EUR/USD Records Lowest Daily Close Since July 12 Amid Economic Weakness in Eurozone
EUR/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD Records Lowest Daily Close Since July 12 Amid Economic Weakness in Eurozone The EUR/USD pair faced another decline, marking its lowest daily close since July 12. Continuing its downward trend for the fifth consecutive day, the pair is undergoing a corrective phase after […]
USD/JPY Gains Momentum as Risk Sentiment Improves Ahead of Central Bank Events
USD/JPY D1 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. USD/JPY Gains Momentum as Risk Sentiment Improves Ahead of Central Bank Events In the early European session, EUR/USD is holding onto its gains above the 1.1200 level. The pair experienced a slight pullback due to a modest uptick in the US Dollar and Treasury […]
Daily Market Analysis – MONDAY JULY 24, 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 – S&P Global/CIPS UK Manufacturing PMIUSA – S&P Global US Services PMI (Jul) The Dow Jones Industrial Average celebrated a remarkable milestone on Friday, securing […]
GOLD Remains Indecisive at $1,965 Ahead of Crucial Fed Policy Decision
GOLD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. GOLD Remains Indecisive at $1,965 Ahead of Crucial Fed Policy Decision The price of gold (XAU/USD) is experiencing a lack of clear direction on Monday as investors eagerly await the Federal Reserve’s (Fed) interest-rate decision, seeking crucial guidance. Anticipation revolves around the widely expected […]
EUR/USD decline Towards 1.105 Following Disappointing Eurozone
EUR/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD decline Towards 1.105 Following Disappointing Eurozone After a relatively quiet Asian session, the EUR/USD pair faced an onslaught of bearish pressure, breaking below the critical level of 1.1100. Now, the focus shifts to the next potential support zone around 1.1050, although there may […]
AUD/USD Pair Seeks Stability Amidst Growing Global Uncertainties
AUD/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. AUD/USD Pair Seeks Stability Amidst Growing Global Uncertainties During the Asian session, the AUD/USD pair managed to find temporary support around 0.6715. However, the Australian currency has been on a consistent decline for the past week, largely due to the US Dollar Index (DXY) […]
Daily Market Analysis – FRIDAY JULY 21, 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! Tech Titans’ Earnings Fall Short as Dow Soars: Anticipation Builds for Fed’s Rate Hike and Key Economic Data Key News: UK – Retail Sales (MoM) (Jun)Canada – Retail […]
Volatility in GOLD Price as USD Swings: What to Expect Next?
EUR/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. Volatility in GOLD Price as USD Swings: What to Expect Next? Gold maintains its ground at $1,970, ( Currently $1963.60 ) continuing its three-week uptrend, as investors closely monitor central banks’ actions. Thursday witnessed fluctuations in the US Dollar, causing volatility in Gold price. […]
USD/JPY Surges Above 140.20 Mark Amid BoJ Rate Decision Anticipation
USD/JPY H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. USD/JPY Surges Above 140.20 Mark Amid BoJ Rate Decision Anticipation USD/JPY witnessed a surge above the 140.20 mark as investors eagerly awaited the Bank of Japan’s (BoJ) rate decision. Weekly data from the US Department of Labour (DOL) revealed positive figures, with Initial Jobless […]
EUR/USD Faces Short-Term Dollar Strength Amidst Upcoming Fed and ECB Meetings
EUR/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD Faces Short-Term Dollar Strength Amidst Upcoming Fed and ECB Meetings EUR/USD encountered its second consecutive daily decline, driven by a stronger US dollar, leading to its worst daily loss in a month. Despite the retreat, the pair’s overall trend remains upward, but short-term […]