Gold's implied volatility from the derivatives market remains low and there are few signs of a spike. Typically, gold prices increase during periods of high volatility and decline during periods of lower volatility. However, weakness in the USD and US government bond yields on Tuesday helped prolong gold's rally. Gold prices tend to move inversely to the USD...
NZD/USD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. NZD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. NZD/CAD Short Minimum entry...
World gold continues to test resistance below 2,050 USD/ounce and is having difficulty attracting new upward price momentum even when published data is not as expected. Conference Board survey results released on February 27 showed that the US consumer confidence index decreased in February to 106.7, down from 110.90 adjusted down in January. Consumer optimism...
Today's focus: USDX Pattern – Continuation (Bullish) Support – 103.65 Resistance – 103.96 Hi, traders; thanks for tuning in for today's update. Today, we are looking at USDX on the daily chart. Today, we are asking if the USDX will set off on a new continuation higher after posting further bullish price action. The worry is if we don't see a close above...
FOREXCOM:USDILS 1) FX:USDCAD 2) FX:EURGBP 3) FX_IDC:EURPLN 4) OANDA:GBPCHF 5) OANDA:AUDSGD Hanging off a cliff. Surprise weakness in usd to end the week. Still not the number 1 ticker. Sticking by trading small and holding. Under daily 200 and vwap.
During the February 27 session, gold prices weakened after durable goods orders data and consumer confidence reports both fell stronger than expected. During the European session, XAU/USD increased to $2,039 but then fell sharply and closed the session at $2,030. Investors are waiting for upcoming US economic data to get more information about the world's largest...
Gold futures last traded at 2,041 USD/ounce, down 8.35 USD compared to yesterday morning. World gold decreased slightly as the market waited for the US personal consumption expenditure (PCE) price index report. This important inflation data is expected to give investors more clues about the future interest rate direction of the US Federal Reserve (Fed). PCE, the...
While the weaker inflation report probably won't change things at the March meeting, according to OANDA senior market analyst Craig Erlam, it could at least trigger a debate. There is more serious discussion within the Fed about the timing of the first cut, and that could be positive for gold. Despite gold's decline, FXTM senior research analyst Lukman Otunuga...
The XAU/USD pair is little changed for a second consecutive day but retains the neutral-to-bullish stance. In the daily chart, the bright metal keeps developing above a flat 20 Simple Moving Average (SMA), currently at $2.020 in line with the absence of directional strength. However, the 100 SMA keeps heading north well below the current level, skewing the scale...
The slight uptick in AUD/USD occurred despite the equally marginal advance in the Greenback, as well as the continuation of the intense sell-off in iron ore prices, which reached multi-month lows near the $126.01 yardstick in response to increasing inventories and heightened uncertainty surrounding the Chinese housing market. Spot price movements also mirrored...
Good Day fellow viewer. I am new to this youtube thing so I'll just be posting my analysis on certain pairs everyday. I am not an expert or a pro, I just enjoy analysing charts. Please enjoy and also enjoy the upcoming videos. I don't provide financial advice or sell anything. All the videos will just be my personal thoughts on which direction price will go. These...
Gold prices lost ground on Monday following a strong performance last Friday, pressured by rising U.S. Treasury yields - a situation that generally diminishes the appeal of the non-interest-bearing asset relative to fixed-income securities. In this context, XAU/USD finished the session around $2,0Forecasts suggest January's core PCE increased 0.4%...
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can...
EURAUD H1 SETUP: Euraud sell now Price@ 1.66200 Tp@ 1.65000 Sl@ 1.66700
GBPAUD H1 SETUP: Gbpaud sell now Price@ 1.94150 Tp@ 1.93000 Sl@ 1.94650
Over the past few weeks, Fed officials have emphasized that the market is too optimistic in expectations of policy easing Reduced cut expectations have put slight pressure on XAU World gold prices tend to increase with spot gold increasing by 1.3 USD to 2,036.6 USD/ounce. Last week, the world gold market was less volatile with prices fluctuating in a narrow range...
, gold has increased by 5 in 6 moderate versions. The US Dollar Index has also decreased in 6 of the last 7 sessions. Chandler said he expects the dollar to continue its downward trend because he believes the interest rate adjustment is coming to an end. He believes that spot gold could rise to $2,050/ounce this week. If upcoming economic data continues to be...
In this live trading video,we explore the idea on if we should set a target on our JPY positions of EURJPY and USDJPY. We explore the reasons for when we should set a target and when we should not. You can cross transfer these principles on any strategy.