EdgeTradingJourney

EdgeTradingJourney

The EUR/USD pair experienced a strong rebound on Tuesday, rising by 0.8% and breaking a six-day losing streak, although it failed to reclaim the 1.0400 threshold. Despite this recovery, bullish momentum remains fragile as the euro is heavily influenced by broader market flows and the anticipation of upcoming US Non-Farm Payroll (NFP) data. The pair found initial...

EdgeTradingJourney

The GBP/AUD exchange rate showed mixed movements from January 27 to February 4, 2025, closing at 1.99489 on February 4 with a decline of approximately 0.42% compared to the previous session. Despite a modest rally on February 3, with an increase of about 0.58%, the subsequent downturn signals prevailing bearish sentiment. This fluctuation highlights a cautious...

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The USD/JPY exchange rate has shown both resilience and vulnerability in recent trading sessions, shaped by competing factors from monetary policy shifts to global economic developments. On the positive side, the U.S. dollar remains underpinned by Federal Reserve rate decisions, with market expectations of steady rates in the near term supporting its strength....

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The gold market is experiencing significant volatility, with prices undergoing a correction after approaching multi-month highs. Currently, XAU/USD is trading around $2,740, below the key resistance at $2,790, as recent declines reflect a mix of profit-taking, technical pressures, and macroeconomic factors. Recent selling has triggered a natural correction after...

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GBP/USD shows mixed signals, remaining below 1.2350, influenced by economic and political factors in both the UK and the US. After a strong rally on Monday, the pair lost momentum on Tuesday, driven by the recovery of the US Dollar and overall disappointing UK labor market data. The rise in the unemployment rate to 4.4% and a slowdown in employment growth weigh on...

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The USD/JPY pair exhibits a clear bearish inclination, driven by a combination of economic and market factors that are strengthening the Japanese Yen and weakening the US Dollar. Currently, the pair has dropped to approximately 155.60, recording a 0.44% loss for the day, with sellers evidently attempting to push the price further toward critical support levels...

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The analysis of XAU/USD highlights a strong bullish momentum in the short term, with gold prices reaching a one-month high above $2,700 on January 16, 2025. This rally was supported by contrasting U.S. economic data: while consumer spending showed strength, the increase in unemployment claims contributed to a decline in U.S. Treasury yields, enhancing gold's...

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The EUR/GBP exchange rate is currently in a bearish phase, trading near 0.8440 as of January 15, 2025. The key resistance level at 0.8445, which has been a significant barrier since September, has once again hindered upward attempts. The recent downward pressure has been influenced by the halt in the rally of UK gilt yields, following weaker-than-expected...

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The EUR/USD continues its downward trend, recently touching a new cycle low around 1.0176 as the US Dollar maintains its relentless rally, fueled by rising expectations that the Federal Reserve will keep interest rates elevated for an extended period. The Greenback’s strength has been amplified by a fifth consecutive bullish session, with the DXY surpassing the...

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EUR/USD trades near 1.0320 after dipping to a low of 1.0275, with recent price action reflecting a prevailing bearish sentiment driven by employment data, a cautious Federal Reserve, and concerns over potential tariff measures by President-elect Donald Trump. Technical indicators on the daily chart show accelerated declines in negative territory, suggesting the...

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Currently, GBP/USD is attempting to hold above the 1.2500 level after hitting an intraday high of 1.2575, but pressure from a strengthening US Dollar, driven by positive economic data, has capped further gains. A sustained move above this level could pave the way for new bullish targets, with the first resistance area at 1.2620-1.2630, corresponding to the 61.8%...

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Brent crude prices are currently influenced by a combination of strong geopolitical and climatic factors. At present, WTI is trading around $73.30 per barrel, nearing its highest levels since October 2024, as investors closely monitor the potential impact of colder weather in the United States and Europe. Seasonal demand for heating oil is expected to rise,...

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Gold's recent performance and future outlook continue to be influenced by a complex blend of technical indicators, macroeconomic events, and geopolitical factors. As of Friday, XAU/USD registered a slight retracement below $2,650 after a significant 1% increase on Thursday. The minor pullback coincides with a stabilization in the US 10-year Treasury yield around...

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The analysis of the USD/JPY exchange rate reflects a complex combination of macroeconomic, monetary, and geopolitical factors influencing the pair's performance. During the Asian session on January 3, 2025, USD/JPY dropped toward 157.00, highlighting bearish pressure driven by a deterioration in risk sentiment and weak Chinese PMI data, which increased demand for...

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EUR/USD stabilizes around 1.0400, with low volumes and a cautious market favoring a resilient US Dollar. The technical setup remains bearish: the 20-period moving average acts as dynamic resistance at 1.0470, while the 100 and 200-period moving averages confirm the downward trend. Technical indicators are weak and lack clear direction, highlighting the absence of...

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The gold price (XAU/USD) is in a consolidation phase around $2,620.00, showing a recovery session from previous declines, although trading volumes remain light due to the upcoming New Year holiday. On the support side, key levels are found at the exponential moving averages ($2,625 and $2,630), with a risk of further bearish pressure if these levels are breached,...

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GBP/USD trades around 1.2490, showing weakness for the third consecutive day, with the daily chart indicating a bearish bias within a descending channel. The Federal Reserve cut interest rates by 25 basis points as expected, projecting a 2025 rate of 3.9% (up from 3.4% in September). Powell emphasized caution and a slower path for future rate cuts, while the BoE...

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The oil market is currently under pressure, with WTI down to $69.30 and Brent at $72.66. The main causes are: Pemex Production Recovery: Oil platforms in the Gulf of Mexico have returned to full capacity after improved weather conditions and the end of the hurricane season. This has increased available supply, partially offsetting the decline in Russian...