[USD/JPY] Risk of Dollar-Yen Moving Lower
This week, the Bank of Japan (BOJ) meeting is expected to hold off on cutting interest rates, while the FOMC (Federal Reserve) meeting is expected to reduce rates by 0.25%. …
[XAU/USD] Range-Bound Market
Gold prices have remained strong due to reports that China has resumed buying gold. The price rose to $2,725, which is nearly the same level as the high of $2,721 …
Economic Calendar (08-13/12/2024)
Stay prepared for the markets! Analyze the key events for next week and make well-informed decisions to stay on track with your strategies.
[CAD/JPY] Bank of Canada (BOC) Rate Cut Expectations
Last week, Canada’s November employment report showed that while the number of employed people exceeded expectations, the unemployment rate rose significantly from 6.5% in the previous month to 6.8%. This …
[USD/JPY] Consolidation Continues
Last week, the movement of the USD/JPY exchange rate was limited to a narrow range of about 2.6 yen. The tug-of-war between the dollar and yen has made it hard …
[XAU/USD] Consolidation Continues
Last week, the sudden declaration of martial law in South Korea caused market turmoil, leading to increased gold purchases. Geopolitical risks, including the ongoing tensions between Ukraine and Russia, as …
Basic Japanese Candlestick Patterns
You have learned the body of candlestick in the previous week. Do you know that candlestick have many patterns? We will learn the basic pattern today.As a beginner, this is …
[EUR/USD] French Political Uncertainty Eases
French political uncertainty grew after the approval of a no-confidence vote against the government, leading to increased selling of the euro. However, far-right leader Marine Le Pen calmed fears by …
[USD/JPY] BOJ Rate Hike Speculation and Jobs Report
During Tokyo trading hours, comments from BOJ board member Nakamura, stating, “I am not opposed to a rate hike,” caused the USD/JPY to drop. The pair started at 150.77 yen …
[XAU/USD] Gold Faces Competition from Bitcoin
Gold prices dropped in the New York market even though U.S. long-term interest rates decreased. Gold has been struggling to rise, and its upward momentum remains limited. This decline is …