EUR/USD Struggles Below 1.0900: A Look at the Weakening Euro and Strong US Dollar The EUR/USD pair drifts lower for the second straight day on Tuesday and drops to the 1.0890 area in the last hour, back closer to its lowest level since August 8 touched the previous day. Bearish
Riding the Bull: A Look at NZD/JPY Price Analysis and the Resistance Test Ahead Overview The NZD/JPY pair resumed its upward trajectory on Monday, gaining 0.15% to 91.25. Since early October, the pair has been trading in a narrow range, consolidating the gains from last month but the 20,100 and
EUR/USD Under Pressure: How the Fed Rate Cut Speculations are Impacting Trading By RoboForex Analytical Department Introduction EUR/USD has seen a slight downturn, correcting near the support level of 1.0905 as the market adjusts its expectations regarding the Federal Reserve’s monetary policy. The probability of a 25-basis-point rate cut by
Unlocking the Secrets of USD/JPY: A Technical Analysis of its New 3½ Month High An Overview of USD/JPY’s Recent Bullish Momentum The USD/JPY is currently making an attempt for steeper bullish actions, with the MACD and RSI indicators confirming the upside momentum. The pair has been rising steadily towards a
Trading Neighbor China Casts Shadow on AUD/USD: Decline in Outlook Causes Concern Introduction The Australian Dollar (AUD) has been facing some turbulence in the foreign exchange market, particularly against the US Dollar (USD). This recent decline in the AUD/USD pair can be attributed to China, one of Australia’s largest trading
EUR/USD Takes a Dip: Taiwan Tensions and ECB Meeting Looming The Current State of EUR/USD On Monday, EUR/USD was seen trading in the 1.0920s, slightly lower on the day. This dip can be attributed to the US Dollar’s rise in demand as investors seek safe-haven assets amidst growing geopolitical tensions.
Breaking Down the GBP/USD Forecast: Bears Take Control as 50-Day SMA is Breached The GBP/USD pair extends its sideways consolidative price move at the start of a new week and oscillates in a narrow trading band around mid-1.3000s through the first half of the European session. Exploring the Current Market
USD/CHF Soars Close to 0.8600 as Chances of Major Fed Rate Cut Diminish USD/CHF continues to gain ground USD/CHF continues to gain ground for the second day, trading around 0.8600 during the early European hours on Monday. The upside of the USD/CHF pair could be attributed to a solid US
Uncovering the Latest on Gold: USD Strength and Limited Downside Potential Gold price (XAU/USD) rallied over 1% on Friday and settled near the weekly top following the release of the US Producer Price Index (PPI), which pointed to a favorable inflation outlook and suggested that the Federal Reserve (Fed) will
ECB Rate Cut Bets Rise, But GBP/EUR Exchange Rate Remains Muted – What Does This Mean for You? The Euro’s Struggles and ECB Interest Rate Cut Bets The Euro (EUR) faced challenges in garnering investor attention on Thursday as it was weighed down by a surge in European Central Bank
From Mixed Data to Losses: AUD/USD Takes a Week-Ending Dip Introduction The Australian Dollar showed signs of recovery against the US Dollar on Friday following a release of mixed data. A key indicator on prices paid by producers suggested that inflation is on the decline, prompting expectations for the Federal
USD/CAD Takes a Breather: A Recap of the Latest PPI and Canadian Employment Data Intraday Movement The USD/CAD pair has been on a rollercoaster ride, with the US dollar gaining momentum against the Canadian dollar in recent days. However, the pair took a breather on Friday as it gave up
Gold Bounces Back to Familiar Territory Following Disappointing US Job Report Gold Recovers After Subpar US Jobs Data Gold (XAU/USD) has recovered to trade back in the $2,630s on Friday following a disappointing United States (US) jobs report. The subpar data has cemented expectations that the Federal Reserve (Fed) will
Uncovering the Golden Opportunities of Q4: A Special Report from XM Research Gold’s Outperformance and Protection Against Risk Events As we approach the final quarter of the year, all eyes are on gold as it continues to outperform other asset classes. Not only has gold added another impressive 14% to
Shining Bright: Gold Price Bounces Back, Surpassing $2,640 After Dipping to Multi-Week Low The Rise and Fall of Gold Prices Gold prices (XAU/USD) have been on a rollercoaster ride lately, with the precious metal dipping to a multi-week low of below $2,600 before bouncing back and surpassing $2,640. The fluctuations
From Inflation to Jobs: AUD/USD on the Rise Ahead of PPI Report Description: The Australian Dollar snaps five straight days of losses and climbs over 0.35% as data showed that inflation in the United States (US) was higher than foreseen, but a soft jobs report tempered the Greenback’s advance. At
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