Forex News

Gold Price Holds Strong Above $2,600: Limited Upside Potential Ahead? Is Gold Losing its Shine? Gold price (XAU/USD) attracts some dip-buyers during the Asian session on Tuesday and stalls the overnight modest pullback from a three-day top, though any meaningful appreciating move seems elusive. The US Dollar (USD) stands firm

Get Ready for a Wild Ride: GBP/USD Poised to Plummet on Shortened Holiday Week Market Volatility Ahead as GBP/USD Waffles Near 1.2550 Level As we enter the holiday trading week, the GBP/USD pair is showing signs of instability, hovering near the 1.2550 level on Monday. The market sentiment appears to

The euro (EUR) is approaching parity with the U.S. dollar (USD), a situation where one euro equals one dollar. This development has significant implications for global markets, particularly in the realms of trade, inflation, and monetary policy. Factors Driving EUR/USD Towards Parity Implications of EUR/USD Parity Potential Market Reactions Conclusion

Silver Shines Bright: XAG/USD Continues to Rise Near $30 Despite Fed’s Stance on Rate Cuts Introduction The price of silver (XAG/USD) has been on an upward trend, reaching near $29.90 in Monday’s European session. This comes after a strong rebound on Friday from a more than three-month low of $28.75.

Uncovering the AUD/JPY Market: Traders Anticipate Central Bank Meeting Minutes at 9800 Level The Current State of the AUD/JPY Market AUD/JPY retraces its recent losses from the previous session, trading around 98.00 during the early European hours on Monday. However, the upside of the AUD/JPY cross could be restrained as

Golden Opportunities: Why the $2,600 Mark is Just the Beginning for Gold Prices Introduction Gold price (XAU/USD) struggles to capitalize on last week’s modest recovery from a one-month trough and oscillates in a range around the $2,625 region during the Asian session on Monday. The US Dollar (USD) bulls remain

USD/CAD Continues to Slide Near 1.4350 as Oil Prices Improve Introduction The USD/CAD currency pair is currently experiencing a downward trend, with the Canadian Dollar gaining strength against the US Dollar. This trend has been observed for the third consecutive trading session, with the pair hovering around 1.4360 during Asian

GBP/USD Rebounds Towards 1.2540: The Latest Updates on Pound Sterling’s Price Forecast Introduction The GBP/USD pair rebounded towards 1.2540 after the release of US inflation data and the Bank of England’s (BoE) monetary policy decision on Thursday. While the pair benefited from softer-than-expected US Personal Consumption Expenditure (PCE) data, the

GBP/USD on the Rise: US Inflation Data and BOE Decision Propel Pair Towards 1.2540 The GBP/USD pair rebounded towards 1.2540 after the release of US inflation data and the Bank of England’s (BoE) monetary policy decision on Thursday. US Inflation Data Impact The GBP/USD pair saw a boost after the

Exploring the AUD/USD: A Sideways Journey Above 0.6200 as US PCE Inflation Takes the Spotlight The Current State of the AUD/USD Pair The AUD/USD pair is currently trading inside Thursday’s trading range slightly above the two-year low of 0.6200 near 0.6230. Despite recent volatility, the pair is exhibiting a period

USD/JPY Forecast: Bulls Take a Break Before US PCE Price Index Release Introduction The USD/JPY pair retreated following an intraday uptick to the 158.00 neighborhood, marking a five-month peak. The pair continues to lose ground through the early European session on Friday, with investors looking past the Bank of Japan

Gold Price Remains Stable at $2,600: Is There Limited Room for Growth? The Current State of the Gold Market Gold price (XAU/USD) attracts some dip-buyers following the previous day’s good two-way price moves and climbs back to the $2,600 mark during the Asian session on Friday. Against the backdrop of

Unlocking the Potential: A Look at the Latest USD/JPY Forecast and Fed Breakout Description: The Japanese Yen is poised to mark a third consecutive weekly decline against the US Dollar with USD/JPY surging to fresh multi-month highs on the back of the Fed rate decision. The rally takes price into

GBP/USD Remains Steady Below Pre-Fed Levels Despite Bank of England’s Unchanged Bank Rate – A Market Update Description: GBP/USD struggles to retrace the decline following the Federal Reserve interest rate decision even as the Bank of England (BoE) keeps the Bank Rate at 4.75%, and the exchange rate continue to

Rising from the Depths: AUD/USD Rebounds Near 0.6200 as US Dollar Relinquishes Gains The Australian Dollar’s Road to Recovery The Australian Dollar (AUD) has had a tumultuous week in the forex markets, with the currency plummeting to multi-year lows near 0.6200 against the US Dollar (USD). This sharp decline was

Breaking Down the USD/CAD Price Forecast: A Shift Away from Multi-Year Highs and a Slip Below the 1.4400 Mark The USD/CAD pair extends its steady intraday retracement slide from the highest level since March 2020 and drops back closer to the 1.4400 mark during the first half of the European