VONWAY FOREX GLOBAL LTD

2023-06-12 15:57:26 EUR/USD Price Analysis: Persistent Resistance at 1.0800 Restricts Further Gains

EUR/USD has resumed its upward momentum after experiencing a noticeable retracement on Friday, and it is now approaching the 1.0800 area.

A more determined bullish effort is anticipated to swiftly surpass the current monthly high at 1.0790 (achieved on June 12), which is closely followed by the significant psychological level at 1.0800. The latter level is supported by the temporary 100-day Simple Moving Average (SMA) at 1.0805.

In the broader perspective, the positive outlook remains unchanged as long as the pair remains above the 200-day SMA, which is currently situated at 1.0522. Buka / Bagaimana

2023-06-11 02:21:48 Enjoy Enhanced Functionality Now!

We are pleased to inform you that the maintenance of our CRM (Customer Relationship Management) system has been successfully completed. Our team has worked diligently to ensure that all necessary updates and optimizations have been implemented, and the system is now fully operational.

We apologize for any inconvenience caused during the maintenance period and appreciate your patience and understanding. Our goal is to provide you with a seamless and efficient experience, and we believe that the updates made to our CRM system will contribute to that.

Thank you for your continued support and trust in our services. We are committed to delivering the best experience possible, and we look forward to serving you with an improved CRM system. Buka / Bagaimana

2023-06-10 18:56:22 Server Maintenance undergo!

We wanted to inform you that our CRM (Customer Relationship Management) system is currently undergoing maintenance. As a result, certain functionalities and features may be temporarily unavailable until further notice.

Our team is working diligently to ensure that the maintenance process is completed as quickly as possible. However, we apologize for any inconvenience this may cause in the meantime. We understand the importance of our CRM system in providing you with a seamless and efficient experience, and we appreciate your patience and understanding during this maintenance period.

Rest assured that we are doing everything we can to minimize any disruptions and have our CRM system up and running at full capacity as soon as possible.

If you have any urgent inquiries or require immediate assistance, please don't hesitate to reach out to our support team directly. They will be available to assist you through alternative channels during this maintenance period. Buka / Bagaimana

2023-06-08 23:16:54 XAUUSD Price Analysis

Price movement on the XAUUSD chart which measures the value of gold against the US dollar
The initial jump occurred until the price reached the level of 1970.00, but the mood changed when the price continued to turn towards making a drop.
The downtrend did not stop until 1950.00 and even went lower to around 1940.00 support level.
If the height of 1970.00 yesterday is successfully overcome, the 1980.00 zone is seen as the main focus for the price to come back.

However, if the next trading session shows the pattern of yesterday's price increase continuing again, the price is likely to reach the resistance level of 1980.00. Buka / Bagaimana

2023-06-08 05:27:33 USD/CAD Struggles After BoC's Surprise Rate Hike, Holds Above Mid-1.3300s

The USD/CAD pair is facing challenges despite a recent rebound from a one-month low. The Bank of Canada's unexpected rate hike has supported the Canadian Dollar (CAD) and added downward pressure to the USD/CAD pair. Meanwhile, the US Dollar (USD) remains range-bound as uncertainty lingers over the Federal Reserve's rate-hike path. Recent rate hikes by other major central banks indicate ongoing efforts to combat inflation, suggesting the Fed may maintain higher rates for longer. Traders are advised to wait for further market movements before considering a continuation of the current downtrend. The release of US jobless claims data and oil price dynamics will influence trading opportunities around the USD/CAD pair. Buka / Bagaimana

2023-06-07 04:25:18 AUD/USD Surges Towards 0.6700 as RBA Governor Signals Hawkish Stance, Focus Shifts to Australia's GDP

