Gold Price Analysis: Successful Breakdown Of Upward Trend
For the third consecutive day, gold prices have been declining, with losses extending to the support level of $2590 per ounce, the lowest price in a month and a half, before stabilizing around $2600 per ounce at the time of writing this analysis. Weak investor sentiment due to the rush to buy safe havens, along […]
US Dollar Tries To Post Fourth Day Of Gains Ahead Of US CPI Release
The US Dollar trades in positive territory for a fourth consecutive trading day on Wednesday. Traders brace for US CPI data for October, with an uptick in inflation expected. The US Dollar index trades above 106.00, nearing a fresh six-month high. The US Dollar (USD) tires to continue its uprising on Wednesday, signaling it still has fuel […]
The Data On Wages In Australia Haven’t Met Expectations
Image source: Pixabay At the end of Tuesday, the Dow Jones Index (US30) fell by 0.29%. The S&P 500 Index (US500) was down 0.29%. The Nasdaq Technology Index (US100) closed negative 0.17%. Higher bond yields on Tuesday contributed to some profit-taking in equities after five consecutive sessions of gains. In addition, the liquidation of long positions […]
Spotlight On US CPI Inflation Report
Image source: Pixabay Investors and traders are focused on the US CPI inflation report for the month of October which is due to be released later in the day.With the US dollar gaining ground after the presidential elections and the probability of a rate reduction in December lowered to 62%, economists will scrutinise the report in […]
EUR/USD Forex Signal: Death Cross Points To Sustained Sell-Off
Bearish View Sell the EUR/USD pair and set a take-profit at 1.0400. Add a stop-loss at 1.0760. Timeline: 1-2 days. Bullish View Buy the EUR/USD pair and set a take-profit at 1.0760. Add a stop-loss at 1.0400. The EUR/USD exchange rate continued its strong sell-off as the US dollar index surge gained momentum. It crashed […]
Dollar Bulls Catch Breath
Image Source: Pexels Overview: Surging US yields helped send the dollar higher but wobbled the stock market yesterday. A fragile consolidative tone has emerged today for the foreign currencies. The greenback remains mostly within yesterday’s ranges. All but a few emerging market currencies are trading with a firmer bias. Beijing’s weaker dollar fix may have been the […]
EUR/CHF Forecast: Consolidating Against Franc
The Euro is fairly close to the bottom of an overall consolidation area that we have been in for a while. At this point, we need to pay close attention to whether or not we can break down below that support level in the form of the 0.93 level. If we do, that could be […]
Election Pattern Alert: How Volatility And Demand Spikes Point To A Bullish 2025
Watch the video above from the WLGC session before the market opens on 12 Nov 2024 to find out the following: Is now a good time to enter the market, or should investors wait for a pullback and consolidation period? What are the bullish indicators suggesting a potential rally in 2025, and how do they compare to […]
Daily Market Outlook – Wednesday, Nov. 13
Image Source: Pixabay A steep uptick in U.S. bond yields alarmed investors ahead of important inflation data that may affect the rate of Federal Reserve policy easing, which caused Asian equities to fall on Wednesday. As the market reopened following the Veterans Day holiday, short-term Treasury rates surged overnight to their highest level since late July, […]
USD/JPY At A Three-Month Peak: No One Opposes The US Dollar
Image Source: Pixabay The USD/JPY currency pair has climbed to a three-month high of 154.87, driven by the strengthening US dollar following Donald Trump’s election victory. Markets anticipate that Trump’s protectionist policies, which are expected to bolster the US economy, might also fuel inflation, prompting the Federal Reserve to maintain higher interest rates than previously anticipated.In […]
