The recent developments in the US Federal Reserve and the Bank of Japan have put USD/JPY in the spotlight. While the pair is extending its gains, aiming to surpass the November 2022 high, there are factors to consider that suggest …
Gold- Bigger picture for a 500 pips trade for OANDA:XAUUSD I’m a swing trader and, in the case of XauUsd trading, I usually look for 3-400 pips, or even more, as targets.At this moment, for such a trade, things are …
Introduction: Japan’s economy, a captivating fusion of tradition and modernity, demands a profound exploration of its intricate economic indicators. In this comprehensive journey, we not only dissect these key indicators but also unveil their potential impacts on the Japanese Yen …
History of the GBP The pound sterling, which strictly speaking refers to basic currency unit of sterling, now the pound, is the currency of the United Kingdom (UK). Prior to World War II, the Great British Pound was the …
Purchasing Managers Index Manufacturing: The Purchasing Managers Manufacturing report is a survey of manufacturing providers in the Eurozone (EZ) and focuses in on issues such as costs and demand. Essentially, a strong PMI, in which costs are low and demand …
Platinum- New test of 1k zone? Since the beginning of July, Platinum has been trading in a 100 USD range, between 900 and 1000 USD per ounce (more or less).The start of September found the price at the bottom of …
Gold- Will Fed be the trigger for a new leg up? Yesterday was a very quiet day for Gold, with the price fluctuating in a tight range.With FED expected to make no move on rates, the more important is the …
Gold under a cluster of resistances In yesterday’s post, I said that my bias for Gold is still bullish, however, confirmation is needed to consider a higher low in place.Yesterday, after a double touch of 1930 short-term resistance, XauUsd consolidated …
EurJpy could lose support Since the end of February low under 140, EurJpy rose strongly, more than 2000 pips and almost touching 160 important figure.In August, the pair consolidated, and this consolidation could very well be distribution.Now the pair is …
EurUsd- I’m looking to sell rallies Since mid-July, EurUsd has entered a downtrend. The confirmation for this came with a break under the one-year-long up trend line in mid-August. After the confirmation of resistance at 1.0930 at the beginning of …