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Daily Market Analysis – FRIDAY AUGUST 04, 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 News: USA – Average Hourly Earnings (MoM) (Jul)USA – Nonfarm Payrolls (Jul)USA – Unemployment Rate (Jul)Canada – Employment Change (Jul)Canada – Unemployment Rate (Jul) European […]

Gold Price Holds Steady Amidst Economic Indicators and US-China Tensions

GOLD Daily chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. Gold Price Holds Steady Amidst Economic Indicators and US-China Tensions The price of gold maintains a tight trading range around the $1,930 level as investors keep a close eye on market-moving factors. A series of recent economic data releases and escalating tensions between the […]

EUR/USD Stages Modest Rebound Amid Mixed Data and Improved Risk Sentiment

EUR/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD Stages Modest Rebound Amid Mixed Data and Improved Risk Sentiment After a series of negative performances earlier in the week, EUR/USD managed to make a modest recovery late on Thursday. As of early Friday, the pair is trading within a narrow range around […]

GBP/USD Surges as Bank of England Raises Rates and Focus Shifts to US Nonfarm Payrolls

GBP/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. GBP/USD Surges as Bank of England Raises Rates and Focus Shifts to US Nonfarm Payrolls During the early Asian session on Friday, the GBP/USD pair rebounded, gaining 0.17% for the day and reaching 1.2730 after breaking a four-day losing streak. The Bank of England […]

Daily Market Analysis – THURSDAY AUGUST 03, 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 News: UK – BoE Interest Rate Decision (Aug)USA – Initial Jobless ClaimsUSA – S&P Global US Services PMI (Jul)USA – ISM Non-Manufacturing PMI (Jul) European markets faced a second […]

GOLD Price Under Pressure Amid Strong US Labor Market Data

GOLD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. GOLD Price Under Pressure Amid Strong US Labor Market Data The price of gold (XAU/USD) is currently finding support above the immediate level of $1,930.00. However, a bearish sentiment prevails as the US labor market data demonstrates resilience beyond expectations. The stellar increase in […]

EUR/USD Extends Losses Amidst Challenging Market Sentiment

EUR/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD Extends Losses Amidst Challenging Market Sentiment The EUR/USD pair faced a bearish start to the week, as it closed the first three days in negative territory, reaching its lowest level since July 7. However, a slight rebound was observed thereafter. Despite the bounce, […]

USD/JPY Witnesses Minor Losses near 143.20 amid Japanese Authorities’ Currency Defense

USD/JPY H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. USD/JPY Witnesses Minor Losses near 143.20 amid Japanese Authorities’ Currency Defense During the early hours of Thursday, USD/JPY experienced mild losses as Japanese authorities implemented measures to safeguard their currency. The cautious optimism prevailing in the market and the retreat of the US Dollar […]

Daily Market Analysis – WEDNESDAY AUGUST 02, 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 News: USA – ADP Nonfarm Employment Change (Jul)USA – Crude Oil Inventories On Tuesday, the S&P 500 experienced a slight setback, primarily driven by pressure on consumer […]

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