Gold shows strong buy potential in mid-2024, according to Eren Sengezer’s FXStreet analysis. Supported by resilient price action above $2000, expectations of Fed rate cuts, persistent inflation, and ongoing geopolitical risks, gold remains a key safe-haven asset. Strategic investors should consider increasing exposure as market volatility grows.
GBP/USD ended last week consolidating amid mixed UK labor data and persistent USD strength. Technical outlook shows support near 1.2640 and resistance at 1.2850. Market focus remains on UK inflation, BoE policy, and US economic resilience shaping near-term direction. More details from ActionForex.com.
EUR/USD remains rangebound between 1.0700 and 1.0780 as traders await fresh catalysts. Mixed economic data from both the eurozone and US keep momentum muted. Market eyes ECB and Fed signals closely for clues on the next breakout direction.
Elliott Wave analysis of USDJPY (Sept 1, 2025) suggests the 2011-2022 bullish impulse may have peaked at 151.90. Current price action around 139-140 points to the start of a major corrective phase—likely wave A of an A-B-C pattern—hinting at a longer-term bearish outlook. Details via Ivo Luhse/EWMinteractive.com. #USDJPY #ElliottWave
USD/CAD is completing a five-wave Elliott impulse from the Jan 2025 low, advancing toward 1.3760. Wave 5 may be an ending diagonal, signaling potential trend exhaustion. Watch for a corrective phase supported by fundamentals like inflation and oil prices. #Forex #ElliottWave
AUD/USD extends gains to a fourth consecutive day, driven by softer US data, easing Fed rate hike expectations, and improving risk sentiment. Australian economic resilience and positive commodity outlook add support as the pair tests key technical resistance. Traders will watch upcoming data and Fed signals for next directional cues.
CFTC data for the week ended August 26, 2025, shows British pound net short positions at 31,353 contracts among large speculators. This signals growing bearish sentiment toward GBP amid economic concerns and BoE policy uncertainty. Traders remain cautious as market dynamics evolve.
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The expanding influence of BRICS is reshaping forex markets, with USDJPY reflecting shifts in global trade, capital flows, and monetary policies. Traders must watch BRICS-driven de-dollarization, commodity dynamics, and geopolitical shifts to navigate emerging risks and opportunities in this evolving landscape. #Forex #BRICS #USDJPY
US Dollar steady near 104 ahead of critical PCE inflation data release. Markets cautious as investors await Fed’s preferred inflation gauge to gauge the outlook for monetary policy. Inflation surprises could drive volatility and influence USD direction in coming sessions.
