FOX FOREX TRADER(FFT)
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Repost from N/a
GBPJPY Buy 183.60
🔷Tp 186.50
♦️Sl 183.00
🔥Vip SWING Signal🔥
For Safe Account Management and EA Services available Contact us at☎️ @Foxleader
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EURNZD Buy 1.8155
🔷Tp 1.8255
♦️Sl 1.8135
🔥Vip SWING Signal🔥
For Safe Account Management and EA Services available Contact us at☎️ @Foxleader
#XAUUSD 400+ PIPS Before and After from previous week's analysis. @Foxleader
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#EURUSD Before and After from previous week's analysis. @Foxleader
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#XAUUSD Before and After from previous week's analysis. @Foxleader
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#GBPJPY Before and After from previous week's analysis. @Foxleader
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#GBPJPY Before and After from previous week's analysis. @Foxleader
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#EURUSD currency pair showed a rebound in the Asian session, recovering from a three-month low of 1.0685 to hover around 1.0720, with a 0.20% increase for the day. This recovery was driven by a weaker US Dollar (USD), as seen in the US Dollar Index (DXY) retreating from recent highs. Investors are cautious ahead of China's inflation data and the G20 summit.Leading to profit-taking in the dollar.
Additionally, lower US Treasury bond yields and a more stable equities market reduced the appeal of the dollar as a safe-haven asset. However, the potential for the Federal Reserve to tighten its policy could limit USD declines. Market sentiment suggests expectations of a 25 basis points rate hike by year-end, supported by positive US economic data. In contrast, European Central Bank (ECB) officials have been less clear about future rate hikes. For more details @Foxleader
In other words, the data from the past two days, notably the substantial rise in the ISM services index we witnessed yesterday, contradicts the notion that the U.S. economy is rapidly losing momentum. This data can be interpreted as a favorable sign or as evidence against the concerns some may have about the economic forecast.
Gold prices saw a steady decline from May to August, driven by robust U.S. economic data, resulting in progressively lower highs. However, a notable reversal occurred in the last two weeks due to softening U.S. economic indicators, causing a dip in the U.S. dollar's value. A weaker dollar typically boosts demand for gold as a safe-haven asset, leading to a price increase. Nevertheless, recent market movements suggest a return to the bearish trend, with lower highs observed this week. The release of weaker-than-expected initial unemployment claims data further strengthened the U.S. dollar and pushed gold prices down. As a result, a sell signal was initiated at H1 chart, which had been acting as a resistance point..
Notification; In last week the markets were calm over the bank holiday weekend in the US and Canada, with risk currencies initially rising but later declining and the USD continuing its upward trend. Economic data from Switzerland indicated a lack of growth in the second quarter due to a global economic slowdown and trade tensions. Eurozone inflation slightly improved, mainly due to higher energy prices. The uncertainty surrounding Brexit continued to impact the pound, increasing the possibility of a no-deal scenario. Overall, market conditions were quiet with limited economic data, and geopolitical factors such as Brexit remained a major focus.
#GOLD Forecast for next week. Set your Tp and Sl according to personal habits.
*If the gold does not reach the set TP, you can close the position in advance to make money, don't be greedy for more.
For reference only, at your own risk.
Note: exclude news influence
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Repost from N/a
XAUUSD Buy 1912.00
🔷Tp 1932.00
♦️Sl 1907.00
🔥Vip SWING Signal🔥
For Safe Account Management and EA Services available Contact us at☎️ @Foxleader
