. monetary policy. Analysts...
Over the past 24 hours, the British Pound has reached its lowest point against the US Dollar since mid-June, experiencing a nearly 1% drop, marking the most substantial 24-hour decline since late July. Consequently, retail traders have begun to increase their bullish positions. This shift in sentiment can be observed through the IG Client Sentiment (IGCS), which...
EURUSD is testing its LLs. DXY is bullish that's why EUR will continue to be bearish. There is a resistance level and 0.3 level of fib which will be the possible next LH.
Selling this horizontal support level. Its in a huge inflection point in the daily timeframe. I hope this is going down.
On Thursday, gold prices concluded with a minor decline, marking their first drop in five consecutive sessions. This dip coincided with a strengthening dollar and rising Treasury yields, all preceding an eagerly awaited speech scheduled for Friday by Federal Reserve Chair Jerome Powell. The price of gold for December delivery decreased by $1.00, settling at...
"Saxo Bank Highlights Intense Focus on Fed Chair Powell's Speech for Long-Term Policy Clues Over Near-Term Signals" The dollar exhibited significant strength early on Thursday, resulting in increased costs for international buyers of gold. The ICE dollar index, as of the latest data, had risen by 0.51 points to reach 103.93. Simultaneously, Treasury yields...
Gold prices remained stable close to their two-week peak on Friday and were on track for their strongest week in the past six weeks. This stability came as U.S. Treasury yields retreated from their recent highs in anticipation of upcoming speeches by prominent central bankers, including Federal Reserve Chair Jerome Powell. These speeches are expected to provide...
Pair Name : GBPUSD TimeFrame : 4Hrs Direction : Short Type : Swing Target Range : 300 Pips Bearish retest area : 1.26200 ------------------------------------------------------------------------- Neat and clean chart with clear setup, no junk on chart. ------------------------------------------------------------------------- If you like this idea, then smash like...
Gold prices are trading steadily during the morning session in Asia. According to analysts at ANZ, the precious metal is currently navigating through a somewhat uncertain macroeconomic landscape, primarily due to the Federal Reserve's recent decision to potentially consider another rate hike in September. ANZ's research note suggests that altering perceptions...
USD/JPY supply area can reject the price i will enter a sell position when i see confirmation candles and you can enter this sell position according your strategy .
AUDUSD was able to break the 🔴 resistance zone($0.64620-$0.64530) 🔴. Now, we are watching the pull back to the resistance zone . Also, we can find the Double Bottom Pattern(Standard) . 🔔I expect AUDUSD will go UP at least to the upper line of the Ascending Channel and next 🔴 resistance zone($0.65030-$0.64920) 🔴. 🔅Australian Dollar/U.S.Dollar Analyze...
The US dollar was in a weakened position against Asian currencies on Thursday. This came in response to global economic data that was less robust than anticipated, which created uncertainty around the future direction of interest rates and led to a decline in US yields. These developments occurred in anticipation of the Federal Reserve's Jackson Hole...
On Thursday, the price of gold climbed to approximately $1,920 per ounce, marking a continued recovery from its lowest point in five months. This upward trend was fueled by business activity data in major economies that turned out to be weaker than anticipated. As a result, there is growing optimism that policymakers might reconsider their plans to raise interest...
Gold prices remained close to their highest point in two weeks on Thursday, driven by a decline in the U.S. dollar and Treasury yields. Investors were in a state of anticipation, eager to decipher the interest rate signals that the U.S. Federal Reserve might reveal during its annual Jackson Hole meeting. Key Points: - Spot gold was up 0.2% at $1,917.50 per ounce...
Gold prices inched up during the early trading session in Asia, building upon the gains observed overnight. This upward momentum comes as anticipation mounts for the Jackson Hole symposium, where the Federal Reserve is expected to provide further insights into its policy direction. Analysts at ANZ point out that a combination of lackluster U.S. economic data and...
On Thursday, the price of gold advanced to approximately $1,920 per ounce, marking a continued recovery from its five-month lows. This upturn was prompted by business activity data in major economies, which turned out to be weaker than expected. This raised hopes among investors that central bankers might reconsider their plans for interest rate hikes in order to...
Gold futures surged on Wednesday, registering a substantial single-session gain of more than 1%, marking their most significant increase since the close of July. Recent weeks had seen gold prices facing mounting pressure due to what analysts at UBS described as "surprisingly resilient U.S. economic data and concerns regarding the Federal Reserve's anticipated...
↗️DXY Index reacted well to the Resistance Line . 🌊According to Elliott wave theory, DXY completed 5 impulse waves at the resistance zone by 🐮Bull Trap🐮. 🔔I expect DXY to drop to at least one of the Fibonacci levels that I specified in my chart. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your...