Trader_BrianFX

Trader_BrianFX Updated 

Hello everyone! What's your take on today's gold prices? As of Monday, gold has been trading steadily, maintaining its position around the $2180 mark up until now. The trend for gold is becoming increasingly unpredictable as its recent surge has cooled, marking a departure from the rapid increases seen in the previous week. Gold's next move is shrouded in...

Trader_BrianFX Updated 

Hello, GBPUSD traders! The GBPUSD pair has formally established a new peak just shy of the 1.2900 mark, and the bias leans towards a modest downward correction as the pair faces pressure from a gradually recovering USD at the start of the week. Nevertheless, the decline in GBPUSD is expected to be limited, with two support levels acting as potential pivots...

Trader_BrianFX Updated 

EUR/USD soared to its highest since early January, breaching 1.0980 on Friday, but reversed gains in the US session to close slightly lower. The pair ended the week nearly 1% up, settling just below 1.0950 as the new week kicks off. A dip in the US 10-year Treasury yield to 4% following the February jobs report has kept the USD on a weaker footing against its...

Trader_BrianFX Updated 

The price of gold (XAU/USD) saw an increase to approximately $2180 after hitting a record high at the start of the new week, buoyed by a weaker US Dollar (USD) and declining US Treasury yields, which provided some support for gold prices. Additionally, growing expectations for the Federal Reserve's (Fed) first interest rate cut in its June meeting have also...

Trader_BrianFX Updated 

Hello, dear friends, what are your thoughts on USDJPY? In a sharp contrast to its counterparts like EURUSD and GBPUSD, USDJPY has been bearing the brunt of severe downward pressure, with its value diminishing further on Thursday. Currently, this currency pair is hovering around the 148.50 mark, shedding 0.56% over the day. This pair finds itself in troubled...

Trader_BrianFX Updated 

Dear friends, just as we anticipated, the USDJPY pair has declined to the support level at 147.84, signaling the onset of accumulation. The formation of a cup pattern in this scenario suggests a potential upward correction; however, this is not expected to last long as market anticipation of an imminent rate cut could weaken the USD, thus limiting USDJPY's...

Trader_BrianFX Updated 

The GBP/USD pair has steadfastly maintained its position above the psychological barrier of 1.2800 in the early trading hours in Asia on Friday. The selling pressure on the US dollar has provided some backing to the major currency pair. Friday's spotlight will be on the US labor market data for February. The pair has managed to continue its upward trajectory,...

Trader_BrianFX Updated 

EURUSD is starting to adjust after it reaches the upper limit of the price channel as we have set out before, continuing to keep the old view, I expect this pair of money to decrease more but the trend of increasing It will still be preserved as long as it moves in the current price channel.

Trader_BrianFX Updated 

Let's dive into this week's enthralling gold market update! Since February 28, the gold market has been on a thrilling ride, soaring to new heights only to gently return to around $2,160 per ounce in Friday's Asian trading session. Market expectations that the Fed might cut interest rates in June have injected fresh momentum into gold prices. And none other than...

Trader_BrianFX Updated 

Greetings, fellow traders! Yesterday, we witnessed a robust surge in gold prices, leaping from $2160 to near the $2200 mark—a swift $40 increase—propelled by a weakening USD and supportive market news favoring this esteemed metal. Currently, gold's price is pausing at $2179, following an upward trajectory. However, I anticipate a period of adjustment after this...

Trader_BrianFX Updated 

Hello, dear friends! Today, EURUSD maintains a positive trajectory within the ascending price channel. The uptrend finds support as the USD softens, influenced by the dovish tone set by Fed Chair Jerome Powell. Nevertheless, I'm anticipating selling EURUSD as it approaches the upper boundary of the rising channel. An expected retracement may test the supports...

Trader_BrianFX Updated 

Gold in the XAU/USD pair has ascended for a seventh straight day, though it has shed some momentum. Overbought conditions are making it challenging for the pair to extend gains further, hinting at a potential price correction or a consolidation phase ahead. Technically, the daily chart displays oscillators hovering at extreme levels, indicating a likelihood of an...

Trader_BrianFX Updated 

Hello everyone, today the GBP/USD exchange rate saw a 0.31% increase during the North American trading session, reaching 1.2746 after climbing from the daily low of 1.2690. The UK's Spring Budget announcement and testimony from Federal Reserve Chairman Jerome Powell have bolstered this currency pair's rise, positioning it to potentially retest the 1.2800 mark once again.

Trader_BrianFX Updated 

Hey lovely people! Today, EUR/USD is flirting with its highest bid price since the end of January, swiftly breaking past the 1.0900 mark to touch 1.0915 before settling down a bit, yet it continues to climb from Wednesday. This pair is riding a wave of adjustment, but closing successfully above the 1.089 resistance and gaining momentum from the 1.085 support zone...

Trader_BrianFX Updated 

Hello everyone, delighted to reconnect in today's discussion on gold prices! Gold is currently being traded around the mark of $2,145.560 per ounce, marking an increase of $17.995 per ounce from yesterday. This continuous uptick in today's trading session is driven by the anticipation of the U.S. monetary easing. Gold is poised for a robust short-term rise as the...

Trader_BrianFX Updated 

Gold prices (XAU/USD) have capitalized on recent momentum, touching a new record high around $2,152 on Wednesday. This surge came amid expectations of an imminent policy shift by the Federal Reserve. Fed Chair Jerome Powell's comments bolstered these expectations, indicating a potential cut in benchmark interest rates by year's end. However, Minneapolis Fed...

Trader_BrianFX Updated 

Hello dear friends ! Today the USDJPY pair still retains a deep trading surrounding 150.32 and maintains the sideway trend. It is expected that today's price will not have any significant breakthroughs because there will be no information in this published today. Resistance level: 150.64, 150,800 Support level: 149.95, 149,700

Trader_BrianFX Updated 

I'd like to extend a warm welcome to everyone at the start of this new trading week, hoping it brings you all smooth transactions and thrilling opportunities. Let's now explore the GBPUSD for today and discuss our strategy for the coming days! At the moment, GBPUSD is showing a stable price level around 1.266, with a slight recovery of 0.08% today. This pair has...