Daily Market Analysis – TUESDAY AUGUST 08, 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 – FOMC Member Harker SpeaksUSA – ExportsUSA – ImportsUSA – Trade Balance (Jun)USA – EIA Short-Term Energy Outlook Wall Street commenced the week […]
Gold Slips Below $1,955 Mark Amid Strengthening US Dollar
GOLD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. Gold Slips Below $1,955 Mark Amid Strengthening US Dollar Gold prices are experiencing a downward trend for the second consecutive day, struggling to overcome the $1,955 hurdle, primarily due to a firmer US Dollar and negative market sentiment. The US Dollar’s resurgence is taking […]
EUR/USD Climbs to 1.1000 Amid Weaker US Dollar and Improved Risk Sentiment
EUR/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD Climbs to 1.1000 Amid Weaker US Dollar and Improved Risk Sentiment During the American trading session, the EUR/USD currency pair staged a recovery, ascending to the 1.1000 level. The primary impetus behind this ascent was a broad-based depreciation of the US dollar, driven […]
The AUD/USD currency pair finds itself under pressure
AUD/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. The AUD/USD currency pair finds itself under pressure The AUD/USD currency pair finds itself under pressure, gravitating towards the 0.6500 level, as it registers its first daily loss in four consecutive sessions. The morning hours of Tuesday in Europe witness the Aussie dollar facing […]
Daily Market Analysis – MONDAY AUGUST 07, 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 – FOMC Member Harker SpeaksUSA – FOMC Member Bowman SpeaksUK – BoE MPC Member Pill Speaks European markets managed to eke out modest […]
XAU/USD Faces Uncertainty Amid Upcoming US CPI Data
GOLD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. XAU/USD Faces Uncertainty Amid Upcoming US CPI Data The Gold price (XAU/USD) experienced a short-lived pullback before falling back again, with investors exhibiting caution ahead of the release of the United States Consumer Price Index (CPI) data on Thursday. The precious metal struggled to […]
EUR/USD: EUR Weakens Against USD Amidst Renewed Risk-Off Sentiment
EUR/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD: EUR Weakens Against USD Amidst Renewed Risk-Off Sentiment At the beginning of the week, the Euro (EUR) faced a downward bias against the US Dollar (USD), causing the EUR/USD pair to revisit the sub-1.1000 region as European markets opened on Monday. On the […]
AUD/USD Starts the Week Positively Amidst Soft US Employment Data
AUD/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. AUD/USD Starts the Week Positively Amidst Soft US Employment Data The AUD/USD pair commenced the new week on a positive note, gaining traction and hovering near the 0.6575 mark during the Asian session on Monday. The Australian Dollar’s upward momentum was supported by disappointing […]
NZD/USD Bounces Back After Mixed NFP Report from the US, But Faces Third Consecutive Weekly Loss
NZD/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. NZD/USD Bounces Back After Mixed NFP Report from the US, But Faces Third Consecutive Weekly Loss The NZD/USD currency pair experienced a surge above the 0.6100 threshold following the release of the nonfarm payrolls (NFP) report from the US, which showed mixed results. Despite […]
USD/JPY Slides Below 142.00 as US Nonfarm Payrolls Disappoint
USD/JPY H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. USD/JPY Slides Below 142.00 as US Nonfarm Payrolls Disappoint The USD/JPY currency pair experienced a decline below the 142.00 level, dropping by 0.47% in response to the US Nonfarm Payrolls report missing market expectations. The US labor market showed signs of easing, and adjustments […]