Exness_Official

Exness_Official

Tuesday: RBA meeting minutes at 12:30 AM GMT are anticipated by the market participants to get a glimpse of the short-term action plan of the Reserve Bank of Australia. More dovish commenting might be seen as a weakness of the Aussie Dollar creating some minor push on the price to the downside and vice versa. Canadian Inflation rate at 13:30 GMT. The...

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Gold prices rose over 1% as the dollar rally paused, with market players awaiting comments from Federal Reserve officials for clues on the U.S. interest rate path. Expectations of less-dovish rhetoric from U.S. policymakers in December and a potential rate hold in January may pose an obstacle for gold, as investors recalibrate their expectations. Strong U.S....

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Oil prices rose slightly after recent losses, driven by a more positive market tone and a weaker dollar, though concerns over weak Chinese demand and a potential oil surplus in 2024 continued to weigh on the outlook. The market has been volatile due to ongoing tensions in the Middle East and Russia’s intensified strikes on Ukraine while the U.S. is considering...

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Ether and various other major altcoins have followed bitcoin’s recent move up to differing degrees. Positivity comes from futures, likely crypto-friendliness from the incoming American government and the prospect of looser monetary policy in the USA, while important unique factors in favour of Ether particularly include a much lower price than bitcoin and a large...

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BTCUSD extended its rally before paring recent gains. The higher swing points and the widening gap between both EMAs indicate its strong bullish momentum. If BTCUSD rebounds above 90000, the price could rise towards the resistance at 95000. Conversely, a break below 90000 could prompt a deeper retracement to the ascending trendline and support at 85000.

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USOIL consolidated within 67.00 - 69.00 while sustaining the trend. The bearish EMAs indicate the potential downtrend extension. If USOIL breaks above 69.00, coinciding with EMA21 and the 38.2% Fibonacci Retracement, the price could rise to 72.00. Conversely, a break below 67.00 could prompt a decline toward the channel's lower bound and its support near 65.00.

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USDJPY sustained its uptrend and advanced to 155.70. The price is approaching the ascending channel's upper bound, maintaining bullish momentum. If USDJPY breaches the channel's upper bound, the price could surge to a four-month high at 157.50. Conversely, if USDJPY fails to hold above EMA21, the price may fall to 153.10, coinciding with EMA78.

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After extending its plunge, GBPUSD consolidated within the 1.2715- 1.2765 range before breaking below it. The price movement shows a potential slowdown in momentum. If GBPUSD closes below 1.2665, the price may test the following support at 1.2615. On the contrary, returning above 1.2715 could suggest a short-term recovery toward 1.2765.

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EURUSD briefly traded above 1.0630 and approached EMA21 but failed to sustain the recovery and dipped below 1.0580. The lower swings emphasized its bearish momentum. If EURUSD extends its plunge, the price may retest the support area of 1.0480-1.0530. Conversely, a recovery above 1.0530 could prompt a mean reversion to EMA21.

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Gold prices fell for the fourth consecutive trading day amid rising dollar and treasury yields. The US Oct CPI data had little impact as Trump's policy expectations continued dominating market directions. Unless economic data drastically changes against market expectations, policy outlook will continue to dominate gold prices, keeping the high volatility.

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Gold prices meet͏ more selling push with strong U. S. dollar, driven by hope about Donald Trump’s likely growth plans and his suggested 10% import tax which might raise costs and hold back the Federal Reserve's ability to cut rates. This has helped boost higher U. S. Treasury yields, drawing investors away from the non-yielding gold. Traders are cautious ahead of...

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Oil prices fell more than 2% as concerns about Hurricane Rafael’s impact on Gulf of Mexico production eased, and China’s latest economic stimulus measures failed to impress oil traders. Rafael, now a category 2 hurricane, is expected to stay centered in the Gulf, reducing risks to oil output. China’s fiscal support focused on easing local government debt rather...

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Gold reached a fresh all-time high on 31 October as the outcome of next week’s elections remains highly uncertain and demand for havens continued. The uptrend is very strong but doesn’t currently seem to be as overheated as it had been in the second quarter. The value areas between the main moving averages haven’t generally expanded notably in recent weeks...

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Apart from slightly disappointing American GDP, euro-dollar has also made gains in recent days on stronger than expected growth in the eurozone generally and in major national economies. Preliminary German inflation for October rose more than expected to 2%. Relatively high volume of buying and a move out of oversold by the slow stochastic after 24 October’s...

Exness_Official

The recent bearish gap in crude oil prices could be setting up for a bullish correction, as technical indicators highlight key target areas for a rebound, signaling a potential upward trend. The Commitment of Traders (COT) report supports this outlook if large institutional players are increasing long positions, adding to the bullish momentum. Historical US...

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Beyond recent changes in monetary policy, the yuan has received some support from news that major Chinese banks have been actively selling dollars to try to support the currency. The market is waiting for further details on the fiscal stimulus announced last month. The 38.2% weekly Fibonacci retracement around ¥7.11 seems likely to hold as a short-term support in...

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USTEC gained as earnings from Micron provided a temporary boost to a market that has been trading sideways. The chipmaker reported strong sales of high-bandwidth memory chips in 1Q, along with upbeat revenue, earnings, and an optimistic forward outlook. USTEC broke its consolidation and the psychological resistance at 20000, confirming an uptrend continuation....

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USDJPY resurged and broke the last swing high, forming a Broadening pattern. However, further price movement is needed to confirm the trend. If USDJPY stays in the range of 142.80-145.00, the price may continue to consolidate. Conversely, if USDJPY falls below 142.80, the price could confirm a bearish reversal.