FM-ForexMastermind

FM-ForexMastermind Updated  Mar 20

🔔🔔🔔 Gold news: ➡️Gold prices have surged past $3,000, reaching record highs early Tuesday as geopolitical tensions in the Middle East escalate. Israel has resumed military operations in Gaza after Hamas rejected US-backed ceasefire proposals. Additionally, growing friction between the US and Iran is further fueling demand for gold as a safe-haven asset. ...

FM-ForexMastermind Updated  Mar 20

🔔🔔 🔔GBP/USD news: 👉According to the CME FedWatch tool, the Federal Reserve (Fed) is almost certain to keep interest rates unchanged in the 4.25%-4.50% range for the second consecutive time. As a result, the key driver for the US dollar will be the Fed's dot plot, which reflects' expectations for the federal funds rate in the medium and long term, along with the...

FM-ForexMastermind Mar 20

🔔🔔🔔 USD/CAD news: 👉The U.S. central bank decided to keep its benchmark interest rate unchanged for the second consecutive meeting on Wednesday, amid growing concerns about an economic slowdown and the possibility of persistently high inflation. Federal Reserve Chair Jerome Powell emphasized the high level of uncertainty stemming from President Donald Trump's...

FM-ForexMastermind Updated  Mar 20

🔔🔔🔔 Gold news: 👉Gold prices surged to a new record high of $3,056 on Thursday as Federal Reserve Chair Jerome Powell spoke following the Fed's decision to keep interest rates unchanged. The Fed maintains rates at 4.25%-4.50% and announced adjustments to its balance sheet, expected to resume in April. While accelerating that labor market conditions remain solid,...

FM-ForexMastermind Mar 20

🔔🔔🔔 GBP/USD news: ➡️The GBP/USD pair remains in positive territory for the fourth consecutive trading session, hovering around the 1.3000 level during Asian trading hours on Thursday. Daily chart technical analysis indicates a continued uptrend, with the pair moving higher within an ascending channel pattern. ➡️The 14-day Relative Strength Index (RSI) is...

FM-ForexMastermind Updated  Mar 20

🔔🔔🔔USD/JPY news: 🔆 Japan's largest labor union group, Rengo, secured an average wage increase of 5.46%, the highest since 1991, surpassing last year's initial figure of 5.28%. However, the raise fell short of expectations, as union members had sought a 6.09% increase. Given this outcome, the Bank of Japan is unlikely to tighten monetary policy beyond what the...

FM-ForexMastermind Updated  Mar 20

🔔🔔🔔 EUR/GBP news: 👉The EUR/GBP pair remains stable after gaining in the previous session, trading around 0.8420 during Asian market hours on Wednesday. The Euro (EUR) strengthens as demand for increased deficit spending grew among the Eurozone’s largest economies. In Germany, key political parties—including the CDU/CSU bloc, SPD, and Greens—approved a landmark...

FM-ForexMastermind Updated  Mar 20

🔔🔔🔔 AUD/USD news: 👉The US dollar is expected to trade cautiously ahead of the Federal Reserve’s (Fed) second interest rate decision of the year on Wednesday. The Fed is widely anticipated to keep interest rates unchanged in the 4.25%-4.50% range for the second consecutive time. 👉Meanwhile, the Australian Dollar (AUD) has shown strong performance in the last two...

FM-ForexMastermind Updated  Mar 19

🔔🔔🔔 USD/JPY news: ➡️The USD/JPY pair reached a two-week high of around 149.93 during the Asian session on Tuesday as renewed geopolitical concerns in the Middle East boosted demand for the safe-haven US dollar. However, further gains appear uncertain due to diverging expectations between the Bank of Japan (BoJ) and the Federal Reserve, as well as rising trade...

FM-ForexMastermind Updated  Mar 18

🔔🔔🔔 Gold news: ➡️ Gold prices have been at the 2900 - 2930 level for a long time, creating strong pressure for gold to break out in the US session yesterday. ➡️ In addition, 2 Weak economic data CPI and PPI of the US along with other weak data and the spreading trade war are the buttons to remove the strong increase of gold to 2990 (+1.95%) ➡️ On the other...

FM-ForexMastermind Updated  Mar 18

🔔🔔🔔 EUR/USD news: 👉The EUR/USD pair remains range-bound as the US Dollar stabilizes ahead of the Federal Reserve’s monetary policy meeting. The Euro (EUR) holds steady after German leaders, including the Greens led by Franziska Brantner, agreed to establish a 500 billion Euro infrastructure fund and implement significant changes to borrowing regulations,...

FM-ForexMastermind Updated  Mar 18

🔔🔔🔔 Gold news: ➡️Gold prices have fallen after hitting a record high, surpassing $3,000, following a series of weaker-than-expected economic indicators, especially PPI and CPI. Concerns about a possible US recession have weighed on the US dollar, boosting demand for the non-yielding metal. ➡️Risky trade policies under President Trump and the possibility of the...

FM-ForexMastermind Updated  Mar 18

🔔🔔🔔 EUR/USD news: 👉EUR/USD traded below 1.090 in early Thursday morning in Europe. Escalating US-EU trade tensions weighed on risk sentiment and the pair, providing some support to the US dollar amid cooling US inflation 👉 Although EUR/USD has maintained its bullish momentum, the price chart in recent days has not been as strong as before, signaling that the...

FM-ForexMastermind Updated  Mar 17

🔔🔔🔔 Gold news: 👉The US dollar is facing increasing pressure due to changes in US trade policy and increasing global economic uncertainty. If the US government continues on its current path, these pressures could increase, pushing investors towards safe-haven assets such as gold. 👉 In addition, slowing economic growth and expectations of a Federal Reserve rate...

FM-ForexMastermind Updated  Mar 17

🔔🔔🔔 GBP/USD news: 👉The British Pound (GBP) remained mostly unchanged in trading after the UK’s GDP data showed a 0.1% decline in January. The rolling three-month measure increased by 0.2%, aligning with forecasts. The weak performance in January was driven by global uncertainty and concerns over tariffs. 👉Next week, the UK's economic focus will be on the Bank of...

FM-ForexMastermind Updated  Mar 17

🔔🔔🔔 USD/CHF news: 👉USD/CHF is in a sustained downtrend after breaking below key dynamic support levels such as the 100- and 200-day SMA. In addition, the pair has been making a series of consecutive lower highs and lower lows, suggesting that sellers may be taking control. 👉Disappointing US CPI data and previous weak news have added to the weakness of the US...

FM-ForexMastermind Updated  Mar 17

🔔🔔🔔 AUD/USD news: 👉The weak US CPI report is driving the AUD/USD pair higher during the US trading session. In addition to CPI, other recent US economic data have also shown signs of weakness, raising concerns about a potential recession. The US Dollar remains under pressure as economic risks in the country deepen, compounded by the increasingly unpredictable...

FM-ForexMastermind Updated  Mar 17

🔔🔔🔔 USD/CAD news: 👉All eyes are on the Bank of Canada (BoC) this Wednesday, as markets widely anticipate another interest rate cut—the seventh consecutive one. This time, expectations are for a 25-basis-point reduction, mirroring the move made in January. 👉Meanwhile, the Canadian Dollar (CAD) has been weakening, retreating from last week's highs and approaching...