Troubles Ahead for the GBP/USD: UK Fiscal and Inflation Concerns Cause Decline in Pound Sterling Price Introduction The GBP/USD remains subdued for the fourth successive day, trading around 1.2300 during the Asian session on Friday. The GBP/USD pair dropped to 1.2238 on Thursday, marking its lowest level since November 2023,
Silver Shines Bright: XAG/USD Holds Strong Above $30 Ahead of US Nonfarm Payrolls Silver Continues Its Rally Silver price (XAG/USD) continues its rally after registering little losses in the previous session, trading around $30.20 per troy ounce during the Asian hours on Friday. The precious metal has been gaining momentum
Exploring the Euro’s Journey: A Technical Analysis of EUR/USD as the USD Gains Momentum Description: EUR/USD is testing below the 1.0300 level as of this writing and there’s also a trendline of note sitting just below, which connects last week’s and this Wednesday’s swing-low as sellers have, so far, been
Navigating the Tightrope: A Look at the NZD/USD Price Forecast Near 0.5600 Introduction The NZD/USD pair has been on a rollercoaster ride lately, with the Kiwi Dollar struggling against a strong US Dollar. After hitting a more-than-two-year low of 0.5570, the pair has shown some signs of recovery but remains
GBP/JPY Rebounds from Multi-Week Low, But Still in the Red Just Above 19400 The GBP/JPY cross attracts some follow-through sellers for the third successive day on Thursday and drops to over a three-week low, around the 193.70-193.65 region during the first half of the European session. Despite recent setbacks, the
Gold Price Retreats from Four-Week High as Bears Show Hesitation – What’s Next for This Precious Metal? Gold price drifts lower as USD remains strong Gold price (XAU/USD) drifts lower during the Asian session on Thursday and moves away from a four-week top, around the $2,670 area touched the previous
Silver Shines Bright: XAG/USD Holds Steady Above $30 Amid Safe Haven Demand Rising Silver Prices The price of silver (XAG/USD) is on the rise, with the precious metal continuing its upward momentum. For the sixth consecutive day, silver is trading near $30.10 per troy ounce, reaching close to three-week highs
Unpacking the Latest USD/CAD Update: The Canadian Dollar’s Struggle Amid Political Uncertainty Introduction Despite the recovery shown by the Canadian dollar two sessions ago, the balance has now shifted 0.5% higher in favor of the U.S. dollar, keeping USD/CAD near levels not seen in the past four years. The imminent
Unleashing the Power of the British Pound: A Technical Analysis of GBP/USD and GBP/JPY Description: The USD freight train continues to chug along and at this point Cable is seeing some additional British Pound weakness, helping the pair to push down to fresh eight-month-lows. As of this writing, EUR/USD remains
Unpacking the EUR/USD Forecast: How Tariff Threats are Shaking Up the Market Introduction The EUR/USD exchange rate has been under pressure recently due to a variety of factors, including weakness in Eurozone data, instability in China, and the continued strength of the US dollar. However, the most recent drop in
Unlocking the Potential: USD/JPY Poised for Positive Movement, According to UOB Group Description: Scope for US Dollar (USD) to test 158.50; a breach above this level is not ruled out, but any further advance is highly unlikely to reach 159.00. In the longer run, USD is expected to trade with
USD/CAD Holds Steady at 1.4350 Ahead of FOMC Meeting Minutes: What to Expect Current Situation USD/CAD retraces its recent gains from the previous session, trading around 1.4350 during the European hours on Wednesday. The pair’s downside risks could be restrained as the US Dollar (USD) strengthens by a hawkish shift
NZD/USD: Holding Steady Near 0.5625, Eyes on FOMC Minutes for Momentum Boost The NZD/USD pair stalls the previous day’s retracement slide from a nearly three-week high The NZD/USD currency pair appears to be holding steady near the key level of 0.5625 after experiencing a retracement from a nearly three-week high.
Golden Opportunities: Traders Anticipate FOMC Minutes as Gold Price Holds Steady at $2,650 Mark Stabilizing Gold Price The gold price (XAU/USD) has managed to stabilize after pulling back from the $2,665 mark. Traders are choosing to stay on the sidelines in anticipation of the release of the FOMC Minutes during
EUR/USD: A Closer Look at the Pair’s Movement Under the 20-Day SMA, Retreating Towards 1.0370 Description: EUR/USD managed to climb towards the 1.0370-1.0390 area at the beginning of the year, continuing its fragile attempt to recover from recent losses. Despite this uptick, the pair has repeatedly struggled to decisively break
GBP/USD Retreats Below 1.2500: Pound Sterling Takes a Hit from Strong US Services PMI and JOLTS Data The Pound Sterling rose to a new four-day peak of 1.2575 on Tuesday after posting its biggest gain in the last three days. The Washington Post revealed that US President-elect Donald Trump’s advisers
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