Gold Price: Current Pricing, Prices Chart & Rate Graph Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
GBP/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/CAD Short Minimum entry requirements: • If 3 touch 1H continuation...
The price of Bitcoin whipped to a new high in the US morning session and in the process extended above the high price for the week at $71572. The high for the day was reached at $71754, but buyers The subsequent run to the downside, next took the price below the lows for the day and in the process entered into a swing area between $68249 and $68864. THe low price...
The USDCHF earlier today reached up to the highest level of the year at 0.90949. However the last three or four hours have seen a rotation to the downside after the weaker than expected ISM nonmanufacturing data. Fed's Powell also, the market at that sending yields lower and the US dollar lower in the process. That good news sent the price of the USDCHF down below...
NZDUSD has turned bearish on its 1D technical outlook (RSI = 42.582, MACD = -0.004, ADX = 53.918) as up until two days ago it was on the 2nd Bearish Wave of the 2024 Channel Down. This wave appears to have ended as the price hit and rebounded on the S1 level, posting so far two very strong green 1D candles. The pair may make one more Lower Low as on February 5th...
Inflation in the eurozone continues to decline. March CPI eased to 2.4% y/y, down from 2.6% in February and below of the market estimate of 2.6%. This matched November’s 28-month low and was driven by the continued slowdown in food inflation. Monthly, CPI rose to 0.8%, up from 0.6% but below the forecast of 0.9%. Core CPI also declined, with a reading of 2.9% y/y....
The EUR/USD pair experienced notable volatility on Tuesday, following our previous forecast indicating a potential bearish continuation. Despite initially touching previous support-turned-resistance levels, the pair managed to close in positive territory. Currently, it remains within our Fibonacci levels of interest, signaling a possible continuation of the...
Gold extends its upward momentum after the JOLTS jobs report Gold bounced above $2,270 after the JOLTS report, the focus turned to US services PMI data. During the April 2 session, gold mainly traded in the range of $2,248 - $2,263, then bounced above $2,270 when the JOLTS jobs report was as expected before correcting downward and ending the day at...
Btcusd ago that the technical picture suggested that the price has topped out at about some way below the recent all-time high near I saw two consecutive hourly closes as a good
Meanwhile, any corrective decline now seems to find support near the $2,275 area ahead of the $2,255 level. This is followed by the weekly low, around the $2,227 region, which, if broken, might prompt some technical selling and drag the Gold price back toward the $2,220 psychological mark. The latter should act as a key pivotal point, and a convincing break below...
As a result, they expect that the Fed will start cutting rates in the second half of the year. Mester wants to see more data while Mary Daly estimated that the bank would deliver three cuts as it hinted in the last meeting. Michele Bowman and James Williams spoke on Tuesday but did not provide any details about rate cuts. Jerome Powell, the Fed Chair
Gold price turns red for the first time in six trading days ahead of US jobs data on Tuesday. US Dollar rebounds on pared June Fed rate cut bets after sold ISM Manufacturing PMI. Should Gold buyers regain upbeat momentum, a retest of the all-time high at $2,266 will be in the offing, followed by the $2,270 round number. The next on Gold buyers’ radars will be...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
Range trading continues in USD/JPY and intraday bias remains neutral. On the downside, break of 150.25 support should confirm short term topping, and turn bias back to the downside for 55 D EMA (now at 149.35). Nevertheless, sustained break of 151.92 key resistance will confirm long term up trend resumption. Next near term target will be 61.8% projection of 140.25...
Therefore, the BTC/USD pair will likely react to the upcoming statements by several Federal Reserve officials like Mary Daly, Loretta Mester, and John Williams. Jerome Powell, the Fed Chair, will have a speech on Wednesday. The other important BTC/USD news will be the upcoming Bitcoin halving event, which will happen later this month. Halving will reduce the block rewards
This was not a great call as the price rose strongly over the course of the day. However, the price quickly fell back to where it had been and has been consolidating below $1.2653 ever since. The picture looks bearish if the price remains below $1.2656 and looks likely to fall further – the price action look
EURGBP is neutral on its 1D technical outlook (RSI = 53.577, MACD = 0.001, ADX = 12.005) as it is ranges between the 1D MA50 (Support) and 1D MA200 (Resistance). Having made a Double Bottom on S1 on March 8th, with that level holding since August 23rd 2023, the current rebound is expected to extend to the LH trendline, essentially the top of the Descending...