AUD/USD: Consolidation near multi-week high sets stage for potential breakout beyond 0.6900
AUD/USD Forex chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. AUD/USD: Consolidation near multi-week high sets stage for potential breakout beyond 0.6900 The US Dollar (USD) continues to face sustained selling pressure, marking a fresh low not seen since April 2022. Traders are increasingly convinced that the Federal Reserve (Fed) is approaching the end […]
EUR/USD Gains Amid Slowing US Inflation and Negative Dollar Mom.
EUR/USD Forex chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD Gains Amid Slowing US Inflation and Negative Dollar Mom. EUR/USD Continues Impressive Rally: Dollar Sell-Off Boosts Pair for Sixth Consecutive Day The EUR/USD currency pair extended its upward trajectory for the sixth consecutive day, displaying unwavering strength fueled by another bout of US […]
Daily Market Analysis – THURSDAY JULY 13, 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 – GDP (MoM) (May)USA – Initial Jobless ClaimsUSA – PPI (MoM) (Jun) Despite relinquishing some of its gains, the Dow Jones Industrial Average concluded Wednesday’s trading […]
GOLD Shines Bright: XAU/USD Poised for Continued Appreciation
GOLD chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. GOLD Shines Bright: XAU/USD Poised for Continued Appreciation In a notable rally, the price of gold has climbed to a four-week high, exhibiting strong potential for further appreciation. This surge is supported by the softer US CPI data, which has reinforced market expectations that the […]
EUR/USD Surges to Fresh 2023 High Amid US Dollar Weakness
EUR/USD Forex chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD Surges to Fresh 2023 High Amid US Dollar Weakness As the European session approaches, the EUR/USD pair maintains a strong bullish stance, flirting with a potential new high for 2023 around 1.1150. This upward momentum is primarily driven by a widespread weakness in […]
USD/CAD Reacts to BoC’s Interest Rate Increase and Weaker CPI
USD/CAD stock daily chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. USD/CAD Reacts to BoC’s Interest Rate Increase and Weaker CPI USD/CAD finds itself on the back foot, hovering near the 1.3180 level following underwhelming US inflation data. As anticipated, the Bank of Canada (BoC) raised interest rates by 25 basis points (bps) to […]
GOLD: US CPI Holds the Key to Surpassing the $1,950 Mark
GOLD daily chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. GOLD: US CPI Holds the Key to Surpassing the $1,950 Mark As the United States Dollar (USD) and US Treasury bond yields falter, the price of gold maintains its elevated position around $1,940, reaching a three-week peak. The bullish momentum of XAU/USD eagerly awaits […]
EUR/USD: ECB’s Inflation Outlook and USD Index Driving Market
EUR/USD Forex daily chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD: ECB’s Inflation Outlook and USD Index Driving Market The EUR/USD pair maintains its strength above the key level of 1.1000 as the US Dollar continues its downward trajectory in anticipation of the US inflation data. The sustained weakness in the USD Index […]
USD/CAD:Reaching Two-Week Low on Loonie Strength and USD Selling
USD/CAD stock daily chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. USD/CAD:Reaching Two-Week Low on Loonie Strength and USD Selling The USD/CAD pair continues its downward drift for the second consecutive day, reaching a two-week low on Wednesday. The Loonie gains support from bullish oil prices, while the prevailing selling bias towards the USD […]
Daily Market Analysis – WEDNESDAY JULY 12, 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 events: New Zealand – RBNZ Interest Rate DecisionUSA – Core CPI (MoM) (Jun)USA – CPI (YoY) (Jun)USA – CPI (MoM) (Jun)Canada – BoC Interest Rate DecisionUSA – Crude Oil Inventories The […]