Following the release of negative Non-Farm Payrolls (NFP) rates, the Dollar Index (DXY) has experienced a lackluster rebound, indicating investor skepticism. Despite this, consumer confidence and Purchasing Managers' Index (PMI) remain in contraction, underscoring ongoing economic challenges. The combination of these factors suggests that the dollar has not...
Fundamental Analysis: JPY is experiencing inflation around 3.2%, which might raise concerns in some economies. However, Japan has been maintaining negative interest rates without apparent worries. This suggests that they are taking measures to support their economy while keeping exports competitive in the global market. Additionally, the positive trade balance...
Fundamental view for DXY shows evidence that the second scenario, where the decrease in the Consumer Price Index (CPI) became true, it has significant implications for the US economy. The noteworthy drop in inflation to 2.9% that give us signals for change the monetary policy by Feds. This decline suggests potential weaknesses in the economy, prompting a more...
Fundamental Analysis: the fundamental analysis for GBP/USD suggests that BOE is likely to adopt a hawkish stance on interest rates, following similar actions by Feds and ECB. This response is driven by high inflation in the region, which may be further exacerbated by political tensions, especially in the food sector. However, despite this potential inflation...
Fundamental Analysis: The recent hawkish stances taken by both the Federal Reserve (Feds) and the European Central Bank (ECB) on interest rates have created a notable impact on the EUR/USD pair. This has sparked concerns about inflation in Europe, especially due to some tense political events in the region. The inflation situation in both economies has shown...
The price of XAU/USD appears to be in a consolidation phase, showing limited movement as the global economy grapples with mixed signals for the future. However, there are several negative economic factors at play that could potentially fuel another bullish wave for gold prices. Climate change effects and rising inflation in many countries are causing concerns...
Fundamental Analysis: the recent CPI news has had a significant impact on the DXY, leading to a notable distribution sentiment among investors. However, despite this development, inflation rates in the European zone have not decreased, remaining at 5.5%. In response, policymakers might adopt a hawkish approach and maintain interest rates to curb aggregate demand....
Fundamental analysis: The recent release of CPI news has had a significant impact on the GBPUSD pair, resulting in a notable distribution sentiment among investors. However, despite this distribution, inflation remains at a high rate of 8.7% at UK. Given this, I believe the Bank of England (BOE) may adopt a more hawkish approach to combat deflation. Currently,...
OANDA:XAUUSD Can climate change impact the future price of gold? Let's review some reasons why gold may slowly increase after climate changes raise significant concerns. [ Analyzing the Impact of Climate Change on Gold (XAU) Prices Gold (XAU) is a renowned safe-haven asset that has captivated the attention of investors and analysts. While the factors...
All JPY pairs from a technical standpoint, the price has experienced a significant bullish surge. As a result, a retracement movement can be anticipated in these areas. It is advisable to seek confirmation before entering any trades. "Stay disciplined and patient" "Keep analysis simple and concise" "Have a risk management strategy" "Trade with a clear mind"
After analyzing the impact of the NFP news on the DXY, two potential scenarios emerge. 1) The first scenario considers the positive effect of the higher AHE (Average Hourly Earnings month-on-month) on consumer spending in the U.S. economy. This, in turn, could lead to a positive CPI, indicating potential economic growth. Moreover, the previous GDP growth rate of...
EUR/USD price is ranging at zone. Currently, the price is approaching a significant support level. Notably, the market has formed a range zone bounded by key price points at 1.1000 and 1.08300 . This suggests a phase of accumulation in preparation for a potential extension to the upside. Therefore, I expect a breakout of this range, accompanied by an...
The EUR/USD exchange rate recently experienced a significant bullish surge, breaking through the prevailing trend following the release of the Non-Farm Payrolls (NFP) report for the USD. This notable development has generated a strong belief in the market that the price will continue its upward trajectory and reach higher highs (HH) around the 1.11 level. The NFP...
Fed pauses rates, while BOE remains hawkish. Despite no waiting period for BOE's interest rate decision, GBP/USD continues strong bullish trend due to USD strength. Technical analysis suggests further upward movement towards targets, supported by diverging monetary policies between the Fed and BOE. Expect continued bullish momentum in GBP/USD. Targets: 1.28, 1.29, 1.29758
Fundamental Analysis: it is evident that the Japanese yen (JPY) is experiencing a period of weakness, partly influenced by decisions made by the Bank of Japan (BOJ). The BOJ's decision to refrain from increasing interest rates to positive levels despite the gradual decline in inflation in Japan has contributed to this weakening trend. However, it is crucial to...
All JPY pairs from a technical standpoint, the price has experienced a significant bullish surge. As a result, a retracement movement can be anticipated in these areas. It is advisable to seek confirmation before entering any trades. "Stay disciplined and patient" "Keep analysis simple and concise" "Have a risk management strategy" "Trade with a clear mind"
The price of XAU (gold) has been exhibiting bearish movements due to low demand compared to previous periods. However, this does not guarantee a sustained bearish trend. It is possible for the price to reach around 1800, as per previous targets, but global events or negative economic factors could reverse the bearish sentiment and make XAU bullish again. From a...
USD/JPY has experienced significant bullish movements due to the Bank of Japan's negative interest rates amid high inflation. With a bank holiday in the USA on Monday, there is a chance of decreased liquidity for the USD, providing an opportunity for JPY to pause and potentially initiate a retracement. "Take small risks for these retracement because JPY is...