Gold Loses Shine as US Dollar Rebounds
Gold prices (XAU/USD) are down around a third of a percent on Tuesday, trading in the $2,310s. This decline comes as the US Dollar (USD) recovers, making dollar-denominated Gold less attractive. Dollar Strength Caps Gold Price Technical Analysis: Gold at a Crossroads Unfinished Measured Move Pattern The future direction of Gold hinges on the strength […]
EUR/GBP Stuck in Sideways Range, Potential Breakouts on Horizon
The EUR/GBP currency pair is currently trading in the 0.8560s, within a well-established multi-month range. Sideways Trend Prevails Support and Resistance Levels Technical Indicators Offer Mixed Signals Looking for a Trend Change Confirmation of Breakouts
Euro Gains Traction on Weak US Jobs Data
The Euro (EUR) strengthened against the US Dollar (USD) on Friday, reaching a three-week high near 1.0800. Technical Analysis: EUR/USD Faces Resistance
Pound Sterling Vulnerable as US Dollar Rebounds
The Pound Sterling (GBP) faced pressure on Thursday, struggling to hold above the key resistance level of 1.2500. Technical Analysis: GBP/USD Faces Resistance
Silver Rebounds on Weak US Manufacturing Data, Fed in Focus
The Silver price (XAG/USD) staged a significant comeback on Wednesday, bouncing back from a four-month low of $26.30 after the release of a disappointing US Manufacturing PMI report. Fed’s Stance on Rates Crucial Silver Technical Analysis: Near-Term Uncertainty
Loonie Loses Luster on Weak GDP, Fed in Focus
The Canadian Dollar (CAD) weakened against the US Dollar (USD) on Tuesday, weighed down by a combination of factors. Mixed Performance Against Other Currencies Despite the decline against the USD, the CAD managed to gain some ground against the Antipodeans (AUD and NZD) in Pacific market trading. However, it lost value against the Euro (EUR). […]
Gold Pauses Before Fed Decision, Eyes on US Jobs Data
Gold prices retreated slightly after two days of gains, consolidating near familiar levels ahead of the crucial US Federal Reserve interest rate decision scheduled for May 1st. Mixed US Data Fuels Fed Uncertainty Recent economic data from the US painted a mixed picture. While GDP growth fell short of expectations, inflation, as measured by the […]
GBP/JPY Soars to 2008 Highs on BoJ Inaction
GBP/JPY breaks through the 197.00 barrier for the first time since 2008 as the market forcefully challenges the Bank of Japan’s (BoJ) ultra-loose monetary policy. This historic surge is fueled by the BoJ’s decision to maintain its accommodative stance, prompting a widespread Yen selloff. Key Factors: Technical Outlook: Extreme Bullish Momentum Outlook: GBP/JPY’s trajectory remains […]
Canadian Dollar Steady Despite Conflicting US Data, Eyes Next Week’s Releases
The Canadian Dollar (CAD) exhibited a mixed performance on Thursday, remaining within familiar technical levels as markets digested conflicting US economic data. While weaker-than-expected US GDP fueled rate cut hopes, stubbornly high inflation figures tempered those expectations. Key Factors: Technical Analysis: Rangebound Trading Continues Outlook: The CAD awaits next week’s Canadian data releases for further […]
Gold Price Retreats Ahead of Critical US Data, Eyes Inflation Cues
Gold price (XAU/USD) experiences selling pressure as it struggles to hold above $2,320 in anticipation of crucial US macroeconomic releases. Diminishing safe-haven demand due to easing geopolitical tensions and investor caution weigh on the precious metal. Key Factors: Technical Analysis: Gold Vulnerable Below $2,300
