GBPJPY buy still hold for movement bullish In the bigger pictures Up trends from low is in progress Medium term outlook will stay bullish as long as support holds Next target is long term resistances
Forexpower
Gold that's time is in confusing bear and bull where to goLondon’s gold price benchmark hit an all-time high of $2150.03 per troy ounce at an afternoon auction on Monday
“This rally in gold was triggered by the softer-than-expected U.S. data and the pullback in real rates... but there has been a general bias to buy dips and a positive underlying investor sentiment towards gold that has also made the market vulnerable to the upside
Gbpusd buy mostly bullish The GBP/USD pair continued to rebound after the latest UK GDP numbers showed that the economy returned to growth
EURUSD buy opportunity still bullish EURUSD Jerome Powell hinted that the Fed was convinced that inflation was still bullish and that The bank was hopeful that it would start cutting rates later this year
Btcusd buy opportunity strong bullish I am happy to hold a long position and I think it is wisest to look for long trades. Two consecutive higher hourly closes above the all time high of $73054 could be a good entry
signals
Xauusd buy strong Markets got overexcited by Powell’s comments, providing bullish investors with a reason to drive XAU/USD upwards. However, the picture has begun to change over the past few sessions, with a new storyline unfolding in the wake of disappointing consumer price data, revealing a stark reality: progress on disinflation is stalling and possibly even reversing
Dollar back to fall now it's going to big down read the caption In contrast, the well-known hawk Klaas Knot mentioned June as the most likely meeting with another two cuts favoured in September and December but also opened the door to cuts before June if the data justifies the need for one. Closer to the center of the spectrum, Villeroy and Wunsch communicated a cautious approach ought to be adopted and the governing council needs to be vigilant on inflation but ‘victory is within sight’ - Villeroy.
Btc structure dump and pump read the caption BTC hit 67000 but another target 90000
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Gold next all time high fix to 2250 read the caption The U.S. dollar index headed for its largest weekly gain since mid-January, making gold more expensive for overseas buyers.
“We increase our average gold price forecast for 2024 from $2,095/toz to $2,185/toz, targeting a move to $2,300/toz by year-end,” Goldman Sachs wrote in a note
Usdjpy should buy here a opportunity read the caption Usdjpy that continues to see a lot of upward pressure due to the interest rate differential between the United States and Japan. I think that continues to be the story here. And therefore, you need to look at it through the prism of a market that is going to take advantage of that. I think you continue to get paid to hang onto this pair. And I think most big traders are looking at it as well in that light
Usdcad ready to fly buying level read the caption The USD/CAD pair builds on the previous day's strong move up and climbs to a one-and-half-week high, closer to mid-1.3500s during the early part of the European session on Friday. Crude Oil prices stand tall near the YTD peak in the wake of a sharp decline in US inventories, drone strikes on Russian refineries and a rise in energy demand forecasts. This, in turn, is seen underpinning the commodity-linked Loonie and acting as a headwind for the currency pair. The downside, however, seems cushioned amid a modest US Dollar (USD) uptick
Audusd expected buy more read the caption The price then topped out at around $0.6652 a couple of days later, and then went on to print lower resistance at $0.6633 with the price consolidating between there and $0.6591
The price action looks very flat, and it is hard to see the next major directional move. I do not have a directional bias.
I see the best approach here today as scalping reversals from any key level. However, we may see more volatility in this currency pair after the US data releases get underway when New York opens
Gbpjpy fall back hit the bottom read the caption GBP/JPY saw a thin rally on Wednesday, testing into 189.53 before wrapping up the midweek trading session near the 189.20 handle. The pair is cautiously recovering after an early-week dip into the 188.01 handle.
The Bank of Japan (BoJ) continues to wink at the possibility of ending the negative rate regime. BoJ Governor Kazuo Ueda nodded at “tweaking negative rates” early Wednesday, as the BoJ prepares to place the burden of the final decision on the shoulders of spring negotiation
Nzdusd wants t more buy go ahead read the caption Nzdusd to cut rates just two times this year and decrease the chance of easing policy in June. Investors have priced in 75% odds of a 25 basis points (bps) rate cut in June, down from 94% at the beginning of the week. The Fed is anticipated to keep the benchmark rate steady in the 5.26%–5.50% range in the March policy meeting next week. The Fed wants to see more evidence that recent disinflation progress is sustainable before starting
Gold again record making move to 2200 read the caption Spot gold gained 0.7% to $2,172.88 per ounce. U.S. gold futures rose 0.5% to $2,176.60.
