Forex News

Golden Opportunities: Bullish Potential Remains Strong as Gold Price Hovers Below $2,500 Mark Introduction Gold price (XAU/USD) witnessed an intraday turnaround from the vicinity of the all-time peak and dropped back below the $2,500 psychological mark following the release of the key US monthly employment details on Friday. The mixed

Unlocking the Potential: A Look at the AUD/USD Forecast for the Week of September 6th on Forex.com NFP data was mixed on Friday, with the 142k jobs added and unemployment falling to 4.2% (from 4.3%) beating expectation yet average hourly earnings rose 0.4% to show that inflationary pressures remain in

US Dollar Forecast: USD/JPY Sets Sights on August Low as NFP Report Falls Short – 09/06/2024 Description: USD/JPY seems to be on track to test the August low (141.69) following the weaker-than-expected US Non-Farm Payrolls (NFP) report as it trades to a fresh weekly low (141.77). However, the exchange rate

Breaking News: EUR/USD Continues to Rise, Reaching New Lows in the 1.11 Range – Expert Analysis from Scotiabank Description: Significantly weaker than expected French and German Industrial Production data for July will lift concerns about the lack of momentum in the Eurozone economy but the data barely had an impact

USD/JPY Bounces Back: Support at 142.00 Holds Strong Before NFP Release The USD/JPY pair remains under some selling pressure for the fourth straight day and drops to over a one-month low, around the 142.00 round-figure mark on Friday. Spot prices, however, trim a part of intraday losses and climb back

Unlocking the Secrets of AUD/USD: A Technical Analysis Tale of Bouncing Back from 0.6700 Introduction Recently, the AUD/USD pair has experienced a reversal to the upside after bouncing off the key support level of 0.6700. This significant move was met with a strong barrier from the weekly descending trend line,

Breaking Down the AUD/JPY: The BOJ’s Hawkish Sentiment Pushes the Pair Below 96.50 Introduction The AUD/JPY pair is currently retracing its recent gains from the previous session, trading around 96.30 during the Asian hours on Friday. The Japanese Yen (JPY) is edging higher against the Australian Dollar (AUD) as rising

Gold Price Bulls Tread Carefully Near Key $2,525 Resistance Ahead of US Jobs Report Introduction Gold price (XAU/USD) climbed closer to the $2,524-2,525 supply zone on Thursday amid some follow-through US Dollar (USD) selling, led by bets for a larger interest rate cut by the Federal Reserve (Fed) later this

EUR/USD Continues to Rise Against Unsteady US Dollar: A Market Update Description EUR/USD stepped into a second straight day of gains on Thursday, recapturing the 1.1100 handle as markets broadly sell off the Greenback in advance of Friday’s hotly-anticipated US Nonfarm Payrolls (NFP) jobs report. Markets are looking for further

Unlocking the Secrets of NZD/USD: A Trader’s Guide to Navigating the Sideways Market with Bullish Momentum The NZD/USD continues consolidating around 0.6225 with bulls taking a breather but seeming to be gathering strength before their next upwards leg. Bears made a stride at the beginning of the week pushing the

Unleashing the Potential: A Look into the Future of GBP/USD – September 5th, 2024 GBPUSD Technical Analysis – September 5th, 2024 Current Market Situation GBPUSD fell below the support of 1.3170 and prices now face a second support at 1.3050-70. The market could hold this trading zone between support 1.3050-70

Unlocking the Secrets of EUR/USD: A Neutral Outlook Before US Employment Data The Current State of EUR/USD The EUR/USD pair remained stable around 1.1077 on Thursday morning, following steady growth in the previous session but still confined within a sideways channel. Investors are holding back and conserving their energy in

EUR/USD on the Rise: Weak Job Openings Fuel Speculation of Large Fed Rate Cut EUR/USD Holds Steady Below 1.1100 Resistance Level In Thursday’s European session, the EUR/USD currency pair continues to hold onto its gains from the previous day’s recovery, remaining just below the key resistance level of 1.1100. This

Gold Price Holds Steady Below $2,500 as Traders Anticipate Key US Labor Market Updates Gold price (XAU/USD) struggles to capitalize on the overnight bounce from the $2,472-2,471 area or a nearly two-week low and oscillates in a narrow trading band during the Asian session on Thursday. The downside, however, remains

Uncovering the Secrets of the Japanese Yen: USD/JPY Nears 9-Month Low at 144 – What’s Next? Introduction For experienced FX traders, the relationship between global stock indices and the Japanese yen is a familiar one. In times of market turmoil, the Japanese yen tends to strengthen as investors flock to

GBP/USD Soars as US Economic Data Sparks Rate Cut Speculation – A Must-Read Forecast! The Pound Sterling Enjoys a Rebound After hitting a weekly low of 1.3087, the Pound Sterling has experienced a significant rebound. In early trading on Wednesday during the North American session, the GBP/USD pair has climbed