The XAU/USD escalated to a high of $1,987
The XAU/USD Gold spot price experienced an impressive upward spike on Thursday, rising toward $1,985 and seeing a daily gain of 1.35%. The metal’s momentum was driven by a decline in US Treasuries, which fell after the report of weak US data suggesting that markets are betting on lower odds of additional tightening by the […]
EUR/USD comes under pressure following new highs near 1.0900
EUR/USD surrenders part of the recent advance to three-month highs just below 1.0900 the figure on Wednesday. The continuation of the upward bias could see the weekly high of 1.0945 (August 30) revisited sooner rather than later. Once cleared, spot could challenge the psychological threshold of 1.1000. So far, while above the significant 200-day SMA, […]
Gold price trades back-and-forth
Gold price (XAU/USD) struggles to extend its recovery as investors remain anxious ahead of US inflation data for October, which will be published at 13:30 GMT. The precious metal consolidates with investors expected to wait until after the release before building fresh positions, as the inflation data will provide them with greater clarity about the […]
EUR/USD trades in an inconclusive fashion below 1.0700
EUR/USD trades in an inconclusive fashion below the 1.0700 mark at the beginning of the week. If bears regain the initiative, they could initially drag the pair to the interim 55-day SMA, today at 1.0639. The loss of this region could open the door to a probable visit to the weekly low of 1.0495 (October […]
EUR/JPY advances to new 2023 highs near 162.00
EUR/JPY resumes the upside and prints new yearly highs in the vicinity of the 162.00 yardstick on Friday. Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 161.85 (November 10) is expected to face the next significant resistance level not before […]
The EUR/JPY is squeezing into 161.80
The EUR/JPY pinged another 15-year high as a recovering Euro (EUR) takes another step over the Japanese Yen (JPY). European Central Bank (ECB) President Christine Lagarde will be delivering a speech today and a speech tomorrow; today’s speech will be at the House of the Euro, a collaborative working space for different European central banks. […]
The Euro keeps the offered stance unchanged vs. the US Dollar
The Euro (EUR) remains on the defensive against the US Dollar (USD), forcing EUR/USD to retreat further and print new weekly lows in the 1.0660 zone, where some initial contention emerged so far on Wednesday. On the other hand, the Greenback gains further strength, encouraging the USD Index (DXY) to trade at shouting distance from […]
Pound Sterling faces selling pressure
The Pound Sterling (GBP) faces a sell-off on Tuesday, paring some gains from the recent rally, as risks of a slowdown in the United Kingdom economy are unabated due to higher interest rates by the Bank of England (BoE). The GBP/USD pair recovered sharply on Friday and Monday but struggled to maintain strength and trades […]
EUR/JPY advances to new 2023 tops near 161.00
EUR/JPY prints new yearly highs in levels just shy of 161.00 the figure at the beginning of the week. Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 160.98 (November 6) should face the next significant resistance level not before the […]
USD/CAD falls vertically below 1.3700
The USD/CAD pair fell sharply below the round-level support of 1.3700 after the release of the United States/Canada labor market data. The Loonie asset witnesses an intense sell-off as the US Dollar Index (DXY) drops swiftly on the soft US Nonfarm Payrolls (NFP) report for October. The US Bureau of Labor Statistics (BLS) reported that […]
