📝 Weekly gold ◽️ Gold jumped more than 1 percent in its final days after last week's sharp decline, led by weaker U.S. jobs data, but remains under pressure from higher interest rates to continue its downtrend. ◽️ The number of jobs reported was close to market expectations and the market reaction to that data was neither good nor bad. But it had a same result...
The EURUSD currency pair only due to the Over-Bough of US dollar and the closing some of them in the higher-higher of DXY, and in another side as well as the words of the ECB regarding the increase of 75bp interest rate, will cause this currency pair to rise to higher rates, but still for the fundamental direction is BEARISH. As a result, we suggest selling from...
This currency pair has more room for decline. The general trend of this currency pair is downward. Britain is suffering from a family spending crisis that is weakening consumer power. Political uncertainty also has a negative impact on the pound. On the other hand, the Canadian dollar still enjoys the flexibility of the US economy and usually follows it.
📝 Weekly gold ◽️ After Powell's speech at the Jackson Hole meeting, sellers will have the upper hand because the Fed's hawkish policies will continue. ◽️ This week's NFP report has gained importance as speculation of the Fed's next rate hike increases. ◽️ This week's US NFP report is one of the final pieces of the September interest rate-setting puzzle for the...
📝 Weekly gold analysis ◽️ The rise of the dollar index last week was able to put pressure on gold and we saw the drop in gold prices last week ◽️ The previous meeting of the Federal Reserve did not clarify the tasks of the traders very much, so the traders are looking to the next meetings for their final decision to see signs of an interest rate increase or...
EUR is under value right now and need some retracement to the average. Technically, the EURCHF price is in very fair price to buy and is in strong support too.
EURUSD get some gain due the next ECB interest rate on Jul 21. but as you know, the divergence of EUR and USD interest rate and monetary policy is high and long-term movement for this pair is still short to equal price or even lower than equal price. So its good idea to wait and looking for low risk sell area on 1.017 and 1.0185 to the equal prices
Hello friend As you know, the USD currency bias is Bullish as the United States monetary policy is hawkish US hike the rate 0.75bp and is most hawkish bank right now. In other hand, The Canadian dollar, despite good economic data, has not performed well in Forex Also the possibility of lower oil prices puts pressure on CAD So we forecast bullish movement for...
The euro is under pressure The euro / US dollar has reached its lowest level since June 3, 2020, as traders assess the divergence between the eurozone and the US economy. The pair is trading at 1,150, which is about 3% lower than the highest level this year. US economy and the euro area Recent economic data show that the US economy is recovering faster than the...
The fundamental Bias of this pair is bearish. Most analysts and financial institutions predict a downtrend. The AUDUSD trend is bearish. In terms of CFTC data, there are more sell positions on this Retailers are also buying these assets, which gives our downtrend a better chance. Technically, the bullish channel is broken and with the pullback to the same...
GBP / USD trading offer likely to return to 1,600 The pound/dollar pair tried to return on Monday amid concerns about the Boris Johnson administration. The pair is also stable ahead of key British economic data scheduled for later this week. It is currently trading in the area of 1.36642, which is slightly higher than the lowest level last Friday. Key economic...
Basically, the demand for oil will increase after the risk of the market going off due to the risks and the corona crisis. As it was revealed in yesterday's calendar from the report of oil reserves for the United States, its consumption has been increasing sharply. There is an increase in demand for oil for global oil. But there is also an important issue to...
World gold rose sharply during trading on Tuesday to show signs of rising again. In the last two days, gold has jumped from its lowest price in the range of $ 1770, and of course we have seen a significant amount of resistance near the level of $ 1830. Looking at the moving averages, you can see that the 50-day and 200-day moving averages are at the $ 1,800...
On the other hand, given the good news on the US dollar, on the other hand, the bearish outlook for the EURUSD is currently neutral, which means that the probability of failure on both sides will fluctuate. Key support and resistance levels will be at 1.1280 and 1.1360, respectively. The Ziwox terminal trading offer in the daily trading mode is selling on price...
The downside flag on the EURUSD currency Given the divergence between the European Central Bank and the US Federal Reserve, the euro is likely to experience lower prices against the dollar. Despite the disappointing NFP figure, analysts believe that the Federal Reserve will continue to tighten market conditions this year. This will be achieved by ending...
HIGH RISK buy on BTCUSD around 40.5k-40k area The COT report show increment in Taking long on BTC -Link to COT data We think it's a good place to take risks and go to long this asset And surf with the elders SL: 36640 TP: 50000 Apply proper risk, 2-3 risk
The pair is likely to continue to climb, targeting buyers at the key resistance level at 1.3700, which is along with the 78.6% Fibonacci retracement level. Short-term trading opportunity Ascending scenario Buy and withdraw profits in the resistance area of 1,3700 And the loss limit at 1.3492 Descending scenario Set a sell-stop position at 1.3530 and place...
The EURUSD is now ascending a short-term trendline and is the near buy entry level of 1.1249 which is also 50% Fibonacci retracement and 78.6% Fibonacci projection. Price can potentially go to the take profit level of 1.13875 which is 50% Fibonacci retracement.