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
USD/CAD: Staying Strong Above 1.3900 as USD Gains Momentum Introduction The USD/CAD pair continues to attract buyers for the second successive day on Monday and maintains its steady intraday gains, hovering around the 1.3925 region during the first half of the European session. The spot prices are well-supported and are
USD/CAD Soars Past 1.3900 as Oil Prices Drop and Trump’s Tariffs Loom What is Happening in the Forex Market? The USD/CAD pair has been making significant gains recently, surpassing the 1.3900 mark. This surge in the value of the US Dollar against the Canadian Dollar can be attributed to a
Navigating Global Volatility: A Look at EUR/AUD and GBP/AUD Key Levels Introduction As the world continues to grapple with unprecedented global volatility, particularly surrounding major events such as the US election, Federal Reserve interest rate decisions, and China stimulus announcements, the currency market has experienced significant fluctuations. However, amidst the
Is Gold’s Reign Coming to an End? A Look into the Future of Gold Prices The Current State of Gold Gold bulls have put in a massive lift so far this year, with the bullish trend expanding as much as 40% from the February low up to the high two
USD/JPY Forecast: Major Trendline Pullback, But Uptrend Remains Strong Introduction USD/JPY has recently experienced a pullback to support from a major trendline for the long-term uptrend at about 152.55. Despite this correction, the pair is still in an uptrend on a short and medium-term basis. According to technical analysis principles,
Silver Slips: XAG/USD Continues to Drop as Traders Weigh the Impact of Trump’s Policies Understanding the Silver Price Movement The price of silver, represented by XAG/USD, has been on a downward trend lately following a brief recovery that hit a roadblock around $32.20. This decline comes as traders analyze the
Feeling the Effects: Gold Takes a Hit as Post-Election Turmoil Persists Description: Gold (XAU/USD) falls about half a percent to trade in the $2,680s on Friday, extending the short-term bearish mini trend it has been in since it rolled over on Halloween. The decline comes amid market expectations that President-elect
Breaking Down the AUD/USD Forecast: Rejection at 100-Day SMA Signals Potential for Further Declines Introduction The AUD/USD pair fails to capitalize on the previous day’s strong move-up to the 0.6700 neighborhood, or a two-week top and retreats from the vicinity of the 100-day Simple Moving Average (SMA) resistance. Spot prices
GBP/USD Update: Pound Sterling Slides as USD Sees a Boost in Demand Introduction The GBP/USD pair is facing challenges in maintaining its positive momentum as it struggles near the 100-day Simple Moving Average during the Asian trading session on Friday. With spot prices hovering around the 1.2965-1.2960 region, the Pound
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