The GBP/USD is trading in anticipation of a policy update from the British Central Bank this week. The Bank of England (BoE) may not raise interest rates, as the bank has hiked wages. However, there is a lot of caution as inflation unexpectedly rose last month. This update will be next Thursday. Recently, the U.S. […]
Daily Technical Analysis on EUR/USD: EUR/USD looks to reach much stronger support levels
Those looking for a stronger dollar in the market may feel disappointment if the EUR/USD finds significant support in the 1.0825-1.0850 range. Consequently, a potential rebound may not occur if the Federal Reserve (Fed) fails to demonstrate a strong stance against the dollar, contrary to market expectations of a rate cut in March. Determining whether […]
Technical Analysis on XAU/USD: The Prices continue to rise
At the beginning of this week, advances and pullbacks have been evident in the XAU/USD price. For now, the only clear thing is that if you are thinking of buying in the short term, it is very likely that resistance is located at the level of USD 2,000, and if there is a break through […]
Daily Technical Analysis on USD/JPY: Lots of speculation awaiting US growth and inflation data
The currency pair is currently overbought, and a downtrend may occur. However, investors should know what may happen in the coming days. The Bank of Japan (BoJ) was cautious this week and did not change its economic policy. Instead, it is believed that the BoJ will let the Federal Reserve (Fed) take the spotlight. Japan’s […]
Daily Technical Analysis on BTC/USD: Bitcoin remains in the support zone
After reaching the 38,500.00 USD level on Tuesday this week, the BTC/USD price has left the lows and is now settling above 40,000.00 USD. Since the inception of ETFs in the United States, which allow trading of the BTC/USD pair, there has been no major upward trend. The market is divided as some investors believe […]
Daily Technical Analysis on USD/CAD: There is a short-term downtrend, and we await the Bank of Canada’s decision
The USD/CAD pair reached the 1.34925 level yesterday but suffered a downtrend. As of this analysis, it is trading near the 1.33460 mark. In the last few hours, pressure on selling positions has been evident, even though support levels are in focus. However, investors await the Bank of Canada’s (BoC) interest rate decision. For now, […]
Daily Technical Analysis on XAU/USD: Prices continue to trend upwards
At the beginning of the week, the price of gold (XAU/USD) rose and stabilized at the resistance level of USD 2,037 per ounce at the time of writing. Interest rate markets in the U.S. market continue to give the likely view that there could be a near 50% interest rate cut by the Federal Reserve […]
Technical analysis on EUR/USD today: Bearish momentum hits the pair in expectation of European inflation figures
Selling in the euro currency has increased following hints from the European Central Bank that suggest interest rate cuts may not be guaranteed by 2024. Similarly, political tensions such as those occurring in the Middle East threaten energy markets and will likely be an extra pressure for the European Central Bank to bear, more so […]
Technical Analysis on XAU/USD: Gold remains strong despite the strengthening dollar in the market
Gold continues to be strong and could reach its all-time high in 2024. However, this all depends on the behavior of interest rates and the price of the US dollar. At the end of last year, the Federal Reserve ended interest rate hikes in the United States. This could lead to flexibility in monetary policy, […]
Technical Analysis on USD/EUR: The pair is looking to recover ahead of the release of US inflation figures, so caution is advised
There is a lot of optimism in the market regarding inflation. While experts expect inflation to decrease significantly by 2024, there are doubts about achieving the Fed’s target of 2%. In the coming months, especially in March, if inflation shows signs of weakness and decline, the Fed may cut interest rates. All remains to be […]