Gold Soars to New Heights: Surpasses $2,700 Mark in Record-Breaking Climb! Introduction Gold price (XAU/USD) climbs above the $2,700 mark, hitting a fresh record high on Friday amid the expected interest rate cuts by major central banks and easing monetary policy environment. Moreover, persistent geopolitical risks stemming from the ongoing
Breaking Down the EUR/AUD: How the ECB Rate Cut and Aussie Employment Data are Impacting the Market Economic Turmoil in the EUR/AUD Market The EUR/AUD pair experienced a significant drop on Thursday, with the exchange rate falling by almost three-quarters of a percent to the 1.6180s. This sudden movement came
Unstoppable Gold: Breaking Barriers as Global Interest Rates Decline Gold Hits New Record High Gold (XAU/USD) has reached a new record high on Thursday, surpassing the previous all-time high set on September 26. The price of gold is now at $2,685, fueled by a combination of factors including declining global
USD/CHF Takes a Breather from Recent Highs, Stalls Near Mid-08600s Ahead of US Data Release Introduction The USD/CHF pair has taken a breather from its recent highs, stalling near the mid-0.8600s. This comes ahead of a key US data release, which could potentially impact the direction of the currency pair
Say Goodbye to High Prices: UK Inflation Cools and GBP/EUR Exchange Rate Slumps on October 17, 2024 The Pound (GBP) Takes a Hit On Wednesday, the Pound (GBP) plunged as a result of a cooler-than-forecast UK CPI reading. This unexpected drop in headline inflation has fueled speculation of potential further
GBP/USD Update: Pound Sterling Takes a Breather After UK CPI Drop Market Analysis The GBP/USD pair is currently trading below the 1.3000 psychological mark in the Asian session on Thursday. The pair is near its lowest level since August 20, reached the previous day. The decline in the Pound Sterling
Breaking News: Aussie Skyrockets as RBA Rate Cut Fears Subside in Anticipation of Strong Jobs Report Description: Australia recorded another monster increase in employment for September, putting another nail in the coffin for Reserve Bank of Australia rate cuts this year. However, like the New Zealand CPI report on Wednesday,
GBP/USD Forecast: BOE Gives Inflation Thumbs Up as US Election Looms The Current State of GBP/USD With the US dollar gaining momentum, the short-term outlook for GBP/USD remains uncertain. The Bank of England has given a positive outlook on inflation which has helped support the pound, however, the looming US
GBP/USD: Sterling Takes a Dovish Turn What’s Next for the Pound? The Pound Sterling (GBP) falls vertically below the psychological support of 1.3000 against the US Dollar (USD) in Wednesday’s London session. The US Dollar stays afloat near a more than two-month high as traders have priced in moderate interest
Gold Soars Towards All-Time High: A Record-Breaking Rally! The Rise of Gold Prices Gold (XAU/USD) has been on a remarkable journey in recent days, soaring towards an all-time high of over $2,680. The precious metal has extended its recovery following market jitters caused by a dip in US manufacturing data.
GBP/JPY Struggles to Recover from UK CPI Drop, But Remains in the Red Above 19400 Introduction The GBP/JPY cross has seen heavy selling pressure in the aftermath of the release of the UK consumer inflation figures on Wednesday. This has caused the pair to retreat from a two-week high reached
EUR/USD Struggles to Break 1.09, Potential for More Losses Ahead as ECB Decision Approaches Description: EUR/USD holds its position after a four-day losing streak, trading around 1.0890 during the Asian session on Wednesday. The Euro may face downward pressure as the European Central Bank (ECB) is widely anticipated to implement
Gold Prices Hold Steady Near All-Time High, But Market Sentiment Remains Uncertain Amid Conflicting Signals Overview Gold price (XAU/USD) edges higher for the second straight day on Wednesday – also marking the fourth day of a positive move in the previous five – and touches a one-and-half-week high, around the
Navigating the Ups and Downs: USD/JPY Struggles Against Geopolitical and Economic Challenges By RoboForex Analytical Department USD/JPY has been facing significant challenges in trying to surpass the resistance level at 149.55. Despite multiple attempts over the last five trading sessions, the pair has failed to break through. The Japanese yen
GBP/USD Technical Analysis: Holding Strong Near September’s Support Zone After Mixed Jobs Data Description: GBPUSD stays directionless near September’s base. Technical signals cannot warrant an upside reversal. GBPUSD faced mild selling pressure but held its footing above September’s floor of 1.3000-1.3040 after the UK employment survey showed better-than-expected jobs data
Kiwi Struggles Against Greenback: NZD/USD Stays Below 0.6100 Amidst Growing Risk Aversion Overview of NZD/USD Situation The New Zealand Dollar (NZD) has been facing challenges in its recent trading against the US Dollar (USD), with the NZD/USD pair struggling to stay above the 0.6100 mark. After a three-day winning streak,
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