Gold Price Prediction – Prices Edge Higher Following ECB Decision

Gold Price Forecast – Gold Markets Continue To Show Buyers

Gold markets pulled back a bit during the trading session on Thursday, as we continue to see plenty of support near the $1550 level. At this point, the market looks likely to see value hunters come back in every time we dip.

Here’s the one important takeaway from Thursday’s ECB meeting

ECB President Christine Lagarde highlights a subtle but potentially important shift in the inflation assessment.

ECB Launches Yearlong Review as Lagarde Promises ‘New Thinking’

Christine Lagarde, the new head of the European Central Bank, has announced a comprehensive review of ECB of its monetary policy. The review is scheduled to take one year, and Lagarde has said that she will be listening carefully as she attempts to modernize the ECB.

Gold Price Futures (GC) Technical Analysis – Holding $1558.80 Could Fuel Rally into $1574.80 – $1581.20

The direction of the April Comex gold futures contract the rest of the session on Thursday is likely to be determined by trader reaction to $1558.80.

USD/JPY Price Forecast – US Dollar Falls Against Japanese Yen

The US dollar pulled back against the Japanese yen rather stringently during the trading session on Thursday, raking below the ¥109.50 level. However, we should have plenty of support underneath.

GBP/USD Price Forecast – British Pound Pulls Back Against The Greenback

The British pound pulled back during the Thursday trading session against the greenback, as the market may have gotten a bit ahead of itself during the Wednesday session.

GBP/JPY Price Forecast – British Pound Pulls Back Against Japanese Yen

The British pound pulled back a bit against the Japanese yen during the trading session on Thursday, as we continue to see a lot of volatility in this pair. Ultimately, this is a market that is very risk sensitive, so keep in mind that it will ebb and flow with other markets.

EUR/USD Price Forecast – Euro Shows Sluggishness

The Euro initially tried to rally during the trading session on Thursday but gave back the gains to break lower yet again. As the ECB keeps interest-rate at zero, they sound extraordinarily dovish.

AUD/USD Price Forecast – Australian Dollar Rallies After Surprise Employment Figure

The Australian dollar rallied quite significantly during the trading session on Thursday, reaching towards the 200 day EMA as the jobs numbers came out much stronger than anticipated.

EUR/USD Mid-Session Technical Analysis for January 23, 2020

Based on the early price action and the current price at 1.1090, the direction of the EUR/USD the rest of the session on Thursday is likely to be determined by trader reaction to the major 50% level at 1.1096.

USD/JPY Fundamental Daily Forecast – Should Tumble Further if WHO Declares Coronavirus Global Health Emergency

The World Health Organization (WHO) postponed a decision Wednesday over whether to declare the disease a global emergency. However, the WHO is expected to make the announcement today. This news should dictate the next move in the Dollar/Yen.

Latest Litecoin price and analysis (LTC to USD)

Litecoin (LTC) is currently trading at around $55 after a 5% drop in price over the last 24 hours. Litecoin experienced exponential growth during the summer of 2019, hitting a yearly high of about $140 in August before breaking down over the second half of the year. The altcoin reached a low of around $37 before recovering to $40, where the altcoin consolidated for a few weeks. Overall, from high to low, Litecoin lost about 68% of its value in the second half of 2019. Interestingly, at the time of writing, LTC seems to be showing signs of recovery along with the rest of the cryptocurrency market. Despite last night's drop, Litecoin is still up around 38% since the startThe post Latest Litecoin price and analysis (LTC to USD) appeared first on Coin Rivet.

GBP/USD Daily Forecast – Sterling Pauses Following Wednesday’s Bullish Breakout

GBP/USD consolidated in early trading on Thursday after a notable upward technical break yesterday which has set a positive tone for the pair.

EUR/USD Daily Forecast – Euro Holds Near Important Support Confluence Ahead of ECB

The range in EUR/USD has been narrowing through the week but volatility is expected later today as the European Central bank meets to discuss monetary policy.

AUD/USD and NZD/USD Fundamental Daily Forecast – RBA Rate Cut Off Table; Coronavirus Impact New Wildcard

The employment report is good news for Australian Dollar bulls and discouraging news for short-sellers betting on a February rate cut. Now they have to reset the clock to April or May so selling the AUD/USD on rallies may not be sound advice unless the coronavirus scare spooks investors into dumping the currency because of Australia’s ties to China’s economy.

Asia Wrap: We Know China Is Sneezing But Will The Rest Of The World Catch A Cold

Caution reigned supreme today in markets as Wuhan went into shutdown and those that were unfortunate enough to have China risk to cover were forced to do so amid dwindling liquidity on both the Yuan and SHCOMP.

GBP/USD Adam and Adam Pattern Suggests Further Move Up

Dear Traders, The GBP/USD has formed Adam and Adam pattern, which is a stronger variant of a W bullish pattern. Continuation up is expected.

GBP/USD – Pound Rebounds, Punches Above 1.31

The British pound has flexed some muscle, as GBP/USD has climbed above the 1.31 line for the first time in two weeks. Will the upward move continue?

Price of Gold Fundamental Daily Forecast – Traders May Be Waiting for WHO to Declare Global Emergency

It’s funny. The news tends to lead investors to believe that gold is a buy when there is uncertainty and fear in the markets, but this type of thinking doesn’t seem to be working at this time.

Why investors can’t afford to sleep through this week’s ECB meeting

Nobody expects any policy changes when European Central Bank big shots meet Thursday, but Christine Lagarde could still drop some worthwhile hints about the path ahead.