Gold in turbulent times- Analyzing the recent Price Action On Monday I wrote that Gold is at an important crossroads and clarification of direction could lead to a 500 pips move.Indeed, as the price developed, it was clear that bears …
The Federal Reserve’s actions and statements have a profound impact on financial markets. Recently, Federal Reserve Chairman Jerome Powell delivered a press conference that caused market turbulence, despite his carefully crafted words. In this blog post, we’ll recap what the …
Gold’s Descent: Breaking support and looking ahead Yesterday was not a bad day for Gold bears, with the price dropping around 150 pips, but more importantly, breaking under important confluence support around 1915.As explained in yesterday’s post, this was the …
WTI- The ideal price to buy for 100 target The month of September came with a very important break for WTI Oil, the rise above 85 figure, a price that kept WTI in a range since December last year.As was …
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 …