Forex News

Unlocking the Secrets of USD/JPY: A Currency Tale for October 31, 2024 Exploring the Intricacies of USD/JPY Last Friday, USDJPY made a significant move by testing the support zone of 151.40-50 before rebounding towards the target of 153.80. This movement has sparked interest among investors and traders alike as they

EUR/USD Maintains Momentum: Strong Eurozone GDP Boosts Euro Confidence EUR/USD holds up near 1.0850 in Thursday’s European session following Wednesday’s sharp recovery. The major currency pair, EUR/USD, has shown resilience in the face of recent market volatility, hovering around the 1.0850 mark in the European trading session. This comes on

GBP/JPY Retreats from Multi-Month High, Dips Below 153.00 Ahead of BOJ’s Ueda Speech The GBP/JPY cross drifts lower for the second straight day on Thursday and retreats further from over a three-month peak, around the 199.80 region touched the previous day Spot prices slide below the 198.00 mark after the

Gold Price Holds Strong Near Record Highs, Anticipation Builds for US PCE Price Index Gold Price Consolidation Gold price (XAU/USD) is seen oscillating in a narrow range during the Asian session on Thursday and consolidating its recent strong gains to a record high. The precious metal has been holding strong

Uncovering the Euro’s Future: A Look at EUR/USD Recovery and Upcoming Euro Area CPI Report The Rise of EUR/USD EUR/USD has been on the rise since the beginning of the week, with the Euro Area Gross Domestic Product (GDP) report revealing a larger-than-expected increase in the growth rate. This positive

Navigating the EUR/USD Forecast: Euro Bounces Back, But Uncertainty Looms with US Election and Data on the Horizon Introduction This morning’s surprisingly robust Eurozone GDP report has sparked a bit of a rebound in the EUR/USD and other euro crosses. The Euro has shown strength in the face of economic

Gold Holds Steady at Record Highs Amidst Uncertainty Ahead of US Presidential Election Introduction Gold price (XAU/USD) has stretched to fresh record highs on Wednesday, favored by a combination of higher demand for safe-haven assets amidst the US political uncertainty and retreating US Treasury yields. Investors are looking for safety

Breaking Down the AUD/USD Price Forecast: Climbing Towards the 0.6685 Area Amidst a Weakening USD and Anticipation for US Data Description: The AUD/USD pair stages a goodish intraday recovery from its lowest level since August 8, around the 0.6535 region touched earlier this Wednesday and for now, seems to have

Gold Glitters: A Technical Analysis of its Rally Before Major US Events Introduction Gold is trading higher again today, recording a new all-time high, following a very strong performance on Tuesday. This move could be attributed to the dollar being slightly on the back foot today, but, most likely, the

USD/CAD Holds Strong Near 8-Month High Above 1.3900 Mark The USD/CAD pair trades near its highest level since August 5, around the 1.3920-1.3925 region during the Asian session on Wednesday and seems poised to prolong its recent upward trajectory witnessed over the past month or so. Factors Influencing the Currency

Gold Soars to New Heights Amidst US Election Uncertainty and Global Tensions Overview Gold prices (XAU/USD) climbs to a fresh record high during the Asian session on Wednesday as uncertainties surrounding the US presidential election, and the Middle East conflict continue to boost demand for traditional safe-haven assets. Apart from

Currency Update: GBP/AUD Exchange Rate Strengthens as Chinese Economy Raises Concerns Introduction At the time of writing the GBP/AUD was trading at around AU$1.9742, up roughly 0.2% from Thursday’s opening rate. The Australian Dollar (AUD) struggled to catch bids on Tuesday and dipped against the majority of its peers as

EUR/USD Outlook in Jeopardy Odds of Trump Victory Rise Before Crucial Data Release The EUR/USD faces a very important next few days, with key data from both sides of the pond on tap, before the focus turns to US presidential election next week when the Fed also decides on monetary

USD/CAD: A Glimmer of Hope on the Horizon – Scotiabank Predicts a Slight Technical Boost The Canadian Dollar (CAD) is showing some signs of improvement The Canadian Dollar (CAD) has been marginally higher on the day so far. Slightly firmer risk appetite and a small rebound in crude oil prices

Breaking Down the AUD/USD: A Look at Recent Support and the Ongoing Impact of a Strong USD Introduction The AUD/USD pair has been experiencing downward pressure over the past few days, reaching its lowest level since August 8. This drop, towards the mid-0.6500s range during the European session, can be

Unlocking the Secrets of GBP/USD: A Technical Analysis of the 1.2900-1.3000 Range Exploring the Recent Movements of GBP/USD Last week, the GBP/USD pair took a bearish turn as it broke below a long-term ascending trendline. The market sentiment shifted towards the downside, leading to a decline in the pair’s value.