NZDUSD H1 chart, bullish setup. After few losses it's time to take good profit. Risk reward 1:4
Markets are looking ahead to the Federal Open Market Committee (FOMC) meeting, followed by a press conference by Fed Chairman Jerome Powell. Investors are expecting the Fed to cut interest rates by 50 basis points. The CME FedWatch tool predicts a 100% chance of a rate cut in September, with 63% for a 50 basis point cut and 37% for a modest 25 basis point cut....
Gold prices are always sensitive to US interest rate adjustments. A weaker USD makes gold more attractive to investors. In case the Fed cuts interest rates by 25 basis points, gold prices could reach the target of $2,700/ounce by early 2025. Gold prices broke the technical level above $2,550/ounce. Investors are optimistic about the prospect of the Fed preparing...
When the XRPUSDT daily chart is examined; It is observed that the price movements continue on the trend line. As long as the crypto's 0.5410 level is not broken down, it is evaluated that the price movements above the 0.5560 level can cross the 0.6310 level and target the 0.7580 level.
The U.S. Federal Reserve (Fed) cut its policy rate for the first time in four years, lowering it by 50 basis points to the range of 4.75%-5.00%. Following this decision, the decline in the dollar index accelerated. Fed Chair Jerome Powell stated that the decision shows increased confidence in maintaining a strong labor market while ensuring moderate growth and...
The half-point decision was made after considering inflation, economic data and risks. Along with the policy pivot, many economists noted that there will be more than one rate adjustment this year. Accordingly, the dot-plot chart shows the central bank expects rates to fall to 4.4% by the end of the year, down from the 5.1% estimate in June.
EURUSD has been in a bullish trend, and the recent impulse move down, followed by a pullback that took out liquidity below the 1.1100 support level, could signal the end of a correction. This behaviour is typical in bullish markets, where price pulls back to gather liquidity before resuming the upward trend. Given the overall bullish sentiment, there is a strong...
When the EURUSD 4-hour chart is examined; It is observed that the price movements continue with the formation of an inverted shoulder-head-shoulder formation on the trend line. As long as the EURUSD level of 1.10548 is not broken down, it is evaluated that in price movements above 1.11231, it can cross the level of 1.12007 and target the level of 1.12886.
Pressured by a rebound in the US dollar and a slight rise in US government bond yields, the yellow metal lost 0.5% after hitting an all-time high of $2,589 an ounce earlier in the week. Traders are now waiting to see whether the US Federal Reserve will pivot policy at this meeting as expected. Following a series of optimistic data, financial markets are...
GBPAUD is consistently making lower lows and lower closes on the 1H timeframe, indicating a potential ABC formation. Over the past two weeks, the market has been moving within a defined weekly range, suggesting that the price is currently in a consolidation phase. Additionally, the price has recently broken and closed below the key 1.95000 level and the upward...
EUR/USD Holds Steady Above 1.1120 Ahead of Crucial Fed Rate Decision As the first London session kicks off this morning, EUR/USD is maintaining its position above the 1.1120 level, with market participants eagerly awaiting today's Federal Funds Rate decision by the U.S. Federal Reserve. The decision is set to dominate market sentiment, with investors and traders...
According to signals from the Fed and the market, in this meeting, the US Central Bank will cut the operating interest rate for the first time since March 2020. Previously, the Fed had raised interest rates 11 times, from March 2022 to September 2023, bringing interest rates from a record low of 0-0.25%/year to the current 5.25-5.5%. The Fed raised interest rates...
Today, there is an expectation of a 25 basis point rate cut in the Fed meeting. By the end of the year, a total rate cut of 100 basis points is almost certain. This situation leads to a positive risk appetite being effective on the indices. On the U.S. side, retail sales increased by 0.1%. Meanwhile, industrial production in the U.S. pointed to a positivity...
When the BTCUSDT 4-hour chart is examined; It is observed that the price movements continue on the trend line with the formation of the Inverse Head and Shoulders Formation. As long as the crypto's level of 55554 is not broken down, it is evaluated that the price movements above the level of 58753 can exceed the level of 65022 and target the level of 69969.
The reaction of GBPUSD to the Bank of England's interest rate decision has been fairly muted. In the short term, we're looking for selling opportunities, aiming for a deeper reversal towards the 1.3146 level. Key levels to watch: Target 1: 1.3146 If price breaks below 1.3146, the next target is 1.3000. Stop-loss recommendations: Technical Stop:...
After the Fed cut its policy rate for the first time in four years, the dollar index saw further declines. The yield on the U.S. 10-year Treasury bond dropped to 3.63% following the decision. This market reaction accelerated the push for gold prices towards the 2600 level. Additionally, the Fed indicated the possibility of another 50 basis point rate cut this...
Hi Traders, Following yesterday's USD news, the Federal Reserve has reduced the interest rate by 0.25%. It seems the market has already absorbed this news, and our attention shifts back to the USDJPY pair. On Tuesday, my analysis showed a price break above the H4 structure. According to this structure, we can anticipate a continuation of the overall downtrend....
When the GBPUSD 4-hour chart is examined; It is observed that the price movements continue with the formation of an inverted shoulder-head-shoulder formation on the trend line. As long as the GBPUSD level of 1.30886 is not broken down, it is evaluated that in price movements above 1.31787, it can cross the level of 1.32980 and target the level of 1.34550.