[XAU/USD] Buying Dollar against Trump
Today, as results from the U.S. presidential election gradually become clear in Tokyo time, if Mr. Trump appears to be in the lead, people may start buying the Dollar, which …
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[EUR/USD] Focus on U.S. Election
The euro rose sharply in the Asian market at the start of the week, climbing from last week’s close of 1.0830 to around 1.0880. This increase is likely due to …
[USD/JPY] U.S. Election Day Update
This week started with the Asian market seeing early selling of the dollar. Previously, the ‘Trump Rally’ led to rising U.S. long-term interest rates and stronger demand for the dollar, …
[XAU/USD] Gold Prices Expected to Stay Strong Amid U.S. Election Uncertainty
With the U.S. presidential election just around the corner, U.S. long-term interest rates have dropped, leading to early selling pressure on the dollar. Gold prices rose to $2,748, but gains …
Economic Calendar (04-08/11/2024)
Stay ahead in the markets! Review next week’s key market-moving events and make informed decisions for strategic moves.
[GBP/JPY] BOE Rate Cut
Last week, GBP/JPY reached a nearly three-month high of 199.80 after Chancellor Reeves announced a £40 billion tax increase, higher insurance premiums, and an upward adjustment to the inflation target. …
[USD/JPY] After Big Events
Last week, the USD/JPY pair initially saw buying of the U.S. dollar. Later, as the Bank of Japan took a more hawkish stance, USD/JPY hit a high of 153.88 before …
[XAU/USD] Weekly Outlook: Impact of U.S. Election, FOMC, and Geopolitical Risks
Last week, the Bank of Japan showed a more hawkish stance, which led to strong selling of gold. Although there was some buying back afterwards, U.S. long-term interest rates rose …
Understanding a Moving Average (MA)
We have learnt about Moving Average (MA) to combine with Support and Resistance strategy in last week. So today we will take a look closer a bit about Moving Average …