Gold Surges Toward $1,940 Amid Easing Rate Hike Fears and Anticipation of Powell’s Speech
GOLD H8 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. Gold Surges Toward $1,940 Amid Easing Rate Hike Fears and Anticipation of Powell’s Speech Gold prices (XAU/USD) are on an upward trajectory, reaching a two-week high and marking their fifth consecutive day of gains. Bullish momentum is taking hold as concerns of higher interest […]
USD/CAD Consolidates as Traders Await US Data and Jackson Hole Symposium Insights
USD/CAD D1 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. USD/CAD Consolidates as Traders Await US Data and Jackson Hole Symposium Insights After reversing from a three-month high, USD/CAD finds itself in a state of uncertainty, hovering around 1.3520 in the early European hours on Thursday. The cautious sentiment in the market prevails as […]
EUR/USD Bounces Towards 1.0900 Amidst Anticipation of Key US Data and Jackson Hole Symposium
EUR/USD D1 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD Bounces Towards 1.0900 Amidst Anticipation of Key US Data and Jackson Hole Symposium EUR/USD is staging a recovery towards the 1.0900 level, buoyed by renewed buying interest near 1.0850 early on Thursday. This resurgence comes as the US dollar takes a step back, […]
GBP/USD Dips Below 1.2700 as UK Economic Data Sparks Concerns
GBP/USD H12 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. GBP/USD Dips Below 1.2700 as UK Economic Data Sparks Concerns In a fluctuating market, the GBP/USD currency pair took a downward turn, plummeting to a fresh weekly low beneath the 1.2700 level. The Asian trading session saw the pair navigating a narrow range around […]
Daily Market Analysis – WEDNESDAY AUGUST 23, 2023
Greetings, traders! Welcome back to our daily Market Analysis. Today, we have gathered the top news and interesting fundamental analysis for your consideration. Let’s dive in and stay informed! Key events: USA – Building PermitsUSA – S&P Global US Services PMI (Aug)USA – New Home Sales (Jul)USA – Crude Oil Inventories On Tuesday, global stock […]
Gold Price Gears Up for Upside Momentum as Yield Rally Stalls
GOLD H8 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. Gold Price Gears Up for Upside Momentum as Yield Rally Stalls Gold price is showing renewed strength this week, capitalizing on the pause in the rally of US Treasury yields. This shift in momentum comes as hopes for additional interest-rate hikes from the Federal […]
GBP/JPY Retreats from YTD Highs Near 187.00 as Japanese Yen Strengthens
GBP/JPY H12 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. GBP/JPY Retreats from YTD Highs Near 187.00 as Japanese Yen Strengthens The GBP/JPY pair stands at 184.00, indicating a decline of 1.45% from the previous Top, influenced by a dip in the US 10-year Treasury bond yield. GBP/JPY is positioning itself to challenge the […]
EUR/USD Slides Below 1.0850 Amid Disappointing German and EU PMI
EUR/USD H12 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD Slides Below 1.0850 Amid Disappointing German and EU PMI Data The EUR/USD currency pair found itself under a wave of bearish pressure, sinking below the critical 1.0850 mark in response to disappointing PMI data from Germany and the European Union (EU). The latest […]
USD/JPY Trades Near 145.50 Amidst Mixed Market Signals
USD/JPY H8 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. USD/JPY Trades Near 145.50 Amidst Mixed Market Signals The USD/JPY pair currently hovers around 145.50 on the day. The immediate support level for USD/JPY is identified at the 144.95 area. This level serves as a focal point as the market digests a blend of […]
Tesla’s Second-Quarter Rollercoaster: Analyzing Earnings, Strategies, and Investment Potential
TESLA H8 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. Tesla’s Second-Quarter Rollercoaster: Analyzing Earnings, Strategies, and Investment Potential Tesla, a company known for its electric cars and innovative vision, has experienced a rollercoaster ride in 2023, leaving investors with a whirlwind of emotions and a multitude of questions. The second-quarter results, concluding on […]