Analysis

Gold faces setback after hitting 5-month peak

Gold faces setback after hitting 5-month peak

Gold surges to a fresh 5-month high amid increasing geopolitical tensions - Pulls back below the 2,000 psychological mark in the following session - Momentum indicators ease from overbought levels
XM Group | 645 days ago
The Trading Week Ahead

The Trading Week Ahead

This week, all eyes are on the US NFP and Employment figures, as well as the EURO Area GDP Growth Rate, which could significantly impact the EURUSD. We'll also be closely monitoring Germany's GDP Growth Rate QoQ Flash and New Zealand's Unemployment rate.
ACY Securities | 645 days ago
What is the USD Trajectory Going Ahead Into 2023 Q4?

What is the USD Trajectory Going Ahead Into 2023 Q4?

In the past month, the U.S. dollar index (DXY) remained largely stable, exhibiting fluctuations without a clear directional trend. During October, the dollar struggled to gain momentum in either direction. Over this period, the dollar strengthened against the Norwegian krone, Canadian dollar, and Japanese yen but weakened against the euro and Swiss franc.
ACY Securities | 645 days ago
ECB Rate Pause Impact on EURUSD

ECB Rate Pause Impact on EURUSD

The EUR/USD exchange rate has remained relatively stable following the European Central Bank's (ECB) recent policy announcement, which closely resembled the statement from September.
ACY Securities | 645 days ago
Daily Global Market Update

Daily Global Market Update

Oil-Dollar pair surged 1.8%, Aussie Dollar steady, Euro-Dollar neutral, Dollar-Yen sideways. Renminbi transactions up 24%. Global growth to slow to 3.1% in 2023. Economic highlights today: Japan's Unemployment, Germany's GDP, Australia's Retail Sales, and more.
Moneta Markets | 645 days ago
Daily Global Market Update

Daily Global Market Update

Pound-dollar pair up 0.1%, negative sentiment via Ultimate Oscillator. Bitcoin down 0.9%, overbought per Stochastic RSI. Oil-dollar pair drops 2% with negative trend from RSI. Aussie up 0.4%, positive signal from Stochastic RSI. Bitcoin supply tightens, ECB holds rates, gold at 5-month high.
Moneta Markets | 648 days ago
Market Anticipates Pause in Rate Hike

Market Anticipates Pause in Rate Hike

The market expects the Fed to hold interest rates steady. The Bank of England likely won't raise rates due to sluggish UK growth. US employment saw a notable increase, but the Fed may pause rate hikes. The US unemployment rate remains at 3.8%, with a tight labour market.
PU Prime | 648 days ago
Keeping your Trading Rules ROCK Solid - To Avoid Emotional Errors

Keeping your Trading Rules ROCK Solid - To Avoid Emotional Errors

Join Nathan Bray from ACY Securities for an educational video that delves into the essential art of "Keeping your Trading Rules ROCK Solid - To Avoid Emotional Errors." In this eye-opening session, Nathan emphasizes how maintaining consistency in your trading rules is a critical factor in determining your success as a trader.
ACY Securities | 649 days ago
EUR Lower Despite Better Than Expected LFO

EUR Lower Despite Better Than Expected LFO

The daily interaction between the USD and yields is proving to be rather unpredictable. In previous discussions, I've highlighted the USD's inability to fully capitalize on previous increases in US yields, often attributing this to diminished expectations of Federal Reserve interest rate hikes or sporadic surges of risk appetite in the equity markets.
ACY Securities | 649 days ago
USD Selling Not Sustained for Long!

USD Selling Not Sustained for Long!

The US dollar experienced an unexpected and notably significant sell-off on Monday but rebounded strongly yesterday, effectively recovering all the losses from the previous day. While there were initial concerns that this might signify the beginning of a decline in US exceptionalism, it was premature to conclude that the US dollar was about to experience sustained depreciation.
ACY Securities | 649 days ago