Banks are affected by falling crude oil prices and rising government bond yields as investors await upcoming economic data this week. Looking ahead, the market will receive the US inflation report on Thursday. This will be an important data point to determine the outlook for Fed interest rates in the near future.
Investors are cautious ahead of inflation reports During the January 8 session, world gold prices were still unable to create buying pressure as investors were cautious before the US inflation report on Thursday and worried about the Fed's uncertainty about the timing of interest rate cuts. . In case the upcoming US CPI figures are higher than expected, precious...
EURJPY price has an opportunity to test the resistance zone. 160.433-160.647 If the price cannot break through the 160.647 level, it is expected that in the short term there is a chance that the price will decrease. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
USD/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down followed by a tight flag and then I'll filter the latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry...
Positive data from the ADP report and initial unemployment claims caused the market to lower interest rate valuations, pushing gold prices down. On January 4, strong employment data from the US economy caused the market to lower the price of the Fed's interest rate cuts this year, pushing up the USD and causing gold to slide. However, with geopolitical tensions in...
During the January 8 session, crude oil prices dropped sharply and US government bond yields increased, causing difficulties for world gold prices. However, in the long term, gold has many grounds for a strong increase in price when the market believes that the Fed will almost certainly cut interest rates this year. ISM's latest PMI report showed that the labor...
NAS100 price is in the important resistance zone 16731-16935. If the price cannot break through the 16935.2 level, it is expected that there is a chance that the price will decrease. Consider selling in the red zone. >>Thank you and GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
CHFJPY price is in the important resistance zone. 169.81-170.42 If the price cannot break through the 170.42 level, it is expected that there is a chance that the price will reverse to the downside. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
CHFJPY is technically bullish on its 1D timeframe (RSI = 60.353, MACD = 0.670, ADX = 36.092) but the picture is more efficiently depicted on the 1W chart where it has already completed three straight green weeks. The 1W RSI points to a multimonth rally comparable to those that started in May 2022 and March 2023. Both peaked at a little over +18.00%. This time...
EUR USD has formed the Head and Shoulders Pattern on the 4hr timeframe We are looking to go short from the second shoulder which acts as a strong resistance level. What do you see on EUR USD ?
CHF/JPY Short • If price impulses down below our most recent low, then I'll be waiting for a subsequent three touch tight flag to form and then I'll filter it on the fifteen minute chart and be looking to get short with a risk entry within it if the flag is structured. • If my entry requirements are not met then I will simply wait until another setup which meets...
AUDJPY is neutral on its 1D technical outlook (RSI = 51.262, MACD = -0.010, ADX = 30.583) as it has been trading around its 1D MA50 for the last three weeks. We are currently on the bullish wave after the Channel Up made a HL on the 1D MA200, which is the long term Support (since June 2nd 2023). We are going long on today's pullback and target the R1 level (TP =...
Hello Everyone, Welcome to FXMYWORLD. Let's see how this pair will perform based on the analysis. Make sure you do your research and based on your confluence please look for the entry. Don't rush your trades without any confirmation. Thanks in advance for checking my trade idea.
CHF/JPY Short • If price impulses down below the base of our most recent ending structure, then I'll be waiting for a subsequent tight flag to form and then I'll filter it latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I...
GBPCAD price is near the support zone 1.67903 if this support continues to work well. It is expected that in the short term there is a chance that prices will rebound. Consider buying a red zone. >>Thank you and GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
After a four-day consecutive correction from the high point of $2,088 on December 28th, gold prices saw a slight increase on Thursday, reaching above $2,050. This indicates that the correction signal for a larger uptrend still receives some support, as technical studies in the daily chart remain in the main bullish trend. Gold continues to benefit from the...
The EUR/USD, which is like the tag team of the Euro and the US dollar, didn't really do much when the December Fed minutes came out. It kind of shrugged and kept going down, hitting 1.0895, the lowest it's been since December 19th. That's like the slide at the park—it just kept going down. Traders seemed all about taking risks, and that made the EUR/USD pair keep...
GBP JPY has formed a falling wedge pattern on the 4hr timeframe The market has broken out of the pattern we are now waiting for the retest of the broken LH level for BUY entries.