rTrader_official

rTrader_official

Fundamental Analysis: my analysis of the Canadian market indicates that the country is performing exceptionally well in terms of preventing inflation. Canada has implemented high interest rates which have been effective in regulating inflation. In addition, I have observed several positive signs for the Canadian economy, including positive core retail figures and...

rTrader_official

"DXY " it is my professional opinion that the US market has entered an emotional phase following the recent bankruptcies of two prominent US banks. However, despite this setback, there have been some relatively positive developments in the market over the past month. For instance, we witnessed a decrease in PCE which is a strong indication of a slight decline in...

rTrader_official

I have been closely monitoring the current bullish momentum of the XAU/USD currency pair. One of the key factors contributing to this trend is the ongoing weakness of the US dollar, which has been weakening due to economic concerns in the USA. Despite the US maintaining high interest rates, investors are increasingly turning to other safe-haven assets such as gold...

rTrader_official

Hello Traders, as you can see price supported on major demand zone., I think it should continue to goes up to 133 then follow Bearish Structure... ( Don't forget USD is still weak in the market after some bankrupt news and concerns about USA economic such as negative leading indicators) "distribution of $ will continue" Targets: 133 ( correction)...132....

rTrader_official

Hello traders, I closely monitor the various indicators that impact the value of currencies, such as the USD. The recent negative news releases for durable goods and PMI, coupled with the aftermath of bank bankruptcies in the USA, have significantly impacted the USD index's value. From my perspective, investors remain concerned about the overall macroeconomic...

rTrader_official

while Feds increased another 25bps for interest rates, I think DXY will drop more... but why? the only reason is that the Fed's decision to raise interest rates is not made in isolation, but in response to broader economic conditions. If the Fed raises interest rates in response to inflation, for example, this could be seen as a negative for the U.S. economy and...

rTrader_official

XAU/USD, which represents the price of gold in US dollars, has recently shown signs of strength in the market. Last week, we witnessed a strong bullish momentum, which indicates a continuation of the upward trend for this asset. This trend was expected after the news of the bankruptcy of two American banks, as gold is often seen as a safe-haven asset in times of...

rTrader_official

XAU/USD (Gold) has reached a major resistance level on the daily timeframe, and there is a bearish divergence on the 4-hour chart at this level. The trader predicts that the price is likely to make a false break at the resistance level and drop, with confirmation if the price breaks and closes below the key support level of 1887 or lower. Targets:1887,...

rTrader_official

Fundamental Analysis: I would first examine the economic indicators for both the United States (USD) and the United Kingdom (GBP). Based on the data provided, the US appears to have a stronger economy than the UK, with a higher GDP growth rate and lower unemployment rate. However, the UK has a higher inflation rate, which could potentially lead to the Bank of...

rTrader_official

Fundamental Analysis: I would first examine the economic indicators for both the United States (USD) and the Eurozone (EUR). Based on the data provided, the US appears to have a stronger economy than the Eurozone, with a higher GDP growth rate and lower unemployment rate. However, the Eurozone has a higher inflation rate, which can be a cause for concern as it may...

rTrader_official

Fundamental Analysis: I would take into account a variety of factors including GDP growth rate, unemployment rate, inflation rate, and balance of trade. The US has a relatively strong GDP growth rate of 2.7% compared to Japan's 0% growth rate. The US unemployment rate of 3.6% is higher than Japan's 2.4% rate, which suggests a slightly weaker labor market in the...

rTrader_official

Despite the negative news surrounding the Producer Price Index (PPI) and the struggling retail sector, there has been a notable absence of bearish activity in the Dollar Index (DXY). This suggests that the Federal Reserve is intent on maintaining the weight and value of the USD in the market. If the price consolidates above current levels, we can anticipate a...

rTrader_official

Fundamental Analysis: I would interpret the provided economic indicators to suggest that the Canadian dollar (CAD) has stronger fundamentals than the Euro (EUR) at present. While both countries have a stagnant GDP growth rate, the Canadian economy has shown resilience due to its robust exports to the US, particularly in the context of the post-pandemic...

rTrader_official Updated 

important news: Despite signs of inflation picking up in the US, the recent collapse of SVB has been cited as one of the main reasons for the drop in the DXY, which traders had been waiting to see bullish; however, there are hopes that the Federal Reserve's plans to strengthen the currency's value may help it recover. Fundamental Analysis I would like to analyze...

rTrader_official

Technical Analysis: "As you can see, the price experienced a strong bearish candle due to the bankrupt news of SVB on Friday. I think that after the USD stabilizes, it will get stronger again, and the price can reach the nearest strong support and then reach the previous high (HH) again." "Don't forget to like" . . . . . . "Thanks for giving your time to read my article."

rTrader_official

Technical Analysis: s you can see, the price experienced a huge drop due to the DXY's decline, as reported by SVB news, which made XAU stronger in terms of demand. I believe that after a small retracement, the price should reach my target Targets:1900.1918,1947 "Don't forget to like" . . . . . . "Thanks for giving your time to read my article."

rTrader_official

Fundamental Analysis: Whilst the UK's GDP grew marginally by 0.3%, falling short of expectations, the country's 10.1% inflation and 3.70% unemployment rates continue to pose challenges. In contrast, the United States has experienced stronger GDP growth, lower inflation at 6.4%, lower unemployment at 3.60%, and higher interest rates, signaling a stronger economic...

rTrader_official

Fundamental analysis: Despite Eurozone experiencing a high inflation rate of 8.5% and unemployment rate of 6.7%, the European Central Bank remains hawkish, while the United States economy, with its 2.7% GDP growth, 6.4% inflation rate, 3.60% unemployment rate, and 4.75% interest rates, continues to outperform the Eurozone, which could lead to an increased demand...