The dollar index was down 0.1%, making gold cheaper for overseas buyers.
“The situation for gold bulls right now is a win-win, if Fed cuts rates, gold jumps substantially, if they don’t cut rates, there will be concerns on inflation that could push gold higher,” Bob Haberkorn, senior market strategist at RJO Futures, said, adding that gold’s upside today shows buying on dip
Gbpusd don't leave uptrend read the caption The GBP/USD retreated sharply and then bounced back after the important UK and US economic numbers. It dropped from last week’s high of 1.2892 to a low of 1.2744. It then rebounded to a high of 1.2786 ahead of key UK GDP numbers.
The GBP/USD pair reacted to the mixed economic numbers from the UK. In a report, the Office of National Statistics (ONS) revealed that the country’s unemployment rate rose from 6.8% in December to 3.9% in January
Eurusd bullish trend read the caption EUR/USD continues its steady decline into midweek after the release of higher-than-expected inflation data from the United States (US) reduced the chances of an early interest-rate cut from the Federal Reserve (Fed).
The pair is trading in the 1.0922 at the time of publication, down from the last major peak in the 1.0981 s on Friday
Gbpusd push up More than expected read the caption The Bank of England will be keeping a close eye on the employment release. The BoE meets on March 21 and Governor Bailey has eased up on his pushback against rate cut expectations. If Tuesday’s employment numbers are stronger than expected, it will likely raise the odds of a rate cut later this year.
In the US, Friday’s employment release was a mix. Job growth remained strong as nonfarm payrolls rose 275,002 easily beating the market estimate of 200,000 and the downwardly revised 229,001
Gbpusd dropping level read the caption the GBPUSD experienced an upward movement, driven by a wave of dollar selling in response to lower interest rates. However, the pair's momentum encountered resistance at a key technical level—the 200-bar Moving Average (MA) on the 4-hour chart. This same MA had previously halted the pair's advance a week ago, leading to a decline in price. The fact that this level has now twice acted as a barrier underscores its significance for future trading. A sustained position below this level would indicate that sellers are maintaining control. Currently, the 200-bar MA is positioned at 1.2661 and is trending downward
Gold cross all time high new all time will touch 2300 (caption)Gold set a record peak of $2,194.98 for the fourth straight day on Friday after data signaled a cooling U.S. labor market.
“With large speculators having increased net-long exposure at their fastest weekly pace in 3.4 years last Tuesday, gold is clearly in demand and not a market to short for any length of time whilst traders expect Fed cuts,” City Index
COMEX gold speculators raised their net long positions by 63,017 contracts to 131,061 in the week ended March 5, data showed on Friday.
Prices will simply consolidate at lofty levels heading into consumer price inflation, or CPI, data for February, due on Tuesday, as that is likely the single biggest driver of gold prices this week,
Triangle always make bullish trend audusd read the caption risk complex, motivating AUD/USD to put the 0.6601 support to the test at the beginning of the week following Friday’s fresh two-month peaks around 0.6670
In the meantime, the continued decline in US yields across various timeframes appears to have met some contention and moved into a consolidative theme, always on the back of ongoing speculation regarding the Federal Reserve's (Fed)
Usdjpy sell zone and target point move higher would probably soon encounter resistance in the region of 147.602 -148.01 where the 100 and 50-day Simple Moving Averages (SMA) are situated.
Given the pair is now in a short-term downtrend, however, it will probably eventually rollover and start falling again, back down to the 146.48 March 8 lows.
If the pair breaks below the 146.48 lows it will probably fall to support at the 146.22 and the 200-day SMA, followed by 145.89 the February 1 low
gold futures per ounce rate 2000.80% read the caption Gold according to the 4-hour chart, XAU/USD lost momentum but holds on to gains, limiting the risk of a steeper slide. The 20 SMA heads firmly north, far below the current level, momentum, while the longer moving averages remain directionless. XAU/USD hovers around a flat 200 SMA. Technical indicators, in the meantime, eased from near overbought readings, reflecting the ongoing retracement rather than suggesting
