Gold Price Bounces Back on Soft US Employment Cost and PCE Data
GOLD D1 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. Gold Price Bounces Back on Soft US Employment Cost and PCE Data Gold price faced a setback as the Greenback gained significant strength, boosted by the US economy’s resilience. The second-quarter GDP and demand for Durable Goods in June remained robust, primarily driven by […]
USD/JPY Pair Rebounds Strongly Amidst BOJ’s Dovish Stance
USD/JPY H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. USD/JPY Pair Rebounds Strongly Amidst BOJ’s Dovish Stance The USD/JPY pair experienced a remarkable rebound, surging close to the 141.50 mark, following four consecutive days of losses. However, these gains were short-lived as the Bank of Japan (BOJ) reiterated its commitment to maintaining an […]
GBP/USD Shows Signs of Recovery Amid Easing Market Sentiment
GBP/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. GBP/USD Shows Signs of Recovery Amid Easing Market Sentiment Despite Facing Challenges, GBP Recovers from Negative Sentiment The Pound Sterling (GBP) has shown signs of recovery as negative market sentiment begins to ease, even in the face of a United Kingdom struggling to maintain […]
EUR/USD Showed Upside Momentum amid Cooling US Inflation
EUR/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD Showed Upside Momentum amid Cooling US Inflation EUR/USD experienced an upward trajectory on Friday as US Dollar bears capitalized on the news of inflation showing signs of cooling in June, based on Personal Consumption Expenditure data. Despite this, the DXY managed to secure […]
USD/CHF in the Spotlight: PCE Core Deflator and Michigan Consumer Sentiment Forecasts
USD/CHF D1 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. USD/CHF in the Spotlight: PCE Core Deflator and Michigan Consumer Sentiment Forecasts As the new trading week unfolds, forex traders are closely monitoring several key economic indicators that could significantly impact currency pairs, particularly the USD/CHF. The Swiss KOF Leading Indicator for July is […]
GOLD Price Dips as Confidence Grows in September Rate Hike
GOLD D1 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. GOLD Price Dips as Confidence Grows in September Rate Hike The price of gold (XAU/USD) faced a bearish turn during Friday’s European session as the US Dollar strengthened further, supported by the resilience of the United States economy. The precious metal is under pressure […]
EUR/USD Hovers at Three-Week Low Ahead of Key Inflation Data
EUR/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD Hovers at Three-Week Low Ahead of Key Inflation Data The EUR/USD currency pair continues to trade sideways at its lowest level in three weeks, with investors closely awaiting key inflation data from Germany and the US. The recent rate hike by the European […]
USD/JPY Pair Surges Above Key Resistance Level on Strong US Economic Data
USD/JPY D1 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. USD/JPY Pair Surges Above Key Resistance Level on Strong US Economic Data The USD/JPY pair made a significant upward move, surpassing the crucial resistance level of 140.50, following a report by the United States Bureau of Economic Analysis, highlighting the economy’s resilience in the […]
Daily Market Analysis – FRIDAY JULY 28, 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: Japan – BoJ Press ConferenceUSA – Core PCE Price Index (MoM) (Jun)USA – Core PCE Price Index (YoY) (Jun) The Dow Jones Industrial Average is on the […]
Daily Market Analysis – THURSDAY JULY 27, 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: Eurozone – Deposit Facility Rate (Jul)Eurozone – ECB Interest Rate Decision (Jul)USA – Core Durable Goods Orders (MoM) (Jun);USA – GDP (QoQ) (Q2;USA – Initial Jobless Claims;Eurozone – ECB Press […]