GBP/USD: Sterling Falters Despite Upbeat UK Data
The Pound Sterling (GBP) weakened against the US Dollar (USD) on Friday, trading at 1.2510, down 0.10%. This decline comes despite the release of positive economic data from the UK. Stronger UK Data, Weaker Pound: US Economic Concerns Weigh on GBP: Technical Analysis: GBP/USD Faces Resistance Downside Risks: Upside Potential: The GBP/USD’s price action appears […]
Gold Gleams as Central Banks Pivot
Gold prices (XAU/USD) climbed on Thursday, trading in the upper $2,310s. This surge comes after several central banks signaled a shift towards lower interest rates. Central Banks Signal Shift: China’s Economy Bolsters Gold: Technical Analysis: Gold Meets Resistance Potential Scenarios:
NZD/USD Stalls as US Dollar Rebounds
The New Zealand Dollar (NZD) struggles to gain traction against the US Dollar (USD) on Wednesday, hovering around the key psychological level of 0.6000. The NZD’s near-term direction hinges on the broader market risk sentiment, the US Dollar’s strength, and future RBNZ policy decisions.
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 […]
