HamedMarkets

HamedMarkets Updated 

The USD/JPY exchange rate has shown an upward trend after breaking above the 159.00 level, sparking concerns that the Japanese government or the Bank of Japan (BoJ) might intervene in the forex market. With the Relative Strength Index continuing to rise, the momentum is currently in favor of buyers. Should USD/JPY surpass the psychological barrier of 160.00, the...

HamedMarkets Updated 

The Japanese Yen (JPY) extends its gains for the second consecutive session on Tuesday. The USD/JPY pair remains within touching distance of the 160.00 level that recently pushed Japanese authorities to spend billions of dollars in Yen-buying intervention, per Reuters. Japan’s Corporate Service Price Index (YoY) rose 2.5% in May, slowing from a 2.7% increase in...

HamedMarkets Updated 

Gold prices (XAU/USD) traded in positive territory on Tuesday despite a weaker greenback. A stronger-than-expected US purchasing managers index (PMI) released last week prompted Federal Reserve (Fed) officials to push back the timing of their first interest rate cut this year. , this continues to limit gold's upward momentum. However, safe-haven flows due to...

HamedMarkets Updated 

Dear traders! EUR/USD edged up in a slight recovery after falling to 1.0670 last Friday. The new trading week is starting with risk appetite pushed higher, sending the US Dollar lower and strengthening the Euro as investors head into a relatively quiet Tuesday. In the near term and according to the 4-hour chart, risks are increasingly turning to the downside....

HamedMarkets Updated 

Dear traders! Gold price today decreased slightly, trading around 2,326 USD, emphasizing a decrease of 10 USD. It is worth noting that gold weekdays will be less volatile until the end of this week's May US core personal consumption expenditures index report is released, if weaker data could increase The possibility that the US Federal Reserve (Fed) will soon cut...

HamedMarkets Updated 

Dear traders! GBP/USD traded in the green above 1.2650 in the second half of Monday. After outperforming rivals on upbeat PMI data on Friday, the US Dollar remained firm amid a positive change in risk sentiment, allowing the pair to extend its recovery.

HamedMarkets Updated 

Dear traders! EUR/USD struggled to attract any meaningful buyers and was weakened by a combination of factors. Political uncertainty in Europe, coupled with Friday's dismal Eurozone PMI, appears to be weighing on the Euro. The Fed's relatively hawkish stance lifted the USD to multi-week highs and continues to act as a headwind.

HamedMarkets Updated 

Dear traders! Gold prices are falling early Monday after seeing a sell-off of more than 1% on Friday. Gold traders are now looking forward to a series of speeches from US Federal Reserve policymakers later on Monday to signal the new policy and its impact on the USD. Despite the triangle breakout confirmed last Thursday, Gold prices were unable to extend the...

HamedMarkets Updated 

Hello traders. Let's discuss and strategize! Gold prices are forecast to stabilize this week when there is little important data released in the middle of the week. The most awaited information by the market is the core personal consumption expenditure index report (the US Federal Reserve's (Fed) preferred inflation measure) expected to be published at the end of...

HamedMarkets Updated 

GBP/USD struggles near its lowest level since mid-May touched on Friday. Bets for a rate cut by the BoE in August continue to undermine the GBP. The USD climbs to its highest level since May 9 and also exerts pressure.

HamedMarkets Updated 

Hello everyone, today USDJPY continues to trend up and buyers still benefit. Accordingly, USD/JPY is falling back to 159.50 and facing rejection at 160.00. It is expected that the price will recover after the correction and retest the EMA 34.89 levels.

HamedMarkets Updated 

Hello everyone, yesterday the gold market dropped to its lowest level of the session. It was noted that at the time of writing, gold had decreased by more than 38 USD (equivalent to 1.62%) compared to the previous session and repeated the sharp decline like the last Friday of last week. Accordingly, from the technical picture, gold is starting to fall again in...