Daily Forex News

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xtreamforex
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Re: Daily Forex News

Postby xtreamforex » Tue Dec 22, 2020 7:42 am

Technical Analysis on XAU USD

XAU/USD Pair Seems on the Road Recovery at Battle 50 HMA

The XAU/USD is witnessed in a good way to seems in the business on this Monday. The traders danced to the optimism of the agreement of the US stimulus deal on the first half of the day.

Then, in the last piece of the day, gold drooped almost $50 from week by week highest points of $1907 to $1855 levels on the account of another Coronavirus strain found in the UK, which fuelled hefty hazard avoidance no matter how you look at it and siphoned the greenback against its significant adversaries.

The prompt help is seen at the 21-HMA, presently at $1880, beneath which the upward-slanting 100-HMA at the level by $1876 could be tried. Further south, the basic 200-HMA at $1856 will be a difficult one to figure out for the bears.

On the other side, the Relative Strength Index (RSI) still holds over the midline, saving the inclination for a bounce-back flawless.

Acknowledgment over the 50-HMA obstruction could uncover the $1900 level. The following opposition anticipates at Monday's high of $1907.

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Re: Daily Forex News

Postby xtreamforex » Mon Dec 28, 2020 7:14 am

Technical Analysis on EUR USD or GBP USD

EUR/USD Pair Rejected Above the Level At 1.22

The EUR/USD pair seemed on the bulls struggle to the psychological hurdle at the level by 1.22 to the third consecutive day. Moreover, the pair is currently traded at the level 1.2188 that is printed at the to the 1.2208 to the early today that seemed to the level by 1.22 handle on this Thursday and Friday.

The prompt inclination would turn bearish, opening the entryways for 1.2059 (Dec. 9 low) if the dismissal above 1.22 is trailed by a disadvantage break of the trendline ascending from Nov. 4 lows. At press time, the climbing trendline uphold is situated at 1.2166.

The pair was close above the level by 1.22 that will shift the risk in favor of the re-test of the recent to the level by high to 1.2272.

GBP/USD Pair Rising Wedge to Hourly Chart to US Brexit Optimism

GBP/USD pair stayed heavy around the level at the 1.3545 down at the level 0.08% intraday during the initial hour according to the Tokyo open on this Monday. Moreover, the pair seem to the bearish chart that will see the pattern on the hourly chart formation.

The pair multiple to the pullbacks to the level by 1.3619/24 area to the normal RSI conditions to the confirmation of the rising wedge before going to take the entries. On the other hand, the pair will see the downside break at the level 1.3525 to the 200 HMA level to the 1.3460.

On the other hand, a potential gain leeway of 1.3624 necessities to cross the upper line of the expressed rising wedge, as of now around 1.3630, to focus on March 2018 low close to 1.3710.

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Re: Daily Forex News

Postby xtreamforex » Tue Dec 29, 2020 12:05 pm

Technical Analysis on Gold & Silver

XAU/USD Pair Goes Intraday High Below at Level $1,900 to US Stimulus Updates

The Gold price seems near at the level of $1,880 during the Tuesday Asian Session. The pair will stretch the latest pullback to the level by $1,871 to the previous downbeat. If we have a look at the market moves of the market optimism to the US coronavirus aid package news.

Not all things sign by President Trump crossed the House on Tuesday as policymakers cast a ballot 322-to-87 to supersede one of Mr. Trump's rejections, underscoring the broad notoriety of the military enactment, which approves a salary increase for the country's soldiers, said The New York Times.

On the other hand the S&P 500 backdrop to the wall street to the benchmarks that will refresh the tops to the futures prints to the mild gain to the 3,700 according to the press time. The unless providing the trendline that was following from the November 30 at the level by $1,878 and now the gold prices eye is at the level by $1,900 threshold.

XAG/USD Grinds to the Level Back to the Asian Session to Level by $26.50 to More Than 3.0%

The silver prices are substantially higher on the first trading day to the final trading week. Moreover, the volume of the many markets participants to the particular Europe and North America that is still away from for the Christmas and New Year Celebrations to the fundamental developments. The XAG/USD trade gains will be going more than the 3.0% on the day to the precious metal will rally above the level by $26.00 during the early trading session.

The outcome is that stocks are extensively higher, US securities are lower (likewise reflecting desires for more inventory as the public authority issues obligation to support its upgrade) and unrefined petroleum, mechanical metals, and valuable metals markets are comprehensively higher. USD is likewise barely more fragile on the day, however, FX markets conditions have been somewhat choppier.

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Re: Daily Forex News

Postby xtreamforex » Wed Dec 30, 2020 7:48 am

Technical Analysis on EUR USD or GBP USD

EUR/USD Pair Shows On Bulls to at the level by 1.2275 to Resistance Confluence

The EUR/USD is the mark to the 0.15% to the intraday gain that currently around at the level by 1.2275 to keeping the previous days to the momentum inside the ascending trend channel to the formation to the Wednesday Asian Session.

Moreover, the currency major has printed the three-day winning streak to the strong RSI and the Bullish MACD in which it will turn highlights to the strength to the resistance channel to the monthly high.

