AUD/USD Pre-Event Inaction Around 0.6715-20 Waiting for RBA’s Interest Rate Decision Market Overview: AUD/USD portrays the typical pre-event inaction around 0.6715-20 during early Tuesday morning in Asia as the Aussie traders await the Reserve Bank of Australia’s (RBA) Interest Rate Decision with mixed feelings. That said, the presence of China Caixn Manufacturing for July and…
Feeling the Ups and Downs of the AUD/USD Pair Keep up with the latest trends in the Forex market Have you been keeping an eye on the AUD/USD pair lately? If so, you may have noticed some interesting movements in the late European session. The pair has been pushing past the resistance level of 0.6200,…
The Rollercoaster Ride of Gold Prices Feeling the Pressure Gold price (XAU/USD) action is correcting on Monday after sensing resistance above $1,960.00. The robust performance of the United States in the April-June quarter reinforces the need for more interest-rate hikes from the Federal Reserve (Fed). The precious metal is under pressure as the US Dollar…
AUD/USD Begins the Key Week Without Surprises Overview The Australian Dollar to US Dollar (AUD/USD) currency pair has started the week without any surprises, hovering around the 0.6650 mark. This comes after a two-week decline, leaving the Aussie at its lowest levels in three weeks. Market participants are eagerly awaiting two major events this week…
The Pound Sterling (GBP) Recovers in Spite of Negative Market Sentiment UK Struggles in Aggressively Restrictive Monetary Policy Environment It’s been a rollercoaster ride for the Pound Sterling (GBP) recently, as it battles against a backdrop of negative market sentiment and concerns about the UK economy. However, despite the challenges, the GBP has managed to…
Silver Price Remains Volatile Amidst Uncertain Market Conditions XAG/USD holds steady above $24.00 as investors await Federal Reserve’s Monetary Policy Decision The silver price (XAG/USD) has been experiencing a topsy-turvy ride in the New York session, with the white metal struggling to find a clear direction amidst uncertain market conditions. The crucial support level of…
The NZD/USD Pair: Analyzing Recent Trends Introduction The NZD/USD pair has been experiencing significant volatility in recent trading sessions, with a notable sell-off in the European session. However, the pair has found strong buying interest near the 0.6120 level, leading to a V-shape recovery. This price action can be attributed to the US Dollar coming…
Emotions Flare as AUD/USD Pair Declines Struggling to Stay Afloat The AUD/USD pair is facing heavy selling pressure as it continues its downward trajectory for the third consecutive day. The pair’s sharp retracement slide from the 0.6820 region has left traders feeling anxious and uncertain about the future. The ongoing decline has dragged spot prices…
