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
Golden Opportunities: How the US Election and Low Treasury Yields are Boosting Gold Prices Introduction As Americans anxiously cast their votes in one of the closest presidential elections in recent history, the price of gold has been on the rise. The uncertainty surrounding the outcome of the election, combined with
Unleashing the Potential: A Look into the Future of GBP/USD – November 5th, 2024 Exploring the Current Market Trends As we advised last week and as we see over our previous chart GBPUSD managed to head for farther drop movement while market still facing trend support around 1.2800-20 zone. This
EUR/USD Finds Stability as US Presidential Election Unfolds: A Trader’s Take Introduction As the world eagerly awaits the outcome of the highly anticipated US presidential election, the EUR/USD remains steady at around 1.0878. Traders and investors are on the edge of their seats, closely monitoring the developments and preparing for
Stuck in a Range: EUR/GBP Struggles to Find Intraday Momentum Below 0.8400 Mark The EUR/GBP cross struggles to gain any meaningful traction and oscillates in a narrow trading band below the 0.8400 round-figure mark through the first half of the European session on Tuesday. Investors seem reluctant to place aggressive
From RBA to the Top: AUD/NZD Holds Steady with Modest Gains Near 1-Week High at 1.1030 Area Description: The AUD/NZD cross reverses an Asian session dip to the 1.0990 region and rallies to a one-week top on Tuesday in reaction to the upbeat Chinese data. Spot prices stick to modest
Gold Takes a Dip: Limited Downside Amidst US Political Uncertainty Gold price (XAU/USD) attracts fresh sellers during the Asian session on Tuesday and drops to over a one-week low, around the $2,725-2,724 region, though the downside seems cushioned. The uncertainty surrounding the closely contested US presidential election, along with the
Gold Prices May Take a Hit After US Election, According to Citi Wall Street Journal conveys information from analysts at Citi How will this affect you? If you are an investor in gold or someone looking to invest in gold, the information provided by analysts at Citi may impact your
Market Update: AUD/USD Rebounds as RBA Meeting Approaches, USD/JPY Finds Support at Key Moving Average – Asian Session Recap (11/05/2024) Description: The RBA are extremely unlikely to change their cash rate today, given quarterly CPI and PPI data was above expectations last week. Besides, their statement retained their slight hawkish
Could a Trump Presidency in 2024 Lead to Euro-Dollar Parity? Exploring the Potential Impact on Global Markets The Potential Impact of a Trump Presidency on the Euro-Dollar Exchange Rate With the US presidential election approaching, market analysts are closely eyeing the potential impact of a Trump win on the euro-dollar
Expert Analysis: USD/JPY Set to Decline – Insights from UOB Group The US Dollar (USD) could trade with a downward bias According to the latest analysis from UOB Group, the USD/JPY currency pair is set to decline in the near future. The group’s FX analysts, Quek Ser Leang and Lee
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