Kiwi Dollar Fights to Extend Gains Above 0.6000 as US Economic Data Takes Center Stage The NZD/USD pair stages a modest recovery after touching a fresh weekly low earlier this Thursday The New Zealand Dollar (NZD) has been putting up a fight to extend its gains above the key level
Gold Price Bounces Back: A Silver Lining Amidst Middle East Tensions and Post-US CPI Downturn Introduction Gold price (XAU/USD) witnessed an intraday turnaround from the vicinity of the record peak and dropped over 1.5% intraday following the release of the US consumer inflation figures on Wednesday. The closely-watched US CPI
GBP/USD on the Rise: Subdued USD Demand Keeps Pair Below Mid-12700s Ahead of UK GDP Overview The GBP/USD pair has seen some dip-buying during the Asian session on Thursday, reversing a portion of the previous day’s retracement slide from the monthly peak following the US CPI data. Currently trading around
Breaking News: AUD/USD Skyrockets Following Impressive Employment Report! The Australian Job Market Soaring to New Heights The recent employment report coming out of Australia has brought some fantastic news for the economy. In July alone, a whopping 58,000 jobs were added, showcasing the country’s strong and growing job market. Despite
Unemployment Drops and GBP/EUR Exchange Rate Soars: A Promising Outlook for the UK Economy in 2024 Strong Performance for the UK Economy The Pound Euro (GBP/EUR) exchange rate showed positive signs on Tuesday as it traded at around €1.1861, marking a one-week high. This surge in the exchange rate came
Breaking News: USD/CNH Could Surge to 7.1300, According to UOB Group Introduction In recent financial news, the US Dollar (USD) is facing a potential surge against the Chinese Yuan (CNH). Analysts from UOB Group have predicted that the USD/CNH pair could reach the significant level of 7.1300. This forecast comes
Is the NZD/JPY Pair in Trouble? Experts Predict a Bearish Trend Below Key Fibonacci Level Amid RBNZ’s Dovish Stance Description: The NZD/JPY cross retreated around 150 pips from the 89.50 area, or a nearly two-week high touched earlier this Wednesday in reaction to the Reserve Bank of New Zealand’s (RBNZ)
Defending the 0.6000 Mark: NZD/USD Holds Steady after RBNZ-Inspired Losses, Awaits US CPI Report Intraday Turnaround The NZD/USD pair witnessed a dramatic intraday turnaround from a four-week high touched earlier this Wednesday after the Reserve Bank of New Zealand’s (RBNZ) surprise 25 basis points (bps) rate cut. Spot prices, however,
GBP/JPY Soars Near 18900 Despite Disappointing UK Inflation Report Introduction The GBP/JPY currency pair has been on a winning streak for the third consecutive session, reaching highs near 189.00 during the early European session on Wednesday. This surge comes in the face of a disappointing Consumer Price Index (CPI) report
Gold Price Struggles as Investors Brace for US CPI Data Release Description: Gold price (XAU/USD) ended in the red on Tuesday as bulls opted to take some profits off the table following the recent gains registered over the past three days and ahead of the key US inflation data. The
EUR/USD Soars as Greenback Weakens: A Look at the Latest Market Trends Description EUR/USD climbed on Tuesday, bolstered by a broad weakening of US Dollar bids after US Producer Price Index (PPI) inflation cooled faster than expected. Fiber traders still await pan-EU Gross Domestic Product (GDP) growth numbers slated for
USD/JPY: A Moment of Rest for the Currency Pair – Insights from Rabobank This week’s slew of US data releases and next week’s Jackson Hole event should leave the market better informed about the potential reaction functions of US policymakers, though our central view is that the Fed will lower
Get Ready for the Latest EUR/USD Forecast US PPI Takes the Spotlight Before CPI Following a Disappointing ZEW Survey! The EUR/USD edged lower on the back of sentiment data showing a sharp drop in investor optimism, although the losses were contained with investors awaiting the release of the first of
Gold Price Takes a Breather: Risk-On Sentiment and US Inflation Data in the Spotlight What Happened with Gold Price? Gold price (XAU/USD) rallied more than 1% on Monday amid safe-haven flows on the back of concerns about a wider conflict in the Middle East and Ukraine’s surprise offensive attack on
Unlocking the Secrets of Gold: CTA Positioning Stays Strong at Maximum Long Position Size – Insights from TDS Gold Trading Trends Gold has always been a coveted commodity, revered for its beauty, rarity, and historical significance. In recent times, the yellow metal has become a popular choice for investors looking
Silver’s Potential Rebound: A Technical Analysis Perspective Introduction Silver, like all commodities, experiences fluctuations in its market value. In the last three months, silver has been on a downturn. However, a closer look at the 4-hour time frame chart reveals an interesting pattern – a three-wave A-B-C drop. This pattern
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