Potential for a bearish pullback on the XAUUSD TVC:GOLD which could lead to a price movement towards the support level at 2608
Potential for a bearish pullback on the GBPAUD H6 which could lead to a price movement towards the support level at 1.93800
- Possible bullish pullback price movement on CRYPTOCAP:XLM towards the resistance 0.68$ within the next period.
Potential for a bearish pullback on the CHFJPY 4D which could lead to a price movement towards the support level at 165
- Possible bullish pullback price movement on DXY towards the resistance 120$ within the next period.
- Possible bullish pullback price movement towards the resistance 1.16$ within the next period.
The USDCHF pair appears well-positioned for an initial target of 0.95000, indicating a potential upward trend. Strong buying opportunities are anticipated around the 0.86900 zone, offering a strategic entry point for traders aiming to capitalise on the pair's current momentum. This level aligns with a broader outlook for potential gains as market dynamics evolve....
The GBPJPY shows potential for a bearish pullback, which may drive the price down toward the support level at 190.000. Key selling opportunities are anticipated around the 198.500 level, presenting a strategic entry point for traders aiming to capitalise on this potential downward movement.
The CADCHF pair appears well-positioned for an initial target of 0.64800, signalling a potential upward trajectory. Around the 0.62600 zone, favourable buying opportunities are anticipated, especially for traders looking to capitalise on the pair's current momentum. This level could serve as a strategic entry point, aligning with the broader outlook for potential...
The AUDCHF is poised for an initial target of 0.57600, with favourable buying opportunities at 0.56800
Record High and Pullback Gold recently hit a record high of $2,790.17, mainly driven by safe-haven buying due to uncertainty around the U.S. election and tensions in the Middle East. However, it pulled back to $2,736.45 as the U.S. dollar and Treasury yields rose, making non-yielding assets like gold less attractive. Weak Jobs Data and Fed Rate Cut...
The USDJPY outlook remains bullish as strong U.S. economic data, particularly higher consumer sentiment and robust core capital goods orders, bolsters the dollar. With safe-haven flows supporting the USD amid global uncertainties and Japan’s dovish monetary stance, the pair is positioned for further gains. While the Fed’s cautious approach on rate cuts and stable...
Gold Market—Fed Rate Cut Hopes and Middle East Tensions - Last week, gold prices edged higher, closing at $2,660, up just 0.13%. The ongoing conflict, particularly Israeli airstrikes on Hezbollah, boosted safe-haven demand for gold, though the strength of the U.S. dollar limited significant gains. - Early in the week, strong nonfarm payroll data sparked...
Traders are closely watching the Federal Reserve’s next moves, with an 87% chance of a 25-basis-point rate cut in November according to the CME FedWatch tool. Although Fed Governor Christopher Waller urged caution on additional rate cuts, the prospect of easing is still expected to support gold prices. Non-yielding assets like gold tend to benefit from lower...
Possible bullish pullback price movement on USDCHF towards the resistance 0.93800 within the next period.
Possible bullish pullback price movement on USDJPY towards the resistance 151.200 within the next period.
The CADCHF is poised for an initial target of 0.64200, with favourable buying opportunities anticipated as it progresses.
The upcoming Jackson Hole symposium, scheduled for August 22-24, is expected to be a significant event for financial markets. Hosted by the Federal Reserve Bank of Kansas City, the gathering will bring together central bankers, policymakers, and economists from around the world. Investors are eagerly awaiting Fed Chair Jerome Powell’s remarks, which could provide...