GOLD ----------- Buy stop - 2360.55 S/L - 2355.40 T/P - 2369 / 2372 Cheers
GOLD ----------- Buy stop - 2360.55 S/L - 2355.40 T/P - 2369 / 2372 Cheers
Fundamental------ Gold price seems to be looking up again after a week of profit lock mode, It seems like after reaching all the time high the price headed down with the conflict between Iran-Israel war as well as the uncertainty of reducing Fed rate due to higher economical data. On Thursday the Gross Domestic Product ( GDP ) came out 1.6% which less than...
Nasdaq-100 dropped almost 2% that's a 6th straight loosing days as the NVIDA drooped 10% due to Shares of the AI chip leader got swept up in a broader AI sell-off after one analyst noted that Super Micro Computer failed to report preliminary revenue that indicates a doubt of its future result. Also Netflix (NFLX) dropped over -6% in pre-market trading despite...
Fed march rate-cut hopes fading with the NFP data popped up way more higher than expected , on the top of that PMI data reached higher than expected putting icing on the cake US 10 year bond yield bounded back from 3.77 to 4.11% currently , I do expect DXY to move higher with another breakout .
EUR/USD Outlook for the next week EUR/USD seems to have changed its direction to bearish. We can clearly see that the pair failed to cross above the 1.10 level. Fundamentally, the ECB seems to have kept a step up ahead of the FED, saying it is mostly likely to reduce borrowing costs in the summer, while the US economic data shows some strong momentum, dimming...
EUR/USD Outlook * CPI ( MOM) came higher than expected 0.1% . * US Jobless Claims and the NFP came up strongly. The ECB seems to have stopped its rate tightening as ECB has clearly highlighted that the Euro zone economy has been weaken. Note - Looking at ECB and FED , there is a high chance that the ECB will start its rate cutting way more earlier ...
EUR/USD has tapped its extreme demand level before it headed up , Looking at the monthly time frame, It seems like the pair is ready to break higher.