Get started

Forexpower

xauusd h4 candle seeing above 2194 read the caption Meanwhile, the markets are still pricing in the possibility that the Fed will begin its rate-cutting cycle as early as June. This, along with ongoing geopolitical tensions, could offer some support to the safe-haven Gold price and help limit losses. Traders might also refrain from placing aggressive directional bets ahead of the crucial two-day FOMC policy meeting starting this Tuesday. Investors will look for cues about the Fed's rate-cut path
OANDA:XAUUSDLong
by Mrsam36
Xauusd will rip the buyers read the caption All up, these numbers probably won’t shift the dial on interest-rate expectations, with the first reduction now thought likely to be in June. However, they do underline that the inflation threat remains visible and that near-term rate reductions of any kind can’t be seen as certain yet. Some expected early rate cuts at the start of this year. Now the second half of 2024 seems like the earliest possible date. Yielding nothing, gold might be expected to do better when investors see lower rates and lower yields ahead,
OANDA:XAUUSDShort
by Mrsam36
Bitcoin poised again hit to 74k on this time buyers can make B$price revisited the $64,800 level, dipping below $65,000, for the first time since March 6, on Binance. BTC’s price correction was a significant one as it liquidated several long and short positions in derivatives markets.  While $125 million in long positions were liquidated, $27.68 million in shorts were crushed by the asset’s recovery, according to CoinGlass data. While Bitcoin price corrected to the $66,000 level last week, meme coins likely gained from capital rotation
BITSTAMP:BTCUSDLong
by Mrsam36
Silver look like a snake it will hunt the target hunt is supportAs the gold market is expected to consolidate around its recent record highs, investors are finding value in other areas of the precious metals market as it could be silver’s turn to run, according to some analysts. While relatively calm; however, there are some signs investors are finally paying attention to the market as the gold/silver ratio looks to end the week at its lowest point so far this year. The ratio is currently trading around 85.50 points., down sharply from the 89 points seen at the start of the week. It now takes 85.50 ounces of silver to equal the value of one ounce of gold. The ratio historically trades between 50 to 60 points. The drop in the ratio comes as silver prices end the week near a three-month high above $25 an ounces
OANDA:XAGUSDLong
by Mrsam36
Dollar back to fall now it's going to big down read the caption In contrast, the well-known hawk Klaas Knot mentioned June as the most likely meeting with another two cuts favoured in September and December but also opened the door to cuts before June if the data justifies the need for one. Closer to the center of the spectrum, Villeroy and Wunsch communicated a cautious approach ought to be adopted and the governing council needs to be vigilant on inflation but ‘victory is within sight’ - Villeroy.
TVC:DXYShort
by Mrsam36
1
Usdcad ready to fly buying level read the caption The USD/CAD pair builds on the previous day's strong move up and climbs to a one-and-half-week high, closer to mid-1.3500s during the early part of the European session on Friday. Crude Oil prices stand tall near the YTD peak in the wake of a sharp decline in US inventories, drone strikes on Russian refineries and a rise in energy demand forecasts. This, in turn, is seen underpinning the commodity-linked Loonie and acting as a headwind for the currency pair. The downside, however, seems cushioned amid a modest US Dollar (USD) uptick
Long
by Mrsam36
Audusd expected buy more read the caption The price then topped out at around $0.6652 a couple of days later, and then went on to print lower resistance at $0.6633 with the price consolidating between there and $0.6591 The price action looks very flat, and it is hard to see the next major directional move. I do not have a directional bias. I see the best approach here today as scalping reversals from any key level. However, we may see more volatility in this currency pair after the US data releases get underway when New York opens
Long
by Mrsam36
Gbpjpy fall back hit the bottom read the caption GBP/JPY saw a thin rally on Wednesday, testing into 189.53 before wrapping up the midweek trading session near the 189.20 handle. The pair is cautiously recovering after an early-week dip into the 188.01 handle. The Bank of Japan (BoJ) continues to wink at the possibility of ending the negative rate regime. BoJ Governor Kazuo Ueda nodded at “tweaking negative rates” early Wednesday, as the BoJ prepares to place the burden of the final decision on the shoulders of spring negotiation
Short
by Mrsam36
Nzdusd wants t more buy go ahead read the caption Nzdusd to cut rates just two times this year and decrease the chance of easing policy in June. Investors have priced in 75% odds of a 25 basis points (bps) rate cut in June, down from 94% at the beginning of the week. The Fed is anticipated to keep the benchmark rate steady in the 5.26%–5.50% range in the March policy meeting next week. The Fed wants to see more evidence that recent disinflation progress is sustainable before starting
Long
by Mrsam36
Gold again record making move to 2200 read the caption Spot gold gained 0.7% to $2,172.88 per ounce. U.S. gold futures rose 0.5% to $2,176.60. The dollar index was down 0.1%, making gold cheaper for overseas buyers. “The situation for gold bulls right now is a win-win, if Fed cuts rates, gold jumps substantially, if they don’t cut rates, there will be concerns on inflation that could push gold higher,” Bob Haberkorn, senior market strategist at RJO Futures, said, adding that gold’s upside today shows buying on dip
OANDA:XAUUSDLong
by Mrsam36
1