In this video, we delve into the recent movements of the Pound Sterling against the US Dollar as the GBP/USD pair hits a temporary pause near the key resistance level of 1.2700. Investors are closely watching the upcoming release of the United Kingdom's Consumer Price Index (CPI) data for April, which is expected to provide crucial insights into the interest rate...
In this educational video, we delve into the recent surge in gold prices. There has been a notable uptick in gold prices, with XAU/USD recently surpassing the $2,400 mark, for the first time in almost a month. This surge in gold prices has piqued the interest of traders and investors, prompting speculation about the underlying factors driving this upward...
The USD/JPY is one of the sell pairs we have from the portfolio selection we did yesterday. The Major pull for us thinking of shorting this pair is the wave structure (3) Momentum Low; this price point has over 70% probability that at some time in the future, the price will come back there after a retracement. On Friday,15-minute timeframe, we saw a breakdown...
Join us as we delve into the latest developments shaping the GBPUSD landscape. The Pound Sterling rebounded in the second half of the week driven by robust Q1 GDP figures from the UK's Office for National Statistics, indicating a resilient economy. With a growth rate of 0.6%, surpassing expectations, the UK appears to be steering clear of recessionary woes. This...
In this week's XAUUD analysis video, we delve into the recent surge in Gold prices amidst economic uncertainties in the United States. The previous week witnessed a notable uptick in Gold prices amidst the struggle of the US treasury to gain traction. Additionally, the University of Michigan survey revealed a pessimistic sentiment among Americans, with Consumer...
Hey Traders, This is my take on the CADJPY Looking at the 1HR and the 15 Mins timeframes. Momentum precedes prices! When there's an ongoing primary trend and a completed wave structure, wait for the price to be discounted/pullback. This discounting in price gives us a piece of important information, we can deduce whether the price will continue the primary trend...
Amidst the uncertainty characterized by global events, last week witnessed the GBP/USD pair caught in the crosscurrents of rising geopolitical tensions and pivotal central bank pronouncements. Bank of England's Deputy Governor, Dave Ramsden, took centre stage with remarks on inflation risks, yet failed to provide the anticipated support for Sterling as it plunged...
In the latest global events, Gold has soared to new heights, hitting a five-day peak above $2,400 fueled by escalating tensions between Israel and Iran. Investors sought refuge in the non-interest-yielding asset as uncertainty loomed, driving prices to a weekly high of $2,417 per ounce. However, the rally proved fleeting as Iran quashed fears of immediate...
The Pound Sterling (GBP) gains strength as market sentiment improves, driven by a growing appetite for risk-sensitive assets. This sentiment is reinforced by soft wage growth and a sharp rise in the Unemployment Rate reported by the United States Bureau of Labor Statistics (BLS) for February. The outlook for the GBP/USD pair remains positive, with widespread...
On Friday, GBP/USD saw a modest rebound post-testing 1.2600. The US Dollar is struggling to maintain its strength following the release of weaker-than-expected ISM Manufacturing PMI data from the US. February's US ISM Manufacturing PMI dropped to 47.8, contrary to the anticipated rise to 49.5 from the previous month's 49.1. The diminishing PMI sentiment is...
Gold prices take a nosedive as a buoyant US Nonfarm Payrolls (NFP) report throws a shadow of uncertainty over expectations for a Fed rate cut in May. The United States Bureau of Labor Statistics (BLS) recently released robust NFP data for January, revealing a surge in employment with 353K new hires, surpassing the consensus forecast of 180K and the 216K payrolls...
The Pound Sterling (GBP) has surged against the US Dollar even in the face of all components of the United States Nonfarm Payrolls data for December surpassing expectations, indicating improved market risk appetite. However, the GBP's strong position may not last as investors anticipate tough decisions for Bank of England (BoE) policymakers, who are facing...
Following the US Federal Reserve's dovish pivot, the market experienced a shift in sentiment when New York Federal Reserve President John Williams expressed reservations about rate cut expectations, emphasizing the central bank's commitment to maintaining inflation at its 2% target. This development led to a rebound in US Treasury bond yields, providing some...
Despite the recent retracement, the Pound remains poised for an uptrend continuation. The GBPUSD closed last week's trading session at the 1.25000 handle, holding steady after a stronger-than-expected US Nonfarm Payrolls (NFP) gave the US Dollar (USD) a final boost to end the week. Looking ahead to the coming week, there is a flurry of central bank activity, with...
Gold continues its upward trajectory, achieving its highest monthly close in November and nearing record highs. Federal Reserve Chair Jerome Powell, while acknowledging soft inflation, emphasized that core inflation remains high. As US Treasury bond yields decline, providing a tailwind for Gold, the market anticipates potential Fed rate cuts, with about 135 basis...
The GBPUSD continued its upward momentum, closing the week around 1.27100, a key level for the upcoming week. The Pound's strength is fueled by expectations that the Bank of England will delay rate cuts compared to the Fed and ECB. This sentiment was further supported by a decrease in Treasury yields following Powell's comments about the balanced risks of interest...
The previous week saw the Pound sterling reach 1.2600 zone against the US dollar, reflecting positive reactions to the S&P Global/CIPS data. Even amidst mixed economic signals from the US, including robust Services and Composite PMIs but a contracting Manufacturing PMI, the GBPUSD pair maintained its strength. In the UK, inflation has shown signs of cooling down...
Gold maintains its position around $2,000, buoyed by a weakening US Dollar and mixed US PMI data from Friday. Despite the recovery in US Treasury bond yields, the broadly weaker dollar prevails, driven by dovish bets on the Federal Reserve amid a manufacturing sector downturn. However, the upward momentum of gold faces potential constraints as rising US Treasury...