Gold Price Forecast: Consolidation Above $2500/Oz – Will Bulls Prevail? Introduction Gold prices recently surpassed the $2500/oz level and are now aiming to consolidate above this psychological threshold. This movement has surprised many market participants, especially considering the initial reaction of the precious metal to the US CPI data earlier
NZD/USD Holds Strong Near One-Month High as USD Weakens Introduction The NZD/USD pair has been attracting some follow-through buying for the second straight day on Monday, climbing to over a one-month peak. This has been driven by sustained US Dollar (USD) selling, which has weakened the greenback. Current Situation Despite
USD/CAD Tumbles to Lowest Point in Over a Month Stabilizes Near Mid-13600s Amidst Struggling USD The USD/CAD pair has been facing a downward trend, extending last week’s breakdown momentum through the 50-day Simple Moving Average (SMA). This has led to the pair remaining under some selling pressure for the second
Unlocking the Secrets of the EUR/USD and USD/JPY: Why the US Dollar’s Downside is Capped at Jackson Hole Description: With little fresh information on the calendar to shift economic sentiment, it’s debatable how much near-term downside is left for the US dollar index (DXY) outside an unlikely extremely dovish tone
Unpacking the GBP/USD Forecast: All Eyes on Jackson Hole and PMIs The current state of major currency pairs As we head into the upcoming week, all eyes are on major currency pairs such as the GBP/USD, EUR/USD, and USD/JPY. These pairs could potentially experience a significant dollar-driven move in the
Unlocking the Potential of Gold: A Weekly Forecast with a Bullish Bias, But No Need to Rush Testing the Theory Geopolitical Developments and Technicals Look Set to Dominate Movements in the Gold Price Next Week As we look ahead to the upcoming week, all eyes are on the gold market
EUR/USD Continues to Climb Towards 1.1000 as US Dollar Struggles to Find Solid Ground The EUR/USD pair rebounds to near the psychological resistance of 1.1000 in Friday’s New York session. As the trading week comes to a close, the Euro continues to gain strength against the US Dollar, with the
Breaking News: EUR/USD Forecast Sees Major Shift, According to Commerzbank Description: Commerzbank’s economists have revised their Fed forecast downwards very significantly – by more than they are lowering their US inflation forecast. Also, they’re slightly lowering ECB interest rate expectations and significantly lowering their inflation forecast, Commerzbank’s Head of FX
Uncovering the Latest USD/JPY Analysis: The Yen Surpasses 149 Per Dollar! The Yen’s Weakening Against the U.S. Dollar Recently, there has been a significant shift in the value of the yen in relation to the U.S. dollar. Rumors have been circulating that the Bank of Japan is considering intervening in
Breaking News: AUD/JPY Soars Close to 9900 as RBA Governor Bullock Delivers Hawkish Speech AUD/JPY advances further for the second consecutive day, trading around 98.90 during the early European session on Friday. The Australian Dollar (AUD) gains ground against the Japanese Yen (JPY) due to improved risk sentiment following the
Riding High: AUD/USD Holds Steady Near 0.6640 Amidst US Dollar Decline and Strong Fed Rate Cut Speculation The AUD/USD pair holds onto gains near a three-week high of 0.6640 in Friday’s European session The Aussie asset exhibits strength as the US Dollar (USD) struggles to hold recovery from a fresh
Golden Opportunities: Geopolitical Tensions Ease and Fed Rate Cut Expectations Drop, Leaving Gold Price in a Consolidation Phase Introduction Gold price (XAU/USD) attracted some dip-buying near the $2,432 area on Thursday and climbed over 1.5% intraday amid the risk of widening conflict in the Middle East. The precious metal, however,
GBP/USD Bulls Set Their Sights on 1.2900 as Risk Appetite Bounces Back Market Recovery in GBP/USD Pair GBP/USD found the gas pedal on Thursday after a steeper-than-expected recovery in US Retail Sales pushed Cable back into the high end. Market sentiment rebounded on the day after fears of a possible
GBP/USD Forecast: Bulls Stand Strong at Yearly Open Support – A Look into the Future of the British Pound Description: The British Pound is poised to snap a four-week losing streak after plunging more than 2.9% off fresh yearly highs. The August opening-range is set just above a key pivot
Breaking Down the Latest USD/CAD Resistance: What You Need to Know According to Scotiabank The Current State of USD/CAD The Canadian Dollar (CAD) is little changed on the session but is holding its minor improvement against the US Dollar (USD) around the 1.37 point. Improved risk appetite and firmer stock
Unlocking the Potential: A Promising Recovery for NZD/USD – Technical Analysis Insights Description: Looking at the 4-hour time frame of the Kiwi with ticker NZDUSD, we can see a strong rebound after a completed final subwave “v” of C of (C), as Zealand beat jobs data. It seems like a
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