The XAU/USD chart shows that gold has reached a historic high, surpassing the psychological level of $2700. According to Yahoo Finance:→ Bullish momentum is being driven by central banks increasing their gold reserves;→ Goldman Sachs analysts have raised their gold price target from $2700 to $2900. On 9 October, when analysing the gold price chart,…
The upward momentum of the U.S. dollar continues to build: GBP/USD traded below 1.3000 this week; EUR/USD tested 1.0800; USD/JPY buyers strengthened the price above the key support level of 150.00. GBP/USD On Wednesday, the release of the UK Consumer Price Index (CPI) confirmed market expectations that the Bank of England may soon cut its…
GBP/USD started a fresh decline below the 1.3200 zone. USD/CAD is rising and might aim for more gains above the 1.3820 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today · The British Pound started a major decline from the 1.3400 resistance zone. · There was a break above a key bearish trend line forming…
“The structured environment of The5ers keeps me disciplined and focused, which is crucial for my growth as a trader.” Sanjay S. is 30 years old and from India. Sanjay is one of The5er’s $40K High-Stakes funded traders. He got paid twice for a total of $5,573 and Scaled His Account Twice. His next mission is…
Reviews (1129) CapPlace 1 из 5 12 215728 1 Beas Dev Chhabra Capplace.com is a trap to siphon off whatever money you add.You may be given some profit in the beginning and then you may be given hint where you are trapped in a way that either you add more money only to lose the…
EURUSD: EUR/USD broke its four-day losing streak, trading near 1.0840 during the Asian session on Friday. However, the US dollar (USD) received support and hit a two-month high of 103.87 on Thursday, helped by a good US retail sales report, which fueled expectations that the Federal Reserve (Fed) may go for a nominal rate cut….
GBPUSD: The dollar bulls decided to lock in some profits, which, in turn, supports the pair. An unexpected drop in UK inflation confirms bets on further rate cuts by the Bank of England and puts pressure on the British pound. The GBP/USD pair is attracting some follow-through buying during the Asian session on Friday and…
USDJPY: The Japanese yen (JPY) gained against its US counterpart during the Asian session on Friday and so far appears to have broken a two-day losing streak, hitting its lowest level since early August the previous day. The yen has strengthened slightly in response to verbal intervention from Japanese authorities and stronger inflation data from…
The European Central Bank (ECB) lowered its interest rates by 25bp yesterday, in a widely expected and priced in move. Chief Christine Lagarde highlighted that inflation is coming under control, warned that there could be a temporary uptick, but the figures will be sustainably back to target by next year and that the Eurozone will…
The USDCHF price fluctuates at 0.8673 level, getting positive support by the EMA50 to support the chances of breaching this level and open the way to continue the rise on the intraday basis, as the next targets reach 0.8730 followed by 0.8778. Therefore, the bullish trend will remain suggested, reminding you that failing to breach…