United States CFTC Gold NC Net Positions: $159.9K vs previous $163.1K | FXStreet
United States CFTC Gold NC Net Positions: $159.9K vs previous $163.1K
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United States CFTC Gold NC Net Positions: $159.9K vs previous $163.1K
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Short Term Elliott Wave View in USDJPY suggests decline to 139.57 ended wave (W). Pair then corrected in wave (X) with internal subdivision as a double three Elliott Wave structure. Up from wave (W), wave ((w)) ended at 142.46 and pullback in wave ((x)) ended at 140.43. Rally in wave ((y)) ended at 143.94 which…
The US dollar firmed after comments from Federal Reserve Chair Jerome Powell, who suggested that further rate cuts are unlikely in the coming months. While markets continue to price in policy easing by the end of the year, the current rhetoric points to a pause in the near term, supporting the dollar in USD/JPY and…
On Friday, key employment data from the US was released, which proved somewhat mixed. On the one hand, the increase in jobs fell short of expectations. According to ForexFactory, the Non-Farm Employment Change figures were:→ actual = 142K;→ expected = 164K;→ previous month = 89K. On the other hand, the unemployment rate dropped from 4.3%…
An event to look out for today: 15:30 GMT+3. USD – Number of Initial Jobless Claims USDJPY: The USD/JPY pair broke its two-day losing streak, trading near 142.70 during European hours on Thursday. The Japanese yen (JPY) remains subdued following remarks from Bank of Japan (BoJ) board member Naoki Tamura. BoJ board member Tamura said…
Keir Starmer has pledged to break up people-smuggling gangs in the same manner used to apprehend and jail hundreds of rioters this summer. After a meeting with law enforcement agencies and cabinet ministers to discuss plans to stop small boats crossing the Channel on Friday, the prime minister said that the “high-level summit” mirrored the…
GBP/USD is trading at $1.26606, down slightly by 0.01%. Despite the minor dip, the pair remains above the crucial pivot point at $1.26398, keeping the bullish outlook intact. As long as prices stay above this level, GBP/USD is likely to target the immediate resistance at $1.27278, with the next upward target at $1.27978. However, if…