Alena-786

Alena-786

GBP/USD edges higher after two days of losses, trading around 1.3630 during the Asian hours on Tuesday. The pair appreciates as the US Dollar (USD) loses ground as traders adopt caution after US President Donald Trump announced updated tariff rates on 14 countries that have yet to secure trade deals with Washington. The Trump administration announced levies of...

Alena-786 Updated 

The EUR/USD pair edges lower to around 1.1765 during the early European session on Monday. The renewed concerns about a global trade war and tariff uncertainty weigh on the shared currency. US Treasury Secretary Bessent said on Sunday that Trump will send letters to some trading partners, warning that tariffs could revert to April 2 levels on August 1 if no...

Alena-786

Bitcoin (BTC) edges slightly below $109,000 at the time of writing on Monday after registering its highest weekly close in history. Institutional and corporate demand remains a key driver, with Metaplanet adding 2,205 BTC on Monday and US-listed spot Bitcoin Exchange Traded Funds (ETFs) recording over $769 million in inflows last week.

Alena-786

The US NFP came in stronger than expected, rising by 147,000 jobs in June from 144,000 in May (revised from 139,000). Additionally, the Unemployment Rate held steady at 4.1% in June. These reports indicated continued labor market resilience, reducing the possibility of the Fed’s near-term monetary accommodation. This, in turn, underpins the US Dollar (USD) and...

Alena-786

From a technical perspective, the overnight breakdown below the 143.65-143.60 horizontal support, which coincided with the 200-hour Simple Moving Average (SMA), was seen as a key trigger for the USD/JPY bears. The said area should now keep a lid on any further intraday move-up. A sustained strength beyond, however, might trigger a short-covering rally and lift...

Alena-786

With that said, the next resistance for XAG/USD would be last year’s peak. A breach of the latter will expose the $35.00 level, followed by the February 29, 2012 high of $37.49. Conversely, if XAG/USD drops below the March 28 peak of $34.58, a decline towards $34.00 is likely. In the event of further weakness, the next support level would be the May 22 peak, which...

Alena-786 Updated 

Gold prices are currently testing the upper bound of the symmetrical triangle, providing resistance around the critical psychological level of $3,350. The 20-day Simple Moving Average (SMA) is holding near $3,295, just below the $3,300 psychological level. A 2% price increase in today’s session so far has allowed prices to adopt a bullish tone, reflected by an...

Alena-786

"At the 3.6% YoY, the ex-food reading was the highest since early 2023. The data supports her view that the risk of a Bank of Japan rate hike in July is underpriced by the market. Currently, investors only attach a 14% probability to such an outcome." "A hike in July would certainly support the yen. It would also make it a little less expensive for Japanese...

Alena-786

the overnight failure near the $3,325-3,326 horizontal resistance and a subsequent slide below the $3,300 mark favor the XAU/USD bears. Moreover, oscillators on the 4-hour chart have again started gaining negative traction and back the case for a further intraday depreciating move for the Gold price. Hence, some follow-through weakness towards the $3,280 static...

Alena-786

Bitcoin (BTC) edges slightly higher, trading around $108,000 on Thursday following a dip in its price in the last two days. The largest cryptocurrency by market capitalization is struggling to recover despite an improving risk tone, as the US court blocked US President Donald Trump from imposing tariffs. Meanwhile, institutional demand remains robust as Metaplanet...

Alena-786

The GBP/USD pair trades in negative territory around 1.3435 during the early European session on Thursday. The Greenback strengthens against the Pound Sterling (GBP) after the US trade court blocks US President Donald Trump's sweeping tariffs. The preliminary reading of the US Gross Domestic Product (GDP) report for the first quarter (Q1) will be the highlight...

Alena-786

The EUR/USD pair depreciates as the US Dollar (USD) gains ground following a decision by a US federal court on Wednesday to block US President Donald Trump from imposing "Liberation Day" tariffs from taking effect. A three-judge panel at the Court of International Trade in Manhattan ruled that Trump lacked the authority and declared the move unconstitutional and...

Alena-786 Updated 

Gold’s bounce could be short-lived if buyers fail to achieve a daily close above $3,200.” Although it was achieved, sellers stepped in, dragging XAU/USD below the latter and confirming the “double top” remains in play. Momentum favors a further downside, as the Relative Strength Index (RSI) remains bearish. Therefore, if XAU/USD holds below $3,200, the next...

Alena-786

Crypto Task Force leader Hester Peirce highlighted in a speech on Monday how the Securities & Exchange Commission (SEC) defines various crypto assets under securities laws. Commissioner Hester Peirce outlines potential SEC crypto regulations At the SEC Speaks event on Monday, Crypto Task Force leader Hester Peirce spoke on the need to provide clarity for the...

Alena-786

SP500 continues to move higher as traders react to economic reports and focus on tariff news. Building Permits declined by -4.7% month-over-month in April, compared to analyst forecast of -1.2%. Housing Starts increased by 1.6%, while analysts expected that they would drop by -1%. Today, traders also had a chance to take a look at Michigan Consumer Sentiment...

Alena-786

The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trading slightly higher at around 101.00 on Friday after a softer-than-expected University of Michigan Consumer Sentiment survey added to a week of mixed US economic data. Household confidence dropped, while inflation expectations surged, painting a...

Alena-786 Updated 

Gold prices recovered some ground earlier on Thursday during the North American session after US economic data suggested that factory gate inflation continues decelerating. At the same time, consumer spending was debilitated due to US tariffs. At the time of writing, XAU/USD trades at $3,202, up by 0.82%. XAU/USD gains 0.82% after weaker inflation and spending...

Alena-786

Bitcoin (BTC) price is approaching a crucial resistance level at $105,000 on Friday; a breakout would determine whether bulls regain full control. Ethereum (ETH) and Ripple (XRP) prices hold key support zones that may dictate the next directional move. As BTC nears a potential breakout point, ETH and XRP must defend their support levels to sustain the broader...