China's upcoming third plenum focusing on economic reforms is a key event to watch for potential market impact. The Pound Sterling has weakened amid caution ahead of Fed Powell's speech, indicating potential volatility in the currency markets. The ECB Forum featuring Fed Chairman Powell and ECB President Lagarde discussing policy outlook could provide valuable insights for traders.
Gold remains range-bound, but long-term prospects are bullish, making it an interesting asset to monitor. USD/CNH is poised for a potential break above 7.3100, presenting a trading opportunity for those following the pair. Similarly, USD/JPY's next level to watch is 163.00, with potential upside above 162.00 according to UOB Group.
Silver has fallen according to recent data, while EUR/USD is under pressure ahead of Fed Powell's speech and the outcome of the French elections. Silver's price forecast remains below $29.50 due to an improved US Dollar and yields, highlighting the importance of these factors in determining precious metal prices.
NZD/USD is struggling to reach major support at 0.6040, indicating potential downside for the currency pair in the near term. Overall, keeping an eye on these key events and levels can provide valuable insights for traders looking to navigate the current market environment.
Learn about my trading tools: https://www.mql5.com/en/users/philip.edits/seller
Gold remains range-bound, but long-term prospects are bullish, making it an interesting asset to monitor. USD/CNH is poised for a potential break above 7.3100, presenting a trading opportunity for those following the pair. Similarly, USD/JPY's next level to watch is 163.00, with potential upside above 162.00 according to UOB Group.
Silver has fallen according to recent data, while EUR/USD is under pressure ahead of Fed Powell's speech and the outcome of the French elections. Silver's price forecast remains below $29.50 due to an improved US Dollar and yields, highlighting the importance of these factors in determining precious metal prices.
NZD/USD is struggling to reach major support at 0.6040, indicating potential downside for the currency pair in the near term. Overall, keeping an eye on these key events and levels can provide valuable insights for traders looking to navigate the current market environment.
Learn about my trading tools: https://www.mql5.com/en/users/philip.edits/seller
