carefulLion07pab

carefulLion07pab Updated 

Gold prices at the beginning of the trading session on March 25 (US time) increased again after a deep decline last week, slightly weakening the USD. However, according to analysts, in reality, the strength of the USD is at a high level, causing gold to suffer a lot of downward pressure, posing many risks. Specifically, senior market analyst Lukman Otunuga of...

carefulLion07pab Updated 

Gold prices at the beginning of the trading session on March 26 (US time) increased again after a deep decline last week, due to the slight weakening of the USD. However, according to analysts, in reality, the strength of the USD is at a high level, causing gold to be under a lot of downward pressure, posing many risks. Specifically, senior market analyst Lukman...

carefulLion07pab Updated 

World gold prices have just experienced their first week of decline after 4 consecutive weeks of price increases. For the whole week, this precious metal price decreased by 0.8%. Last week, the US Consumer Price Index (CPI) report was hotter than expected, weak retail sales and rising PPI had a negative impact on precious metals. Recent economic data shows that...

carefulLion07pab Updated 

A data-based Federal Reserve is in all likelihood to beat back the timing of its first hobby fee reduce after Tuesday`s launch of the February Consumer Price Index (CPI) found out that center inflation improved for a 2nd consecutive month. Headline inflation rose 0.4% ultimate month, the Bureau of Labor Statistics stated Tuesday. Although that matched economists'...

carefulLion07pab Updated 

It’s a wild ride in the world of currency! Recent news about UK inflation is turning heads. The British Retail Consortium (BRC) shared that retail prices climbed by 4.3% in the year leading to December. But wait, there's more! Food prices’ inflation slowed down to 6.7% from 7.8% the previous month. MUFG, the wizards of financial insight, pointed out that this data...

carefulLion07pab Updated 

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...

carefulLion07pab Updated 

Gold is poised to mark its first weekly decline in a month on Friday, as the U.S. dollar gains support from fading expectations of an early interest rate cut. Investors are eagerly awaiting a key employment report later in the day to glean further insights into the future of interest rates. The dollar index is on track to register its best weekly performance since...

carefulLion07pab Updated 

Ah, the glittering world of gold! It's like a treasure hunt in a maze filled with news and whispers. Picture this: a Thursday morning where the gold market is as quiet as a library, all due to that sneaky non-farm payroll announcement peeking around the corner on Friday. It’s like everyone's holding their breath, waiting for that big news to drop, hoping it won't...

carefulLion07pab Updated 

Spot Spot Gold's advance from its mid-December $1,974 per troy ounce low has briefly exceeded the 2020, 2022 and May 2023 highs at $2,070 to $2,082 by rising to $2,088 on Thursday before giving back some of its recent gains and slipping to $2,059 on Friday. Earlier today the precious metal resumed its ascent on increasing geopolitical tensions in the Res Sea and...

carefulLion07pab Updated 

The $2,050 level stands out as a pivotal point, having demonstrated substantial resistance across multiple instances. This price threshold demands vigilant observation from market participants due to its historical significance. While the market seems to be inching closer to this critical level, it's essential to recognize a notable trend: the market tends to...

carefulLion07pab Updated 

The Euro's dance with the US dollar last Thursday painted a curious picture - a spirited attempt to soar, only to stumble in the face of market fatigue, as if gravity suddenly remembered its role in the financial theatrics. This weariness isn't a solo act; it has accomplices. The Euro's recent surge stretched its limits, much like a rubber band pulled too far. And...

carefulLion07pab Updated 

Let's talk about the pound and the dollar - they had quite a week! The pound was like a kid on a seesaw, going up and down against the dollar. Sometimes it looked like it was winning, but by the end of the week, it didn't close at the top. There was a holiday break for the markets on December 25, but the GBP/USD pair didn't rest much. There was some action because...

carefulLion07pab

Gold prices did not fluctuate much last Friday, basically oscillating around 2065, with an amplitude of $16, and finally closed with a Doji Star with long upper and lower shadows. It was a continuous trend from last Thursday. Recently, with the lack of crucial data and speeches, gold prices' volatility has fallen. The Red Sea situation continued to heat up last...

carefulLion07pab

The GBPUSD has been forming an upward structure with higher highs after breaking above a key downtrend line in early November. Although the GBPUSD's uptrend came to a temporary halt at the four-month high level of 1.2826, the completion of the golden cross between the 50- and 200-day SMAs is expected to provide upside momentum. However, during the European session...

carefulLion07pab

As all investors anticipate for the upcoming Non Farm Payroll on Friday, the Dollar gains its strength on the 2nd day of 2024. Trading at 102.10, the US Dollar experienced a significant increase, indicating a noteworthy uptrend in the index. This upward shift can be attributed to market anticipation for guidance and investors turning to the USD as a safe haven in...

carefulLion07pab

Gold prices did not fluctuate much last Friday, basically oscillating around 2065, with an amplitude of $16, and finally closed with a Doji Star with long upper and lower shadows. It was a continuous trend from last Thursday. Recently, with the lack of crucial data and speeches, gold prices' volatility has fallen. The Red Sea situation continued to heat up last...

carefulLion07pab

There were moderate movements during yesterday's Asian session and gold fluctuated slightly up from $2067. During the US trading session, gold quickly increased in price along with the depreciation of the USD and surpassed the resistance zone, once reaching 2084 USD. Finally, gold closed the daily chart on a positive note to post its fifth consecutive gain,...

carefulLion07pab

Supported by positive market sentiment, GBPUSD rose above 1.2800 on Thursday and settled at the 61.8% Fibonacci retracement level at 1.2740 (from July 14 high of 1.3142). to an October 4 low of 1.2037). The rising 20-day exponential moving average (EMA) is placed at 1.2670, projecting continued upside support for the British pound. The relative strength index...