Joshua

The rally in gold and silver loses strength, but maintains an upward bias. Fed Powell’s comments reinforce lower Treasury yields. XAU/USD with resistance at 1780/$85, above, more rises expected. Gold is rising on Thursday for the third day in a row. Powell’s speech gave it more momentum and it went as high as $1783, the […]

AUD/USD rises for the third day in a row and hits a new monthly high. Dovish comments from Fed Chairman Powell keep the dollar depressed and offer some support. China’s problems with COVID-19 turn out to be the only factor limiting the pair’s gains. The pair AUD/USD gains traction for the third day in a […]

GBP/USD hits a new weekly high on Thursday amid a sustained USD selling trend. Dovish comments from Fed Chairman Powell and weakness in US bond yields weigh on the dollar. The technical setup favors the bulls and supports prospects for further gains. The pair GBP/USD extends Wednesday’s rebound from week-long lows and gains traction for […]

The latest survey by the Bank of England’s panel of decision makers (DMP) showed that “companies expect that the increase in interest rates will cause a decrease in investment and employment“, according to Reuters. Featured results Private sector producer price inflation was 7.2% in November, compared with 7.8% in October. Producer price inflation forecast for […]

The German manufacturing PMI rose 1.1 points in November, rising to 46.2 from 45.1 in October, although it did not reach the forecasts of 46.7 points. In the German country, the manufacturing sector remains in contraction territory, but cost and supply pressures are easing, S&P Global reports. The PMI manufacturing in the euro zone increased […]

EUR/USD is well positioned above 1.04. The most it can go this month is 1.05/1.06 levels, ING economists say. Weak global demand is not a good story for the procyclical euro “The resistance is clearly set in the 1.0480/1.0500 zoneabove which we could see a rally towards the 1.0600/0620 zone. Not our preferred view, but […]

This is what you need to know to trade today thursday december 1: The US dollar remains low on the first trading day of December, as markets position themselves on the possibility of a smaller rate hike from the Federal Reserve. The 10-year US Treasury yield is hovering near 3.6% after losing almost 4% on […]

USD/JPY updates 14-week low after four days of downtrend. Powell and Yellen favor hopes for smaller rate hikes. USD/JPY is on slippery ground, extending the previous decline towards the lowest levels since late August after the Bank of Japan (BOJ) policymaker signaled a withdrawal of stimulus early Thursday morning. . As a reaction, the pair […]

EUR/USD rallies are expected to find stiff resistance at the 1.0500 area in the near termas suggested by economist Lee Sue Ann and market strategist Quek Ser Leang of UOB Group. 24 hour perspective: “The euro traded choppy yesterday as it briefly plunged to 1.0288 before reversing sharply and hitting a high of 1.0428. Further […]

The price of gold is in offer after the declarations of the president of the Fed Powell dovish. There could be a consolidation ahead if the bulls fail to break above $1,770. The price of gold is rising due to a dovish speech by Federal Reserve Chairman Jerome Powell on Wednesday which plunged the US […]