AUD/USD Recovers Losses Ahead of Key Economic Data Releases An Overview of the Current Market Situation The AUD/USD has managed to regain some ground, trading around 0.6720 as investors await the release of important economic indicators. The Australian dollar has faced downward pressure in recent days, despite weaker-than-expected US data. The Reserve Bank of Australia’s…
Gold Price Tracking US Dollar Fluctuations Market Update: The gold price is closely mirroring the changes in the US Dollar on Wednesday. Despite the fluctuations, gold is holding steady in the $2,020s during midday trading. The price of gold has swung between a low of $2010.09 and a high of $2032.11 so far today. The…
The AUD/USD Pair Faces Selling Pressure Overview: The AUD/USD pair is experiencing heavy selling pressure on Wednesday, continuing the retracement slide from the recent high near the 0.6800 mark. Despite this, spot prices have managed to slightly recover from the daily low and are currently trading around the 0.6700 round figure during the early North…
The GBP/USD Pair: Riding High in the European Session What’s Happening? The GBP/USD pair is currently in a tight trading range in the early part of the European session. It is consolidating its recent gains and sitting at its highest level since June 2022, which it reached just the day before. The pair is hovering…
USDJPY Elliott Wave Update April 5th, 2023 The bulls’ initial attempt to lift USDJPY higher at the start of this week proved unsuccessful and the pair is now trading in negative territory. Is this a dip-buying opportunity or the beginning of a bigger selloff? Read in our latest Elliott Wave update. The USDJPY pair started…
Gold Price Struggles to Find Direction XAU/USD Shifts Above $2,020.00 The price of gold (XAU/USD) has been struggling to find any clear direction after shifting its auction above $2,020.00 in the Asian session. This lack of momentum has left investors wondering where the precious metal will go next. Sideways Performance Expected Experts believe that gold…
