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EUR/USD Surges to New Highs Amid US Dollar WeaknessThe EUR/USD pair extended its rally early Monday, reaching its highest level since March at approximately 1.0970. Disappointing labor market data from the US caused a significant selloff of the US Dollar (USD) during the American session on Friday. Nonfarm Payrolls in the US increased by 114,000 in July, falling well short of the market expectation of 175,000, and the Unemployment Rate rose to 4.3% from 4.1% in June. In response to the July jobs report, the CME FedWatch Tool indicates that markets are nearly fully pricing in a 50 basis point Federal Reserve (Fed) rate cut in September. The technical outlook for EUR/USD shows overbought conditions, suggesting that the pair may continue to rise toward the next supply area around 1.1033, where a price reversal is possible. It will be crucial to monitor the COT report in that area. We are planning to place a pending order in anticipation of this movement. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
5
XAU continues to rise amid tensions in the Middle EastMost investors expect the precious metal to continue to rise next week. Experts are also optimistic about the gold price increase. After the jobs report was released, the possibility that the US Federal Reserve (Fed) wants the economy to achieve a soft landing is very low. US growth depends largely on consumption, so sluggish consumption will lead to slow growth. The disappointing jobs data shows that the Fed made a policy mistake by waiting too long to cut interest rates.
OANDA:XAUUSD
by TrategySherpa
World gold expands growth momentumamid geopolitical tensions in the Middle East Gold prices continued to extend their gains, hovering around $2,451 an ounce, thanks to safe-haven demand amid concerns over escalating tensions following the assassination of a Hamas leader in Iran. The war in Gaza and the deepening conflict in Lebanon have left the entire region in turmoil. The precious metal's gains were further fueled by Federal Reserve Chairman Jerome Powell's hint that a rate cut could be discussed as early as September if inflation remains in line with expectations. Traders are now awaiting the US payrolls report due out on Friday for further clues on the Fed's policy path.
TVC:GOLD
by NicoTradingMaster
Gold prices skyrocketed and lastedEscalating tensions in the Middle East push gold prices Gold and crude oil prices rose sharply on escalating tensions in the Middle East and concerns about a wider conflict. Any escalation in tensions in the Middle East or a dovish statement from Fed Chairman Jerome Powell tonight could send both commodities higher. Iran's leadership has made strong statements: President Masoud Pezeshkian warned that Iran would "make the occupiers (Israel) regret this cowardly act". Supreme Leader Ayatollah Ali Khamenei added: "We consider it our duty to avenge him". These provocative statements are raising concerns about the possibility of a wider conflict in the region. Above all, the prospect of a full-scale war in the Middle East is causing more worries about the potential impact on global energy markets and international relations.
TVC:GOLD
by NicoTradingMaster
World XAU market continues to riseamid continued geopolitical tensions in the Middle East. The US Federal Reserve (Fed) also turned dovish, which is a positive signal for precious metals bulls. The Fed also turned dovish, which is a positive signal for precious metals bulls. In the Middle East, the assassination of senior leaders of the Iran-aligned Hamas and Hezbollah militant groups has raised concerns that the region could be on the brink of all-out war, boosting demand for gold as a safe-haven asset FGE said that the week's events have "undermined" ongoing ceasefire talks between Israel and Hamas and brought the prospect of conflict across the region closer.
OANDA:XAUUSD
by TrategySherpa
XAU rises on Fed policy and geopolitical tensionsGold prices rose above $2,400 ahead of the Fed's policy meeting, according to Sagar Dua, a financial analyst at Fxstreet. The central bank is expected to keep interest rates unchanged at 5.25%-5.50% for the eighth consecutive time. In the monetary policy statement and press conference, Fed Chairman Jerome Powell is expected to reiterate that inflation has returned to the bank's 2% target. Powell may also highlight rising risks to the labor market. It will be difficult for Powell to set a timeline for a rate cut as the fight against inflation is far from over and the US economy is growing at a strong pace.
OANDA:XAUUSD
by NicoTradingMaster
AUD/NZD Short, NZD/CAD Short and WTICO/USD ShortAUD/NZD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. NZD/CAD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. WTICO/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
OANDA:WTICOUSDShort
by StewySongs
YEN - Major trend reversal or big correction ? • Japanese yen surged around 10% in July potentially marking the end of a multi year bull trend. • Markets expectation's of FED-BOJ policies convergence, especially after yesterday's delivery of the first rate hike by the BOJ and a dovish signal by the FED. • The pair broke below the previous major resistance/support at 151.70 and traded close to the ascending trend line support at 148. • The dollar yen is now trading just above 150 after attracting some buyers at the mentioned support level above. • If bears manage to keep the pair below the 151.70 level and potentially break the 148 level, their next downside target would be 146.50 followed by 140.
