The European Commission initially wanted to ban the sale of used tankers to Russian entities or their use in Russia, as well as the sale of used tankers to entities that could use these tankers to circumvent ceilings. G7 oil prices, but this provision has been canceled. One of the sources said Mediterranean countries with powerful shipping lanes fear the measures...
OANDA:XAUUSD MARKET ANALYSIS AND COMMENTARY - WEEK 50 - 2023 (December 11 - December 15] This week, international gold prices soared to 2,144$ in the first session of the week, but then gradually decreased to 1,994$ and closed the week at 2.004$ International gold prices increased sharply earlier this week because the market expected the FED to cut interest...
OANDA:EURUSD caught a small lift against the Greenback (USD) in early Tuesday trading before reversing direction and heading back into bearish territory and is now probing into the OANDA:EURUSD pair's lowest prices in half a year. The broad US Dollar Index (DXY) is seeing a healthy bid across the markets, bolstered by a jump in US Treasury yields. German...
The Japanese Yen (JPY) edges lower against its American counterpart during the Asian session on Tuesday after data showed that consumer inflation in Tokyo – Japan's capital city – eased more than expected in November. In fact, Tokyo's core CPI, which excludes volatile items such as fresh food, was the closest to the Bank of Japan's (BoJ) 2% annual target since...
Gold edges lower to $2,030 during the early Asian session on Tuesday. Meanwhile, the US Dollar Index rose to 103.60 and the Treasury yields edge higher, with the 10-year yield recovering from 4.24% to 4.32%. OANDA:XAUUSD price is trading around $2,030, up 0.12% on the day. OANDA:XAUUSD price sharply fell, dropping more than a hundred dollars from all-time...
GOLD MARKET ANALYSIS AND COMMENTARY - WEEK 49 - 2023 (December 4 - December 8] This week, gold prices have continuously increased sharply after breaking the important resistance level at 2,010 USD/oz. Gold price at one point climbed to 2,075 USD/oz and closed the week at 2,072 USD/oz. Although the FED Chairman's statement is still heavily "hawkish", the gold price...
OANDA:AUDJPY records a decline for the fourth consecutive day, currently trading at 97.37, a slight drop of 0.05%. The Australian Bureau of Statistics reports a slowdown in inflation, with the Consumer Price Index (CPI) rising by 4.9% in October, less than the anticipated 5.2%. OANDA:AUDJPY traders eye Japanese Industrial Production, Retail Sales and Consumer...
With good GDP data last night, gold prices fell to 2036. However, expectations of an interest rate cut by the FED still led to gold not being able to break the bottom in the afternoon, causing gold prices to return to the upper zone. 4x and breaking the downtrend line. Regarding the direction of gold today, it can be seen that gold is still in its upward...
Many strong resistance zones have been encountered, promoting strong buy signals, and the upward momentum will attract investors back. Please set TP and SL to protect your account and win the market
OANDA:XAUUSD MARKET ANALYSIS AND COMMENTARY - WEEK 48 - 2023 This week, international gold prices opened at 1,977$, then decreased slightly to 1,964$, then continuously increased sharply beyond 2,000$ to 2,007$ and closed the week at 2,002$. The reason why international gold prices have continued to increase sharply this week is because the USD has...
The BoJ meets next week. Governor Ueda last week signalled no change in policy. The cross is technically stretched so a correction could be overdue. However, it is difficult to envisage a sustainable turnaround until the BoJ raises rates, abandons YCC or the SNB sells Swiss Franc. Neither of the three scenarios looks plausible in the near term. BoJ intervention...
The wars are no longer strong and the main thing is that oil prices will decrease again after a period of adjustment Regarding technical analysis, when measuring fibo oil will retest the 0.5 zone and will fall deeply
OANDA:XAUUSD rebounded, rising back above the 20-day Simple Moving Average (SMA) at $1,975. In order for the momentum to gain further strength, OANDA:XAUUSD needs to close above $1,975 on a daily basis. On the other hand, if there is consolidation and a daily close below $1,960, it would indicate a potential extension of the correction. Looking at the 4-hour...
OANDA:EURAUD The relative resilience of the Australian economy suggests scope for the AUD to outperform both the NZD and the EUR over the coming months, economists at Rabobank report. OANDA:GBPAUD We are therefore looking at a trend continuation play in the GBPAUD. The recent daily pull back is now showing some bullish price action in the form of a bullish...
OANDA:XAUUSD broke above the 20-day Simple Moving Average (SMA) at $1,974 and the $1,975 resistance area, rising to $1,987, the highest level since November 6. As long as the price remains above $1,974, the focus will be on the next strong resistance area seen at $1,992. A break above this area would likely see the yellow metal rise above $2,000. The 4-hour...
Short remains the strategy and constant weekly program until low 140.00's trade. The downside potential for OANDA:USDJPY is enormous. OANDA:USDJPY short, medium and long term trades massive massive overbought. The target at 140.00's is bare minimum. For the week, OANDA:USDJPY targets low 150.00's. If there is a good signal, I will update everyone soo n
OANDA:USDJPY Short remains the strategy and constant weekly program until low 140.00's trade. The downside potential for OANDA:USDJPY is enormous. OANDA:USDJPY short, medium and long term trades massive massive overbought. The target at 140.00's is bare minimum. For the week, OANDA:USDJPY targets low 150.00's. OANDA:EURJPY The OANDA:EURJPY ...
The daily chart for OANDA:XAUUSD shows the risk skews to the downside, as technical indicators aim marginally lower within negative levels. Still, the pair recovered above the 38.2% Fibonacci retracement of the daily advance between $1,810.41 and $2,009.34 at $1933.20, an immediate support level. At the same time, the intraday slide briefly pierced the 100 and...