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   📕 Comment on  Gold  on March 31, 2022:  - In yesterday's trading session, precious metal Gold bounced up exactly as analyzed when it increased from 1915 to 1938 ($23), closing the day session with a bullish candle around the 1932 price range.  closed with a bullish candle, but in my opinion, this upward force is not strong and has not reflected much, it is likely that there will be 1 more decline before increasing again.  - My personal view in today's trading session is that Gold will drop to around 1908-1914.  Here we will look at the possibility of buying this precious metal.  I will update then.

  EUR/USD  has pulled back from earlier multi-week highs in the 1.1160s but remains well supported in the 1.1140 area. USD continues to suffer from broad weakness versus the majority of its G10 counterparts despite less optimistic Russo-Ukraine updates. Meanwhile, hot Eurozone inflation data has encouraged euro buying as US data comes into focus. Though the pair has waned from its earlier multi-week highs in the 1.1160s after selling pressure ahead of the 50-Day Moving Average near 1.1180 emerged, EUR/USD continues to trade with healthy on-the-day gains of about 0.4% in the 1.1130s. The US dollar continues to suffer from broad weakness versus the majority of its G10 counterparts, even as recent tailwinds in the global equity space subside amid less optimistic headlines regarding Russo-Ukraine peace talks, lifting EUR/USD. Another factor likely encouraging euro buying against the buck is recent hot inflation readings coming out of the Eurozone which, as ECB President Chris...

   Economist at UOB Group Barnabas Gan reviews the latest industrial production figures in Singapore. Key Takeaways “Industrial production surged 17.6% y/y (+16.6% m/m sa) in Feb 2022, surprising market expectations for a 6.3% y/y (+5.7% m/m sa) growth. Excluding biomedical manufacturing, industrial production rose 16.8% y/y.” “The strong performance in Singapore’s manufacturing sector is underpinned by the global trade recovery, especially on the back of healthy semiconductor- and biomedical-related demand. Other factors that have supported Singapore’s manufacturing momentum also include the gradual reopening of international borders, which resulted in higher levels of maintenance, repair and overhaul activity from commercial airlines.” “In all, our  outlook  is for full-year manufacturing to grow by an average of 4.0% in 2022. This suggests that despite the high-base growth rate seen in 2021, global trade activity is expected to stay buoyant in the new year.”

  The  GBP/USD pair  extended last week's retracement slide from the 1.3300 mark, or the 200-period EMA on the 4-hour  chart  and witnessed some follow-through selling on Monday. This marked the fourth successive day of a negative move and dragged spot prices to over a one-week low, around the 1.3110 region during the mid-European session. The US dollar continued drawing support from rising bets for a 50 bps Fed rate hike move at the May meeting. Conversely, the sterling was weighed down by dovish remarks from the   Bank of England   Governor Andrew Bailey, saying that we are starting to see evidence of a growth slowdown. This, in turn, exerted downward pressure on the GBP/USD pair.   Looking at the broader picture, the pair on Friday confirmed a break through an ascending trend channel, which constituted the formation of a bearish flag pattern. Sustained weakness below the 1.3100 round-figure mark will further validate the bearish bias and set th...

    Gold ( XAU/USD ) bias is still up, but it would remain under selling pressure. Failure to reclaim February 24 daily high at $1974 left the precious metal exposed to selling pressure unless XAU bulls recover the aforementioned. It is worth noting that the 200-day moving average (DMA) at $1816.85, from an upslope, is horizontal, indicating that the steep rally above $2000 might be subject to a further correction lower. Upwards, XAU/USD’s first resistance would be $1974. Once cleared, the next resistance would be $2000, and the YTD high at $2075.82. On the flip side, and the most likely scenario, XAU/USD’s first support would be March 20 low at $1950.30. Breach of the latter would expose March 16 daily low at $1895.06, followed by November 16, 2021, low at $1877.14.

