Trading Analysis for EURUSD
19/08/2024
The EUR/USD pair has shown significant resilience over the past week, trading near its year-to-date highs around 1.1050. This strength is largely attributed to a weakening US Dollar, driven by increasing market expectations of a potential rate cut by the Federal Reserve.
Trading Analysis for XAUUSD
12/08/2024
Gold prices have seen fluctuations around the $2,400 level as traders brace for a week filled with key economic data and ongoing geopolitical tensions. The gold market has been influenced by a combination of factors, including expectations for the upcoming US Consumer Price Index (CPI) data and developments in the Middle East.
Trading Analysis for EURUSD
12/08/2024
The EUR/USD pair ended the previous week slightly above the 1.0900 mark, reflecting a week of cautious trading amidst mixed economic signals. Investors have been on edge due to central banks’ monetary policy decisions, particularly those of the Federal Reserve (Fed) and the European Central Bank (ECB).
Trading Analysis for BTCUSD
12/08/2024
Bitcoin (BTC) has experienced a turbulent week, marked by a significant sell-off that saw the price drop to a low of $49,440 before partially recovering to around $58,298.61 by week’s end. This decline has been attributed to a combination of factors, including fears of an impending recession, geopolitical tensions, and the unwinding of the Japanese yen carry trade.
Trading Analysis for XAUUSD
05/08/2024
Gold prices have experienced a mix of bullish pressures and profit-taking in recent weeks, driven by economic data and geopolitical tensions. The price of gold saw a strong rally, driven by weaker-than-expected US jobs data and increasing expectations of Federal Reserve rate cuts.
Trading Analysis for EURUSD
05/08/2024
The EUR/USD pair experienced a week marked by choppy and sideways action, struggling to find clear direction amidst mixed economic signals. The pair fluctuated around the 1.0900 level, reflecting the market’s uncertainty.
Trading Analysis for XAUUSD
29/07/2024
Gold prices have recently experienced significant volatility, with the metal rebounding above $2,380 after initially falling from historic highs. This movement has been influenced by a mix of economic data and geopolitical events.
Trading Analysis for EURUSD
29/07/2024
The EUR/USD pair experienced relatively low volatility last week, with the Euro continuing to oscillate around the 1.0900 mark. Despite reaching new highs the previous week, the pair was unable to maintain upward momentum.
Trading Analysis for EURUSD
22/07/2024
The EUR/USD pair experienced significant fluctuations last week, closing just below the 1.0900 mark. The pair hit a multi-month high of 1.0947 mid-week before retreating. This movement was influenced by the European Central Bank’s (ECB) decision to keep interest rates unchanged, which provided little guidance for future monetary policy.
Trading Analysis for XAUUSD
22/07/2024
Gold prices have recently faced significant volatility, driven by a combination of economic data, geopolitical tensions, and market reactions to Federal Reserve signals. After reaching a record high of $2,483.74, gold experienced a sharp pullback due to profit-taking and a strengthening US dollar.
