GBP/JPY Takes a Dip as Japan’s Robust Growth Boosts the Yen Introduction GBP/JPY trades lower by about a third of a percent, in the 197.10s on Friday, after the release of weak UK economic growth data led to a depreciation of the Pound Sterling (GBP). The Japanese Yen (JPY) conversely
Expert Analysis: Why the NZD/USD Outlook is Still Gloomy – Insights from UOB Group The New Zealand Dollar (NZD) is expected to continue to weaken When it comes to the NZD/USD outlook, things are not looking good. According to UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann,
Kiwi Dollar Maintains Strength Near 0.5850 Amid Business NZ PMI and China Data: A Market Update Introduction The NZD/USD halts its three-day losing streak, trading around 0.5850 during the Asian session on Friday. The New Zealand Dollar (NZD) might have received downward pressure as the Business NZ Performance of Manufacturing
USD/JPY Soars: A Bullish Run Continues! Introduction When the price modestly corrected into the first few hours of the Asian session yesterday, the price retested that break level, and found willing buyers. The price moved higher in fits of up and down price action during the day, but close near
Gold Price Stays Steady as US Dollar Gains Strength and PPI Data Remains Strong Gold Recovers Ground but Remains Below Opening Price Gold made a slight recovery on Thursday, yet it continues to trade below its opening price for the fifth consecutive day. This trend has been largely influenced by
Breaking Down the GBP/USD Forecast: Bearish Pressure Sends Cable Below 1.2700 The Impact of US Economic Data on the British Pound The British Pound experienced a decline of 0.10% against the US Dollar following the release of US economic data indicating that inflation continues to exceed the Federal Reserve’s target
GBP/USD Update: Pound Plummets to Four-Month Low Before Powell and Bailey Speak Description The Pound Sterling (GBP) refreshes over a four-month low below the round level of 1.2700 against the US Dollar (USD) in Thursday’s London session. The GBP/USD pair extends its downside for the fifth consecutive trading day as
Breaking News: EUR/USD Hits New Annual Lows as US Dollar Continues to Dominate Description EUR/USD posts a fresh annual low near 1.0530 in European trading hours and extends its losing streak for the fifth trading day on Thursday. The major currency pair has faced an intense sell-off as the US
USD/CHF Soars to New Heights: Stronger USD Pushes Pair Towards 0.8900 Mark The USD/CHF pair builds on the previous day’s breakout momentum above a technically significant 200-day Simple Moving Average (SMA) and gains traction for the fifth successive day on Thursday. This also marks the sixth day of a positive
Gold Glitters: UBS Sticks with $2,900 Target for Precious Metal UBS remains bullish on gold UBS is sticking to its bullish gold forecast According to a recent report by UBS, they are maintaining their target price of $2,900 for gold. Despite recent movements in the equity markets and a decline
GBP/USD Continues to Drop for Fourth Consecutive Day on Wednesday Description: GBP/USD eased further into the low end on Wednesday, trimming further south of the 200-day Exponential Moving Average (EMA) in a one-sided bearish decline as the pair closes in the red for a fourth consecutive trading day. The Pound
EUR/USD Hits a Fresh Yearly Low as Euro Continues to Weaken – A Look at the Latest Market Trends The Continued Decline of EUR/USD EUR/USD continued to backslide on Wednesday, falling into 1.0550 and finding only a meager bounce from 54-week lows after US Consumer Price Index (CPI) inflation for
Golden Opportunities: Trendline Rebound and US Inflation Data on the Horizon Introduction Gold (XAU/USD) trades just above $2,600 on Wednesday after the precious metal’s November sell-off to seven-week lows found technical support at a major trendline. Gold takes a breather as markets wait for the release of key inflation data
USD/JPY Reaches Three-Month High: The Unstoppable Rise of the US Dollar USD/JPY Climbs to 154.87 The USD/JPY currency pair has reached a three-month high of 154.87, driven by the strengthening US dollar in the aftermath of Donald Trump’s election victory. The market’s response to Trump’s presidency has been largely positive,
Gold Price Holds Strong Above $2,600 as Market Prepares for US CPI Release Market Update Gold price (XAU/USD) attracts some buyers during the Asian session on Wednesday and for now, seems to have snapped a three-day losing streak to its lowest level since September 20, around the $2,590-$2,589 region touched
Silver Soars: XAG/USD Nears $31, Upward Momentum Stalls Silver Continues its Rise The recent surge in silver prices Silver (XAG/USD) has been on a steady upward trajectory, with its value nearing the $31 mark. After bouncing back from its lowest level since October 8, silver has gained momentum and is
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