Unlocking the Potential: A Bullish Outlook for USD/JPY and Silver on the Forex Market The Dollar’s pullback below the 108 zone The USD/JPY pair has seen a pullback below the crucial 108 zone in recent trading sessions. This pullback has been largely attributed to a combination of factors, including the
Uncovering the Latest on the Pound to Euro Exchange Rate: Lackluster Eurozone Retail Sales Dampen GBPEUR Rates for 2024-12-06 The Impact of Eurozone Retail Sales on GBPEUR Exchange Rates On Thursday, the Euro (EUR) faced mixed fortunes in its exchange rate against the Pound (GBP) and other major currencies. While
Unpacking the Latest on GBP/USD: Struggles and Forecasts for the Pound Sterling Description: The GBP/USD pair oscillates in a range below mid-1.2700s during the Asian session on Friday and consolidates its recent gains registered over the past three days, to over a three-week high touched the previous day. Traders now
Gold Glitters Again: Price Bounces Back from One-Week Low, All Eyes on US NFP Report Gold Price Rebounds Gold price (XAU/USD) rebounds after touching a one-and-half-week low during the Asian session on Friday and climbs to a daily high, above the $2,640 level in the last hour. Any meaningful appreciating
Unlocking the Potential: Silver’s Breakthrough on the Horizon as Payrolls Take Center Stage The Rise of Silver Silver, often overshadowed by its more popular counterpart gold, has been quietly making waves in the financial markets. In recent weeks, silver has shown signs of strength and resilience, defying market expectations and
USD/JPY Dips as US Initial Jobless Claims Soar: What This Means for Traders Introduction The USD/JPY pair has experienced a downward trend, hovering around 150.50 in Thursday’s North American session. This decline comes after the release of the United States (US) Initial Jobless Claims data for the week ending November
Unlocking the Secrets of USD/JPY: A Look Ahead at NFP, CPI, and Fed & BOJ Meetings The USD/JPY rebounded off its overnight lows, with the big rally in Bitcoin and DAX helping to reduce the yen’s haven appeal somewhat. The USD/JPY currency pair has been on a rollercoaster ride in
USD/CAD Retreats Towards Mid-14000s as USD Softens: A Brief Market Update Introduction The USD/CAD pair has been facing some downward pressure after gaining momentum earlier in the week. As the US dollar softens, the pair is struggling to maintain its recent gains and is now approaching the mid-1.4000s. This decline
EUR/USD on the Rise: French Political Crisis Keeps Market Sentiment in Check EUR/USD ticks higher and strives to stay above 1.0500 In European trading hours on Thursday, the EUR/USD currency pair is showing signs of upward movement, with the pair trying to maintain its position above the pivotal 1.0500 level.
Gold Dips as US Bond Yields Rebound: Is the Downside Limited? Gold price drifts lower amid mixed fundamental cues Gold price (XAU/USD) has been drifting lower during the Asian session on Thursday, albeit it remains confined in a familiar range held over the past week or so amid mixed fundamental
Uncovering Silver’s Future: A 3-Week Support Build at $30? Silver prices skyrocket to a 12-year high Silver prices recently experienced a significant surge in the market, reaching a 12-year high. This surge marked the metal’s first test of the 35-handle since October of 2012. During this time, gold prices were
Silver Soars: XAG/USD Bounces Back from $30.50 After Strong US Job Data Silver Price Recovers Following Release of US ADP Employment Change Data The silver price (XAG/USD) has shown a V-shaped recovery pattern, bouncing back from the key support level of $30.50 during Wednesday’s North American session. This surge in
Unlocking the Power of AUDCAD: How GDP Data Impacts Price Trends The Shift in USD and AUD The US Dollar (USD) lost momentum on Tuesday, reversing some of Monday’s gains and moving closer to key support levels around 106.00, as measured by the Dollar Index (DXY). Meanwhile, the Australian Dollar
Unlocking the Potential: USD/CAD Ascending Triangle Breakout Signals Continued Upside Momentum The USD/CAD pair extends its winning streak for the third trading day on Wednesday The USD/CAD pair has been on a roll, extending its winning streak for the third trading day on Wednesday. The Loonie pair is moving higher,
Breaking Down the EUR/USD and Dow Forecast: What to Expect Ahead of Crucial US Data Introduction The first week of December brings with it a cautious outlook for 2025, particularly in the realm of global economics. The ISM Manufacturing PMI, which serves as a key indicator of economic growth, remains
Rising from the Ashes: AUD/JPY Price Forecast Bounces Back from Intraday Dip Below 9600, But Bearish Sentiment Persists The AUD/JPY cross dropped to its lowest level since September 18 during the Asian session on Wednesday as softer Australian GDP print lifted bets for an early interest rate cut by the
