forex news

EURUSD Key levels pivotal as NFP nears

The 4-hour chart on the EUR/USD displays a possible bearish bias, but there are some indications of consolidation after the small rebound observed on Friday. At present, the price is lingering around the 20-day Simple Moving Average (SMA). To improve...

How to Connect to Your TradingView-Linked Account?

In this article, we will provide you with a comprehensive guide on how to effortlessly connect to your TradingView-linked account directly within the TradingView platform...

Gold’s Jackson Hole Rally: What’s Next?

Gold is possibly still within its descending channel, though it has discovered a foothold at $1885 and demonstrated an upward shift this week due to a decline in bond yields. However, the anticipation is for the Fed funds rate to...

Gold, Yen, Dollar to Hang on Powell’s Words at Jackson Hole

With treasury yields hovering close to their highest point in the past 15 years, attention is squarely focused on the forthcoming policy speech by Fed Chair Jay Powell this Friday at the Jackson Hole event. The primary interest lies in...

Yen’s Resilience Challenged: What’s Next for USD/JPY? 

The Yen's struggle against the US Dollar persists this week, as the USDJPY settles above 143.00 and reaches a new high for the third consecutive day. After some sideways trading, traders are now resuming a bullish push aimed at reaching...

Will US Inflation Data Spark EUR/USD Recovery? 

In Monday's early trading session, the euro showed a slight weakening against the U.S. dollar, influenced by a prevailing sense of pessimism following disappointing industrial production figures in Germany. As the largest economy in the eurozone, Germany's struggles in the...

Gold’s Reaction to Upcoming Non-Farm Payrolls

Gold trading faced headwinds on Wednesday as the U.S. dollar strengthened despite Fitch's downgrade of the U.S. credit rating to AA+ from AAA. Investors seemed unfazed and focused on positive data from the ADP National Employment report that might possibly...

Gold or Nasdaq: What to Short this Week?

For Gold (XAU/USD), the 4-hour chart suggests a neutral-to-bearish stance. While the pair is currently above its moving averages, the 50-day moving average is closely trailing its price. The Relative Strength Index (RSI) is dropping towards a neutral level, indicating...

AUD Bucks Trend after Fed Hikes Rates to 22-Year High

The Federal Reserve has decided to increase interest rates by 25 basis points, reaching a range of 5.25% to 5.50%, marking the highest level seen in 22 years. Market participants widely anticipated this move as the Fed resumed its tightening...
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