The US stock market was in a consolidation range for most of Wednesday due to the anticipation of the Fed rates decision, only to end the day in a strong bullish trend as investors celebrated the central bank’s dovish tone. While the Fed’s stance could cause the US dollar to drop even further and—based on […]
Află mai multeAUDUSD Price Analysis – July 30 The AUDUSD pair added, however during the early European session, to existing intraday losses and renewed daily lows around the 0.7140-35 zone. The Australian dollar further retreated from the recent 15-month high (0.7196) level as investors made gains after buyers were unable to crack the barrier of 0.7200 round-level. […]
Află mai multeKey Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: RangingThe EUR/GBP pair is in a sideways move. The bulls failed to break the resistance line as price resumed a downward move. The pair is currently on a tight range between levels of 0.8900 and $0.9015. The market may reach […]
Află mai multeKey Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: RangingThe AUD/JPY pair is on a sideways trend. The market is currently fluctuating between levels 74.00 and 76.00. The price has fallen to the middle of price range. It is unclear if the downward move will extend to level 74.00. […]
Află mai multeEURUSD Price Analysis – July 30 Investors are taking a breather after notching new highs beyond the 1.1800 mark in the prior session, although at the time of this post EURUSD established on a corrective pullback to the mid-1.1700s level. Statements from Fed marginally impacted risk bias and compelled investors to cover some gains after […]
Află mai multeFollowing the decision of the Federal Open Market Committee (FOMC) to keep the interest rate unchanged in the target range of 0-0.25%, Chairman of the Board of Governors of the Federal Reserve System Jerome Powell comments on the policy outlook. Jerome H. Powell took over as Chairman of the Board of Governors of the Federal […]
Află mai multeGBPJPY Price Analysis – July 29 The GBPJPY cross-moved higher for the third consecutive day and soared into the American session on Wednesday near close one-week highs, around the 136.45 level during the European session. Ultimately, inside the channel that contained the price action, the pair continues to exchange so we would hence consider the […]
Află mai multeXAGUSD Price Analysis – July 29 Silver (XAUUSD) began a fresh week higher after a brief upside consolidation seen in the weekly closing, further on Monday with a bang reaching fresh 6.5-year highs amid the gold rally. XAG buyers are gathering momentum to a level of $30.00 holding the upsurge in the near term. Key […]
Află mai multeGold (XAU/USD) appears to have entered a consolidation phase and was last spotted ranging above the $1,950 mark in the early European session. It seems likely that investors have moved to the sidelines (neither bullish nor bearish) in anticipation of the highly influential FOMC decisions set for later today. Many analysts expect the Fed to […]
Află mai multe
