A detailed weekly fundamental and technical analysis of US30, USD/JPY, GBP/JPY, and Gold. This is a higher timeframe to lower timeframe breakdown for position, swing, day, and scalp trade opportunities.
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This analysis and any provided information can be used only for educational purposes. SharmaFX is not a professional financial institution nor provides any financial services. SharmaFX does not provide any financial advice, investment advice, or trading signals. SharmaFX is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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EUR/USD falls to fresh daily lows below 1.0400 after upbeat US data
EUR/USD came under selling pressure early in the American session following the release of United States macroeconomic figures. The December ISM Services PMI unexpectedly surged to 54.1, while November JOLTS Job Openings rose to 8.1 million, also bearing expectations.
GBP/USD extends retracement, struggles to retain 1.2500
GBP/USD lost further traction and battles to retain the 1.2500 mark after hitting an intraday high of 1.2575. Stock markets turned south after the release of upbeat American data, providing fresh legs to the US Dollar rally.
Gold trims early gains, trades below $2,650
Spot Gold lost its bullish traction and retreated below the $2,650 mark following the release of encouraging US macroeconomic figures. Jumping US Treasury yields further support the US Dollar in the near term.
Bitcoin Price Forecast: BTC holds above $100K following Fed’s Michael Barr resign
Bitcoin edges slightly down to around $101,300 on Tuesday after rallying almost 4% the previous day. The announcement of Michael S. Barr’s resignation as Federal Reserve Vice Chair for Supervision on Monday has pushed BTC above the $100K mark.
Five fundamentals for the week: Nonfarm Payrolls to keep traders on edge in first full week of 2025 Premium
Did the US economy enjoy a strong finish to 2024? That is the question in the first full week of trading in 2025. The all-important NFP stand out, but a look at the Federal Reserve and the Chinese economy is also of interest.
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