GBP/USD Update: Pound Sterling Faces Resistance as Fresh Supply Emerges Description: The GBP/USD pair attracts fresh sellers following the previous day’s good two-way price move and slides closer to mid-1.2900s during the Asian session on Tuesday. Spot prices, however, hold above the lowest level since August 16 touched last week
EUR/JPY: Finding Stability at 165.50 After a Retreat from Three-Month Peaks Overview EUR/JPY is currently trading around 165.50 during the Asian trading hours on Tuesday, after hitting a three-month high of 166.07 on Monday. The Japanese Yen (JPY) has been facing downward pressure amidst uncertainty surrounding the rate-hike plans of
Kiwi Dollar Struggles to Break 0.6000 Mark Amidst Dovish Sentiment from RBNZ Overview The NZD/USD pair steadies near 0.5980 during the Asian session on Tuesday after two days of losses. However, downside risks for the New Zealand Dollar (NZD) remain as the Reserve Bank of New Zealand (RBNZ) is expected
Gold Takes a Dip as US Treasury Yields Rise: What to Expect from Crucial US Data Description: Gold traded slightly below its opening price at the beginning of the week and is down by 0.15%, weighed down by rising US Treasury yields. Market players prepare for a busy economic docket
Navigating the EUR/USD: How Global Economic Uncertainty and a Strong US Dollar are Impacting Trading Strategies Introduction As the global economy continues to face uncertainty and the US dollar remains strong, traders are having to adjust their strategies when navigating the EUR/USD pair. This week, the pair opened around 1.0789,
Get Ready for a Major Market Shift: EUR/USD on the Rise Ahead of Key Economic Data for Eurozone and US EUR/USD rises slightly above 1.0800 in European trading hours on Monday. The major currency pair broadly remains sideways ahead of a data-packed week in which traders will get economic growth
EUR/USD Takes a Hit: Global Economic Uncertainty and a Mighty US Dollar to Blame Introduction The EUR/USD pair started the week off on a rocky note, opening around 1.0789 as a result of increased global economic uncertainties. This has led to a shift towards safe-haven assets, with investors seeking refuge
EUR/JPY Bulls Anticipate Break Above 166.00 as 200-Day SMA Breakout Looms Amid Strong JPY Downtrend The EUR/JPY Cross and its Current Market Position The EUR/JPY cross has started the week with a modest bullish gap on Monday. During the Asian session, it touched a three-month high, reaching beyond the 166.00
Gold Struggles to Break $2,750 Barrier Amidst Stronger USD and Rising US Bond Yields Overview Gold price (XAU/USD) fails to capitalize on Friday’s late rise back closer to the $2,750 area and opens with a modest bearish gap at the start of a new week. The US Dollar (USD) buying
GBP/USD Struggles as USD Strength Keeps it Below 100-Day SMA, But Holds Steady Above Mid-12900s The struggle of GBP/USD pair amidst USD strength The GBP/USD pair is facing challenges as it begins the new week on a softer note, hovering around the 1.2960-1.2955 region. This places it just below the
USD/JPY Reaches New Heights: A July 31st Comeback Story Overview The USD/JPY pair has seen a significant surge in value, reaching highs circa 153.30 (EBS) on July 31st. This spike comes after the Japanese election, where Japan’s ruling coalition lost its majority, resulting in a lower yen to open the
EUR/USD Struggles to Maintain 108 Mark: A Friday Recap Introduction EUR/USD trimmed a near-term rebound on Friday, slamming the door on a clean bullish recovery and keeping bids trapped near the 1.0800 handle to round out the trading week. Fiber shed another half of a percent from Monday’s opening bids,
Silver Shines Bright: XAG/USD Bounces Back After US Durable Goods Orders Release Introduction The price of silver (XAG/USD) has seen a resurgence in value after a period of intraday losses, as buying interest was discovered near the key support level of $33.00 during Friday’s New York session. This rebound in
Gold Stays Steady: Safe-Haven Demand Keeps Precious Metal Afloat Stay Grounded with Gold Gold (XAU/USD) remains stable within a narrow range this week, with prices hovering around the $2,720 mark on Friday. The precious metal continues to be buoyed by safe-haven demand, fueled by escalating geopolitical tensions around the globe.
Will September Bring Back the Bullish Vibes for AUD/USD? A Technical Analysis by XM AUDUSD tests support area near 200-day SMA Short-term bias remains on the negative side AUDUSD has been on a downward slide again, marking its fourth consecutive week in the red. It recently dipped to a two-month
GBP/USD Update: Pound Sterling Makes a Comeback, Gaining 0.4% in Latest Forecast Recovery for Pound Sterling GBP/USD recovered some much-needed ground on Thursday, climbing 0.4% as Cable bidders grapple with keeping price action north of the 1.2900 handle. UK Purchasing Managers Index (PMI) figures broadly missed the mark early Thursday,
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