Markets closed higher on Thursday, thanks to the outcome of the ECB meeting and speeches of Christine Lagarde and Jerome Powell. Optimism clearly spilled over, so stocks and commodities rose up, while dollar fell down. But at first glance, markets semed to have acted illogically as euro and European stock indices declined. That was after […]

Crypto Industry News: The cryptocurrency industry has lost a trillion dollars in recent months as Bitcoin plunged below $ 20,000. Famous investor Peter Schiff says the fierce competition from altcoins is taking its toll. Less than a month ago, the price of Bitcoin soared above the $ 23,000 mark. The sharp decline in the cryptocurrency […]

At the close of the New York Stock Exchange, the Dow Jones rose 0.61%, the S&P 500 rose 0.66% and the NASDAQ Composite rose 0.60%. Salesforce.com Inc was the leading gainer among the components of the Dow Jones index today, up 3.62 points or 2.36% to close at 156.90. JPMorgan Chase & Co rose 2.70 […]

The price of gold dropped like a rock after reaching the 1,728 level. Now, it is trading at 1,708 and it tries to rebound and recover after its massive drop. Still, technically, the bias remains bearish despite temporary throwbacks. XAU/USD rallied after the BOC increased the Overnight Rate from 2.50% to 3.25%. Today, the yellow […]

Gold price made a bounce towards the short-term cloud resistance of $1,727. Price action is bearish. Price got rejected at the cloud resistance and is turning lower. Gold bulls remain weak in the short-term as long as price is below the Kumo (cloud). At $1,709 we find the tenkan-sen (red line indicator) and the kijun-sen […]

Technical analysis: Gold has been trading upside this morning and it is approaching the key resistance level at $1.726. Watch for the reaction of this key pivot resistance to confirm further direction. In case of the rejection of key resistance at 1.726, watch for the downside rotation towards $1.690 In case of the upside breakout […]

Early in the European session, gold (XAU/USD) is trading at 1,714.33. Yesterday in the American session, gold managed to consolidate above the 21 SMA located at 1710, giving it a positive outlook for the coming days. Gold is currently trading above the 21 SMA and below the 3/8 Murray. Both levels could be acting as […]

At the close in the New York Stock Exchange, the Dow Jones rose 1.40%, the S&P 500 index rose 1.83%, the NASDAQ Composite index rose 2.14%. The leading performer among the components of the Dow Jones index today was 3M Company, which gained 3.95 points or 3.39% to close at 120.55. Nike Inc rose 3.33 […]

XAU/USD Strong Growth! The price of gold failed to reach the 1,692 previous low and it has just registered strong growth. It stands at 1,717 at the time of writing and is almost to reach the downtrend line which represents an upside obstacle. Also, the 1,724 former high is seen as an upside obstacle. Technically, […]

Gold price is trading around $1,700. We use the Ichimoku cloud indicator in order to identify key resistance levels that need to be broken in order for short-term trend to change to bullish. For now bears are in full control of the trend. Price is below the Kumo (cloud) and both the tenkan-sen (red line […]

Everything ends sometime. The end of the era of easy money for gold means only one thing—hard times are coming. The precious metal was reaching its historical peaks thanks to the colossal cheap liquidity from the Fed, which drove real yields into the negative area. The Fed is now aggressively tightening monetary policy, bringing real […]

Technical analysis: Gold has been trading downside during the Tokyo session and the price has been reached my main downside objective at $1.690. Anyway, Gold reacted strongly from the support and now its on the way for the upside objective. Trading recommendation: Due to the strong rejection of the key support at $1.690, I see […]

At the close on the New York Stock Exchange, the Dow Jones fell 0.55% to a one-month low, the S&P 500 fell 0.41%, and the NASDAQ Composite fell 0.74%. The leading performer among the components of the Dow Jones index today was Visa Inc Class A, which gained 0.88 points (0.45%) to close at 198.64. […]

The price of gold has dropped like a rock today and now it is trading at the 1,701 level. Unfortunately, XAU/USD failed to stay in the buyer’s territory, so a deeper drop is in the cards. Fundamentally, the RBA increased the Cash Rate from 1.85% to 2.35% matching expectations. Also, the BOC and the ECB […]

An action-packed week lies ahead, featuring central bank meetings in the Eurozone, Canada, and Australia, an output decision from the OPEC cartel, and the selection of the next UK prime minister. The ECB will likely steal the show, as policymakers seem prepared to roll out the big guns to defend the sinking euro. 0:00 Intro […]

The US nonfarm payrolls report will take centre stage next week as speculation about the size of the Fed’s next rate hike goes into overdrive. Investors will also be keeping a close eye on the latest inflation readings in the euro area ahead of the September rate decision amid growing gloom about the bloc’s economic […]

Another pivotal week for global markets lies ahead. The main event will be the latest CPI report from the United States, which will reveal whether inflation has finally started to cool off. That’s what business surveys and commodity prices suggest, setting the stage for a retracement in the almighty dollar. For more information on the […]

The coming week is shaping up to be another crucial one for gauging recession risks and monetary policy paths. It’s NFP week in the United States and the RBA and Bank of England will decide whether to accelerate their hiking cycles. The ISM PMIs are bound to attract a lot of attention as well in […]

USDJPY managed to close clearly above the tough resistance of 134.35 on Tuesday before pulling back during Wednesday’s early European trading hours, boosting optimism that the bullish cycle could see further continuation ahead of the FOMC policy announcement today at 18:00 GMT. Some profit-taking cannot be ruled out in the short term as the RSI and the Stochastics […]

NZDUSD is trying to recoup significant losses that were posted in the previous eight days, recording a new 25-month low below the 0.6200 round number. The 20- and 40-day simple moving averages (SMAs) appear ready to post a bullish crossover in the short-term, while the technical indicators are confirming the recent positive move. The RSI rebounded off the oversold region, and the […]

Technical Market Outlook: The GBP/USD pair had made a new swing low at the level of 1.1933, so the down trend is still intact, however the last down wave had ended up with a Pin Bar candlestick. The bulls might be ready for the pull-back or even a bounce higher. The nearest technical resistance is […]

Technical Market Outlook: The EUR/USD pair had broken out of the channel and made a new local low at the level of 1.0399, so the WXY complex corrective cycle was extended to the downside, deeper inside the bearish zone. Nevertheless, the correction looks completed now as the bulls continue to move higher. The nearest technical […]

Crypto Industry News: Edward Snowden was interviewed at yesterday’s Consensus 2022 conference in Austin, Texas. The famous author of books and whistleblower shared his thoughts with the audience about Bitcoin, Zcach, Monero and the future of the entire cryptocurrency market. Edward Snowden became famous in 2013, right after the disclosure of classified data and the […]

Crypto Industry News: Do Kwon, CEO and co-founder of the infamous Terra and TerraUSD ecosystems, denied the allegation of paying $ 80 million a month for nearly three years. On June 11, there were numerous unconfirmed reports claiming that Kwon had participated in pre-crash LUNA and UST funds to purchase US dollar-anchored stablecoins such as […]

Technical outlook: USD/JPY rose to the 135.47 high during early Asia Session on Wednesday before hitting potential resistance. The currency pair slipped lower towards 135.00 at this point of writing and is expected to break below 133.60 in the near term. On the flip side, yet another high could be print above 135.47, but it […]