Those who thought that the fall of the U.S. dollar in 2023 would be like a one-way street have deeply miscalculated. At the beginning of the year, the U.S. currency showed all detractors its capability. The EURUSD pair collapsed to 1.0515 amid slowing inflation in Germany and France. Only expectations of a split in the […]

A quiet week lies ahead for FX markets as the year draws to a close. The spotlight will fall on the Bank of Japan’s summary of opinions, which will add some color around the recent decision to raise the yield ceiling that propelled the yen higher. More broadly, liquidity will be in short supply, making […]

The central bank torch will pass to the Bank of Japan next week. Even though the consensus is for no policy changes, the prospects for the yen have started to improve heading into a potentially stormy year. 0:00 Intro 0:17 Bank of Japan 2:10 Yen 3:27 US Data 4:16 Federal Reserve 4:51 US Dollar For […]

A turbulent year is fast drawing to a close and the most crucial week for central banks is upon us. The Federal Reserve will be headlining the last rate-setting decisions of 2022 that will also cover those of the European Central Bank, Bank of England and Swiss National Bank. But it’s not just central bank […]

A central bank extravaganza lies ahead in the first half of December. The ball will get rolling with the Reserve Bank of Australia and the Bank of Canada next week, both of which are expected to raise interest rates again, albeit at a slower pace. Meanwhile in America, business surveys and producer prices will shape […]

After the Thanksgiving downtime that generated some further weakness for the greenback, investors will be looking for fresh direction from the barrage of US economic data that will be dominating the agenda in the coming week. The latest payrolls report will be the main attraction along with PCE inflation readings. CPI data out of the […]

Another busy week is coming up for FX markets, featuring the minutes of the latest FOMC meeting and a rate decision in New Zealand that investors are undecided on. Most importantly, business surveys from the major economies will reveal whether US inflationary pressures continue to cool off and whether Europe is already in recession. 0:00 […]

The chaos following last week’s FTX scandal has seen investors withdraw more than $3 billion worth of BTC from exchanges. Approximately 190,000 bitcoins have been withdrawn from exchanges in the seven days since news of the FTX liquidity crisis broke, according to Coinglass data. That’s roughly $3 billion at the current price of bitcoin. As […]

Judging by the weekly chart, the dollar is far from doing so well. It is extremely difficult to convince yourself that this does not mean the end of the rally. Even the pound may find it easier to hold on in the face of fiscal tightening and still rising inflation. Is it so? The dollar […]

On Tuesday, the leading stock indicators of Western Europe showed growth amid fresh statistical data on the euro area. Thus, at the time of writing, the composite index of the leading European companies STOXX Europe 600 increased by 0.12% to 433.4 points. The French CAC 40 rose 0.35%, the British FTSE 100 gained 0.11% and […]

The price of Gold is trading at 1,771 at the time of writing. As you already know, XAU/USD rallied as the Dollar Index was in a corrective phase. Now, the price action signaled exhausted buyers. Still, a downside movement needs strong confirmation as the bias remains bullish in the short term. Fundamentally, the yellow metal […]

Blue line- support Gold remains in a short-term bullish trend making higher highs and higher lows. We have the first bearish RSI divergence in the 4 hour chart, showing us the first sign of slowing down. This is not a reversal signal. Current market conditions justify a pull back. As long as price holds above […]

Technical outlook: Gold prices rose through a fresh intraday high at $1,784-85 on Tuesday before pulling back. The yellow metal is seen to be trading close to $1,775 at this point in writing as the bears remain inclined to drag prices lower towards $1,747 at least. Please be aware that prices could test $1,807 to […]

A fundamental shift brings gold prices closer to $1,800. Gold’s new bullish momentum is more than just a technical market overpricing. The biggest factor supporting gold’s new upward trend is the change in investor expectations for the Federal Reserve’s monetary policy. Although the Fed will continue to raise interest rates in early 2023, the pace […]

Technical analysis: Gold has been trading upside as I expected. The price is heading towards first upside objective and I see no signs for the reversal. Trading recommendation: Due to the strong upside pressure in the background and breakout of the multi week range, I see potential for further growth. Watch for the potential buying […]

At the close of the New York Stock Exchange, the Dow Jones fell 0.63%, the S&P 500 fell 0.89%, and the NASDAQ Composite index fell 1.12%. Merck & Company Inc was the top gainer among the components of the Dow Jones index today, up 2.39 points or 2.44% to close at 100.35. Quotes of Johnson […]

Review : Pivot : 1.1547. The GBP/USD pair is trading sharply higher against the U.S. Dollar at the mid-session on the heels of the last month jobs report that missed expectations. The single currency soared, and the greenback weakened after the U.S. Labor Department said non-farm payrolls rose by 1.1200 last month, well short of […]

Early in the American session, Gold (XAU/USD) is trading at around 1,755, above strong support at 8/8 Murray and below Friday’s high of 1,772.46. We can see that gold has left a bearish GAP at about 1,770. It is likely that it will develop a strong technical bounce around 1,750 in the next few hours. […]

Red lines- bullish channel Gold price is in a short-term bullish trend. Price has started making higher highs and higher lows after the triple bottom around $1,615-20. Price has formed a bullish channel. Over the next few hours or until tomorrow we expect Gold price to pull back towards $1,740 as the current conditions justify […]

Technical outlook: Gold prices rallied through the $1,772 highs on Friday before hitting resistance. The yellow metal has pulled off the highs and is seen to be trading close to $1,755 at this point in writing as the bears prepare to drag further.Immediate resistance is seen at $1,810 and a push higher will open the […]

Technical analysis: Gold has been trading downside this morning but I see potential for the further upside continuation. Key support is set at the price of $1.743. Trading recommendation: Due to the strong upside pressure in the background and the breakout of the monthly range, I see potential for further growth. Watch for the potential […]

Gold has finally broken nicely above resistance at 1,735 confirming that wave C of 4 has been completed and wave 5 towards at least 2,400 is in progress. We will be looking for a rally towards resistance in the 1,799 – 1,809 area from where we could see a temporary correction back to retest the […]

Review : First day of week: The EUR/USD pair’s rise from the price of 0.9912 resumes today and accelerates to as high as 1.0030 so far. Immediate concentrate is now on 1.0046 resistance, which is close to 100-day EMA (now at 1 USD). Decisive break there argue that such rally is at least correcting the […]

The price of gold is trading in the red at 1,760 at the time of writing. After its strong rally, a temporary retreat could be natural. Still, a downside movement needs strong confirmation as the bias remains bullish. As you already know, XAU/USD rallied after the US reported lower inflation. Fundamentally, the UK data came […]

Gold’s weekly chart is promising despite trading below the weekly Kumo. On a daily basis we have a strong bullish signal as price is breaking above the Daily Kumo (cloud). In the weekly chart we see Gold price pushing above the kijun-sen (yellow line indicator). The tenkan-sen (red line indicator) is also turning upwards and […]