In the current scenario, a rise to the 20,839.55 level presents an opportunity to continue the downtrend, targeting the 20,227.50 level in the short to medium term.
The bearish scenario will be invalidated if the price rises above 21,077.98 and closes a daily candlestick above this level.
Note:
Markets are awaiting the U.S. employment data today, with...
Fundamental View
Earlier on Wednesday, during a news conference, BOJ Deputy Governor Shinichi Uchida stated that the central bank has no immediate plans to sell its large holdings of exchange-traded funds (ETFs). He also reaffirmed that the BOJ’s monetary policy is not intended to manipulate currency rates. He however declined to comment on U.S. President Donald...
The annual inflation rate in the Euro Area slowed to 2.4% in February 2025, down from 2.5% in January, which was a six-month high. However, it remained slightly above market expectations of 2.3%, according to a preliminary estimate. Meanwhile, core inflation, which excludes food and energy prices, also declined to 2.6%, slightly surpassing forecasts of 2.5% but...
After NVIDIA's positive earnings were released yesterday, today's focus shifts to the U.S. GDP data on a quarterly basis. Expectations suggest a steady growth rate of 2.3%. If the U.S. growth exceeds this rate, it could lead to a rise in the U.S. dollar and potentially negatively impact American indices like NASDAQ, due to the likelihood of maintaining higher...
The rise of the euro and German stocks reflects the market's response to Friedrich Merz's victory in the German legislative elections held on Sunday, February 23, 2025. This victory seems to herald a political shift towards increased government spending, bringing hope for boosting the struggling German economy. The euro experienced a notable recovery against the...
TECHNICAL VIEW:
From technical standpoint, USDCHF is currently resisted around 0.9055 with investors currently waiting for the next catalyst to drive prices. On the economic calendar, the FOMC meeting would be on the wire later today by 11pm, with fresh insight into Fed’s policy stance. A hawkish tone would likely strengthen the USD and if that be the case,...
The Australian dollar has recently performed positively against the U.S. dollar, despite the U.S. dollar losing around 1.45% in the past few days. This decline came even after positive inflation data, as the annual Consumer Price Index (CPI) in the U.S. rose to 3.0%, marking its highest reading in seven months.
Today's daily close for AUD/USD will determine the...
• Implication of a stronger U.S. inflation data
• Technical view
The yellow metal rose in Asian trade on Thursday, after Wednesday’s retracement. Meanwhile, the record high created on Tuesday remains in sight, as optimism surrounding geopolitical tensions, market dynamics and amongst others ignited a risk on sentiment across board.
Fed Chair Powell’s...
On the 4-hour timeframe, the pair is trending downward after breaking the neckline near 2.19432. This level, which has since turned into a resistance zone, was recently retested.
Despite the last bullish candle closing strongly, signaling potential upside strength, sellers may still regain control, driving the price down toward 2.18404, with a further drop...
This week's trading had a significant impact on the Dow Jones Index and its recent upward trend. After US President Donald Trump threatened to impose tariffs on both Canada and Mexico over the weekend, US indices, including the Dow Jones, declined. The Dow reversed its upward trend and recorded a new low, just below 44,579.
Traders should monitor the current...
In the midst of escalating trade uncertainties, gold maintained its position as the ultimate safe haven asset. The ongoing trade tensions between the U.S., China, Mexico, and Canada fueled heightened market volatility. As a result, gold prices surge to a record high of $2,830.55, on Monday the 3rd of February 2025. This reflected investors' flight to safety amid...
Recently, the Australian dollar declined against the U.S. dollar to 0.6311, marking its lowest level since March 2020.
One of the main reasons behind this decline was the strength of the U.S. dollar, which has lost its upward momentum recently, increasing the chances of a rebound in the AUD/USD pair.
The recent positive rebound of the AUD/USD pair has broken the...
On Monday, January 27, reports showed China’s manufacturing activity contracted for the first time in four months, with the PMI dropping to 49.1 from 50.1 in December. The decline was attributed to the Lunar New Year holidays, as factory production slowed due to worker absences.
Given China's role as Australia's largest trading partner, particularly for...
Following stronger-than-expected EUR PMI results, EUR/USD surges this Friday, posting over 2.30% weekly gain to trade around 1.0515, though it is facing resistance near 1.0525. This recovery follows Monday's Jan. 13th low of 1.0177, the lowest price level since November 21, 2022.
The dollar showed notable weakness in the cause of the week, with the dollar index...
Markets are eagerly awaiting Friday, January 24, 2025, as highly significant economic indicators and news are expected to have a strong impact on the EUR/JPY pair and its medium-term direction. What are these data and news, and how might they affect the markets?
Key Developments in the Eurozone:
In addition to ECB President Christine Lagarde's speech, the...
As markets adjust to the new U.S. administration, “a dawn of a new era," DXY recovers after Trump’s inauguration. After experiencing a decline of over 1%, the index found support around 107.56 and is now trading at 108.40 as of 3:43 PM GMT+4 (Dubai time), marking a 0.61% increase.
From a fundamental standpoint, President Trump's second administration is...
POTENTIAL IMPACT OF THE FED'S TWO TIMES RATE CUTS ON BTC IN 2025
With the Fed now projecting two rate cuts in 2025, down from the previously expected four, markets may interpret this shift with various implications for riskier assets like Bitcoin (BTC). Lower interest rates typically increase market liquidity by making borrowing cheaper, potentially driving more...
How will inflation data impact gold price movements?
All eyes are on gold prices during today's trading, as significant volatility is expected with the release of U.S. inflation data. This is due to the negative correlation typically seen between the U.S. dollar and gold. However, it's important to note that this negative correlation is not always sustained. At...
