π§ Gold Potential For Growth π§ Gold started this week with declines under the support zone determined by the 0.5 fibonacci level of the upward wave from the bottom. π§ The price of gold fell after last week's Fed meeting in which Powell maintained his hawkish stance on monetary policy. π§ This is a temporary reaction as it did not change long-term market sentiment...
π· GBP/USD Big Opportunity for Growth π· GBP/USD hasn't had a good run in recent weeks π· This could all change in the coming weeks on the back of an improving economic situation in the UK. π· There is still one more interest rate hike to come in the British Isles. π· Which will certainly be a significant factor for the price to strengthen. π· So will falling...
πΆ EUR/USD Plan πΆ πΆ EUR/USD rose exactly as I wrote in the last post. πΆ All due to the valuation of the future better economic situation in the Eurozone and the stopping of interest rate hikes in the US. πΆ EUR/USD found its low near 1.063 after which investors started buying the euro. πΆ The solid economic situation in the Eurozone and the avoidance of a...
π§ Gold continues to climb higher π§ π§ The price of gold is behaving exactly as I predicted, climbing higher by the day. π§ All due to the valuation of upcoming interest rate cuts on the US dollar and the persistence of inflation, which may be lifted by oil increases. π§ So far it maintains its upward scenario, and I expect the upward movement to continue in the...
π§ Gold Continues to Rise π§ The price of gold has rocketed upward, exactly as I expected and informed you in the last post. π§ So far, the resistance zone set by the cluster of 2 fibonacci levels at the level of $1930 has stopped the price rise. π§ I still believe that there is a chance for growth ahead of us in the perpetuation of the weakening of the U.S. dollar...
π΅ USD/JPY Attention Retreat π΅ USD/JPY attacked the 147.9 price level for the third time on Friday π΅ You can see that the market is struggling to break through this level π΅ Adding to the fact that Investors from around the world have begun to prepare for the upcoming interest rate cuts in the US and rising inflation. Which will contribute to the decline in the...
πΆ EUR/USD End of Declines? πΆ EUR/USD on September 7 stalled near 1.068, not allowing it to overcome this level on Friday. πΆ Everything changed after a change in investor sentiment about the US Dollar. πΆ Most have already started to prepare for the upcoming interest rate cuts, looking at the fact that the economy is doing well and inflation has already fallen...
π§ Plans for gold. π§ Gold closed near $1919 in recent weeks after attempting to attack the resistance zone determined by two Fibo levels. π§ We again found ourselves at the 0.5 degression of the entire upward wave. π§ The long-term scenario of gold strengthening due to upcoming US interest rate cuts and rising inflation remains valid. π§ I expect the increases to...
πΆ EUR/USD Indecision πΆ EUR/USD on the last day was looking for an idea of itself πΆ The increase in oil prices on the world markets due to OPEC production cuts supports the growth of the dollar, as the market assumes an increase in inflation, which increases the prospect of further interest rate increases. πΆ So far, I continue my downward sentiment and believe...
π§ Gold Where Are These Increases? π§ As you can see, gold during today's session landed near $1916 π§ All due to the Reserve Bank of Australia's decision not to raise interest rates from 4.1% for the 3rd consecutive time on Tuesday. π§ Also contributing its share was data from the United States "ISM Services PMI" which came in better than expected π§ The downward...
π· GBP/USD Scores Correction π· GBP/USD dropped and all thanks to a strong session for the U.S. dollar which caused the price to slide to levels of 1.252 π· It is also worth mentioning that the rise in global oil prices due to OPEC production cuts, supports the dollar's rise, as the market assumes an increase in inflation, raising the prospect of further interest...
πΆ EUR/USD Declines as planned πΆ EUR/USD Declined exactly as I predicted all due to the fundamental situation which looks worse in the Eurozone than in the United States πΆ It is also worth mentioning that the increase in oil prices on the world markets due to OPEC production cuts supports the growth of the dollar, as the market assumes an increase in inflation,...
π§ Gold Landing on Support Zone π§ As you can see gold during today's session landed around $1926 π§ All due to the decision of the Reserve Bank Of Australia which for the 3rd time in a row did not raise interest rates from the 4.1% level π§ The downward price movement was not justified because most investors knew that the Reserve Bank Of Australia was no longer...
π§ Gold, Defense of the Growth Channel? π§ Friday brought a cooling of the positive sentiment on gold following the US unemployment data. π§ After Friday's U.S. unemployment data, we saw that unemployment rose by 0.3% to 3.8%, while the market expected unemployment to remain at the current level of 3.5%. π§ This caused the dollar to react sharply towards...
πΆ EUR/USD Time For Declines. πΆ As you can see from the EUR/USD chart, on Friday it scored a solid downward wave already started on Thursday. πΆ After Friday's US unemployment rate data, we saw that unemployment rose by 0.3% to 3.8%, while the market expected unemployment to remain at the current level of 3.5%. πΆ This caused the dollar to react sharply towards...
π· GBP/USD Opportunity for the Pound? π· As can be seen, the GBP/USD pair has shown considerable indecision in recent days. π· Following Friday's US Unemployment Rate data, we saw that unemployment rose by 0.3% to 3.8% with the market expecting unemployment to remain at the current level of 3.5%. π· This caused the dollar to react sharply towards appreciation. π·...
π΅ USD/JPY Continuation Of Increases? π΅ As you can see from the USD/JPY chart, on Friday it scored a solid upward wave. π΅ After Friday's U.S. unemployment rate data, we saw that unemployment rose by 0.3% to 3.8%, while the market expected unemployment to remain at the current level of 3.5%. π΅ This caused the dollar to react sharply towards appreciation. π΅ So...
π§ Gold a chance to continue increases π§ Friday brought a cooling of the positive sentiment on gold following the US unemployment data. π§ After Friday's U.S. unemployment data, we saw that unemployment rose by 0.3% to 3.8%, while the market expected unemployment to remain at the current level of 3.5%. π§ This caused the dollar to react sharply towards...