Forex News

Unstoppable Gold: Breaking Barriers and Defifying Expectations Introduction Gold price (XAU/USD) remains on the defensive during the Asian session on Thursday amid a stronger US Dollar (USD), which continues to draw support from diminishing odds for a more aggressive policy easing by the Federal Reserve (Fed). The upbeat US ADP

Reviving the US Dollar: Economic Resilience Sparks Hope for Bullish Comeback – A Look at EUR/USD, USD/JPY, and AUD/USD Setups The Dollar’s Resilience The dramatic loosening in financial conditions in the United States may already be starting to bear fruit for the economy. This positive shift raises the question whether

USD/JPY Soars Over 200 Pips: Japan’s PM Sparks Excitement in the Forex Market! The Greenback’s Recovery On Wednesday, the USD/JPY pair experienced a significant surge, climbing over 200 pips. This rally came as a surprise to many forex traders, as the pair had been trading at daily lows of around

Unlikely to Break: NZD/USD Holds Strong Above 0.6250 Overview The New Zealand (NZD) could continue to weaken according to UOB Group FX analysts Quek Ser Leang and Lee Sue Ann. However, oversold conditions suggest a sustained break below 0.6250 is unlikely. In the longer run, downward momentum has increased slightly.

Gold Glitters as Investors Seek Safety: A Positive Outlook for Global Markets Introduction Gold (XAU/USD) edged lower on Wednesday to trade in the $2,650s per troy ounce as traders do some backing and filling after the over 1.0% rally on Tuesday. The instability in the Middle East was the main

Unlocking the Secrets of USD/JPY: A Technical Analysis Outlook from XM Research USDJPY: A Recap of October’s Lackluster Performance USDJPY had a lackluster beginning to October, with a neutral close around its 20-day EMA and previously a rejection near the 50% Fibonacci retracement of the 2023-2024 upleg at 144.50. Currently,

Silver Price Update: XAG/USD Stagnates Below Mid-$3100s, But Bullish Outlook Remains Strong Introduction Silver (XAG/USD) struggles to capitalize on the previous day’s positive move and oscillates in a narrow trading band, below mid-$31.00s during the Asian session on Wednesday. The white metal, meanwhile, remains close to the weekly low touched

Unlocking the Golden Potential: UBS Predicts Gold to Reach $2900 in Latest Forecast UBS gold forecasts from a note on rising conflict in the Middle East: According to a recent note by UBS, the end of 2024 forecast for gold is USD 2,750, with a projected increase to USD 2,900

USD/CAD Holds Steady Above 1.3500 as US Data Week Approaches: A Look Ahead The Current Situation The USD/CAD pair is currently trading in a tight range above the psychological support level of 1.3500 in Tuesday’s European session. The Loonie asset has turned sideways as investors eagerly wait for the release

Gold Bounces Back: Geopolitical Tensions Drive Recovery, But Powell Puts a Cap on Upside Gold Price Recovers Amid Geopolitical Turmoil On Tuesday, Gold (XAU/USD) saw a marginal recovery, trading in the $2,640s per troy ounce. This bounce back comes as the Israeli army initiated a ground invasion of Lebanon, escalating

Market Update: EUR/USD Stagnates Below Key Level Ahead of Economic Data Release The Current State of EUR/USD Pair The EUR/USD pair is currently experiencing a period of stagnation as it struggles to gain momentum after pulling back from its recent high of just above the 1.1200 mark. The pair is

EUR/USD: A Familiar Dance Before EU Inflation Data Release Introduction EUR/USD has been treading familiar territory as the new trading week kicks off. The currency pair has been holding steady north of the 1.1100 handle, but has struggled to make significant gains on the higher end. Traders are now awaiting

Breaking News: Bank of America Predicts EUR/USD to Reach 1.15 – What Does This Mean for Forex Traders? Description: Bank of America has recently announced that with the EUR/USD pair approaching their year-end target of 1.12, the pair’s potential for further upside is limited. This is due to market expectations

EUR/JPY on the Rise: Incoming Prime Minister Ishiba’s Dovish Comments Shake Up the Market The EUR/JPY pair trades over half a percent higher on Monday, in the 159.60s, after dovish comments from Japan’s new incoming Prime Minister, Shigeru Ishiba. His remarks have given the impression that he would steer monetary

Get Ready for a Potential Rise in NZD/USD: UOB Group Predicts a Break Above 0.6370! The New Zealand Dollar (NZD) could test the resistance at 0.6370 before the risk of a pullback increases; a sustained break above this level is unlikely. According to UOB Group FX analysts Quek Ser Leang

GBP/JPY Bounces Back: Climbs Over 100 Pips from One-Week Low, Nears 19100 Mark! The GBP/JPY cross attracts some dip-buyers in the vicinity of mid-189.00s, or a one-week low and for now, seems to have stalled its retracement slide from a nearly two-month peak touched on Friday. The GBP/JPY currency pair