The Week Ahead-Top Economic Events impacting Currencies and Gold – 2023-10-23
Dollar Index: As of October 23, 2023, several key events and factors are impacting the price of the US dollar (USD): Elevated US Treasury Yields:
EUR/USD Weekly Chart Analysis – 2023-10-23
EUR/USD Hinges on Upcoming ECB Interest rate decision, sentiment largely remains Range Bound The upcoming week in the financial markets is expected to be influenced
XAG/USD 240 Minute Chart Analysis – 2023-10-20
XAG/USD bullish after Fed Speeches, Likely to retest September highs of 23.767 Silver prices have been influenced by a variety of macroeconomic and geopolitical factors
Risk On and Risk Off sentiments in Currencies with a Current Market Overview
Introduction: The terms “risk, on”. Risk off” are commonly used in the market specifically in relation to currency trading. These terms refer to the sentiment
A Profitable Gold Trading Strategy using Envelopes and DTI Indicator
Introduction: Envelopes: Trading Ranges: In a sideways or range-bound market, the Envelopes can act as dynamic support and resistance levels. Prices often oscillate between the
XAU/USD 240 Minute Chart Analysis – 2023-10-19
XAU/USD bullish ahead of Fed Powells Speech. Strong bullishness could potentially test the 1970 level Gold prices are currently influenced by several factors. Gold recently
Top Macro Themes and Factors Affecting Global Markets in October
Introduction: In the multifaceted world of global finance and economy, 2023 stands as a year of pivotal change, evolution, and challenges. As the reverberations of
USD/JPY 240 Minute Chart Analysis – 2023-10-18
USD/JPY Nears 2023 High at 150.306 Amid Mixed Sentiment and Policy Shifts USD/JPY has been gradually edging higher, approaching its 2023 highs, even as US
Understanding the Impact of EUR/USD price on EURO STOXX 50 using Statistical Analysis
Introduction: The financial markets are vast arenas where numerous factors interplay to determine the movement of indices and exchange rates. The Euro Stoxx 50, representing
GBP/USD 240 Minute Chart Analysis – 2023-10-17
GBP/USD Faces Uphill Battle Amid Hawkish Fed and Geopolitical Tensions, Testing Key Support and Resistance Levels The British pound (GBP) saw a rally on Monday,