Prophetic_Trader

Prophetic_Trader

GBPUSD had been in a prolonged uptrend since October 2022, storming to a fresh 15-month high However, since then, the pair has been experiencing a prolonged downside correction, with the price falling to a fresh two-month low

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Stocks Climb as Traders Await Deluge of Data: Markets Wrap European stocks gained for a second day as traders awaited a raft of economic figures over the next few days for clues on the outlook for global central bank policies. US Conference Board consumer confidence, Today

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Euro falls below 1.08 for first time since June The euro has extended its losses for a second straight day. In the European session, EUR/USD is trading at 1.0785, down 0.23% and falling below the 1.08 line for the first time since June. Later today, Germany’s Business Climate is expected to ease for a fourth straight month.

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Gold’s worst enemy is surging real yields. It was supposed to be a quiet start to the week for gold with China coming to the rescue and some calm before Friday’s Jackson Hole speech by Fed Chair Powell. There is a little bit of nervousness from the long-term bulls as gold futures are getting dangerously close to the $1900 level, which could trigger a wave of...

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Market Reaction to Eurozone Inflation Report: Euro Steady as Data Leaves Impact Limited The euro started the week on a stable note, with little response to the eurozone inflation report released on Friday. In the North American session, EUR/USD is trading at 1.0886, reflecting a minor increase of 0.13%. Given the sparse data calendar for Monday, it is expected...

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Long positions Precious metals were distinctly downbeat on Monday morning, with gold, silver, platinum and palladium all down, following a rebound in the US dollar (DXY), as well as increased speculation of the US Federal Reserve continuing its aggressive interest rate raising plan. Gold fell 1.2% to $1,780 per troy ounce this morning, drawing back on the gains...

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GBP/USD booked a third straight weekly decline, having renewed 28-month lows. The US June inflation scorcher widens the Fed-BOE policy divergence. UK inflation and politics will be closely followed. Time for a temporary pullback? Having tested levels below 1.1900 a week ago, GBP/USD lost further ground and hit a new 28-month low of 1.1760 amid a combination of...

Prophetic_Trader

Nasdaq-100 Index is in a falling trend channel in the medium long term. This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market. The price has reacted back after a break of the head and shoulders formation. There is resistance around 12540, which now opens good sales...

Prophetic_Trader

GBPUSD the current price low of 1.1875 .our critical price zone 1.9000 indicator breakout to upside. That marked when the currency pair tested the support associated with the long-term potential triple-bottom price pattern. The bounce back up to 1.19 by Wednesday 13th was relatively predictable given the number of traders who would have been tempted to buy near...

Prophetic_Trader

GBPUSD London session consist of long term, intermediate term, and short term trading situations. Everyone should attempt some of each type of trading situations. The results of these will likely indicate a particular ability in one type of trading that surpasses the results achieved in the others. This is where actual operations should be concentrated....

Prophetic_Trader

EUR/GBP stayed in consolidation from 0.86000 last week and outlook is unchanged. Initial bias remains neutral this week first and further rise will remain in favor as long as 0.84500 support holds. On the upside, break of 0.86000 will resume rise from 0.8201 medium term bottom to 0.8697 medium term fibonacci level. However, break of 0.8365 will dampen this...

Prophetic_Trader

i have been investing alot of time on XAUUSD so am proud to say "Gold is expected to trade at 1900 price level by the end of this quarter" Gold held below $1,880 an ounce on Monday after a 3-week decline, remaining under pressure from a strong dollar and elevated Treasury yields as investors continued to bet on further Federal Reserve tightening to bring...

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Stocks pulled back sharply on Thursday, completely erasing a rally from the prior session in a stunning reversal that delivered investors one of the worst days since 2020. The tech-heavy Nasdaq Composite fell 4.99% to finish at 12,317.69, its lowest closing level since November 2020. The moves come after a major rally for stocks on Wednesday, when the The Nasdaq...

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Stocks moved higher on Monday as investors awaited a slew of earnings results from the Big Tech companies, as well as a myriad of other corporations across industries this week. The Nasdaq gained, and shares of Tesla (TSLA) rallied to an all-time high with a market capitalization exceeding $1 trillion for the first time. U.S. West Texas intermediate (CL=F)...

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ZAR surrenders gains “The government has announced relief measures including reinstating a monthly welfare grant of ZAR350 for the poor until the end of March and support for uninsured businesses to help dampen downside risks for the economy. There have been encouraging signs recently that the third wave of COVID in South Africa has passed the peak allowing the...

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Gold hit a one-week high on Tuesday, as the dollar retreated after a slower-than-expected rise in U.S. inflation led to uncertainty over the U.S. Federal Reserve’s timeline to taper monetary stimulus.” Market sentiment currently is leaning towards the belief that the Federal Reserve will announce hen it will begin to taper in November. However, the September...

Prophetic_Trader

GBPAUD has an Interesting opportunity, we approached a support level 1.86750 that can turn into bullish trend, I am buying around 1.86900

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European Central Bank (ECB) is set to keep interest rates unchanged until 2025. The ratings agency added that ECB will likely continue its bond-buying program at least until 2024. At its most recent meeting, the central bank decided to hold the main refinancing operations rate at 0.00%, its deposit facility rate at -0.50% and its marginal lending facility rate...