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Forex48_TradingAcademy

The EUR/USD pair starts the week with a positive outlook in the early hours of Monday's Asian trading. The pair's rebound is supported by the consolidating stance of the US Dollar. Bouncing from last week's low of 1.0656, the pair remains capped below the 1.0700 threshold. The Relative Strength Index (RSI) on the 4-hour chart has retraced below the 50 levels,...

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This passage provides a comprehensive overview of the GBP/USD currency pair's recent performance, along with relevant economic indicators and factors influencing the market. Let's break down the key points: GDP Data from the UK: The UK's Gross Domestic Product (GDP) expanded at an annual rate of 0.6% in Q3, surpassing expectations. Despite this positive data,...

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Closing on November 10: The SP500 index recorded a brilliant rise, gaining 1.56%. The opening occurred at 4,364.1 points, below the highs of the previous session. Throughout the day, the quotes strengthened, closing at 4,415.2 points, near the session highs. Status and Trend Analysis: Short-term trend: Signs of strengthening with immediate resistance at...

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The USA technology stocks index has experienced a significant increase, closing the session with a gain exceeding 2.25% compared to previous values. The day started with determination, opening at 15,252.4 points, slightly below the highs of the previous session. Throughout the day, quotations strengthened, culminating in a closing upswing at 15,529.1, near session...

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The downward trend in gold prices persisted after the opening of the U.S. market, with XAU/USD holding near $1,940, marking a four-week low. Despite subdued demand for U.S. dollars, gold is set to conclude the week with significant losses. On the daily chart, there is a new attempt by bulls as the XAU/USD pair seeks to surpass the 23.6% Fibonacci retracement level...

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The EUR/USD cross struggles to find a direction on Friday, oscillating in a narrow range just below 1.0700. US consumer confidence, according to the UoM index, fell below expectations, weakening to 60.4 in November from 63.8 in October. Wall Street operates in positive territory after Thursday's decline, influencing the demand for US dollars. The Relative Strength...

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EUR/USD Pair: The EUR/USD pair is trading within a tight range around the 1.0700 level during the Asian session, lacking a clear intraday direction. US Treasury Bond Yields and Equities: A recent significant pullback in US Treasury bond yields and a rally in US equity markets have not provided support for the US Dollar, traditionally considered a safe-haven...

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On Tuesday, the GBP/USD exchange rate faced renewed downward pressure, falling towards the 1.2250 level. This decline was driven by the ongoing recovery of the US Dollar, supported by rising Treasury yields, despite positive movements in Wall Street. The GBP/USD exchange rate was last seen trading near 1.2300, where it encountered a key resistance zone marked by...

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The price of gold is consolidating just below the $2,000 level at the beginning of the week on Monday. This comes as the United States Dollar (USD) and US Treasury bond yields are attempting to find stability in a market environment that is inclined towards risk-friendly sentiment. Gold has faced challenges staying above the $2,000 threshold on multiple occasions...

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EUR/USD has gained bullish momentum, surpassing the 1.0700 level for the first time since late September. The upward movement of the pair during the American session was driven by a US Dollar selloff triggered by a weaker-than-expected increase in October's Nonfarm Payrolls. The US Dollar (USD) selloff, which began after the Federal Reserve's monetary policy...

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On Friday, we witnessed a strong growth in the SP500 index, further bolstering its performance, with an increase of 0.94%. The day started with strength, opening 4,334.2 points above the previous session's highs, and quotations strengthened throughout the entire session. In fact, it has been an impressive week for the SP500, with the index rising by over 200...

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Regarding yesterday's trading day: Checked progress for the American index, which closed up by 0.66%. The start of the day was quite promising for the index, marking an initial price at 33,988.8 points, staying above the peaks from November 2nd and continuing to rise during the session. Currently, the short-term outlook for the Dow Jones indicates a strong...

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On Friday, the XAU/USD pair reached an intraday high of just under $2,005, in response to the disappointing US Nonfarm Payrolls (NFP) report, which marked the weakest performance in almost three years. However, Gold prices managed to recover to the midrange of the day's trading, ultimately closing near $1,992.50. The NFP report for the US fell short of...

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Analysis of GBP/USD: The GBP/USD is on the rise towards the 1.2400 level to conclude a trading week that has seen the pair mostly fluctuate around the averages. After the US Nonfarm Payrolls (NFP) data came in well below expectations, the British Pound (GBP) has seen a 1.6% increase from Friday's opening bids near 1.2190, and the GBP/USD is up almost 2.5% from...

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Nonfarm Payrolls (NFP) in the United States increased by 150,000 units in October, as reported by the Bureau of Labor Statistics (BLS) of the United States last Friday. This figure was below market expectations, which anticipated 180,000 new hires. The September increase, initially recorded at 336,000, was subsequently revised downward to 297,000. During the same...

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The analysis of the EUR/USD performance indicates a consolidation of weekly gains above the 1.0600 level in the early hours of Friday in Europe. This consolidation is partly attributed to the recent weakness of the US dollar and US Treasury bond yields. The market is eagerly awaiting the US Nonfarm Payrolls (NFP) data for a fresh directional impetus. The rally of...

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The NZD/USD exchange rate is steadily advancing on Thursday, driven by an improved risk appetite fueled by speculations that the United States Federal Reserve (Fed) has finished raising interest rates. As a result, a decrease in US Treasury bond yields has weakened the US Dollar (USD), providing support for the pair. At the time of writing, the NZD/USD is trading...

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The USD/JPY cross remains stable near the 151.00 level as the Federal Reserve (Fed) keeps interest rates between 5.25% and 5.5%, as widely expected by the markets. However, the lack of significant changes in the Fed's rate statement leaves investors uncertain about a possible rate hike in December to close out the year. The U.S. Dollar Index (DXY) is on a two-day...