🔖XAU/USD, H4🔖 27 March 2024
Gold prices saw a modest rebound, finding support near key resistance levels amid lacklustreeconomic data from the US. The Conference Board's consumer confidence index fell below expectations, signalling persistent concerns about economic activity. As volatility looms with major events and data releases on the horizon, gold's...
Seafarer Exploration’s SeaSearcher drone is set to take the treasure-hunting world by storm
The current SeaSearcher prototype, getting put to the test in Florida
As any frequent viewer of the Discovery Channel will know, the search for sunken treasure typically involves sifting through the sand, just hoping to unearth gold or silver. The SeaSearcher underwater...
🛢 CL OIL, H4 🛢 25 March 2024
Crude oil prices witnessed a slight retreat amidst optimism surrounding potential ceasefire
negotiations between Israel and Hamas. US Secretary of State Antony Blinken's remarks, indicating progress in talks held in Qatar aimed at reaching a ceasefire agreement for Gaza, tempered concerns over oil supply disruptions. This development,...
AUD/USD, H4 25 March 2024
The AUD/USD pair has seen a rebound from its recent lows, buoyed by interventions from the
Chinese government aimed at strengthening the Chinese Yuan in a bid to stabilise it amid recent
weakening. Consequently, the Australian dollar, often viewed as a proxy for the Chinese economy, benefited from the stronger Yuan, experiencing an...
EUR/USD, H4 25 March 2024
The EUR/USD pair is currently facing significant downward pressure, trading close to its key
psychological support level at around 1.0800. This pressure comes amid signs of easing inflation
within the Eurozone, prompting market speculation about a potential rate cut from the European Central Bank (ECB) in 2024, despite its current...
GBP/USD, H4 25 March 2024
The GBP/USD currency pair is exhibiting sustained bullish momentum, currently hovering near the 1.2600 level as the market anticipates further developments. Revisions in market expectations regarding a potential Federal Reserve rate cut in 2024 have emerged due to ongoing inflationary pressures in the U.S., contributing to the...
🔖XAU/USD, H4🔖 25 March 2024
Gold prices experienced a downturn as the robust US Dollar continued to dampen the appeal of
non-yielding assets such as gold. The resurgence of the Dollar, particularly following signals from
several major central banks, including the Swiss National Bank, hinting at potential rate cuts in 2024, weighed heavily on the precious metal...
💵 DOLLAR_INDX, H4 💵 25 March 2024
The Dollar Index continued its upward trajectory for a second consecutive week, bolstered by the robust performance of the US economy and heightened expectations of interest rate hikes. The potential yield disparity between the US Dollar and other major currencies remained a significant driver, underpinning the greenback's...
Hey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top ideas from our community, which includes a video tutorial on customizing TradingView charts, an informative post about Reddit, a hot script on price gaps, and all the latest headlines, earnings, and economic events.
We hope you find this week's edition...
The dollar is trying to recover in today's trading from the US Federal Reserve's strike
The US dollar achieved a modest rise during trading on Thursday, as the green currency attempted to recover from the losses incurred last session as a result of negative federal developments.
In this regard, the dollar incurred strong daily losses at the end of yesterday’s...
🛢 CL OIL, H4 🛢 22 March 2024
Crude oil prices faced downward pressure amid weaker US gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza, easing concerns of supply disruptions. Despite an unexpected decline in US crude inventories reported by the Energy Information Administration (EIA), gasoline product demand...
NZD/USD, H4 22 March 2024
The NZD/USD pair has displayed a double-top pattern, indicating a potential bearish trend. Despite favourable trade balance data released today, the New Zealand dollar has been overshadowed by a strengthened U.S. dollar. With a lack of bullish catalysts for the Kiwi at present, the pair faces challenges in reversing its trend.
The...
USD/JPY, H4 22 March 2024
Despite the Bank of Japan's historic decision to end its negative rate policy with its first hike in 17 years, the Japanese yen remained weak against the backdrop of a widening yield differential between Japan and the US. With the Federal Reserve maintaining its benchmark federal funds rate and better-than-expected US economic data...
GBP/USD, H4 22 March 2024
The GBP/USD pair encountered significant headwinds, marking its lowest levels since March. The Bank of England's (BoE) decision to maintain its interest rates aligned with market forecasts, yet market sentiment leans towards a dovish outlook from the British central bank. This tilt towards a more dovish stance has contributed to the...
🔖XAU/USD, H4🔖 22 March 2024
Gold prices dipped from record highs as the US Dollar and US Treasury yields rebounded sharply on the back of positive economic data releases and the Federal Reserve's optimistic forecast. Despite the Federal Reserve's upward revisions for the Gross Domestic Product (GDP) and the Core Personal Consumption Expenditure Price Index (PCE)...
💵 DOLLAR_INDX, H4 💵 22 March 2024
The Dollar Index, tracking the greenback against a basket of major currencies, rallied following the release of better-than-expected US economic data, bolstering confidence in the Federal Reserve's optimistic outlook. With US Initial Jobless Claims declining to 210,000, surpassing expectations, and Fed Chair Jerome Powell...
🛢 CL OIL, H4 🛢 20 March 2024
Crude oil prices extended gains, reaching multi-month highs for the second consecutive session,
driven by rising geopolitical tensions, notably recent attacks by Ukraine on Russian refineries.
Concerns over supply disruptions intensified as the attacks targeted a significant portion of Russian refining capacity, leading to the...
AUD/USD, H4 20 March 2024
The AUD/USD pair remains under pressure, approaching its lowest level in March. Following the
Reserve Bank of Australia's (RBA) interest rate decision, which met market expectations by
maintaining rates at 4.35%, the Australian dollar experienced further weakness. This was
exacerbated by comments from the RBA governor indicating that the...