The AUD/USD pair is rising for the fifth consecutive day, reaching its highest levels in three weeks, supported by hawkish comments from RBA Governor Philip Lowe and the RBA's surprise rate hike. Governor Lowe justified the rate increase by citing greater upside risks to inflation and hinted at the possibility of further tightening. Australian Treasurer Jim Chalmers also expressed confidence in the economy, reducing recession concerns. The AUD/USD pair is further boosted by hopes of improving US-China and Canberra-Beijing relations, as well as diminished expectations of hawkish moves from the Federal Reserve. However, caution remains ahead of Australia's Q1 GDP data release, which is expected to ease but any positive surprises won't be ignored. Additionally, the market will be watching China's monthly trade numbers and concerns related to the Federal Reserve. Buka / Bagaimana

2023-06-06 07:18:13 Gold Price Forecast: XAU/USD Gyrates in $1,955-73 Trading Zone

The Gold Price (XAU/USD) reflects a sluggish market as it enters Tuesday's European session following a week of indecision. The lack of significant economic data and events on the calendar, along with mixed concerns about the Federal Reserve's actions and the diplomatic relations between the US and China, contribute to this sentiment.

While recent headlines suggest positive progress in Sino-American talks, tensions surrounding Taiwan continue to create uncertainty. Additionally, softer US data and previous discussions by the Federal Reserve lead traders to anticipate a potential policy shift. However, comments from the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, hint at the possibility of more interest rate hikes by the US central bank, which weigh on the Gold Price. Moreover, the passage of the US debt-ceiling deal and concerns about the banking sector contribute to the downward bias surrounding XAU/USD. Buka / Bagaimana

2023-06-05 02:22:49 NZD/USD Price Analysis: Consolidation Continues as Kiwi Pair Struggles to Sustain Bounce

The NZD/USD currency pair is showing signs of weakness as it fails to maintain its recent bounce off seven-month lows. Despite attempting a corrective move, the pair remains suppressed near 0.6060, unable to overcome key resistance levels and the 10-day moving average. The absence of New Zealand traders due to local holidays further contributes to the pair's continued decline. However, there are indicators suggesting a potential recovery, such as the nearing oversold territory on the RSI (14) and a potential bullish cross on the MACD. If the pair manages to break above 0.6110, it could target the mid-May swing low at 0.6185, followed by the May 19 peak around 0.6310. On the downside, pullbacks may encounter support at the 50% Fibonacci retracement level near 0.6025 and the psychological level of 0.6000. To sustain bearish momentum, the NZD/USD must stay below the recent swing low of approximately 0.5985. Buka / Bagaimana

2023-06-02 03:50:20 [NFP NEWS]Report Holds Key Information for the US Labor Market

The upcoming Non-Farm Payrolls (NFP) report is expected to provide crucial insights into the US labor market and influence the Federal Reserve's interest rate decision. Currently, money markets predict a 70% chance of a rate hike hold based on recent comments from Fed speakers. However, a strong NFP release could potentially challenge this expectation and introduce a more neutral market sentiment.

Market participants will closely analyze various components of the NFP report, including headline job creation numbers and wage growth. Wage growth, in particular, has been a concern in recent years. If it accelerates, it could raise concerns about inflationary pressures and prompt the Federal Reserve to take more decisive action.

Advise:Please ensure that you are aware of the potential impact of this news on your open trades and take appropriate risk management measure. Buka / Bagaimana

2023-06-01 15:21:26 Market Focus: US Dollar Slips Amid US Data and Fedspeak Anticipation

The US Dollar (USD) experienced a decline after performing strongly against other major currencies. The US Dollar Index, which measures the USD's value against six major currencies, dropped towards 104.00 after reaching a high above 104.50 earlier in the week.

The USD's performance could be influenced by the release of the monthly private sector employment data by Automatic Data Processing (ADP) later in the day. Additionally, the US economic calendar includes a revision of the first-quarter Unit Labor Costs and the ISM's Manufacturing PMI survey for May. Investors are also closely monitoring comments from Federal Reserve (Fed) officials before the upcoming blackout period beginning on Saturday. Buka / Bagaimana