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Gold Analysis: Market Eyes On Fed & XAU/USD

Gold Analysis: Market Eyes On Fed & XAU/USD

Trading within narrow ranges for the price of gold since the beginning of this week is normal. Caution prevailed in the financial markets, and the US dollar continued to strengthen. According to gold trading platforms, gold retreated to the support level of $2147 per ounce before stabilizing around $2157 per ounce at the start of […]
USD/CAD Analysis: Sustained Higher Value With US Fed On The Schedule

USD/CAD Analysis: Sustained Higher Value With US Fed On The Schedule

The USD/CAD continued to prove resistance levels were weak on Tuesday as new highs were attained and values sustained within the upper price range. The USD/CAD touched a high of nearly 1.36135 yesterday in the wake of the interest rate hike from the Bank of Japan. While many technical traders may not make the connection, […]
QE By A Different Name Is Still QE

QE By A Different Name Is Still QE

The Fed added Quantitative Easing (QE) to its monetary policy toolbox in 2008. At the time, the financial system was imploding. Fed Chair Ben Bernanke bought $1.5 trillion U.S. Treasury and mortgage-backed securities to staunch a financial disaster. The drastic action was sold to the public as a one-time, emergency operation to stabilize the banking […]
BTC/USD Forex Signal: Volatility Continues But A Rebound Is Possible

BTC/USD Forex Signal: Volatility Continues But A Rebound Is Possible

BTC/USD sees high volatility, with potential rebound; bearish target at 60,000, bullish at 68,000. Influenced by profit-taking, Fed’s decision, and ETF inflows. Bullish view Buy the BTC/USD pair and set a take-profit at 68,000. Add a stop-loss at 62,000. Timeline: 1-2 days.  Bearish view Set a sell-stop at 63,500 and a take-profit at 60,000. Add a […]
Will The Fed Send Gold Soaring?

Will The Fed Send Gold Soaring?

Image Source: Pixabay  Gold serves as a renowned inflation hedge due to its intrinsic properties and historical performance during periods of rising prices.Gold operates as an inflation hedge as gold possesses an inherent value that transcends currencies and economic fluctuations. Its scarcity, durability, and desirability make it a sought-after asset, particularly during times of economic uncertainty […]
GBP/CHF Forex Signal: British Pound Finds Support Against Swiss Franc 
                    
 

GBP/CHF Forex Signal: British Pound Finds Support Against Swiss Franc  

Potential signal: I am a buyer of this pair, right here, right now. I have a stoploss at the 1.1150 level, and I am aiming for the 1.1490 level above. The British pound initially fell during the trading session on Tuesday against the Swiss franc, dropping below the crucial 1.1280 level. However, we have seen […]
Toppish Pattern Or A Rally In The Making For S&P 500?

Toppish Pattern Or A Rally In The Making For S&P 500?

Image source: Pixabay  Watch the video extracted from the WLGC session before the market open on 19 Mar 2024 below to find out the following: The key support S&P 500 needs to hold to grind up further The signs of exhaustion of the momentum The red flag as been showing up in the past few weeks. […]
Italian Industrial Production Sees A Soft Start To 2024

Italian Industrial Production Sees A Soft Start To 2024

Image Source: DepositPhotosBroad-based weakness across sectors shows that exiting the prolonged soft patch in manufacturing is proving difficult. Against a soft demand backdrop, the accelerated disinflation phase is not yet prompting any supply-side push.Italian manufacturing is not out of the doldrums just yet. This is what January industrial production data – the first bit of […]
US Market Commentary – Wednesday, March 20

US Market Commentary – Wednesday, March 20

Image Source: Pexels  Fed on DeckGlobal markets are bracing for the latest Fed monetary policy meeting today. While the FOMC is not expected to see the Fed altering its course, traders will be scouring the details of the meeting, as well as the post meeting press conference, for clues as to how the Fe is likely […]
Ethereum Price Drops To $3059: What To Expect Next?

Ethereum Price Drops To $3059: What To Expect Next?

Ethereum chart analysisThe price of Ethereum is getting closer to the $3000 level, and this is proven by this morning’s drop to the $3059 level. Over the weekend, on Saturday, the price only managed to recover to the $3700 level, where it met resistance. We pulled back from there, and on Sunday, we fell to a […]