GBP/USD on the Rise: A Look at the Upcoming UK CPI Inflation Data Understanding the Recent Movement GBP/USD continues to gain ground for the third successive session, trading around 1.2690 during the Asian hours on Wednesday. The Pound Sterling (GBP) strengthens as markets price in less than a 20% chance
GBP/USD: Awaiting UK CPI Inflation Print as Pair Hovers Below 1.27 Mark Description: GBP/USD churned chart paper just south of 1.2700 on Tuesday as Cable traders brace for a decently-sized UK data dump due on Wednesday, headlined by UK Consumer Price Index (CPI) inflation figures for October. US economic data
Rising from the Ashes: A Look at the NZD/USD Price Analysis as Buyers Fight for Control The NZD/USD climbed by 0.31% to 0.5910 in Tuesday’s session, continuing its recovery as buyers gained further ground and pushed back the sellers’ attempts. Indicators such as the Relative Strength Index (RSI) and Moving
EUR/USD Under Pressure: ECB Officials Concerned About Eurozone Economic Growth Introduction The EUR/USD struggles to extend Monday’s recovery above the immediate resistance of 1.0600 and edges lower in Tuesday’s European session. It appears that the recovery from the yearly low around 1.0500 last week in the major currency pair losses
GBP/USD Update: Pound Sterling Gains Momentum as USD Weakens Below 1.2700 Mark Description The GBP/USD pair attracts buyers for the second straight day on Tuesday amid a modest US Dollar (USD) downtick and climbs back closer to the 1.2700 mark during the Asian session. Spot prices, however, lack bullish conviction as investors
EUR/JPY Bounces Back Slightly from Daily Low, But Remains in the Red Near Mid-16300s The EUR/JPY cross meets with fresh supply during the Asian session EUR/JPY cross reverses part of the previous day’s recovery move from the 50-day SMA The EUR/JPY cross encountered a fresh supply during the Asian session
Golden Opportunities: How Softer US Bond Yields and Geopolitical Tensions Pushed Gold Prices to a One-Week High Introduction After experiencing its steepest weekly drop in over three years, gold prices (XAU/USD) have rebounded and surged to a one-week high. This sudden increase in gold prices can be attributed to a
Goldman Sachs Predicts: Gold Prices Set to Rise Amidst Trump’s Tariff Troubles Description Goldman Sachs sees gold as a strong hedge against potential risks from Trump-era tariffs, predicting prices will rise further in 2025. In a recent forecast, Goldman Sachs reiterated their gold target of $3,000 an ounce by December
NZD/USD: A Vulnerable Pair as the US Dollar Holds Strong at 0.5850 Description: The NZD/USD pair struggles to hold the immediate support of 0.5850 in the North American trading session on Monday. The Kiwi pair sees more downside as the US Dollar (USD) performs strongly across the board on expectations
USD/CAD: Slim Odds of Bouncing Back, According to Scotiabank Description: The Canadian Dollar (CAD) is little changed to start the week. There is no incentive to push the CAD higher at this point while yield differentials remain so favourable for the USD so stability or, more likely, more CAD softness
EUR/CAD Price Forecast: Bulls Reach One-Week High as 200 EMA Looms Near 1.4870 Area The EUR/CAD cross attracts some follow-through buying at the start of a new week The EUR/CAD cross has been attracting some follow-through buying at the start of a new week, looking to build on its recovery
Gold Glitters as Geopolitical Tensions and Weak USD Propel Price Towards $2,600 Introduction Gold price (XAU/USD) gains strong positive traction on Monday and reverses a part of last week’s sharp decline to the lowest level since September 12. The commodity, for now, seems to have snapped a six-day losing streak
EUR/USD Stuck at 1.0550: A Yearly Low as Fed Remains Cautious and ECB Turns Dovish Introduction The EUR/USD pair is currently trading around 1.0550, near its yearly low of 1.0496, which was reached on November 14. This downward trend has been exacerbated by cautious remarks from Federal Reserve (Fed) officials
GBP/USD Bounces Back: A Glimmer of Hope After Hitting Multi-Month Low Below Mid-12600s Description The GBP/USD pair kicks off the new week on a subdued note and consolidates in a range above the 1.2600 round-figure mark, or the lowest level since mid-May touched on Friday. Spot prices, for now, seem
Riding the Waves: A Look at the NZD/USD Price Analysis – From Highs to Retreats Near 20-Day SMA The Volatility of NZD/USD The NZD/USD saw a volatile session on Friday, with the currency pair initially soaring to a high around 0.5970 near the 20-day Simple Moving Average (SMA). However, the
Uncovering the Golden Opportunities: XAU/USD Levels to Watch Amidst USD Strength and Powell’s Remarks Spot gold (XAU/USD) is steady near 2567.79 after rebounding from a two-month low of 2530, impacted by the strong US dollar and Jerome Powell’s recent speech. The current state of the XAU/USD market has been heavily
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