James Trading Hub

22/06/2022

Gold was down on Wednesday morning after testing the high level of $ 1843 in the last trading session. If Powell is hawkish tonight, we could see another bout of U.S. dollar strength as yields rise again, That would push gold lower.

Fed Chair Jerome Powell will start a two-day testimony to Congress later in the day, with investors looking to see more clues on if the Fed will deliver another interest rate hike of 75 basis points.

Right now gold is trading around $ 1825. If it comes down below the level of 1820 then it can test the level of 1815, 1809 & 1800 as well. On the other side if it sustains above the level of 1835 then it can retest the level of 1842, 1850 & 1860 as well.
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17/06/2022

Gold was down on Friday morning after testing the high level of $ 1857, As the U.S. dollar and U.S. Treasury yields clawed back after a decline during the previous session.

The U.S. Federal Reserve delivered on Wednesday its biggest interest rate hike since 1994. The Swiss National Bank also unexpectedly hiked rates by 50 basis points on Thursday, while the Bank of England raised its interest rates to 1.25% on the same day.

Right now Gold is trading around $ 1846. If it goes upside above the level of 1857 then it can test the level of 1859, 1865 & 1874 as well. On the other side if it is sustain below the level of 1840 then it can test the level of 1833, 1825 & 1815 as well.

09/06/2022

GOLD SELL LIMIT 1854-55
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19/05/2022

G7 Meeting Day 2
USD:- Philly Fed Manufacturing Index @ 6:00 P. M. IST.
USD:- Unemployment Claims @ 6:00 P. M. IST.
USD:- Existing Home Sales @ 7:30 P. M. IST.
USD:- Natural Gas Storage @ 8:00 P. M. IST.
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17/05/2022

Traders meet of 2022

Hi Our team Coming to Dubai from 21-26 May'2022 for HIGHLIGHTING THE LATEST FX TRADING PERSPECTIVE IN MAE And Client Meet So you will be there to meet our expert's. book you slot for meeting https://form.jotform.com/221351776121045

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10/05/2022

GOOD MORNING
HAVE A SAFE & BLESSED DAY AHEAD

Here is what you need to know on Tuesday, May 10

FOREX:-

USDJPY:- USD/JPY remains mostly steady on a day around 130.30 as it keeps the pullback from the multi-year high, flashed on Monday.

EURUSD:- The EUR/USD pair is oscillating in a narrow range of 1.0570-1.0580 after a marginal upside move from 1.0553 in the Asian session.

COMEX:-

XAUUSD:- gold (XAU/USD) prices seesaw around the short-term key horizontal support area near $1,850 as market sentiment dwindles during early Tuesday.

CRUDE OIL:- Oil was down on Tuesday morning in Asia, crude oil WTI futures slipped 0.84% to $102.22.

IMPACTED DATA:-
USD- FOMC Member Waller Speaks

05/05/2022

USD:- Unemployment Claims @ 6:00 P. M. IST.
ACTUAL = 200K
FORECAST = 180K
PREVIOUS = 180K
NEGATIVE FOR USD AND POSITIVE FOR GOLD
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26/08/2021

Overall, GBP/JPY is trending downwards. Recently, GBP/JPY bounced down from the resistance zone of 151.000.

Currently, GBP/JPY is moving towards the resistance zone of 151.000 and the next support zone is at 148.900.
Look for short-term selling opportunities of GBP/JPY if it bounces off the resistance zone of 151.000.

23/08/2021

Overall, USD/CAD is trending upwards. Recently, USD/CAD continued to strengthened due to the expectation that the U.S. Federal Reserve will be tapering quantitative easing this year. As a result, it broke above the key level of 1.27.
Currently, USD/CAD is moving towards the resistance zone of 1.28500 and the next support zone is at 1.26100.
Look for short-term buying opportunities of USD/CAD if it breaks the resistance zone of 1.28500.

19/08/2021

Overall, EUR/USD is ranging across. Recently, EUR/USD weakened after the release of the hawkish Federal Reserve meeting minutes.

Currently, EUR/USD is testing to break below the key level of 1.17. Its next support zone is at 1.16300 and the next resistance zone is at 1.17600.
Look for short-term selling opportunities of EUR/USD if it breaks below the key level of 1.17.