Morning guys, XAUUSD has been consolidating around since the metal dropped on the 17th of June to around 1770 with lows of 1760. The metals bearish outlook stabilised since then and we've been patiently waiting for the bulls to push 1800. Whilst we've been waiting, opportunities to ride the consolidation up and down have opened and these have been pretty solid as...
GBPJPY showed sharp gains on Mondays Asian and European sessions with the pair rising from a bearish 151.500 to 153.750 at its peak, looking primed to continue back towards the 155 mark which the bulls have been pressuring and sustaining since late May. Coming into todays European session, the currencies volatility had worn off and the pair has been stuttering...
Morning Traders, Quick 15M entry here on Gold, the metal has been consolidating over the last 24 hours, most likely in preparation for the number of Fed speeches coming up this week including Chair Powell's speech this afternoon. The metal looks hesitant to move bearish or bullish after a strong week by the dollar last week, with the fed announcing interest hikes...
XAUUSD Quick Friday Entry After Fridays colossal drop in XAUUSD on Thursday, the pair looks to be slightly shaky at pre American session. Dropping beneath 1770 on Thursday, XAUUSD rebounded and tried to cover some lost ground at the start of trading this morning (European session). Since then XAUUSD has pushed onto 1795 but looks weary as it tries to push for...
GBPJPY fell this morning as the Asian session ended weary of the the BoJ's interest rate decision and release of Inflation YoY. This, coupled with the pair showing early signs of exhaustion is creating great weather conditions for a storm. The pair fell short of the 154.000 mark and looks to consolidate ahead of the BoJ's decision before a small breakout above the...