Trading Analysis for EURUSD
30/09/2024
The EUR/USD pair continues to display heightened volatility as we head into the final days of September and the beginning of October. The exchange rate is currently hovering around 1.1163, having faced strong resistance near the 1.1200 level. Despite this, the pair remains in a bullish overall trend as traders gear up for several critical economic data releases later this week.
Trading Analysis for EURUSD
23/09/2024
The EUR/USD pair exhibited a strong performance over the past week, reaching highs near 1.1190, and maintaining levels around 1.1160 by the end of the trading week. Market sentiment leaned bullish, driven by the Federal Reserve’s aggressive 50 basis point rate cut, pushing the US dollar lower.
Trading Analysis for XAUUSD
23/09/2024
Gold (XAU/USD) has recently surpassed the $2,600 level, showcasing strong bullish momentum driven by a combination of geopolitical factors and favorable economic conditions. Over the past week, gold prices broke through crucial resistance levels, with the next target being in the $2,650 to $2,661 range.
Trading Analysis for BTCUSD
23/09/2024
Bitcoin (BTC) has been riding a wave of momentum following key developments such as large institutional inflows and central bank moves. Over the past week, Bitcoin’s price approached $64,000 before experiencing a slight retracement, driven largely by whale investors acquiring approximately $1.5 billion worth of BTC after the Fed’s 50bps rate cut.
Federal Reserve’s Surprise 50bps Cut: What Could It Mean for Forex Traders?
In a move that shocked the financial world, the Federal Reserve recently slashed interest rates by 50 basis points (bps), the first rate cut since March 2020. This marks one of the most significant decisions from the Fed in recent years, especially following the post-pandemic economic recovery.
Trading Analysis for BTCUSD
16/09/2024
Bitcoin (BTC) has been steadily recovering over the past week, bouncing off a critical support level near $56,000. The cryptocurrency has gained approximately 6%, reaching a current trading range around $58,000.
Trading Analysis for XAUUSD
16/09/2024
Gold prices have seen consistent strength, with the metal nearing record highs in recent trading sessions. At the start of this week, gold hit the $2,589 level before experiencing a minor pullback to around $2,581.
Trading Analysis for EURUSD
16/09/2024
Over the past week, the EUR/USD pair experienced a recovery after initially falling in the early part of the week. The Euro bounced back, recovering from earlier losses due to hawkish sentiment from the European Central Bank (ECB), which offset some of the downward pressure.
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How the U.S. Inflation Data on September 11, 2024, Could Impact the Forex Market
The BTC/USD pair has experienced significant fluctuations in recent weeks, hovering around the $57,000 level, which has acted as a crucial support. As the market grapples with mixed signals, Bitcoin has found itself in a tight range, struggling to break out decisively. The recent outflows from U.S. spot Bitcoin ETFs, totaling over $103 million, suggest that some investors are taking a more cautious approach, potentially anticipating further declines.
