Instrumen Minggu Ini (25-29 Mac): Spotlight GBPCAD
Ketahui mengapa FBS mengurangkan spread GBPCAD dan apa yang perlu dilakukan seterusnya!
Hedge funds Sell USD ahead of the FOMC meeting
2023-07-25 • Dikemaskini
Recently, gold prices settled by -0.41% at 59309 as the dollar and bond yields rose. However, hopes for a pause in US rate hikes limited the decline after the July meeting of the Federal Reserve. The unexpected drop in new claims for unemployment benefits in the US also contributed to the market sentiment.
Physical gold demand in India stalled due to monsoon rains and higher domestic prices, while in China, bullion was sold at high premiums. Indian dealers offered discounts of up to $6 an ounce over official domestic prices, and in China, gold changed hands at premiums of $9 to $17 an ounce. Swiss gold exports fell 23% in June due to lower shipments to China and India. Let’s take a look at the technical analysis.
US Dollar - D1 Timeframe
The US Dollar ended the last week with a bullish run all through the week, in a move that seems to be set to continue even further. We see the price sharply pull away from the demand zone on the charts as it heads toward the 50 and 100-period moving averages. The implication is that we are bound to see the bullish move continue until it finds a credible resistance from the moving averages and resistance trendline.
Analyst’s Expectations:
Direction: Bullish
Target: 102.381
Invalidation: 101.174
EURUSD - D1 Timeframe
The price action on EURUSD has recently broken out of the wedge and seems to be heading toward the trendline and moving averages in search of support. It is important to note the bullish array of the moving averages to indicate what is most likely to occur once the price reaches the support area. In the meantime, we remain bearish.
Analyst’s Expectations:
Direction: Bearish
Target: 1.09637
Invalidation: 1.10901
GBPUSD - D1 Timeframe
GBPUSD made a huge dump from the pivot supply zone on the daily timeframe. However, the current state of the price action suggests that the price may be heading for the support trendline with a confluence from the 50-period moving average. The trend remains bullish, though, so it would be smart to exercise a sizable degree of risk management on this idea.
Analyst’s Expectations:
Direction: Bearish
Target: 1.27373
Invalidation: 1.28905
CONCLUSION
The trading of CFDs comes at a risk. Thus, to succeed, you have to manage risks properly. To avoid costly mistakes while you look to trade these opportunities, be sure to do your due diligence and manage your risk appropriately.
You can access more of such trade ideas and prompt market updates on the telegram channel.
Serupa
GBPUSD Sempat Catat Recod Tertinggi, Sejak April 2022
Kenaikan hara yang berlaku itu adalah sebelum mesyuarat FOMC di mana harga berjaya capai ketinggian 1…
Apa Yang Akan Terjadi Kepada EUR? Satu Perspektif Ekonomi
Pengaruh dolar sebagai matawang rizab dunia telah merosot secara beransur-ansur. Adakah mungkin untuk euro menggantikannya? Kami juga tidak pasti tentang perkara itu.
Berita terkini
EMAS Dijangka Akan Mendaki Sementara, Dijangka Sambung Penerjunan!
Fed mengumumkan pada hari Rabu bahawa ia membiarkan kadar dasar tidak berubah pada 5…
Yen Tersungkur kepada Paling Rendah Sejak 1990 , Betul Ke Ni?
Jepun melangkah lebih dekat kepada campur tangan mata wang dengan amaran terkuatnya apabila yen merosot ke paras paling lemah dalam kira-kira 34 tahun berbanding dolar…
XAU/USD Berundur Selepas Menguji $2,200, Mana Arah Tuju USD?
Sentimen pasaran yang memulih pada pembukaan dagangan awal minggu semalam telah menukar semula haluan pergerakan USD…