It should, notwithstanding, be noticed that the pair's capacity to cross 1.2275 will invigorate the multi-month high glimmered prior while peering toward the April 2018 pinnacle encompassing 1.2415. During the potential gain, the 1.2300 edges can offer a moderate end while the March 2018 high of 1.2476 can challenge EUR/USD purchasers thereafter.

Then, the past opposition line, presently upholds, at 1.2230, confines the pair's pullback pushes forward of the channel uphold close to 1.2210.

In the event that at all the EUR/USD traders hide in around at the level 1.2210, the 1.2200 adds a channel to the disadvantage focusing on the mid-month low around 1.2130/25.

GBP/USD Pair Extends to the 21 days SMA to Bounce off to Resistance Line

The GBP/USD pair picks the bids near to the level by 1.3535 to the 0.27% intraday in this Wednesday’s to the Asian Session. To stretch the cable and U-turn to the 21 days SMA to the buyers to falling to the trend line.

To seems the RSI conditions to the trading above the 21 days SMA to the upward sloping trend to the bulls that will set the level by the monthly peak to the surrounding level by 1.3620.

Should authentic purchasers keep the reins past-1.3620, March 2018 low around 1.3710 will be the key?

On the other side, the 1.3500 edges can offer prompt help in front of the 21-day SMA, as of now around 1.3430. However, GBP/USD bears are less inclined to intercede except if seeing a day by day close beneath the multi-day-old helpline, at 1.3255 at this point.

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Re: Daily Forex News

Postby xtreamforex » Thu Dec 31, 2020 6:35 am

Technical Analysis on EUR USD or USD CAD

EUR/USD Pair Goes to the Bids to Top Around Level At 1.2300

The EUR/USD pair will poke at the 32 months high as compare to the previous day that would take round at the level by 0.12% intraday during this early Thursday. The pair will be jumped to the multi-month high after clearing the December top.

The EUR/USD buyers are successfully trading above at the level by 10-SMA and go upward to the sloping trend line to the MACD to the flirts bulls. At present, the upside momentum seems to ascend the trendline at the level by 1.2370 now to the round figure .2400.

In actuality, a disadvantage break of the early-month high close to 1.2270 can re-test the 10-day EMA level of 1.2230. However, trendlines extended from early November and December 09, individually around 1.2215 and 1.2200, will test the statement's further shortcoming.

For a situation where the EUR/USD bears retake control below at the level 1.2200, the 1.2000 and the early November high close to 1.1920 will pick up the market's consideration.

USD/CAD Pair Ignore the Falling Wedge on 1D

The USD/CAD seems around the mid at the level by 1.2700 the recent downside to the momentum during the Thursday trading session. The pair dropped below the level by 10-day SMA to the previous day.

All things considered, two skips off 1.2688, the multi-month low blazed before about fourteen days, are on the USD/CAD dealers' radar right now. However, any further drawback will be tested by the lower line of the expressed example close to the level of 1.2590.

Then, potential gain freedom of 10-day SMA, at 1.2827 presently, will eye to affirm the expressed bullish example with a break over the 1.2870 obstruction line.

In spite of the fact that a fruitful move past-1.2870 hypothetically demonstrates a slow run-up past 1.3500, 50-day SMA close to 1.2970, the 1.3000 thresholds, and numerous tops underneath 1.3400 can challenge the bulls during the ascent.

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Re: Daily Forex News

Postby xtreamforex » Wed Jan 06, 2021 9:30 am

Technical Analysis on EUR USD or GBP USD

EUR/USD Pair Traded Near to the Psychological at Level 1.23

The EUR/USD pair is traded at the level by the psychological level at 1.23 according to the press time that was failed to the foothold that will seem above at the level by fourth straight trading day on this Tuesday.

If we see the repeated rejection above at the level by 1.23 that indicates the uptrend exhaustion to validate the 14-day Relative Strength Index Bearish Divergence.

The Quick progress seems above at the level by 1.23 to the uptrend going on the other hand the downside level seems at the violation support at the level by 1.2215 to the temporary bear reversal that will shift to the risk sub at the level 1.21.

GBP/USD Pair Seems at Bulls Eye With two Week Old Previous Support to level 1.3600

The GBP/USD pair picks up near the level of 1.3628 during this Wednesday according to the Asian Session. In Addition, the successful trading seems beyond the 50 HMA bullish to the MACD and the GBP/USD to the Past 100 HMA to the upside of the pair.

Be that as it may, potential gain moves past-1.3645 will have an uneven street as the month to month top close to 1.3705 and March 2018 low around 1.3710 stands tall to test the GBP/USD strength. On the other side, 50-HMA and 100-HMA, separately around 1.3615 and 1.3550, limit the transient drawback of the GBP/USD costs. Should GBP/USD bears rule past-1.3550, there are various backings around 1.3530-20 in front of featuring the sub-1.3500 zone.

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Re: Daily Forex News

Postby xtreamforex » Tue Jan 26, 2021 10:09 am

Dollar down amid financial market variations

The Dollar stabilized on Tuesday as COVID-19 cases are increasing rapidly, and uncertainty on the stimulus bill fabricates the confusion among investors. Moreover, traders were also carefully looking forward to the Federal Reserve’s review later in the week.

