Weekly Currency Outlook – June 22nd – June 28th (Charts)
I wrote on the 15th about some interesting deals for the week: Long on the EUR/USD currency pair, which dropped by 0.26% this week. The USD is positioned long, seeing a decline of 1.87%. There’s a long position on USD silver, decreasing by 0.96%. If every day in New York surpasses $80.43, the outlook for […]
Gold Price Outlook: XAU/USD approaches $3,340 support amid increasing selling pressure
Gold continues its downward trend as positive market sentiment diminishes the interest in safe-haven assets. Expectations for diplomatic resolutions in the Middle East conflict are fostering a cautious appetite for risk on Friday. XAU/USD faces increasing bearish pressure after breaking out of the wedge pattern. Gold (XAU/USD) is trading lower on Friday, responding to easing […]
Gold Price Outlook: XAU/USD fluctuates cautiously under $3,400, maintains important 20-day EMA
Gold prices are likely to remain below $3,400 as investors assess the likelihood of a U.S. attack on Iran. The Federal Reserve maintained current interest rates on Wednesday while adjusting its targets for the next two years upward. The 20-day EMA is providing solid support for gold prices. On Thursday, during European trading hours, gold […]
Gold Price Outlook: XAU/USD stays stable amid rising concerns
Xau/USD Current price: $3,383.60 President Trump mentions that Iran’s patience may start to “wear thin.” Anticipation grows for US economic data as the markets prepare for the Federal Reserve’s decisions. Xau/USD is likely to trade within a narrow range influenced by updates on risk aversion. Spot Gold hit a weekly low of $3,366.25 on Tuesday […]
EUR/JPY Price Outlook: Important resistance level appears around 166.50
EUR/JPY is likely to rise to about 166.50 during early European trading on Monday. The optimistic outlook for the pair seems to outweigh the significant 100-day EMA, supported by bullish RSI indicators. Key resistance levels are anticipated around 166.90-167.00, with initial support at 164.95. The EUR/JPY pair reached approximately 166.50 at the start of European […]
GBP/USD Price Outlook: Remains stable above 1.3550, nine-day EMA
GBP/USD could approach 1.3632, marking the highest level since February 2022. The 14-day relative strength index has gone above 50, indicating a prevailing bullish sentiment. The primary support is identified at the 9-day EMA of 1.3552. The GBP/USD currency pair has bounced back from its daily losses, trading around 1.3570 during Monday’s Asian session. However, […]
EUR/USD Price Outlook: Rising channel supports buyers before important central bank event
EUR/USD begins the week on a softer note as the USD sees a slight uptick. The lack of ongoing selling pressure is something for bearish traders to consider. Investors seem hesitant ahead of the significant FOMC meeting on Wednesday. The EUR/USD pairs are showing mild negative pressures after the mid-1500s. There’s a lack of bearish […]
Gold Price Outlook: XAU/USD continues its upward trend with $3,440 in sight
Increased risk aversion has driven gold to reach new monthly highs. Israel’s safety measures following their attack on Iran have heightened the drive for security. The focus for XAU/USD bulls is now on the record highs of $3,440 and $3,495. XAU/USD has been on an upward trend for three consecutive days as of Friday, with […]
Gold reduces some of its intraday increases, reaching close to a two-month high as the US dollar strengthens; optimistic outlook continues.
Gold Prices Attract Buyers Amid Global Uncertainty Gold prices rise for the third consecutive day as investors seek safe havens. Growing geopolitical tensions and trade uncertainties support demand for traditional safe assets. Speculations around a Federal Reserve rate cut are influencing the XAU/USD pair, although a USD rebound poses a limit. Gold (XAU/USD) shows a […]
Energy Agreement Generates Positive Outlook for Meta Platforms Stock
From a fundamental standpoint, Meta Platforms (META) has recently made a strong case for long-term investment. The company entered into a 20-year electricity purchase agreement with the Constellation Energy’s Clinton Nuclear Power Plant in Illinois. This deal is significant for Meta as it helps manage energy costs, a key aspect of its growth strategy. Artificial […]