   USD/JPY   pushed through 122.00 on Thursday. Some retracement is seen today, though in the near-term, the focus will still be on USD/JPY upside as the pair pushes closer to mid-120s.  Technical pull-backs on the cards “Even as we are structurally positive on the USD/JPY towards the mid-120s, do not rule out technical pull-backs. The 121.00 locus may be the first support in that case.” “For now, the  BoJ   and Fin Min have refrained from directly commenting on JPY weakness.”

   After a tough start to the year, the AUD has rebounded convincingly to become one of the leaders in the G10. Economists at ANZ Bank expect the AUD/USD to move sideways in the near-term before staging a leg higher to the 0.75 level by year-end. Challenging risk environment will keep rallies capped  “The terms of trade improvement and a strong domestic economy are likely to keep the  AUD  well supported, though a challenging risk environment will keep rallies capped.” “We believe the aussie will be mostly rangebound through the middle part of 2022 before a global growth recovery helps propel a move back to 0.75 by year-end.

forexadviseclub  the brokerage brand owned by StoneX Group, announced on Wednesday that it has expanded its trading services in the Canadian market. Services in the market are being offered by the locally established GAIN Capital- FOREX.com Canada Limited but under its generic Forex.com brand. Its offerings are fully regulated as it is a member of the Investment Industry Regulatory Organization of Canada and also of the Canadian Investor Protection Fund. “Our mission at StoneX is to open markets, and this expansion of our FOREX.com offering in the Canadian market is an important part of providing comprehensive access to the retail investor,” said the CEO of StoneX Group, Glenn Stevens. Last October, the broker started offering its services in the Latin American markets  under a Cayman Islands license. Related content

 📕 Comment on  Gold  on 22/03/2022:  - In yesterday's trading session, precious metal Gold went right in its analysis from 1918 to 1941, closing the session with a bullish candle around 1935. This increase in my opinion does not reflect too much and  Gold is mostly moving sideways in a large range.  - The current resistance area for this precious metal is around 1940-1945 and support is below 1912-1918.  Investors can wait for the price reaction of Gold at these two margins to consider the option to order. 

  📕 Comment on Gold on March 16, 2022:  - Yesterday, Gold dropped the deepest point to 1907. The price range from 1907-1921 we all know this is the "old peak" of 2011. If Gold drops through this price range, the possibility of a down cycle will be  reappeared.  Currently, there is not much news about the negotiations between Russia and Ukraine and the market may need to wait for new information and the old information on the chart has already shown.  - My personal opinion in today's trading session 1907 is quite important. If Gold does not break this price range, the possibility of an increase is still there, but if it breaks 1907, I will change my view.  point and sell down with this precious metal.

  Comment on Gold on March 15, 2022: - In yesterday's trading session, precious metal Gold had 1 day of decline from 1990 to 1950, closing the day session with a bearish candle with quite strong force and Gold also dropped quite deeply at $121 in terms of price. from the "peak" of 2070, plus in the early morning of this morning Gold fell to the threshold of 1939, so it is not possible to exclude the possibility that Gold will bounce back and rebound. - On the daily chart, Gold is also touching a fairly wide support area and in my opinion the buying plan will be more reasonable than selling. In today's trading session, I expect Gold to recover and gain after a series of days of falling around the 1974 price level. If Gold can surpass this price range, it is likely to increas

  📕 Comment on Gold on March 14, 2022:  - In the last trading week, we witnessed a 2-way running with a large amplitude of Gold, Gold price increased from 1960 to 2070 ($110) and fell back after that, closing the week with a bullish candle at  around the price zone of 1989. With the tension between countries about the war in Ukraine, in my opinion Gold can bounce back at any time.  - On the D1 daily chart time frame, the 1960-1970 zone is the price zone where when Gold dropped to here, it retreated to increase again, this we can see clearly in the last 2 days of the last week.  Therefore, this price area is a good support area for precious metal Gold at the beginning of this week's trading session.  We can establish a buy position when Gold is around the upper threshold with a safe target around 1990.

