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
GBP/USD Takes a Dive: Losses Intensify and Market Sentiment Sours What Happened? On Tuesday, GBP/USD lost its footing, shedding almost a full percent after UK labor figures came in mixed. Despite the mixed data, all Cable traders could focus on was a steeper-than-expected upswing in the UK Unemployment Rate. This
Breaking Down the GBP/USD Forecast: A Dive Below the 200-Day SMA and 1.2800 Level Introduction The Pound Sterling plummets more than 0.60% on Tuesday, after labor market data was mixed, with the Unemployment Rate rising sharply, as the economy added over 220K jobs to the economy, 150K less than in
USD/CAD Price Forecast: Pressure Mounts Above 1.3950 Resistance Description: The USD/CAD pair gives up half of its intraday gains after facing selling pressure above the key resistance of 1.3950 in the North American session on Tuesday. The Loonie pair surrenders some gains even though the US Dollar (USD) clings to
Unlocking Profit Potential: A Look at GBP/USD and DAX Trades for 11/12/2024 What the Latest Unemployment Numbers Mean for Traders The latest unemployment figures for the three months to September have sent shockwaves through the financial markets. With a rise in unemployment to 4.3%, up from 4% in the previous
GBP/JPY Takes a Tumble to 197.00 Ahead of UK Employment Data Release A Fresh Supply Hits GBP/JPY The GBP/JPY cross encountered a new wave of selling pressure after a slight increase during the Asian session that brought it just above the 198.00 level. This reversal saw a significant portion of
Gold Price Stabilizes Above Recent Low, But Still Facing Uncertainty – A Look at the Current Market Situation The Recent Plunge in Gold Price Gold price (XAU/USD), after recording its steepest weekly decline in over five months, fell over 2% on Monday and dived to its lowest level since October
EUR/USD Takes a Tumble on Quiet Monday Trading: What You Need to Know EUR/USD Slides to Fresh 30-Week Low The EUR/USD pair suffered a significant decline on Monday, reaching a 30-week low. The currency pair started the week with a 0.6% drop, with the Euro losing ground against the US
Breaking Down the NZD/USD Pair: A Neutral Trade with a Bearish Outlook Introduction The NZD/USD pair traded neutrally on Monday, around 0.5960, and remains well below the 20-day Simple Moving Average (SMA). The pair’s technical outlook is mixed, as the Relative Strength Index (RSI) indicates rising selling pressure while the
Breaking News: Pound to Euro Exchange Rate Reaches 31-Month High Amidst Trump Trade Talks The Euro has remained under pressure in global currency markets due to fears over US trade policy and unease over the German government collapse. The Pound has been broadly resilient in global markets and the Pound
USD/JPY: Potential PM Vote Risk Ahead – Insights from OCBC Introduction Today, the Japanese parliament will be voting in a special session to decide on who will take on the role of premiership. This Prime Ministerial vote can be a complex process, which may take up to two rounds. In
Unlocking the Potential: Why the EUR/USD May Be Headed Downward, According to OCBC Introduction The Euro EUR continued to trade near recent lows, weighed by fresh concerns of political uncertainty in Germany. Chancellor Scholz dismissed the Finance Minister and called for a confidence vote on 15 Jan. Additionally, there are
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