USD/JPY Continues Slide Amid Hawkish BoJ Comments
USD/JPY H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. USD/JPY Continues Slide Amid Hawkish BoJ Comments During Wednesday’s European session, the USD/JPY pair extended its decline to 142.35, erasing gains made from an intraday low. The pair retreated from its highest levels in three weeks, reaching the 78.2% Fibonacci retracement level. The recent […]
EUR/USD Faces Selling Pressure as US Labor Market Data Awaited
EUR/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD Faces Selling Pressure as US Labor Market Data Awaited In the Asian session, the EUR/USD pair encountered selling pressure above the key psychological resistance level of 1.1000. Investors turned cautious as they awaited the release of United States labor market data at 12:15 […]
Daily Market Analysis – TUESDAY AUGUST 01, 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: Australia – RBA Interest Rate Decision (Aug)UK – S&P Global/CIPS UK Manufacturing PMI (Jul)USA – ISM Manufacturing PMI (Jul)USA – JOLTs Job Openings (Jun) On Monday, both Wall […]
Gold Price Loses Momentum Amid US-China Tensions and Soft Economic Data
GOLD Daily chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. Gold Price Loses Momentum Amid US-China Tensions and Soft Economic Data As the early European session unfolds, the gold price shows signs of losing momentum around the $1,955 level. XAU/USD faces follow-through selling pressure as tensions between the US and China over access to […]
GBP/USD Faces Selling Pressure Amid Fed Policy Tightening Prospects
GBP/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. GBP/USD Faces Selling Pressure Amid Fed Policy Tightening Prospects The GBP/USD pair experienced continued selling pressure for the second consecutive day on Tuesday, but managed to stay above the 1.2800 mark during the Asian session. The US Dollar (USD) gained strength on the back […]
Euro Faces Selling Pressure Against US Dollar as EUR/USD Dips Below 1.1000
EUR/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. Euro Faces Selling Pressure Against US Dollar as EUR/USD Dips Below 1.1000 In the first half of the week, the Euro (EUR) encountered persistent selling pressure against the US Dollar (USD), resulting in a decline of the EUR/USD pair below the crucial 1.1000 level […]
Bullish Momentum in XAU/USD: US Economic Resilience Spurs Investor Confidence
GOLD D1 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. Bullish Momentum in XAU/USD: US Economic Resilience Spurs Investor Confidence On Monday, the price of gold (XAU/USD) experienced a correction after facing resistance above $1,960.00. The robust performance of the United States in the April-June quarter has reinforced expectations for more interest-rate hikes from […]
USD/JPY Surges Above 142.00 After BoJ Policy Tweak
USD/JPY H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. USD/JPY Surges Above 142.00 After BoJ Policy Tweak In the European session, the USD/JPY pair shows strength, comfortably surpassing the crucial resistance level of 142.00. This surge comes as investors digest the recent tweak in the interest rate policy by the Bank of Japan […]
EUR/USD Holds Steady as US Economy Outperforms Expectations
EUR/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD Holds Steady as US Economy Outperforms Expectations The European Central Bank (ECB) raised key rates by 25 basis points (bps) as anticipated following its July policy meeting. While acknowledging a near-term economic outlook with some challenges, ECB President Christine Lagarde also expressed confidence […]
Daily Market Analysis – MONDAY JULY 31, 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: China – Manufacturing PMI (Jul)Eurozone – CPI (YoY) (Jul) The Dow Jones Industrial Average celebrated a third straight weekly gain, rising 0.5% or 176 points. The […]