USD/JPY is trading near 150.00, extending the rally after the Bank of Japan (BoJ) did not adjust its policy setting but changed the language around its YCC framework. The BoJ's policy outcome disappointed hawks and weighed on the Japanese Yen. According to the CME Fedwatch tool, markets are currently pricing in a 23% chance of a 25 basis point (bps) Fed hike on...
Hello everyone, Over the past week, BTCUSD has been consistently moving sideways, with a significant resistance level at $34,800. Despite touching this level four times, BTCUSD has been unable to surpass it, and the current trend continues to reflect this. Today, there is a clear indication of a price decrease as BTC has lost 0.8% throughout the day. On the other...
HELLO! BTCUSDT is trading slowly when overcoming the resistance level of 34,000 USD trading at 34,373 and continuously decreasing in price, currently down 0.29% on the day and still showing no signs of stopping. The immediate goal of BTCUSDT is probably to find the support level at 31,000 USD and retest the previous breakout area. I am still optimistic but I also...
GBP/USD is fluctuating within a narrow range during the Asian trading session before dropping to the 1.2100 area in the European morning. The long-term technical outlook indicates that the downward trend remains intact. Over the weekend, the United Arab Emirates (UAE) called for an emergency meeting of the United Nations Security Council to discuss the situation...
Gold staged a downward correction after last week's rally and fell to $1,990 early Monday. However, it quickly regained the $2000 level after that and is currently trading at $1996 today. As the US Dollar came under renewed selling pressure, XAU/USD reversed direction and headed towards the $2,000 level, erasing most of its daily losses in the process. On...
The world gold market witnessed strong buying force in the past 2 weeks. Investor demand for safe havens increased amid tensions in the Middle East. Gold prices marked the third consecutive week of increase and traded above 2000 USD. According to CME FedWatch Tool, the market seems certain that the Fed will keep interest rates unchanged at 5.25% to 5.5% at this...
The price of precious metals remains stable at a high level due to increasing risk aversion in the midst of ongoing conflicts in the Middle East. However, the upward momentum of gold has been limited after better-than-expected US economic reports. Currently, the metal is trading at 1993 and has dropped 12 USD in a day. Gold is expected to experience significant...
Hello friends, BTCUSDT has moved sideways continuously in the past week but still maintains the price well above the 34,000 USD area, showing that the strong upward momentum is still well maintained. Current resistance level is 37,700 USD. Current support level is 33,600 USD. A breakout through the current resistance level could push the price to a higher level...
So far, the euro (EUR) seems to be vulnerable to the US dollar (USD), making EUR/USD trading in a narrow range between 1,0500 years in Monday morning in Europe. . In case the seller advertises more, EUR/USD can return to a weekly low level of 1,0495 before the lowest level in 2023 is 1,0448 and the circle is 1,0400. At the top, the short -term goal of the eye of...