USD/JPY bulls hesitate around mid-130.00s as upbeat Japan data tease BoJ hawks
USD/JPY struggles to extend week-start rebound amid strong statistics from Tokyo. Japan’s Unemployment Rate remains unchanged but Industrial Production, Retail Trade cross market forecasts in December. Mixed sentiment, hawkish concerns surrounding BoJ keeps Yen pair sellers hopeful. US CB Consumer Confidence, risk catalysts will be crucial ahead of the FOMC. USD/JPY grinds higher around 130.50 […]
XAU/USD bulls could emerge ahead of Federal Reserve
Gold price hourly chart shows that the price is being jammed into the lows of the day. Gold price could see a short squeeze for the day ahead as traders get set for the Federal Reserve. The Gold price has drifted lower for a third day and is testing structure as we head towards key […]
XAU/USD Bulls Tamed by Psychological Resistance
Gold (XAU/USD) Price Outlook: Gold futures retest $1,950 before easing back into narrow range. XAU/USD gaps on opening, diving the RSI deeper into overbought territory USD remains constricted in anticipation of the FOMC and NFP’s later this week. Recommended by Tammy Da Costa Download Your Fresh Q1 Forecast Gold Futures Run into Technical Resistance – […]
Bulls attack 130.40 resistance confluence
USD/JPY grinds higher around intraday top after two-week rebound from multi-month low. Convergence of 21-DMA, downward-sloping trend line from late November guards immediate upside. Bullish MACD signals, firmer RSI (14) adds strength to the bullish bias. Bears need validation from fortnight-old ascending trend line to retake control. USD/JPY prints mild gains as buyers muster the […]
Bulls have softer road to travel past 0.9200
USD/CHF grinds higher inside monthly triangle, struggling to extend two-day uptrend. Sustained break of 10-DMA, bullish MACD signals keep buyers hopeful. USD/CHF buyers lurk around six-week-old descending support line. USD/CHF bulls take a breather around 0.9210 during Monday’s sluggish Asian session, following a two-day uptrend, as traders await this week’s bumper data/events. Also challenging the […]
Oil bulls continue to run into sellers ahead of $83
Adam Button Friday, 27/01/2023 | 16:13 GMT-0 27/01/2023 | 16:13 GMT-0 Every time oil hits $83 and fades, the importance of that level grows. The WTI crude oil Crude Oil Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is […]
Bullish harami looms, with bulls targeting 131.50
USD/JPY remains downtrend but is about to form a bullish harami candle pattern, suggesting an upward correction on the cards. USD/JPY Price Analysis: Once it clears 129.50, it could rally towards 131.57 before turning neutral. USD/JPY slumps in a choppy New York trading session and edges beneath 130.00 after a round of US economic data, […]
Dollar Extends Pressurized Range, Stocks Attempt to Rally the Bulls, The Real Event Risk is Next Week
S&P 500, Nasdaq 100, US Dollar, Event Risk and FOMC Rate Decision Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 132.00 The Q4 GDP update this past session beat expectations and the Fed’s favorite inflation indicator (PCE deflator) is due for release Friday Between the progress in certain risk […]
GC 1923 Still in Play – Can Bulls Tag 2k?
Gold Talking Points: The bullish trend in Gold has continued with another fresh seven-month-high printing yesterday, just inside of the 1950 level. Buyers were unable to do much after that test, however, and prices have slid right back to the key level of 1923, which was the all-time-high for almost nine full years before the […]
XAU/USD bulls approach $1,967 ahead of United States Gross Domestic Product
Gold price takes the bids to renew nine-month high, up for the fourth consecutive day. US Dollar weakness underpins XAU/USD upside amid cautious mood ahead of the key United States Gross Domestic Product. Dovish bias surrounding the Fed contrasts with the hawkish outlook over ECB to weigh on USD and favor Gold buyers. Convergence of […]