by RamziAbouAbdallah-CMT
USD/JPY Analysis: Anticipating a New Bullish ImpulseUSD/JPY, after retesting the demand area around $149.000, shows potential for initiating a new bullish impulse. This technical retest suggests the possibility of a fresh upward leg in the pair's price movement. By examining the Commitment of Traders (COT) report, we notice significant bullish sentiment among large traders, indicating support for a long position in USD/JPY. This aligns with our supply and demand analysis, which identifies the $149.000 level as a crucial demand zone where buying interest has emerged, providing a solid base for the price to move higher. Seasonality trends also favor this bullish outlook. Historically, this period tends to see strength in USD/JPY, adding confidence to our expectation of a new long setup. The combination of the retest of the demand zone, positive COT positioning, and favorable seasonality trends reinforces our anticipation of a bullish continuation. We are closely monitoring the price action and are prepared to enter a long position, expecting further gains from the current levels. This comprehensive approach, considering technical, sentiment, and seasonal factors, supports our strategy for a bullish setup in USD/JPY. Japanese Yes Futures: ✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
6
EUR/USD Faces Pressure with New Week's StartEUR/USD continues to face downward pressure as the new week begins, struggling to gain recovery momentum ahead of Tuesday's significant macroeconomic data releases. The US Dollar is currently exhibiting strong momentum, and historically, during this time of the year, our analysis indicates that the USD tends to strengthen until October or November before experiencing a retracement. Following the negative correlation in EUR/USD, we opened a bearish setup last week, and our forecast remains bearish. Early Tuesday, data from Germany revealed that the Gross Domestic Product (GDP) contracted at an annual rate of 0.1% in the second quarter. Despite this reading, there was no noticeable market reaction. Later today, the US economic docket will feature the Conference Board's Consumer Confidence data for July and the JOLTS Job Openings for June. A significant increase in job openings could bolster the USD and weigh on EUR/USD. Our forecast for the EUR/USD remains bearish. Additionally, the Commitment of Traders (COT) report shows an increase in retailer longs, which further supports our bearish outlook. Based on our analysis and current market conditions, we maintain a bearish forecast for EUR/USD. Stay tuned for further updates as we continue to monitor market developments. Previous Forecast: ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
Inflation returns and sends XAU soaringThe strength of the US labor market appears to be fading as a restrictive policy framework remains in place. The unemployment rate in June, at 4.1%, was recorded as the highest in more than two years. In addition, JOLTS Open Jobs data increased almost steadily in June. The number of job vacancies in June reached 8.18 million compared to expectations of 8.03 million but lower than the previously released figure of 8.23 ​​million, indicating that demand for jobs has been waning. On the other hand, bullion also benefited from safe-haven buying after an airstrike killed a Hamas leader in Tehran, Iran. Israel is believed to have carried out the assassination. The news angered Iran and its proxy groups across the Middle East.
OANDA:XAUUSD
by TrategySherpa
DXY on the riseWhile the Fed left rates unchanged, both the FOMC statement and Chairman Powell's press conference strongly suggested that the first rate cut was likely at the next meeting in September. The statement shifted the Fed's focus from a tilt toward higher inflation to a focus on both inflation and employment risks. He followed that up with repeated references to concerns that the welcome cooling in labor market conditions could go too far, threatening the full employment goal. The chairman also admitted that "some" members of the Committee had considered cutting rates at the last meeting, although all voted to keep rates unchanged. At one point, Chairman Powell admitted that a September rate cut was "on the table" although he dismissed suggestions that a 50bp cut was being considered. With the timing and magnitude of the first rate cut now well in hand, the harder question will be how quickly it will cut rates. The chairman couldn’t answer that question directly, of course, but his response to a related question suggested that the pace of labor market cooling was central to the issue. JPMorgan forecasts the first rate cut in September, followed by quarterly cuts, possibly monthly if unemployment continues to worsen.
TVC:DXY
by TrategySherpa
XAUUSD : Gold continues to rise strongly againGold prices continued to expand their gains thanks to safe-haven demand amid concerns over escalating tensions following the assassination of a Hamas leader in Iran. The war in Gaza and the deepening conflict in Lebanon have left the entire region in turmoil. In particular, the rise of this precious metal was further boosted when US Federal Reserve Chairman Jerome Powell hinted that a rate cut could be discussed as early as September if inflation remains in line with expectations. As expected, the Fed decided to keep interest rates unchanged at this meeting. However, Mr. Powell raised investors' hopes for a possible rate cut at the September meeting. He said that policymakers are increasingly confident that inflation is moving towards the 2% target.
OANDA:XAUUSD
by SantaTradeGold
AUD/NZD Short, AUD/CAD Short, WTICO/USD Short and NZD/CAD ShortAUD/NZD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. AUD/CAD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. WTICO/USD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
Gold bounces back after breaking 2400 peakGold prices fell slightly in this morning's trading session, fluctuating around $2,405/ounce. World gold prices reversed after gaining more than $35/oz in the previous session. The Fed is expected to maintain the current interest rate after its policy meeting in the middle of this week. However, the market expects the Fed to start easing policy as early as September as recent data shows inflation is approaching the 2% target. Traders are also awaiting a series of US employment data scheduled for release this week, including the important non-farm payrolls report due on Friday.
TVC:GOLD
by NicoTradingMaster
AUD/USD Short, NZD/CAD Short, EUR/NZD Long and NZD/JPY ShortAUD/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/NZD Long Minimum entry requirements: • Tap into area of value. • 1H impulse up above area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
XAU awaits Fed decision for fresh impetusGold (XAU/USD) struggled to stay above $2,400 and attracted some selling pressure during Monday’s trading session due to strong demand for the US dollar. Risk sentiment was also seen as a factor weighing on the safe-haven precious metal. However, geopolitical risks from ongoing conflicts in the Middle East provided some support for gold. Meanwhile, growing expectations that the US Federal Reserve (Fed) will start cutting interest rates in September, reinforced by Friday’s US inflation report, limited the USD’s gains and helped limit the decline in gold. Moreover, traders opted to wait for the outcome of the two-day Federal Open Market Committee (FOMC) meeting ending on Wednesday. Investors will continue to monitor the Bank of Japan (BoJ) decision on Wednesday, the Bank of England (BoE) meeting on Thursday and key US macro releases, including the non-farm payrolls (NFP) report on Friday, this week. In addition, other economic data scheduled early in the new month will provide more information on the health of the global economy and determine the next direction for gold prices.
OANDA:XAUUSD
by TrategySherpa