GBP/JPY: Intraday Gains Surrendered, One-Week High Lost Below Mid-19700s The GBP/JPY cross attracts some intraday sellers Following an early move up to the 198.25 area, or a one-week top, the GBP/JPY cross retreats to the lower end of its daily range during the first half of the European session. Spot
Unlocking the Secrets of Gold: Positive Momentum Above 100-Day SMA, But Bullish Confidence Remains Uncertain Gold price (XAU/USD) edges higher during the Asian session on Tuesday and looks to build on the overnight bounce from the $2,615-2,614 area, though it lacks bullish conviction. Expectations that US President-elect Donald Trump’s proposed
As 2024 concludes, our U.S. economic review exhibits a pattern of gradual growth, with certain sectors facing challenges. The third quarter of 2024 saw a modest GDP increase of 0.8% quarter-over-quarter, translating to a 3.2% year-over-year rise. This growth is primarily attributed to consumer spending and business investments. (Economy) The
Goldman Sachs Slashes 2025 Gold Price Forecast: What This Means for Investors Goldman Sachs’ Revised Gold Price Forecast Goldman Sachs made headlines on Monday with the announcement that it is cutting its gold price forecasts. The investment bank no longer expects gold to reach $3000 by 2025. The decision was
GBP/USD Update: Pound Sterling Starts the Week on a Calm Note Introduction The GBP/USD pair is facing challenges as it tries to recover from Friday’s modest gains. Currently, the pair is fluctuating above the 1.2400 mark at the beginning of the week. Despite this, spot prices are dangerously close to
As the new year begins, economic activity is subdued, with limited data releases and market movements. The U.S. economy is performing exceptionally well and is expected to overcome challenges in the coming year, despite anticipated policy changes. In the housing sector, high mortgage rates and low affordability have led to
Rising Above: A Look at the NZD/USD Price Forecast Near 0.5600 The NZD/USD pair gains firm-footing near the round-level support of 0.5600 in Friday’s North American session. The Kiwi pair rebounds as the New Zealand Dollar (NZD) bounces back after reports that the People’s Bank of China (PBoC) will reduce
EUR/USD Starts 2025 with a Bearish Kick: A Look at the Fresh Downside Move Euro Suffers as USD Gains Strength EUR/USD took another leg lower to kick off the 2025 trading season, falling eight-tenths of one percent and tapping the 1.0250 level for the first time since November of 2022,
Uncovering the Latest EUR/USD Update: A Fresh Two-Year Low and the Next Big Level Down The Current State of EUR/USD EUR/USD bears are making a strong statement as we kick off the year 2025, as the currency pair has hit a fresh two-year low. Despite a higher low in December
Gold Continues to Shine: XAU/USD Holds Steady Above $2,600 as 2024 Comes to an End XAU/USD caught a bid on a quiet Tuesday, rising back into $2,625.00 per ounce after taking a quick technical bounce off the $2,600 handle at the start of the week. Markets have been trading within
Struggling AUD/USD Remains Stuck at Recent Lows – What’s Next for This Currency Pair? The Current Situation The AUD/USD pair has been facing significant challenges recently, with the Australian dollar struggling to gain momentum against the US dollar. On Monday, the currency pair churned, attempting to move higher but ultimately
Exploring the Future of the Canadian Dollar: A Look at the USDCAD Forecast for 2025 and the Impact of Trump’s Tariff Threats Introduction The USD/CAD pair is currently up by 8.66% on the year, which would be the largest yearly gain for the pair since 2015. Much of the recent
Uncovering the EUR/GBP Market: A Daily Outlook for Traders in 2034 Description: EUR/GBP failed to break through 0.8326 resistance and retreated, intraday bias stays neutral Introduction The EUR/GBP market has been a focal point for traders around the world, with its constant fluctuations and potential for profit. In 2034, the
The USD/JPY currency pair is poised for significant movements in 2025, influenced by various economic factors and policy decisions. Here’s an analysis of the potential scenarios: 1. Influence of U.S. Treasury Yields and Federal Reserve Policy 2. Bank of Japan’s Monetary Policy and Intervention Risks 3. Economic Divergence Between the
Navigating the Year-End Trading Frenzy: EUR/USD Finds Stability in a Quiet Market Understanding the Current Market Environment EUR/USD trades are lackluster recently, hovering slightly above 1.0400 amidst illiquid trading activity in the European session on Monday. The Euro (EUR) has experienced a significant decline of almost 5.5% against the US
Gold Glitters as Safe Haven Demand Rises Ahead of Trump’s Administration Introduction Gold price (XAU/USD) recovers its recent losses from the previous session, although trading volume is lighter on Monday than usual ahead of the New Year holiday. The safe-haven Gold gains upward support as markets anticipate signals regarding the
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