[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 …
[AUD/JPY] Australian GDP Falls Below Expectations
With the unrest caused by South Korea’s emergency situation calming down, risk-off sentiment eased. In the Tokyo market, the AUD/JPY (Australian Dollar/Japanese Yen) pair saw early buying and rose to …
[USD/JPY] Bank of Japan Likely to Hold Off on Rate Hike
During Tokyo trading hours, reports from some news agencies suggested that the Bank of Japan (BOJ) might hold off on raising interest rates at their December meeting. This news pushed …
[XAU/USD] Risk-Off Sentiment Eases and Fed’s Hawkish Stance
Gold prices struggled to rise as tensions in South Korea, which had triggered a state of emergency the previous day, began to settle. However, when the U.S. ISM Non-Manufacturing PMI …
[EUR/USD] Strong U.S. Economy
In the Tokyo market, the euro dropped to 1.0481 as U.S. long-term interest rates rose, leading to euro selling. However, in the European market, the trend reversed, and the euro …
[USD/JPY] Yen Buying Due to Risk-Off Sentiment
Yesterday in the Tokyo market, the Nikkei stock index rose sharply, which led to yen selling (risk-on sentiment) and dollar buying due to rising U.S. interest rates. As a result, …