USD/CAD appears to be breaking lower from a symmetrical triangle pattern, with bears potentially taking control after a period of consolidation near the 1.4400 handle. Let’s check out these key inflection points to watch on the 4-hour time frame: Gold (XAU/USD) 4-hour Chart by TradingView Less dovish Fed expectations towards the latter part of December last year propped up…
Final Services PMI 51.1 vs 51.4 expected and 50.8 prior. Final Composite PMI 50.4 vs 50.5 expected and 50.5 prior. Key Findings: Employment declines for the third month in a row. Marginal increase in business activity. Input cost inflation accelerates to an eight-month high. Comment: Tim Moore, Economics Director at S&P Global Market Intelligence, said: “The service sector ended…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
2025.01.06 2025.01.06 Short-Term Analysis for Oil, Gold, and EURUSD for 06.01.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro reached the Gold Zone 1.0261…
Market players are anticipating hotter annual inflation readings from Australia this week. Our Event Guide for the November 2024 Australia CPI noted that leading indicators are pointing to a slight uptick in headline CPI in November, which counters the Reserve Bank of Australia’s (RBA) recent shift to less hawkish biases. Will this lead to the Australian dollar…
There is just one to take note of on the day, as highlighted in bold. That being for EUR/USD at the 1.0300 level. The expiries there might help to keep a bit of a floor on price action in the session ahead, as market players look to get settled into the actual start of the new trading year. And…
Gold prices fell in United Arab Emirates on Monday, according to data compiled by FXStreet. The price for Gold stood at 311.22 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 311.56 it cost on Friday. The price for Gold decreased to AED 3,630.07 per tola from AED 3,633.98 per tola on friday. Unit measure Gold…
Markets appear to be pricing in an interest rate cut from Australia’s central bank early this year, so I’m keeping close tabs on these EUR/AUD and AUD/JPY levels in case the inflation report misses expectations. Our Event Guide for the November 2024 Australia CPI points out that the RBA is already projecting that inflation is returning to target,…
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Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
