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
Golden Opportunity: USD Weakness Sparks Tame Bounce for Gold Introduction Gold (XAU/USD) has experienced a half-baked recovery, reaching the $2,740s range on Monday. This uptick is attributed to the weakening US Dollar (USD), as Gold is primarily priced and traded in USD. The recent rise in Gold prices can also
Breaking Down the EUR/USD Resistance: What You Need to Know According to UOB Group EUR Expected to Trade Sideways The Euro (EUR) is currently in a state of flux, with analysts from UOB Group predicting that it will likely trade sideways in the near future. Specifically, the EUR is expected
USD/CAD Tumbles Close to 1.3900 as Crude Oil Prices Rise and US Election Takes Center Stage Overview of USD/CAD Movement The USD/CAD pair has been experiencing a downward trend, with the pair nearing the 1.3900 level during the Asian trading hours on Monday. This decline in the value of the
Market Update: Traders Shift to Bearish Yen, Reduce Risk on AUD/USD and Gold – COT Report Reveals Insights – November 4, 2024 Understanding the Latest Market Trends Introduction As we approach the end of 2024, it’s crucial for traders and investors to stay informed about the latest market trends and
Silver Shines: XAG/USD Sees Uptick, But US NFP Report Looms Ahead Introduction Silver price (XAG/USD) adds little gains in European trading hours on Friday after plunging to near $32.50 on Thursday. The white metal faced sharp selling pressure after the release of the United States (US) Initial Jobless Claims data
Breaking Down the USD/JPY Pair: Will it Break Through the Crucial Support Level of 151.05? Insights from UOB Group The US Dollar (USD) could drop further, but it does seem to have enough momentum to threaten the major support at 151.05. In the longer run, USD advance from early last
EUR/USD Takes a Dip as Traders Await US Nonfarm Payrolls Data The Slump in EUR/USD EUR/USD has taken a dip, slipping from a fresh two-week high near 1.0890 in European trading hours on Friday. The decline in this major currency pair comes as the US Dollar (USD) bounces back, with
Unlocking the Secrets of EUR/USD: How Oversold Conditions and a Narrowing Yield Gap are Fueling a Rapid Rebound Description: A gradual improvement in euro area economic data has helped close the yawning yield gap with the United States, combining with oversold conditions on the daily timeframe to deliver a meaningful
USD/JPY Forecast: US Dollar Holds Strong Despite Minor Softening Key Economic Indicators Recent economic data has shown a positive outlook for the US dollar, with key measures of inflation and consumer spending exceeding expectations. This data, coupled with the rising probability of a dollar-positive outcome in the upcoming elections, has
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