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
Breaking Down the USD/JPY: FOMC Cuts Rates by 25 bps, What Does it Mean? Understanding the Impact of FOMC’s Decision The USD/JPY roiled just north of the 153.00 handle on Thursday as investors grapple to find something motivational after the Federal Reserve (Fed) widely met market expectations and delivered a
Breaking News: US Dollar Skyrockets Against Pound Sterling as Trump’s Trade Deals Dominate – GBP/USD Drops Below 1.29! The Current Currency Market After a short-lived correction, the dollar has secured renewed gains in global markets with the currency index hitting 4-month highs. This surge comes amid the Trump victory and
EUR/JPY: Stuck in a Slump Near 165.70, But Bulls Hold the Reigns Above 200-Day SMA The Current Situation The EUR/JPY cross is facing challenges as it struggles to capitalize on the previous day’s bounce from levels just below the 165.00 psychological mark. Fresh sellers have emerged on Thursday, keeping spot
Uncovering the Truth: GBP/USD’s Six-Week Slump According to Technical Analysis on XM Research Introduction GBP/USD took a sharp dive to a two-month low of 1.2833 on Tuesday as the return of Trumponomics gave fresh impetus to the greenback. On Wednesday, the 50% Fibonacci retracement level of the April-September rally came
GBP/JPY Stagnates Above 19900: Anticipating a Boost from BOE Introduction The GBP/JPY cross recently retreated a few pips after reaching a one-week high, around the 199.55 region during the Asian session on Thursday. However, it has not seen significant follow-through selling. Currently, spot prices are trading just above the 199.00
Breaking News: PBOC to Set USD/CNY Reference Rate at 7.1679 – What Does This Mean for the Forex Market? Description The People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of
EUR/USD Takes a Tumble on Wednesday as Greenback Surges Post-Election The Midweek Market Session During the midweek market session, EUR/USD plummeted, falling over 1.75% into the red. The pair tumbled back below 1.0750 for the first time since July, catching many traders off guard. The sudden shift in market sentiment
Uncovering the Truth Behind NZD/USD’s Recent Drop: A Technical Analysis Introduction On Wednesday, the NZD/USD pair declined sharply by 1% to 0.5945, reflecting the strengthening US dollar across the board. This weakness suggests a shift in sentiment, as the New Zealand dollar has been unable to regain the key 20-day
From Gold to Risk: How Trump’s Final Stretch is Shaking Up the Market Description: Gold (XAU/USD) trades down by half a percent in the $2,720s on Wednesday due to the US Dollar (USD) strengthening after current results from the US presidential election show Republican nominee Donald Trump on 267 electoral
Breaking News: AUD/USD Bounces Back from Record Low, Finds Strong Support Near 0.6500 Level Description: The AUD/USD pair trims a part of heavy intraday losses and recovers around 70-75 pips from the vicinity of the 0.6500 psychological mark, or its lowest level since August 8 touched earlier this Wednesday. Spot
EUR/JPY Stays Calm at 165.50 After BOJ Meeting: Eurozone PMI in Sight Introduction EUR/JPY is currently holding steady near 165.50 as the Asian trading session unfolds on Wednesday. This stability comes in the wake of the Bank of Japan’s (BOJ) recent meeting, where the Japanese Yen (JPY) received a boost
Gold Prices Struggle to Keep Up as USD and Bond Yields Soar on Trump’s Optimism The Current State of Gold Prices Gold price (XAU/USD) struggles to capitalize on the previous day’s bounce from the $2,725-2,724 area, or a one-and-a-half week low and seesaws between tepid gains/minor losses during the Asian
GBP/USD Bounces Back Above 1.30 as US Election Season Heats Up Market Volatility on the Rise GBP/USD found the gas pedal on Tuesday, ramping up another two-thirds of a percent and clawing back above the 1.3000 handle as markets brace for what is likely to be a messy outcome from
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