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Sommario:Market Review | August 28, 2024
Market Overview
Market Analysis
GOLD
GOLD has stagnated in price as expected. We remain bullish for this market and wait for further price action and data release to carry through trading momentum.
SILVER
SILVER has also stagnated, but we continue to expect bullish runs on this market. No changes from our bias and readings on this chart.
DXY
The Dollar has consolidated at this price level as we expected–nearing the September rate cut, it might recover higher than previous consolidation point.
GBPUSD
The pound has risen beyond previous point–showing GBP strength beyond the dollar weakness. However, we continue to see the possibility of a correction before the rate cut itself to allow big money to enter at a better price.
AUDUSD
The Aussie dollar is currently gaining momentum to break through 0.67985 and is finding little traction with price. However, we expect the market to stagnate soon to allow a good price for trading.
NZDUSD
The Kiwi has now risen beyond previous high point as expected and is soon to find further momentum and strength to carry trade through. However, we watch for a potential correction a few days or a few hours before main trading for rate cut comes in.
EURUSD
The Euro fell short of market expectations after failing to break above previous point, maintaining prices at current levels. We anticipate further bullish movements for the price and see more buying to come into the market.
USDJPY
As we expected, the Yen is not showing much strength as markets continues to weigh economic conditions and market conditions in Japan. Currently, we continue to see the Yen winning but expect a certain limit to prices as the BoJ continue to control price and market expectations to reach goals.
USDCAD
The Loonie has found strength as we expected after an increase in Oil prices. However, current increase may also come from expectations of a better CAD economy. But we will wait for more cues to come from the BOC to further anticipate market expectations for a rate cut.
Disclaimer:
Le opinioni di questo articolo rappresentano solo le opinioni personali dell’autore e non costituiscono consulenza in materia di investimenti per questa piattaforma. La piattaforma non garantisce l’accuratezza, la completezza e la tempestività delle informazioni relative all’articolo, né è responsabile delle perdite causate dall’uso o dall’affidamento delle informazioni relative all’articolo.
EC Markets
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HFM
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EC Markets
FxPro
GO MARKETS
HFM
OANDA
FOREX.com
EC Markets
FxPro
GO MARKETS
HFM
OANDA
FOREX.com
EC Markets
FxPro
GO MARKETS
HFM
OANDA
FOREX.com