GBP/USD volatility is lowest since March seen at 7.465%, hits a low of 7.225% on Jan 22, according to data source Reuters.

Prime Minister Boris Johnson mentioned on Friday about the new variant of COVID-19 that might increase the death rate. Meanwhile, the U.K. Government has extended the lockdown closing all the public areas and prohibiting social gatherings till July 17.

The Euro is hovered and failed to break resistance around $1.2190, swiped by edge nightly to $1.2142.

The Japanese Yen likewise maintain the balance at 103.76 per dollar, however, the riskier currencies AUD and NZD remain calm by the verge.

The U.S. is due to release multiple economic data throughout the week which includes fourth-quarter GDP. The economic recovery of the nation has slow down which could be mentioned in the data. The fight against the surging cases of coronavirus makes the economy more miserable.
Last edited by xtreamforex on Thu Jan 28, 2021 11:30 am, edited 1 time in total.

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Re: Daily Forex News

Postby xtreamforex » Wed Jan 27, 2021 12:40 pm

The Dollar dashed high but the future seems uncertain over Fed policy

The Dollar is slightly elevated on Wednesday morning in Asia. Investors are eagerly waiting for the U.S. Federal Reserve’s policy Verdict which is going to be finalized later in the day.

The U.S. Dollar Index inched up 0.01% to 90.175 against the basket of other currencies.
The USD/JPY pair is slightly up 0.08% to 13.69.

The AUD/USD pair inched up 0.01% to 0.7744. Meanwhile, the Inflation figures released today are better than the expectation.

The CPI rose 0.9% quarterly and yearly during the fourth quarter of 2020.
The NZD/USD pair slightly down 0.10 to 0.7230.
The USD/CNY inched down 0.03% to 6.4612.
The GBP/USD pair inched down 0.1% to 1.3732.

The U.S. Currency appears to fell against the riskier currencies following the International Monetary fund reformed its prediction for 2021 Global growth in order to recuperate the ruptured economic situation due to the coronavirus pandemic.

The expectation for global economic growth is around 5.5% this year according to the institution and GDP to lengthen by 4.2% in 2022. Nonetheless, to state that new COVID-19 variant would hinder the growth somehow.

Investors are in dilemma with the proportions and timing of the stimulus package proposed by U.S President Joe Biden that leads the nightly declination of U.S. Treasury Yields.

Investor waits for the statement of Fed Chairman Jerome Powell that is due to speak at the news conference about the first policy meeting on Wednesday. Most likely the anticipation of renewal to the current ultra-easy policy is on the papers. Therefore, it is might be going to pull the dollar down in near future.

Meanwhile, earlier in the week, there is a high chance that democrats would try their best to pass the stimulus package with the majority of the vote and even try to negotiate with the republican colleagues for support.

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Re: Daily Forex News

Postby xtreamforex » Thu Jan 28, 2021 11:31 am

The Dollar Rises as Stocks Collapse Distressed Investors

The Dollar was up on Thursday morning in Asia with the U.S. Shares fell hard on the previous session. Investors are moving towards the safe-harbor asset as more worried about extra valuation residue.

The USD/JPY edged up 0.17% to 104.27,

The dollar was at $1.2102 against the euro.

The sterling declined to $1.3675, GBP/USD pair inched down 0.03%

The AUD/USD pair edged down 0.16% to 0.7650

The NZD/USD pair slightly down 0.9% to 0.751

The first policy meeting of the US federal reserve enclosed that its bond purchase program and benchmark interest rate will remain the same that brings the dovish message by accepting recent moderation in the economic activity and calling for higher inflation. Mentioned by BK Asset Management’s Kathy Lien.

The Fed Chairman Mr. Jerome Powell said they are far from meeting the Inflation and employment goals.

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Re: Daily Forex News

Postby xtreamforex » Fri Jan 29, 2021 10:39 am

Safe-haven Dollar mark little High with U.S Treasury Yields at Glory


The USD is hopefully holding the grip with high on Friday Morning.
The treasury yields at the joyous side as well.
Some relief on the U.S. Economic data.



The Dollar was again at height on Friday Morning in Asia with 10 years U.S. Treasury yields edged up nightly.

Investors are at a happy place after seeing the U.S. economic data as it is not that bad as expected.

Moreover, Regardless of the bit high in the dollar position, many analysts are concerned about the dollar’s future as it could return to the downward trend because there was almost a 7% loss in its value last year. Specifically, The Fed’s commitment to renew the ultra-easy policy also has a large influence on the dollar’s future.

The antipodean currencies saw some low against U.S. currency with AUD/USD inched down 0.35% to 0.7652 and the NZD/USD pair was also down 0.11% to 0.7160

The U.S. dollar index gained 0.12% reaching 90.632 against the basket of other currencies.

The USD/JPY slightly up 0.26% to 6.4656.

The prediction of investors on a much-awaited 1.9 trillion Fiscal policy might not have that huge impact on the market as per the expectations.

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