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Gold prices remained relatively unchanged on Wednesday, with XAU/USD hovering around $1,980.00. The financial market is in a wait-and-see mode ahead of the Federal Reserve's monetary policy announcement, the final one for 2023. Back in September, the Summary of Economic Projections (SEP) or dot plot indicated officials still projected a final rate higher than the...

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Silver prices (XAG/USD) are experiencing a significant decline, approaching the $22.00 mark, driven by signals from Federal Reserve (Fed) Chair Jerome Powell and colleagues indicating a willingness to implement additional interest rate hikes in pursuit of a more restrictive monetary policy stance. Jerome Powell's recent statements, affirming the Fed's readiness...

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Bitcoin (BTC) is showing weakness ahead of the Federal Open Market Committee (FOMC) meeting scheduled for December 13. Federal Reserve Chairman Jerome Powell is expected to provide an economic forecast summary after the release of the Consumer Price Index (CPI) data, indicating that inflation in the U.S. has decreased to 3.1%, aligning with market...

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Gold prices traded within a narrow range during the Asian session on Wednesday, hovering around $1,980, just above the three-week low touched on Monday. The precious metal saw a slight increase on Tuesday after the U.S. released consumer inflation data. Gold prices remained relatively unchanged on Tuesday, with XAU/USD fluctuating around $1,980.00. The U.S. Dollar...

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While Himino's speech is a crucial assumption for monetary policy and the longstanding dilemma regarding wages and prices, his journey is a speculative adventure on how the concept of Wages/Prices can depart from what he calls a frozen state. Next are deeper insights into how Himino perceives and examines wages and prices in relation to Japanese households,...

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The EUR/USD pair is trading in a narrow range around 1.0760 at the start of the Asian trading session on Tuesday. Traders prefer to stay on the sidelines ahead of key events in the US and the Eurozone. The pair is hovering around 1.0764, unchanged for the day. The EUR/USD exchange rate is trading near the 100-day Simple Moving Average (SMA). On the daily chart,...

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Content: Bitcoin is experiencing its most significant drop in nearly a month, catching the market off guard on Monday, shattering the optimism, also known as "hopium," for continued price growth until the SEC approves the BTC spot ETF in January 2024. However, the sudden market downturn has left investors surprised, leading to this optimism being shattered,...

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Spot gold continues its downward slide on Monday, dropping below the $2,000 threshold and easing into the nearby range of $1,980 as the market gears up for new inflation data with the US Consumer Price Index on Tuesday. XAU/USD has seen sharp declines for two consecutive days, signaling potential for an extended downtrend. Technical indicators on the daily chart...

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Gold prices are extending their trading range into the fourth consecutive day on Friday as investors exercise caution ahead of the highly anticipated US Non-Farm Payrolls (NFP) data scheduled for later in the day. The US NFP report could provide fresh impetus for gold prices. Currently, gold is oscillating without clear direction as traders refrain from making...

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EUR/USD faced significant downward pressure, dropping to its weakest level in three weeks below 1.0750 on Friday following a stronger-than-expected Non-Farm Payrolls (NFP) report. However, weekend flows helped the currency pair recover some daily losses. The Relative Strength Index (RSI) on the 4-hour chart is higher but remains below 50, indicating a lack of...

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Gold broke below the daily range, dropping to $2,010 after the optimistic US job report. While XAU/USD attempted a recovery to $2,020, rising US bond yields triggered another price decline. Observing the daily chart, Gold formed higher lows after a volatile Monday session, indicating potential for a new uptrend. The Relative Strength Index (RSI) in 14 days is...

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Bitcoin has frequently been compared to Gold over the years. Initially deemed a "safe haven" similar to Gold, analysts are currently evaluating these two investments to determine if Bitcoin meets the criteria as "Gold on steroids." Relative returns are adjusted for the risk of Bitcoin compared to Gold. Over the past 5 years, up to November, Bitcoin's Sharpe Ratio...

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Bitcoin price faces potential decline Bitcoin is currently trading at $43,241 after failing to surpass the $44,500 level, leading to minor adjustments. While broader market prospects suggest an upward trend at the time of writing, the short-term picture leans slightly towards a downward trajectory. This is evidenced by the Moving Average Convergence Divergence...

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Gold set a new all-time high this week at $2,144.48 in a strong rally on Monday, and XAU/USD spent the rest of the week trading above $2,000 after easing from Monday's opening surge. The focus now turns to the US NFP data to provide new directional momentum. Observing the daily chart, Gold has established higher lows after a volatile trading session on Monday,...

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In the 24-hour perspective, the EUR dropped to 1.0827 last Friday before rebounding and closing relatively unchanged at 1.0881 (-0.05%). As highlighted on Monday, although selling pressure seemed to ease, there was a possibility for the EUR to decline to 1.0810 before a potential sustained recovery. In New York trading, the EUR dipped to 1.0802 before staging a...

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Based on daily chart observations, the Gold price maintains its upward trend as the 14-day Relative Strength Index (RSI) retreats from the overbought region while staying above the midpoint. This suggests a potential continuation of the upward movement. The Golden Cross, marked by the crossover of the 50-day Simple Moving Average (SMA) and the upward-trending...

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The cryptocurrency analyst behind the handle X @rektcapital has evaluated the Bitcoin price trend and predicts that BTC could return to the $45,000 level before the fourth halving event, expected to occur in April 2024. The analyst notes repetitive trends in the past three cycles and anticipates a pullback to the $42,000 level after BTC reaches $45,000. The...

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Gold prices experienced a sharp decline from record highs, falling below $2,100. Several factors contributed to the recent surge in gold prices, driven by increased safe-haven demand following new political risks emerging between Yemen and the U.S. over the weekend. The U.S. military reported that Yemen's Houthi rebels fired ballistic missiles and attacked three...