 Series on the Russia-Ukraine Crisis:  "There has been no progress in reaching a ceasefire during negotiations with his Russian counterpart Sergey Lavrov on Thursday.  The two ministers met in the Turkish city of Antalya on Thursday to negotiate the conflict in Ukraine, marking their first meeting since Russia invaded the country on 24 February.  ----  Ukraine's Foreign Minister - Dmytro Kuleba said after the press conference.  => This shows that the two sides are still at odds on many issues, Ukraine is ready to negotiate peace but is still ready to defend the country;  while the Russian Foreign Minister did not give any guarantees on the humanitarian corridor as well as ensuring security for the Ukrainian side.  Of course, the negotiation failed.

  Comment on # Gold on March 9, 2022: - In the last 3 trading days, precious metal Gold has rebounded strongly and has not shown any signs of a downward correction. Gold price has reached an all-time high in August 2020 around the threshold of 2073. With the tension between Russia - Ukraine showing no signs of coming to an end, plus the US, UK and possibly the EU soon announced the ban on the import of Russian oil. This exacerbates the already existing tension here. So in my personal opinion, I will still prefer to buy with precious metal Gold if there is a good price zone. - During this time, the volatility of Gold is quite large along with a huge profit, but our SL level will have to be longer, so ace should pay attention to the amount of capital to be able to maximize profits and limit. risk control. On the H4 chart, the closest support area for precious metal Gold is around 2035-2025. Here we might consider buying in precious metal Gold with a safe-go around 2055.

  The Russian rouble slid further on Thursday, hitting record lows against the dollar and euro, after ratings agencies Fitch and Moody's (NYSE: MCO ) downgraded Russia's sovereign debt to "junk" status citing the impact of Western sanctions. At 0830 GMT, the rouble was more than 10% weaker against the dollar at 117.5 and had lost over 7% against the euro to trade at 124.1 on the Moscow Exchange, marking the first time the rouble has traded above 110 to the dollar in Moscow. The Russian central bank imposed a 30% commission on foreign currency purchases by individuals on currency exchanges - a move brokers said appeared designed to curb demand for dollars - but that did little to halt the rouble's slide. Russia's financial markets have been thrown into turmoil by sanctions imposed over its invasion of Ukraine, the biggest attack on a European state since World War Two. Russia calls its actions in Ukraine a "special operation" that it says is not desig...

 The U.S. dollar pushed higher in early European trade Tuesday, with the euro under pressure, with the intensifying conflict in Ukraine prompting demand for the world’s reserve currency. At 2:55 AM ET (0755 GMT), the  Dollar Index , which tracks the greenback against a basket of six other currencies, traded 0.3% higher at 97.660. Russian forces have intensified the bombardment of Ukrainian cities, warning residents of Kyiv to leave as a miles-long convoy of armored vehicles draws near to the capital. This is resulting in traders seeking out the dollar, the globe’s reserve currency, main safe haven, and most liquid asset. “Recent headlines that Russia is escalating nuclear preparations and that the west is imposing increasingly tough sanctions, including freezing assets and cutting off certain Russian entities from the SWIFT interbank communications network, suggest that the risk-off tone may linger throughout the week and potentially beyond,” said Matthew Weller, Global Head o...

  Gold has failed to benefit from the major escalation in the war. US 10-year yields have crashed, yet the precious metal is far from last week's highs.  Bitcoin's fresh appeal is drawing money away from gold.  Gold is seen as a safe haven asset and tends to benefit when US Treasury yields tumble down – and returns on Uncle Sam's debt are indeed falling. However, XAU/USD is still stuck at around $1,907, a far cry from the $1,973 level recorded last week. That is a fundamental sign of weakness. *Note: This content first appeared as an answer to a Premium user.   Sign up and get unfettered access to our analysts and exclusive content . On the technical side, the picture is more nuanced. While momentum on the 4h-chart is to the downside, gold still trades just on top of the 50 SMA and well above the 100 and 200 SMAs.  The precious metal's price is currently consolidating in a narrow range, but the battle lines are clear. Some support is at $1,900, which is a psycho...