The GBP/USD pair is exhibiting a bearish bias, as it heads southward towards the 1.2300 level during the early European morning session, erasing gains made during the Asian trading hours, which saw the pair reach 1.2380. The resurgence of concerns regarding the approval of the US debt deal and heightened expectations of a June interest rate hike by the Federal...
The US Dollar (USD) partially recouped its slight decline earlier in the day as the US Bureau of Economic Analysis (BEA) released data indicating that the headline PCE Price Index rose by 0.4% in April, a significant increase compared to the previous month's 0.1% growth. Furthermore, the annual rate saw a rise to 4.4%, surpassing expectations of a decrease to 3.9%...
On USDJPY, we have a market that generated a supply zone around 140.50, then retraced back to the 75% Fibonacci level at 140.50, creating a setup for a short entry. The target is the demand zone around 138.70. Let me know what you think. Happy trading to everyone.
Gold rebounds further from a two-month low, reclaiming the $1,950 level during the early European session and breaking a two-day losing streak. The Gold price is benefiting from a slight weakness in the US Dollar (USD) as traders take profits following its recent surge to a two-month high. However, significant upside for Gold remains elusive, at least for now, as...
Hi everyone This is our trade idea on NASDAQ. Lets see what market present us with & take our trades upon confirmation. Always apply proper risk management. #ForexPeopleFX
Hi everyone Hope you all are well, its been a while since we posted a trade idea here. We plan on posting here regularly per week. This is what we possible looking out for on Monday market open to do. Let us know what you think of this setup. #Forexpeoplefx
The CAD/JPY currency pair has been exhibiting sustained growth across various timeframes due to its significant correlation with USD/JPY. Notably, the USD/JPY pair has been experiencing a robust bullish trend, exerting downward pressure on the JPY and creating favorable conditions for the CAD to appreciate. A recent development of note is the price breakout of the...
The AUD/JPY currency pair continues to face downward pressure, hovering around its intraday low after experiencing a decline from its eight-day high. The pair's movement is influenced by the release of key economic data, including Australia's employment report and Japan's trade numbers for the month of April. As the AUD/JPY pair is considered a risk barometer,...
In the European morning on Friday, GBP/JPY continues its recovery momentum and is climbing towards the 169.000 level after the release of UK data indicating a 0.1% growth in Q1 GDP. Additionally, both Industrial Production and Manufacturing Production saw expansions of 0.7% in March. On the technical side, GBP/JPY experienced a rebound on the dynamic trendline...
On USDCAD, we have a price that oscillates between a fake supply and demand in the 1.36 zone. The objective will be to wait for the price in this zone for a possible long setup and then enter with a target of 1.3720. Let me know what you think. Happy trading to everyone!
On GBPUSD, we have a bearish setup after the news on the dollar and the possibility of a debt ceiling bailout. We have a price that, after forming a demand zone at 1.23200, rose towards 1.2440 where we have a supply zone with a highlighted short setup in blue. I will be looking for an entry point there. Let me know what you think. Happy trading to everyone.
US debt talks to avoid default create market uncertainty as no resolution reached over the weekend, ongoing discussions expected. White House Adviser Ricchetti and President Biden express commitment to finding a solution. The looming risk of a US default negatively affects the US Dollar and Treasury bond yields, supporting the recovery gains in Gold prices. The...
Gold price bears are grappling with the impact of rising United States Treasury bond yields and the strength of the US Dollar. The ongoing impasse in US debt ceiling talks, coupled with hawkish sentiments expressed by Federal Reserve officials, has further bolstered Treasury bond yields and the US Dollar, placing downward pressure on XAU/USD. Traders are closely...
In CHFJPY, we have a price that is descending towards the 153 area, where we have a demand zone and where the price could create a bullish setup, potentially returning to the 154 zone. This is because we have observed a significant amount of buying and selling orders both in the highlighted supply zone and in the mentioned demand zone. Let me know what you...
In AUDJPY, we have a strong Yen that is driving the price to the 90.600 area, where there is a demand zone and where the market could create a bullish setup due to the significant amount of orders present in that zone. The entry is expected around 90.700 with a target at 91.600. Let me know what you think. Happy trading, everyone.
n EURAUD, we have a bullish setup that has brought the price to the 1.6440 area, where we have a strong supply zone that has already been validated and where the price has formed a bearish setup. The trade objective is a short position with a target at 1.625. Let me know what you think. Happy trading, everyone.
The EUR/USD remains under pressure as it approaches the 1.0700 level, influenced by several factors contributing to a cautious market mood. The downward revision of Germany's Q1 GDP and the prevailing uncertainty surrounding the US debt ceiling have weighed on the pair, bolstering the safe-haven appeal of the US Dollar. Traders are closely watching upcoming ECB...
The EUR/USD currency pair experienced a retreat from its intraday high as the US Dollar managed to pare back some of its recent losses. The European Central Bank (ECB) President, Christine Lagarde, attempted to defend a hawkish bias but acknowledged that a significant portion of the journey toward curbing inflation had already been covered. Meanwhile, Federal...