KhalilKarimii

KhalilKarimii Jul 29, 2024

The broader trend for gold remains bullish, driven by various factors such as geopolitical tensions, inflation concerns, and central bank purchases. Analysts suggest that the structural drivers supporting high gold prices are still in place, and there is potential for gold to reach new highs, possibly peaking around $2,800 by September before a possible...

KhalilKarimii Jun 21, 2024

The USD/CHF exchange rate rose 0.27% to 0.89784 on Tuesday. The pair is consolidating, with key support at 0.8880 and resistance around 0.9030. Traders should watch for a breakout above 0.89932 for continued upward momentum or a break below 0.89605 for potential downward movement​

KhalilKarimii Updated  Jun 21, 2024

The USD/CZK pair is currently exhibiting a bullish trend, driven by strong US economic data and tightening monetary policy from the Federal Reserve, which bolsters the USD. In contrast, the Czech National Bank's slower growth or dovish policy tends to weaken the CZK. Market sentiment favors the USD, especially in times of global uncertainty. Recent technical...

KhalilKarimii Updated  Jun 19, 2024

The GBP/USD pair is bearish due to weak UK economic data, including lower-than-expected GDP growth and disappointing PMI figures, along with persistent inflation concerns despite high interest rates from the Bank of England. Additionally, global risk aversion and expectations of continued policy tightening by the US Federal Reserve are supporting the US dollar...

KhalilKarimii May 31, 2024

Today's market is focused on the April PCE inflation report, which could influence future Fed rate cuts. Better-than-expected CPI data earlier this month has lifted investor hopes for a favorable PCE outcome. Major indices show mixed movements, with gains in technology and communication services sectors​

KhalilKarimii May 31, 2024

As of today, the USD/JPY pair is trading around 156.71. The market shows a slight decrease of 0.06% over the past 24 hours. The pair remains in a bullish trend, supported by strong buying activity around 156.51, with resistance levels noted at 157.46. Market volatility is expected, and traders are advised to be cautious due to potential price fluctuations....

KhalilKarimii May 29, 2024

The direction of the Dow Jones is currently upward, influenced by dovish signals from the Federal Reserve, favorable economic data, and positive earnings reports. Investors are closely monitoring upcoming inflation data and Federal Reserve comments to gauge future market movements. Disclaimer: Please note that the information provided here is for educational and...

KhalilKarimii May 28, 2024

The current price for EUR/GBP is approximately 0.8508. Based on recent technical analysis and market sentiment, the outlook for EUR/GBP today is mixed. Factors such as the Bank of England's monetary policy and recent economic data from the Eurozone are influencing market movements. Today's forecast suggests a potential slight increase in EUR/GBP, with the Euro...

KhalilKarimii May 27, 2024

The gold market has recently shown a downward trend against the United States dollar, influenced by various economic and political factors. Firstly, the Federal Reserve's decision to maintain interest rates at current levels for a longer period has contributed to the strength of the US dollar. Despite recent data indicating that inflation has not decreased...

KhalilKarimii May 21, 2024

The EUR/GBP is setting up for a good reversal as we have an inverted head and shoulder pattern technical setup. But what makes this setup so appealing at the moment is the market is very bearish in the Eurozone and more bullish (relatively) the UK economy (as a whole). Rightfully so as the Eurozone faces a lot of growth issues and disinflationary pressure, while...

KhalilKarimii May 20, 2024

The yen’s exchange rate rose to the US dollar on Thursday in response to improving prospects for the Federal Reserve interest rate. The USD/JPY pair has declined to 153.88. After the US released up-to-date data on April inflation, the likelihood of a reduction in the cost of borrowing in the country increased markedly. Both the overall and the core consumer price...

KhalilKarimii Updated  May 20, 2024

Last week the Bank of England moved closer to cutting interest rates, but markets are divided on whether a first cut will come at the bank’s next meeting in June or whether policymakers will hold out for longer. Two official sets of employment data and two rounds of inflation figures are due before the BoE’s next meeting on June 20. The first of the two jobs...

KhalilKarimii May 16, 2024

Gold recently became extremely overbought in momentum terms against ALL major fiat currencies. For example, the following daily charts show that based on the daily RSI(14), a momentum indicator included at the bottom of each chart, gold recently became as stretched to the upside as it was at any time over the past 15 years, including at the 2011 major peak,...

KhalilKarimii May 16, 2024

The US dollar is under pressure due to mixed domestic economic data and external factors, such as China's potential support for its housing sector and a global stock market rally. Technical analysis shows a weakening trend in the dollar index, with key resistance at 105.00 and major support around 104.30.

KhalilKarimii May 12, 2024

Investors will be looking at the U.S. producer price index and consumer price index data this week for any indication that price pressures are finally easing after months of strong inflation gave rise to fears that the Federal Reserve may not cut interest rates this year. Markets got some relief earlier this month when Fed Chair Jerome Powell indicated that the...

KhalilKarimii May 12, 2024

Investors will be looking at the U.S. producer price index and consumer price index data this week for any indication that price pressures are finally easing after months of strong inflation gave rise to fears that the Federal Reserve may not cut interest rates this year. Markets got some relief earlier this month when Fed Chair Jerome Powell indicated that the...

KhalilKarimii May 12, 2024

Last week the Bank of England moved closer to cutting interest rates, but markets are divided on whether a first cut will come at the bank’s next meeting in June or whether policymakers will hold out for longer. Two official sets of employment data and two rounds of inflation figures are due before the BoE’s next meeting on June 20. The first of the two jobs...

KhalilKarimii Apr 25, 2024

The picture is bullish. Analysis name : Euro-Sterling Last close : 0.79060 0.78680 Last status id : none Last status text : Trading range. Current date : 2008-06-04 05:51:09 Current title : Direct rise. Current directionnal id : up Current directionnal text : Bullish Current reward id : good Current reward text : Good Current abstract text : The picture is...