Gold price consolidates with the US Dollar steady near recent lows
Gold (XAU/USD) has opened the week on a mildly positive tone, favored by a moderate pullback on the US Dollar (USD) and the depressed US bond yields, which remain stuck at mid-term lows. The precious metal, which is hovering right above $2,020 remains buoyed by increasing hopes that the global tightening cycle has come to […]
Gold price keeps consolidating with the US Dollar depressed
Gold price (XAU/USD) keeps its positive bias intact on Friday’s early European session and is on track to a 2% weekly rally, fueled by the Federal Reserve’s (Fed) dovish pivot, which sent the US Dollar (USD) tumbling. Thursday’s data from the US confirmed that the labor market remains strong, and retail sales increased, offering some […]
Gold price is aiming to deliver more gains as the Fed surprisingly turns dovish
Gold price (XAU/USD) extended its recovery on Thursday as dovish guidance from the Federal Reserve (Fed) turned its fundamentals supportive, potentially for the long term. The precious metal is expected to add more gains as new projections from the Fed endorse more rate cuts than previously estimated, due to significant progress in inflation declining towards […]
GBP/USD has fallen below 1.2600 courtesy of weak UK economic data
The GBP/USD fell 0.32% during the North American session, after data from the United Kingdom (UK), depicted the economy is at the brisk of recession amid a high inflation period. That and investors awaiting the Federal Reserve’s decision on monetary policy keep the Greenback in the driver’s seat. At the time of writing, the major […]
The USD/JPY navigates around the 145.55 level with 0.40% losses
In Tuesday’s session, the USD/JPY pair is facing a downward shift, now trading at the 145.55 level. This movement comes as market participants digest the implications of the US Consumer Price Index (CPI) data which confirmed another monthly deceleration. In that sense, inflation in the United States, as indicated by the Consumer Price Index (CPI), […]
USD/JPY is likely to find resistance at the 146.85 area
The US Dollar is extending its recovery, as comments from BoJ officials have poured cold water on investors’ expectations that the bank could end its ultra-loose policy after their December meeting. News reports citing Bank of Japan’s officials suggest little need to end the negative rates policy, as there is not enough evidence that wage […]
The Australian Dollar maintains a mild positive tone with bears capped at 0.6590 so far.
The Aussie is trading with moderate gains on Friday, following a significant rebound on Thursday, which has left the pair consolidating above the 0.6600 level ahead of US employment data. Data from the US showed an increase in US Jobless claims, adding to evidence that the US labor market is loosening and increasing hopes that […]
The EUR/USD is down a further 0.3%
The EUR/USD saw further downside on Wednesday, down a third of a percent on the day and extending the Euro’s backslide from last week’s peak of 1.1017 to two-and-a-third percent, closing in the red for six consecutive trading days. The Euro is the second-worst performing currency on the market Wednesday, shedding value against almost all […]
The Euro bounces up and approaches intra-day highs at 1.0800
The Euro is trimming some losses ahead of Wednesday’s US session opening, favored by a mild US Dollar weakness after the US ADP report showed an unexpected decline in US employment. Job creation increased by 103,000 new payrolls in the US in. November, well below the 130,000 reading forecasted by the market. Apart from that, […]
The Dollar threads water with the CHF favoured by the negative risk sentiment
US Dollar’s recovery attempt from Monday’s lows at 0.8665 is meeting strong resistance at the upper range of 0.8700. This leaves the pair wavering right about 0.8700, with the bearish trend from early November highs intact. Risk-averse market sentiment on Tuesday’s European session has offset the impact of the weak Swiss CPI reading seen on […]
