GBP/USD Continues to Tumble: Breaking Below 1.3150 Mark The GBP/USD extends its losing streak to three days The GBP/USD currency pair continues to face downward pressure, as it has now recorded losses for a third consecutive trading day. After hitting daily and weekly lows of 1.3129, the pair has slightly
Unlocking the Potential: Why AUD/USD May Be on the Rise with RBA’s Cautious Approach The Current Situation The AUD/USD pair is currently showing signs of potential resurgence as it trades near 0.6802, consolidating within a sideways range at its local peaks towards the end of August. The Australian dollar has
Get Ready for September: A Breakdown of USD/JPY Analysis on Forex.com The upcoming Fed rate cut and its impact on USD/JPY The Forex market is abuzz with anticipation as the long-awaited Fed rate cut for 2024 is nearing. Traders and analysts are keeping a close eye on upcoming employment indicators,
Unlocking the Secrets of USD/CAD: A Technical Analysis of its Rise from a 6-Month Low The Current Market Situation Currently, the market is trying to remain above the 1.3480 barricade with the technical oscillators suggesting more buying interest. The stochastic is pointing upwards following a bullish crossover within its %K
Breaking Down the EUR/GBP Drop: What to Expect from Eurozone HICP for August EUR/GBP Continues to Fall The EUR/GBP pair has been on a downward trend for the eighth straight session, with the exchange rate currently hovering around 0.8410 during the early European hours on Friday. This continuous decline can
EUR/USD Holds Steady Above 1.1050 as German Retail Sales and US PCE Data Await EUR/USD pair recovers lost ground The EUR/USD pair has managed to recover some lost ground, trading around 1.1080 and snapping a two-day losing streak during the early Asian session on Friday. This recovery comes as a
Unlocking the Golden Potential: XAU/USD Set to Reach New Heights Introduction As the global economy continues to face uncertainty and volatility, investors are turning to safe-haven assets like gold to protect their wealth. The recent fluctuations in the XAU/USD pair have sparked a renewed interest in the precious metal, with
Unlocking the Potential of the Australian Dollar: A Short-Term Analysis of AUD/USD Resistance (8/29/2024) The Australian Dollar’s Current Struggle The Australian Dollar (AUD) has been facing challenges in its attempt to achieve a fourth consecutive weekly rally against the US Dollar (USD). The AUD/USD pair has set its weekly opening
USD/CAD Bounces Back: Revised US Q2 GDP Boosts Recovery The USD/CAD pair recovers its entire intraday losses and attempts to reclaim the psychological resistance of 1.3500 in Thursday’s North American session. The Loonie asset bounces back strongly as the US Dollar (USD) extends its upside after the United States (US)
USD/JPY Takes a Breather Below 145.00 as US PCE Inflation Takes the Spotlight Description: The USD/JPY pair trades sideways below the crucial resistance of 145.00 in Thursday’s European session. The asset struggles for direction as investors await the United States (US) Personal Consumption Expenditure inflation (PCE) report for July, which
EUR/USD Takes a Dip Below 1.11 as Spain’s Low Inflation Fuels Speculation of ECB Rate Cut The Euro to US Dollar Exchange Rate Plummets EUR/USD faces a sharp sell-off, sliding below the round-level support of 1.100 in Thursday’s European session. The major currency pair extends its correction after some preliminary
Uncharted Territory: GBP/NZD Exchange Rate Plummets as UK Data Remains Elusive The Current Scenario The GBP/NZD exchange rate has experienced a significant decline in recent trading sessions due to a combination of factors. The New Zealand Dollar received a boost following higher-than-expected Australian inflation data, which in turn strengthened the
Shining Bright: Gold Prices Rise as Traders Anticipate US GDP Data The Gold price (XAU/USD) recovers some lost ground on Thursday after bouncing off the weekly lows in the sub-$2,500 region per ounce troy. The expectation of US interest rate cuts might lift the Gold demand as lower interest rates
Get Ahead of the Game: How US Jobless Claims Could Impact Fed Interest Rates – A EUR/USD Analysis Introduction Having navigated the most important corporate earnings report in history, or so at least that’s how Nvidia’s Q2 update has been portrayed in some circles, it’s now time for markets to
Breaking Down the GBP/USD: Pound Sterling Retreats Below 1.3220, Set for a Pullback Description: The Pound Sterling retreats from the multi-year highs it reached on Tuesday and registers losses of over 0.40% against the Greenback as traders brace for the release of US inflation data on Friday. The GBP/USD enjoyed
RBA Holds Steady: AUD/USD Holds Strong at 0.6800 Amidst Interest Rate Speculation Introduction The AUD/USD pair continues to hold strong near the key level of 0.6800 in today’s European trading session. This comes after the Australian dollar reached a seven-month high of 0.6813 following the release of a higher-than-expected Consumer
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