XAU/USD Technical Analysis

The daily chart below shows how the price of gold has risen since the November US…

Major currencies show little appetite so far on the day

Bitcoin continued its failed attempts to rally above $23,000 on Wednesday, despite positive developments in US…

10-year JGB yields just a touch away from the 0.50% BOJ ceiling

Bitcoin continued its unsuccessful attempts to focus above $23,000 on Wednesday, despite the positive development of…

USD/CHF SHIFTS NEGATIVE AND DROPS TOWARD 0.9260 ON SOFT USD

USD/CHF returned to earlier gains after printing an intraday high of 0.9316. Positive US economic data…

TRY/USD Forex Signal: The Stability is Near its Lowest Level Ever

On the technical front, the dollar pair traded flat against the Turkish lira as there was…

EUR/USD Forecast: Euro Trades in the Same Short-Term Range

The next few days will be very calm and then, so I personally will not trade…

AUD/USD REVERSAL FROM 0.6800 EXTENDS TO 0.6720 AS MARKET SENTIMENT SOURS

Aussie was up at 0.6800; the pair retreats to 0.6720. Market sentiment worsens due to concerns…

US pending home sales for November -4.0% versus -0.8% last month

Previous report. Decline last month – .6% (expected at -5.0) Expected home sales, November 2022 –…

Week Ahead: highlights include OPEC+, RBA, BoC, China Trade/CPI, Uni. of Mich.

OPEC is likely to continue production policy. Opinion data from the University of Michigan in the…

TRY/USD Forex Signal: Expectations of a Rate Cut After Today’s Central Bank Meeting

On the technical front, the Turkish lira stabilized against the dollar, registering little change in a…