Forex48_TradingAcademy

Forex48_TradingAcademy

The EUR/USD currency pair continues to experience downward pressure, remaining below the 1.0550 level during the American trading session on Thursday. This is due to the sustained strength of the USD, which is impacting the pair following the latest US data release. The data showed that the annual Consumer Price Index (CPI) inflation in the US remained steady at...

Forex48_TradingAcademy

The USD/JPY currency pair is trading sideways after a two-day winning streak. Despite positive PMI data, the US dollar is moving lower towards the 105.50 level. Bank of Japan (BoJ) policymaker Noguchi is not optimistic about wage growth acceleration. USD/JPY has interrupted its winning streak, currently trading lower around 149.00 during the Asian session....

Forex48_TradingAcademy

Gold hit a two-week peak during the Asian session, indicating a continued and robust recovery from a recent low near $1,810. Geopolitical tensions in the Middle East strengthened gold's position as a safe-haven asset. The XAU/USD pair remains close to its daily peak, displaying persistent bullish momentum. However, it is trading below the bearish 20-day Simple...

Forex48_TradingAcademy

The GBP/USD exchange rate found support at 1.2275 after a pullback from weekly highs. Following the release of the FOMC minutes, the US dollar experienced a moderate decline, pushing the GBP/USD pair back towards the 1.2300 level. Attention is now focused on the upcoming release of monthly GDP data in the UK and the Consumer Price Index (CPI) in the US scheduled...

Forex48_TradingAcademy

EUR/USD trims its gains for the day, hovering around the key psychological level of 1.0600 during the European session on Wednesday. The pair received some upward support due to a correction in the US Dollar (USD), likely influenced by speculations about a potential pause in the interest rate-hike cycle by the US Federal Reserve (Fed). If the pair decisively...

Forex48_TradingAcademy

After spending most of the day in a narrow range above $1,849, gold gained momentum and pushed into the $1,865 area during the American session. The yield of the benchmark US ten-year Treasury bond declined to around 4.6%, allowing XAU/USD to rise further. XAU/USD maintains modest intraday gains, and the daily chart shows that it has recorded a higher high and a...

Forex48_TradingAcademy

The USD/JPY exchange rate experienced a rebound, trading higher around 149.00 during the European session due to a positive risk sentiment amidst the Middle-East conflict. The Japanese Yen did not respond to the Bank of Japan's consideration of revising core inflation estimates upward. Federal Reserve's remarks led investors to downplay the possibility of further...

Forex48_TradingAcademy

The EUR/USD exchange rate is above 1.0550, supported by a slight decline in the US dollar and decreasing US bond yields, while a positive risk tone weakens the dollar. Traders are awaiting key data for the week, including FOMC minutes and the US Consumer Price Index. The EUR/USD is below the 20-day Simple Moving Average (SMA) and within a downtrend channel, but in...

Forex48_TradingAcademy

Excellent performance of the US technology index, with an increase of 1.70%. The day started weak, opening at 14,622.2 points, surpassing the previous session's lows. Throughout the day, the quotes strengthened, closing at 14,973.2, near the session highs. In the medium term, the Nasdaq 100 shows a negative trend. In the short term, there is the possibility of a...

Forex48_TradingAcademy

GBP/USD continued its decline following the bearish opening, dropping below 1.2200 on Monday. This was attributed to the strengthening of the US dollar amid escalating geopolitical tensions in the Middle East and speculations of a more restrictive Fed monetary policy. The Relative Strength Index (RSI) on the 4-hour chart remained above the 50 level despite the...

Forex48_TradingAcademy

During the first Asian session on Monday, the exchange rate between the US dollar (USD) and the Canadian dollar (CAD) continued to decline for the third consecutive session, settling around 1.3650. This drop is primarily influenced by a significant increase in oil prices, presumably linked to the ongoing military conflict between Palestine and Israel. This...

Forex48_TradingAcademy

The price of gold has increased to the $1,830 area, with the yield of the 10-year US Treasury benchmark falling below 4.8% after initially rising to 4.9% in response to the US September jobs report, giving a boost to XAU/USD. The next directional move of the gold price will depend on the outcome of the US NFP report. From a technical perspective, the daily setup...

Forex48_TradingAcademy

EUR/USD reached the weekly high at 1.0600 and consolidated around 1.0580, marking a slight weekly increase. Despite positive data on U.S. non-farm payrolls for September, the U.S. dollar surprisingly weakened on Friday. The pair stabilized above the upper limit of the descending regression channel, with an RSI of 60 on the 4-hour chart, indicating a short-term...

Forex48_TradingAcademy

The GBP/USD exchange rate is showing a slight decline around 1.2180 during the Asian session on Friday, indicating a retracement from recent gains. However, the US Dollar (USD) is correcting following the decrease in US bond yields, providing upward support for the exchange rate. A key support level is at 1.2100, represented by the 20-period Simple Moving Average...

Forex48_TradingAcademy

Gold price is in a slightly bearish phase, staying below $1,820 due to the impact of the yield of the 10-year US Treasury bond, which is above 4.7%. This situation makes it difficult for XAU/USD to undertake a significant recovery. Technical analysis on the daily chart indicates a bearish trend for XAU/USD, with indicators showing an abundance of sell signals in...

Forex48_TradingAcademy

The USD/CAD exchange rate is approaching 1.3800 after the correction in the US dollar, while the oil price continues to decrease due to macroeconomic uncertainties. The direction of the US dollar and the Canadian dollar will depend on their respective official labor market data. The USD/CAD pair has reached a six-month high at 1.3785, and further upward movement...

Forex48_TradingAcademy

During Thursday's Asian session, EUR/USD continued the positive trend initiated in the previous session, hovering around 1.0520. The movement of this pair was influenced by market caution regarding the trajectory of interest rates by the US Federal Reserve (Fed). Despite the Euro experiencing a rebound, it is not out of danger yet, as the correction could continue...

Forex48_TradingAcademy

The USD/JPY pair stands near 149.20, reflecting recent losses and concerns about possible interventions in the market. The 10-year Japanese Government Bond (JGB) yield has surged to 0.8%, a level not seen since 2013. In the US, JOLTS Job Openings exceeded expectations, suggesting a positive employment scenario. Key upcoming events include US ADP Employment Change...