Bitcoin has been experiencing notable volatility in recent months. On a weekly timeframe, technical analysis reveals a concerning double top pattern, which could indicate a significant retracement is on the horizon. This article delves into the implications of this pattern, the potential retracement levels, and the broader market factors influencing Bitcoin's...
According to experts, precious metal prices have just gained momentum after the speech of the Chairman of the US Federal Reserve (Fed). Mr. Jerome Powell said that US inflation has cooled down. Experts and investors are increasing expectations that the Fed will soon begin a cycle of lowering interest rates. According to Bloomberg, excessive spending by the US...
In this morning's trading session, world gold prices rose to their highest level in nearly two weeks around 2,360 USD/ounce. Due to rising expectations that the Federal Reserve will cut interest rates in September, after recent US data showed a weakening labor market. Ricardo Evangelista, senior analyst at ActivTrades, said: "Today's rise in gold prices is...
World gold prices fluctuated around 2,329 USD/ounce in the first trading hours of the Asian session. Gold prices this week are forecast to be volatile as the market receives a series of important data, including employment data and minutes of the June FOMC meeting. In his latest statement, Mr. Powell still emphasized his view that the US Central Bank will need...
Gold prices increased slightly on Monday (July 1), with the market's focus shifting to US jobs data scheduled for release later this week, which could provide more signals about the The US Federal Reserve (Fed) lowered interest rates. At the end of the trading session on July 1, the spot gold contract increased 0.2% to 2,329.79 USD/oz. Gold prices jumped more...
The dollar remains strengthened, especially against currencies where central banks have a more dovish stance than the Fed – most notably the yen and renminbi. However, gold investors still ignored fluctuations in the foreign exchange market, so gold recovered from the weak level at the beginning of last week and ended the week in the green. The fact that gold...
World gold prices fluctuated around 2,325 USD/ounce in the first trading hours of the Asian session. Last week, the gold market continued to move slowly and steadily, as the yellow metal once again traded within a narrow range between 2,300 and 2,340 USD/ounce. Gold prices are expected to be volatile this week as the market receives a series of important data,...
Gold prices are becoming unpredictable in the coming days, with many mixed views from analysts and investors, according to Kitco's gold price trend survey results next week. Specifically, in a survey on Wall Street, 12 analysts responded, of which 33% thought gold prices would continue to increase, 17% thought gold prices would decrease and up to 50% predicted...
CHFJPY is currently testing a previously broken horizontal support level, which is now likely acting as resistance following the breakout. To confirm the bearish trend, I have observed a horizontal range on the hourly chart and a bearish breach of its support level. Is moving in an ascending channel, move to the resistance level and We expect a decline in the...
If you haven`t bought FDX calls ahead of the previous earnings: Now analyzing the options chain and the chart patterns of FDX FedEx Corporation prior to the earnings report this week, I would consider purchasing the 260usd strike price Calls with an expiration date of 2024-12-20, for a premium of approximately $19.30. If these options prove to be profitable...
Market analysts forecast positive numbers for the May report. Expect the cost of goods and services to increase at an annual rate of 2.6%, down slightly from April's 2.7%. More importantly, core PCE is expected to fall to 2.6% (on an annual basis) in May, from 2.8% in April. If these forecasts come true, it would signal a further reduction in inflationary...
US economic data on June 27 was not very positive: the number of applications for unemployment benefits reached the highest level since November 2021, the number of durable goods orders showed a bad signal for Q2 GDP, sales Pending home sales hit a record low, and finally, the Kansas Fed's manufacturing activity stagnated for the 21st straight month. World gold...
Euro moved according to the morning analysis and now the position can be risk-free. In 15 minutes, we can enter the position when the price reaches our new entry point. The stop of both transactions is 1.06926. Capital management should be observed
The downward pressure on gold prices increased further due to rising US government bond yields. This yield has increased from 5-7 bps across all bond terms. A recent five-year US Treasury bond auction showed positive results, with bids from non-dealer investors exceeding the average. Recent statements by Fed officials have also further influenced market...
World gold prices moved sideways after falling more than 30 USD/ounce yesterday, fluctuating around 2,298 USD/ounce. Gold prices fell for a second straight session and hit their lowest in more than a week on Wednesday. Recent "hawkish" comments from a series of Fed officials show that the US central bank is unlikely to lower interest rates soon in the context of a...
Euro USD analysis Daily time frame This currency pair entered its daily support and gave confirmation in the 1-hour time frame. By complying with capital management, we can enter the position
World gold prices are trading in slight red after falling about 22 USD/ounce yesterday, currently fluctuating around 2,314 USD/ounce. The world gold market was relatively quiet at the beginning of this week due to the lack of important economic data and events. Experts say that XAU/USD fluctuates in a narrow range because investors are cautious ahead of the...
XAU/USD is fluctuating around 2,325 USD/ounce. World gold prices moved sideways as investors waited for US inflation data, expected to be released later this week with the focus on the US core PCE index. This makes investors increase their expectations that the Fed will soon reduce interest rates in the next few months, supporting gold - a non-yielding...