Gold stays below $3,400 but remains above the 20-day EMA.
Gold prices are seeking new catalysts to break through the significant resistance at $3,400. Federal Reserve officials appear to be leaning towards a more dovish stance on monetary policy. President Trump intends to impose tariffs on China for purchasing oil from Russia. Gold Price (XAU/USD) is having a hard time surpassing the critical $3,400 mark […]
GBP/USD Price Prediction: Resistance is identified at 1.3300 close to the nine-day EMA
GBP/USD might see initial support near the lower edge of the downward channel around 1.3180. The 14-day relative strength index has dipped below 50, reinforcing a bearish outlook. The first resistance lies at the 9-day EMA at 1.3332. The GBP/USD pair is likely to trade in a sideways manner after a gain of over 0.5% […]
Gold Price Outlook: XAU/USD receives support under $3,300 while the 50-day EMA serves as an important obstacle
Gold prices stabilize temporarily, sitting just below $3,270, but further declines seem more probable. Traders adjusted their expectations, showing that Powell is not rushing into interest rate cuts. The US President remains optimistic about securing a trade agreement with China. During Thursday’s trading in Europe, gold prices (XAU/USD) climbed nearly 1% to about $3,315, rebounding […]
Gold Price Outlook: XAU/USD approaches 50-day EMA support, attention turns to the Fed
Gold Stabilizes After Four-Day Slide Gold (XAU/USD) has stabilized around $3,321 on Tuesday, after reaching a nearly three-week low of about $3,300, effectively stopping a four-day losing streak. Risk-on sentiments and easing geopolitical tensions are contributing to a reduction in demand for safe havens as the August 1 deadline approaches. The market remains cautious ahead […]
USD/JPY Price Outlook: Increasing 20-day EMA indicates a significant upward trend
USD/JPY falls to about 148.35 after a three-day winning streak. US tariff agreements bolster the US dollar. Market participants are keenly awaiting monetary policy updates from the Fed and BOJ this week. The USD/JPY pair dipped to around 148.35 during the late Asian trading session on Tuesday, having difficulty maintaining its three-day run of gains. […]
GBP/USD Price Outlook: Remains positive above 1.3550, staying above the 100-day EMA
GBP/USD shows a slight gain of around 1.3440 in Monday’s Asian trading session. The pair maintains an optimistic tone above the 100-day EMA, though some consolidation might happen soon. Immediate resistance is identified at 1.3588, while initial support is at 1.3365. During Monday’s Asian hours, GBP/USD managed a modest profit, nearly reaching 1.3440. This comes […]
EUR/USD Price Outlook: Likely to Decline Below 20-Day EMA Due to US-EU Trade Issues
EUR/USD is being traded cautiously following a decision by the US President to apply a 30% tariff on imports from the EU. European Commission President Ursula von der Leyen has warned about potential retaliatory measures to safeguard the interests of the bloc. This week’s release of the June Consumer Price Index (CPI) data will be […]
USD/CAD Price Outlook: Remains challenged close to 20-day EMA
USD/CAD is holding steady around 1.3700 as traders await updates regarding US trade discussions. FOMC minutes indicate that most members are not in favor of any short-term interest rate cuts. Canadian employment data for June is expected on Friday. The USD/CAD pair is trading within a narrow band near 1.3700 during Thursday’s Asian session. The […]
AUD/JPY Price Outlook: Stays close to 94.50, discovers initial support at nine-day EMA
AUD/JPY Analysis AUD/JPY could approach the upward channel limit at 95.50. The bullish sentiment is further supported by the 14-day RSI being above the 50 mark. The 9-day EMA, located at 94.26, acts as immediate support. After gaining more than 0.50% in the previous session, AUD/JPY has dipped slightly, trading around 94.50 during Asian trading […]
USD/CAD Price Prediction: Fluctuates Near 20-day EMA
The USD/CAD has dipped close to 1.3720, with the US dollar experiencing a significant downturn. The US president is once again hinting at the possibility of firing Fed Chairman Powell. Concerns about inflation, which are pegged against the BOC’s 2% target, may lead to interest rate cuts. During the Asian trading session on Thursday, the […]