Most Asian currencies traded slim on Monday, even as the greenback steadied close to a two-week excessive as cognizance became to a sequence of vital financial institution meetings, mainly are the Bank of Japan and the Federal Reserve. Strong US inflation readings from final week left investors cautious of any tightening stance from the Fed, even as wonderful...
GBP/JPY rallied and dipped before recovering to the midrange on Thursday, spinning in place near the 189.00 handle as Guppy traders look for movement from the Bank of Japan (BoJ). The BoJ is expected to lift interest rates out of negative rate territory after the Japanese central bank widely telegraphed earlier in the year that high wage increases from spring wage...
Gold price (XAU/USD) attracts some dip-buying on Friday and reverses a major part of the previous day's slide back closer to the $2,150 level, or the weekly low. Despite the hotter-than-expected US Producer Price Index (PPI), the markets are still pricing in a greater chance that the Federal Reserve (Fed) will start cutting interest rates in June. This is...
EUR/USD broke below the ascending regression channel and the Relative Strength Index (RSI) indicator on the 4-hour chart dropped below 40, highlighting a buildup of bearish pressure. On the downside, a strong support area seems to have formed at 1.0870-1.0860, where the 100-period Simple Moving Average (SMA) meets the Fibonacci 38.2% retracement level of the...
💎 Attention, Paradisers! #ROSEUSDT is making waves, closely adhering to the $0.14161 support level, paving the way for a bullish surge. A successful validation of this support could lead to a decisive upward move, breaking through higher resistance barriers. 💎 However, if #ROSE's ascent begins to lose steam and it falls beneath the $0.14161 support, our gaze will...
💎 TRB has recently shown significant market dynamics, with potential for a retest of the bullish order block (OB) area before a significant breakout from the descending channel. 💎 However, if TRB breaks the pattern without first retesting the bullish OB area, it could still continue its upward movement and potentially reach our target strong resistance area. 💎...
💎 Paradisers, get ready for a significant move with #ARBUSDT. It's edging closer to a previous resistance, signaling a potential bullish path ahead. If it can turn this resistance into support with a successful retest, expect a vigorous surge past the $1.5704 mark. 💎 On the other hand, should #Arbitrum's climb stumble and it falls below the $1.5704 mark, we'll...
Gold futures price for delivery in April 2024 on the Comex New York floor decreased by 6 USD, equivalent to a decrease of 0.28%, to 2,161.5 USD/ounce. Information from central banks will take center stage this week, with interest rate decisions due from the Bank of Japan and Reserve Bank of Australia on Monday, the US Federal Reserve on Wednesday, Bank of England...
Bitcoin halving is only 35 days away. as shown in the 2w chart after the halving bull run get started. this was repeated over a period of about 12years , even with the difference in price behavior in each bull market. so any dips is a chance to accumulate more. up only imminent , just a matter of time. Dont forget to support us with ur like, comet and follow...
FX:XAUUSD is updating the global maximum. The distribution stops. The market goes into correction state. But, what is also interesting, a setup is forming on the chart, foreshadowing a support breakout. Let's briefly discuss the current situation in gold, without a long rant. The upcoming week is full of news. FED & FOMC meetings and Powell's speech are the...
Hello 👋 it's me your RAJ 🙂 professional trader ✨ This idea 💡 is completely my own analysis to explain situation _&_ market conditions of BINANCE:IDUSDT 🪙 How this coin valid for long term 📌 explained clearly BASED on history 🤪 & #TA 📌 #DYOR Note 👉 coin 🪙 have potential High risk 🔥 $0 to hero 😂 😆 Present circulation supply was 413M by the end of 2025 , it...
According to Kitco News` weekly gold survey outcomes, specialists are not constructive approximately the possibility of gold expenses withinside the brief term. Meanwhile, retail investors nevertheless forecast that gold expenses will preserve to growth this week. Last week, eleven analysts participated in Kitco News's gold survey. As a result, almost 75% of Wall...
💎 REEF has recently exhibited significant market dynamics. Currently, it has bounced after retesting the demand area around $0.00316. 💎 If this bounce holds, it's probability that REEF will resume its upward movement and retest our target area. 💎 However, if REEF fails to maintain this support area and breaks down below $0.00316, it could signal a bearish trend...
ICP looks very strong from a technical perspective. We can see that we have started this whole uptrend with an impulse wave 12345, which is very good to see if you are an Elliott Wave trader. We are now in a corrective phase, and usually we want to see a liquidity sweep below the previous wave (4). In this case, below 8.5 USDT - that would be a great level to buy...
price took longer than expected to deliver the price we wanted to see but we got it. This contract is expired but it ran down to the17832.50 that we called last week. i have no bias at the moment i want to see price go down but we have a 4HR FVG want to see if it will show resistance
Since the beginning of this year, until last week, the markets were certain that inflation is on the down-path and that the Fed might cut interest rates somewhere in May this year. However, the February inflation data made the markets rethink their initial assumptions. The inflation seems to be more persistent than initially estimated, in which sense, the rate...
The US inflation data were the major input for the markets during the previous week. As inflation showed to be a persistent one, the investors were correcting their previous assumptions related to timing of the first Fed's rate cuts during the course of this year. As USD was gaining in value, the price of gold experienced its corrective moves. The price of gold...
Inflation data published for the US during the previous week are showing that the inflation is a bit more persistent than previously expected, in which sense, the market is anticipating that the Fed might cut rates later during this year. The fear of inflation has pushed the US equities market to the lower grounds as of the end of the previous week. The S&P slowed...