During the week, gold prices experienced significant fluctuations, reaching new record highs. High levels of uncertainty brought gold closer to 3000.00. Economic Calendar Analysis Continuing previous week's trend volatility may occur if any geopolitical event takes place; however, elevated levels should not be expected. XAU/USD short-term forecast The major resistance level of 3000.00 must be broken to sustain bullishness for gold. If the
Slight bullishness continued in the GBP/USD closing the previous week above 1.29300. Economic Calendar High levels of volatility should be expected as U.K. and U.S report important economical data that could impact FX currency pair. GBP/USD hourly chart analysis Sideways activity may persist in the short term trading within range from 1.28600 to 1.30000. Market participants may be awaiting key economic data or
Lower volatility levels in USD/JPY last week have stabilized the price above 148.00. Economic Calendar Higher volatility may occur this week due to the Fed's interest rate decision and economic data releases from Japan. USD/JPY hourly chart analysis A trend reversal may occur in the short term, pushing the FX pair above 149.000, towards the 150.000 price level. Bearish pressure could push the price
Low levels of volatility were observed in the EUR/USD currency pair last week, hovering above 1.08000. Economic Calendar Analysis Moderate volatility could be introduced this week, as the Fed's interest rate decision will be a key factor in the strength of the US dollar for the medium term. EUR/USD hourly chart analysis A directional bias is necessary, as low volatility combined with sideways trading
Gold saw sideways trading during last week's trading session. Economic Calendar Analysis Continuing previous week's trend volatility may occur if any geopolitical event takes place; however, elevated levels should not be expected. XAU/USD short-term forecast In the short term, gold could see a movement towards 2830.00 as market conditions fluctuate. However, if bullish sentiment continues to build, a further upward momentum towards 2935.00
GBP/USD moved higher towards 1.28500, implicating that bullish trend reversal may occur. Economic Calendar The FX pair could see higher levels of volatility, as both the U.K. and the U.S. are set to vital economical data that could impact the currency pair. GBP/USD hourly chart analysis The 1.29450 price resistance level may be tested, potentially pushing the price towards 1.31000 if the 1.29450
USD/JPY saw a slight decrease, moving the FX pair below 149.000. Economic Calendar Low levels of volatility may occur, but it should not be expected, although economic data releases are due from both the U.S. and Japan. USD/JPY hourly chart analysis Short-term bearishness may come to an end if the support level at 147.000 holds. If the price stabilizes and bounces off this level,
EUR/USD saw higher levels of volatility last week, pushing the price above 1.08000. Economic Calendar Analysis Moderate volatility could be expected if upcoming economic data releases significantly impact the near-term outlook for the FX pair. On Wednesday, U.S. consumer price data will be released to the market. EUR/USD hourly chart analysis Bullishness in the FX pair may continue, considering that the 50-period, 100-period, and 200-period
Gold saw an increase in volatility, but overall volatility remains low. There are still elevated levels of uncertainty, creating opportunities for those with a bullish fundamental trading bias. Economic Calendar Analysis Volatility may occur if any geopolitical event takes place; however, elevated levels should not be expected. XAU/USD short-term forecast In the short term, gold could see a movement towards 2830.00 as market
GBP/USD saw slight consolidation last week, moving above 1.26000. Economic Calendar The FX pair could see higher levels of volatility, as both the U.K. and the U.S. are set to release Manufacturing PMI numbers. GBP/USD hourly chart analysis In the near term, the 1.27500 price level could be tested if bullish momentum persists in the FX pair. If no bullish momentum occurs, price
USD/JPY saw a recovery in price last week, pushing the price above 150.000. Economic Calendar Volatility is not expected this week for this currency pair, although multiple economic data releases could influence overall volatility levels. USD/JPY hourly chart analysis Short-term bullish momentum could push the FX pair above the 151.000 price level. If bullishness does not occur, further price movement toward 145.000 could be
EUR/USD saw low levels of volatility during the previous trading week. Economic Calendar Analysis Moderate levels of volatility may be expected this week, with the release of economic data from the U.S. Friday may bring higher levels of volatility overall due to economic releases from both the EU and the U.S. EUR/USD hourly chart analysis Price of a currency pair is may be expected to
Continuing the previous week's trend, the USD/JPY has continued to show a decrease in price, primarily due to dollar strength, reaching a level of 149.500. Economic Calendar Elevated levels of volatility should be taken into consideration, both from Japan and from United States economic data release events will occur this week which could move the market. USD/JPY hourly chart analysis The FX pair is
GBP/USD saw a slight increase, continuing its bullish trend, reaching 1.26300 levels. Economic Calendar Moderate volatility should be expected due to multiple data releases from the United States this week. GBP/USD hourly chart analysis The key resistance at 1.26890 should be considered important for further bullish momentum in the short term. If no significant bullish movement occurs, the support levels of 1.26000 and
EUR/USD saw low levels of price moves when it comes previous weeks price action. Economic Calendar Analysis Comparing to previous week, significantly higher levels of volatility should be taking in consideration, when setting up trades. Thursday should bring biggest price action activity, considering multiple releases of economic data from U.S.. EUR/USD hourly chart analysis Bullish momentum in EUR/USD could test the resistance level of 1.05235.
