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Gold crossed its August 2020 high due to expectations of a US interest rate cut and the cautious stance of the Federal Reserve. The Fed's comments fueled the gold rally. Gold prices were further boosted by Federal Reserve Chairman Powell's comments on the restrictive monetary policy stance. The comment led to a decrease in yields and the US dollar, favoring the...

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Due to the weakness of the US dollar, the currencies that are hounding against the US dollar, for example, the British pound, and the euro, have been able to experience good growth in the last weeks, but the British pound and its economic problems, these rallies will be short-term, and what will remain is the strength America's economy is even with the Federal...

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🖥 Trade idea 🅿️ #XAUUSD Long and Short 📉 Trade type: Day trade 📍 Fundamental Bias: Bullish 📍Trend is Bearish SELL opportunity ▫️ Entry: 1924 area ▫️ TP1: 1915 🔻 SL: 1931 BUY opportunity ▫️ Entry: 1902-1904 area ▫️ TP1: 1915 🔻 SL: 1900 Apply proper risk, 1% for your position. Enter by trigger

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EURCAD fundamental bias is bearish, but in the short term, it may push highs due to the BoC meeting on Wednesday, with expectations for a 95% hold on interest rates. July inflation in Canada rose to 3.3 percent from 2.8 percent previously and a forecast of 3 percent, while the core version was flat at 3.2 percent versus an expected decline to 2.8 percent. So a...

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Looking ahead, gold's bullish momentum seems intact and experts suggest that the next key levels could be between $1988 and $2000. The short-term outlook has changed, creating bullish sentiment for gold prices. Short-term outlook: A weaker dollar adds to the bullish outlook As a result, gold prices benefited from a weaker dollar and reduced expectations of a...

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Consumer inflation in Australia eased more than expected, according to data released on Wednesday, dampening hopes of another rate hike by the Reserve Bank of Australia next week and putting further downward pressure on the Australian dollar. Expectations of an increase in interest rates by the Australian central bank have dropped from 60% to 30% two weeks ago....

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It is still too early to talk about the formation of a price floor in the market. It is true that an ounce of gold has dropped from its historical peak of $125, but there is still no news of a price floor. It seems that the fair price of an ounce of gold is in the range of 1923 to 1945 dollars assuming US interest rate hikes in June and July. According to the...

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Fundamental View Is gold still supported? Although the ounce of gold had a rough week, falling almost $50 and experiencing its worst performance since February, we saw a bullish return to the market on Friday. One of the biggest drivers for the ounce of gold was the strengthening of the US dollar. The price of an ounce of gold has an inverse relationship...

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AUDJPY trade idea Consumer inflation expectations in Australia rose to 5% in May from 4.6% in April, the latest data showed. Earlier this month, the Reserve Bank of Australia unexpectedly raised the cash rate by 25 basis points to 3.85 percent, saying further tightening may be needed to ensure inflation returns to target within a reasonable timeframe. China is...

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NZDCAD trend is bearish. But for now, this pair is on a demand area. 0.826 to 0.830 range area, so if we want to prepare to buy this currency, we must wait for the change of this downward trend to an upward trend, in this case breaking descending channel and breaking 0.8369 level as a resistance and pullback to this level can be prepared to a buy opportunity. But...

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Fundamental View Buyers of gold in recession, or sellers of it for a stronger dollar? Volatility in the bond market and uncertainty about interest rate cuts are pushing the dollar higher, dimming the appeal of gold (XAU). Last week, the recovery of the US dollar affected the price of gold (XAU) and put pressure on gold. Because market participants assessed the...

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After a 1% decrease in the previous days, gold rose to about 2013 dollars due to the depreciation of the dollar on the eve of the release of key US inflation data. Traders now know that the Federal Reserve is 70 percent likely to raise interest rates by another 25 percent in May. Data released last week showed US employers continued to hire at a strong pace in...

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Fundamental View Gold is still under buying pressure but it is at an important level In the past week, gold was fixed above 2000 dollars. This consolidation was done right above the HKEX:2000 and TSE:2002 area. Important and psychological area. The momentum is still bullish and can rise again to its historical high. We mean the area of 2060. But this price...

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GBP/USD needs balanced GDP data to climb. The pound has been positive for several months, benefiting from the surprising economic strength of the UK. On the other hand, the US dollar has fallen behind, but the recent concerns about the global economy have moved the flows towards the safe dollar. Markets are mostly bearish today, with the only catalyst for their...

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Weekly gold Analysis Fundamental View: Gold Growth stopped at a strong level of $2000 Last week, we mentioned the buy sentiments of gold as a safe-haven asset. Now that the market has priced banking crises what are the gold movement drivers? Recession, yes fear of stagnation is remain. Fear of recession in the global economy remains and now the gold buyers...

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This pair, seams change its direction to the long. retracement on lower prices could be a great opportunity to enter new long position with nice win rate ratio. 95.9 and 94.8 is our main support levels.

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EUR/JPY braked the 142 area to the higher prices. Further upside seems likely in the short term but it would be good to wait and take a short in higher prices around 144.5 this area is a big short zone that seam was a sell block zone. with better risk/reward you can sell this asset

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Fundamental View At any time in history, if any risk enters the market, traders turn to safe areas to protect their assets. In the past few months, gold has been the best safest place for all financial risks. From recession to financial crises and recently banking problems. As a result, traders withdraw their assets from banks and keep them safe in gold. In the...