Dear friends, GBPUSD has formed an upward channel and is currently trading at 1.215. Regarding the forecast: The FOMC policy meeting, which lasts for two days, begins today and will conclude at the end of Wednesday. Markets predict that the FOMC will keep interest rates unchanged at this month's meeting. Traders will be monitoring FOMC Chairman Powell's press...
EUR/USD is currently in a defensive position below the 1.0600 level, facing difficulties in finding opportunities for price increase and showing no signs of a reversal in trend. The cautious risk sentiment persists as the US dollar remains steady ahead of the Federal Reserve's interest rate decision and important US employment data. On the 4-hour chart, the...
Hello everyone! The price of gold is trading below $2000, currently at $1998 at the time of writing this article. However, the market's reaction is still weak as it awaits news that will come in on Wednesday. The situation in the Middle East has not improved, leading to increased interest in gold. However, traders are being cautious in their transactions in...
Hello! Yesterday, Gold surged to $2010 USD, but it couldn't sustain that level and quickly retreated. Currently, it is trading at $1978 USD in today's session. On October 31st, the Bank of Japan (BoJ) kept its monetary policy unchanged but stated that it will continue with its patient stance on monetary easing until it achieves a stable inflation rate of 2%. This...
BTCUSDT is trading slowly as it surpasses the resistance level of $34,000 and trades at $34,327 before continuously decreasing in price. The immediate target for BTCUSDT is likely to find the support level at $31,000 and retest the previous breakout area. I remain optimistic, but I must also acknowledge the possibility of Bitcoin undergoing a correction in the...