Gold is gradually increasing in value, slowly climbing towards the 3000.00 mark. This upward movement suggests growing investor interest or a response to economic conditions, such as inflation concerns, geopolitical tensions, or a weaker U.S. dollar. Economic Calendar Analysis Volatility is expected to remain normal, further continuation against inflation may continue. XAU/USD short-term forecast New price resistance level of 2935.00 has been
Continuing the previous week's trend, the USD/JPY has continued to show a decrease in price, primarily due to dollar strength, reaching a level of 151.500. Economic Calendar Higher levels of volatility may occur this week; however, it should not be anticipated. USD/JPY hourly chart analysis The FX pair is trading within the 152.000–151.000 price level. A push towards 154.000 should be considered; however, if
GBP/USD saw a slight recovery from the 1.2200 price level, moving closer to 1.2700. Economic Calendar Elevated levels of volatility should be anticipated, considering the economic data related to Britain's retail sales and U.S. jobless claims will be published. GBP/USD hourly chart analysis The FX pair is currently trading around the 1.2600 price level, with a move towards 1.2700 having a high probability.
EUR/USD saw a bullish previous week possibly creating a further bullish set up. Economic Calendar Analysis No significant levels of volatility should be expected. EUR/USD hourly chart analysis Bullish trends could drive EUR/USD to 1.0600, while bearish pressure may push it down to 1.0300, depending on economic factors and market sentiment. Hourly Chart EUR/USD daily chart's review On the daily time frame, sideways price action should be
Continuing the trend from the previous weeks, gold experienced a steady increase relative to the U.S. dollar. Economic Calendar Analysis Volatility is expected to remain normal, but this weeks data releases could influence further hedging against inflation with gold. XAU/USD short-term forecast New price resistance level of 2935.00 has been found. Consolidation phase may persist in the shorter time frame. Increased uncertainty
Continuing the previous week's trend, the USD/JPY has continued to show a decrease in price, primarily due to dollar strength, reaching a level of 152.000. Economic Calendar Elevated levels of price swings may occur if any fundamental data from the United States are released with a significant deviation from forecasted numbers. USD/JPY hourly chart analysis The FX pair is currently trading within the 152.000
GBP/USD saw overall bearishness last week, with selling pressure dominating due to weaker economic data and market sentiment. Economic Calendar Higher volatility should be expected with the upcoming CPI data from the United States and GDP numbers from Great Britain. GBP/USD hourly chart analysis A slight bearish move from the 1.25080 price level towards 1.23000 has occurred on the shorter time frame. The
EUR/USD saw a slight decrease in price, but sideways trading was observed during the previous week. Economic Calendar Analysis Elevated volatility is expected towards Thursday and Friday when the US labor market and Eurozone GDP data will be released. EUR/USD hourly chart analysis The FX pair is trading below the 1.03400 price level. If slow price action continues, no momentum should be expected. A
Continuing the trend from the previous week, gold experienced a steady increase relative to the U.S. dollar. This rise can be attributed to a combination of factors, including market uncertainty, global economic data, and shifts in investor sentiment, as concerns over inflation, interest rates, and geopolitical tensions persisted. Economic Calendar Analysis Volatility is not expected to be out of the ordinary; however,