TheAnonymousBanker

TheAnonymousBanker

Gold prices rise in early European trade after sliding in the previous session, with investors awaiting U.S. payrolls data for more insights on the Federal Reserve's next policy move. Futures trade 0.5% higher at $2,764.00 a troy ounce following a 2% fall on profit-taking and increasing bets that the U.S. central bank will take a more cautious approach to rate...

TheAnonymousBanker

Hi Traders| Gold remained above $2,780 per ounce on Thursday, holding at record levels due to increased demand for safe-haven assets amid uncertainties surrounding the US elections and geopolitical risks. Markets are also evaluating the latest US economic data, which shows a 2.8% annualized GDP growth for the third quarter, slightly below the 3%...

TheAnonymousBanker

Hi Traders! Gold futures are up 0.6% at $2,793.50 a troy ounce after hitting a fresh record of $2,801.70 an ounce earlier in the session. The new high reflects safe-haven demand, boosted by uncertainty around the U.S. election, says Vivek Dhar, analyst at Commonwealth Bank of Australia. The growing likelihood of a Trump presidency has likely played a role too....

TheAnonymousBanker Updated 

Hi Traders! Gold futures rise 0.3% to $2,763.30 a troy ounce. The precious metal is close to its all-time high of $2,772.60/oz, set on Wednesday. Gold is maintaining its strength despite rising U.S. Treasury yields and slightly easing geopolitical tensions, says Pepperstone research strategist Dilin Wu. The driving force appears to be bets on a potential Trump...

TheAnonymousBanker

Hi Traders! Gold prices rose early on Thursday as the dollar weakened ahead of next week's expected Federal Reserve interest-rate cut. Gold for December delivery was last seen up US$19.70 to US$2,562.10 per ounce. Hopes among gold bulls that the Federal Reserve's policy committee would offer 50 basis point rate cut at the end of its two-day meeting next Wednesday...

TheAnonymousBanker Updated 

Hi Traders! The Australia dollar held its recent decline to around $0.676 as the greenback strengthened on the latest US inflation reading which prompted traders to pare bets on an aggressive Federal Reserve rate cut. Markets now await a crucial US monthly jobs report this week as the Fed's attention moves from inflation to the labor market. Domestically,...

TheAnonymousBanker

Hi Traders! Crude oil prices declined on Tuesday due to demand concerns driven by weak economic growth in China, the world's biggest crude importer. Brent crude fell 1% to US$76.77 per barrel and West Texas Intermediate crude lost 0.1% to US$73.50/b at last look early Tuesday. Demand concerns offset impacts of the production and export halt at Libya due to a...

TheAnonymousBanker

Hi Traders! the euro dipped 0.2% against the dollar to $1.1050, It has fallen 1.3% this week, on track for its largest weekly loss since April. The euro, however, rose 2.1% in the month of August, for its best monthly showing since November 2023, with the European Central Bank still on track to lower interest rates again next month. The single currency fell to a...

TheAnonymousBanker Updated 

Hi Traders! As we showed in our last analysis (see chart below), the pair had formed a Reversal Pattern on both daily chart and intraday chart confirming the bullish trend in play. That said, from a technical point of view we also have a bullish harmonic structure on weekly chart with a potential Target around 1.1065. If our analysis is correct, we should wait for...

TheAnonymousBanker Updated 

Hi Traders! Gold prices rose to a record early on Friday as the dollar and yields fell on firming expectations the Federal Reserve is ready to begin lowering interest rates as U.S. inflation eases. Gold for December delivery was last seen up US$27.40 to US$2,519.80 per ounce, topping the record high of US$2,507.80 set on Tuesday. The rise follows on economic data...

TheAnonymousBanker Updated 

Hi Traders! If we look closely at Daily Chart, the @eurusd pair could form a very interesting Reversal Pattern in the short term. From a technical point of view an Engulfing Pattern could appear with a minimum Target around 1.087 area (see chart below), but if this will work correctly as a “reversal” the projection could be even more interesting. That said,...

TheAnonymousBanker Updated 

Hi Traders! On the daily time frame NASDAQ:AAPL has completed an important bullish structure and it is currently working on a corrective structure on the intraday chart. That said, in our view, Apple will trigger a bullish corrective structure in the near term, with ABC Pattern or a harmonic structure. With this in mind, our view is bullish with “Buy The Dip”...

TheAnonymousBanker Updated 

Hi Traders! The Trend returned to bullish on the daily chart and our setup worked correctly reaching Target 1 around 102.00 area (see chart below). That said, if Litecoin manages to hold the supports shown on the chart, we still expect an interesting bullish continuation with our new Target 1 around the 130 area. With this in mind, we do not rule out some...

TheAnonymousBanker

Hi Traders! XRP Coin has not yet experienced the splendor like other Cryptocurrencies, and this is certainly one of the reasons why we are following Ripple, the second reason, and maybe the most important one, is attributable to the technical structure on the daily chart. A few weeks ago we published a potential bullish harmonic structure on the 8H chart (see...

TheAnonymousBanker Updated 

Hi Traders! The Trend is absolutely bullish on the daily chart, but at the same time, we are approaching a very important resistance area, so we cannot exclude some pullback in the short term. From a technical point of view, on the daily chart the pair could trigger a Reversal Pattern (3 Drives), but to work correctly the price should not rise too much above the...

TheAnonymousBanker Updated 

Hi Traders! During yesterday’s session we saw strong bearish pressure on the EURUSD pair in stark contrast to our view. Having said that, the trend has returned bearish on the intraday chart, but during today’s session we do not rule out a reversal or at least a technical bounce, let’s see what will happen during the last weekly session. If this does not happen...

TheAnonymousBanker Updated 

Hi Traders! From a technical point of view, the trend is still bullish on the intraday chart and the pair should trigger a new Top in the short term. Having said that, it is currently unclear how GBPUSD will develop the next swing, it could be an ABC or ABCDE Pattern as shown on chart. Most likely, tomorrow's session will be our main driver. Trade with care Like...

TheAnonymousBanker Updated 

Hi Traders! Important Tops were reached in the short term and we cannot exclude the completion of the bullish cycle, having said this, it could be interesting to continue following the pair on the intraday chart, because something like a corrective structure seems to appear. As we showed on the 1H chart, if there is a deep pullback or if the bearish corrective...