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Here’s why BofA says de-dollarization is happening "but not as we think"
BySilas WHere’s why BofA says de-dollarization is happening "but not as we think" Source link
Gold Forecast: Bears Pounce $4,000 Level, Eying Deeper Correction – Forex Crunch
BySilas WGold forecast tumbles as risk sentiment improves globally, while investors book profit. Gold finds no respite despite Fed’s imminent rate cut this week. Traders look forward to the US HPI Y/Y and US Consumer Confidence for more impetus today. The gold forecast shows a strong bearish trend as the asset traded was just above $3,900…
4 Instances When It’s Okay To NOT Take Trades
BySilas WTo trade or not to trade? Trading from home and having more time to watch the charts and market headlines doesn’t necessarily mean you have to take more setups. For most traders, even seasoned professionals, this is easier said than done. After all, forex price action can often be fast-paced and exciting, and the idea…
Chart Art: GBP/JPY’s Potential Trend Pullback Play
BySilas WGBP/JPY is taking a breather after several straight sessions of gains! Are we seeing a trend pullback? Or the start of a longer-term bearish reversal? We’re zooming in on the 4-hour time frame for more clues: GBP/JPY 4-hour Forex Chart by TradingView The British pound traded mixed on Wednesday as risk sentiment grew shaky, with…
US Dollar soft after Consumer Confidence figures, eyes on Fed speakers
BySilas WDXY gave up some ground and fell to 100.60. Conference Board consumer confidence data for September missed expectations. Fed speakers are battling the current market’s dovish expectations. The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, posted some losses on Tuesday after the release of the…
Natural Gas Price Hits Highest Level Since January 2023
BySilas WThe XNG/USD chart today shows that natural gas prices have surpassed the December 2024 peak, breaking through the key psychological level of $4.000/MMBtu. Since early February, prices have surged by over 20%. Why Is Natural Gas Price Rising? According to The Wall Street Journal, the bullish sentiment is driven by:→ Weather models confirming forecasts of…

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