Gold Prices Holding Steady Amid Uncertain Economic Climate The Current State of the Gold Market Gold prices (XAU/USD) have been on the rise for the past three weeks, reaching levels not seen since early June. As of early Thursday morning in Asia, gold is trading around $1,980 as investors eagerly await new information that could…
AUD/USD Continues Decline for Fourth Consecutive Day Ahead of Australian Jobs Report Description The AUD/USD currency pair has continued its downward trend for the fourth consecutive day. This decline has been driven by the pair’s struggle to break above the 0.6900 resistance level, leading to a correction in the market. Sellers are now targeting a…
USD/JPY Buyers Celebrate Risk-On Mood Renewal of Weekly Top Around 139.50 Wednesday’s European Session Sees US Dollar Rebound During the early hours of Wednesday’s European session, USD/JPY buyers are feeling optimistic as they cheer the risk-on mood and the US Dollar’s rebound. The currency pair has renewed its weekly top around 139.50, indicating a bullish…
A Little Boost for the Aussie Pair Feeling optimistic Well, well, well. It looks like the AUD/USD pair is on the move again, edging higher past the 0.6800 mark and inching closer to 0.6815 during the early hours of Wednesday’s Asian session. What’s spurring on this upward trend, you ask? Market players seem to be…
AUD/JPY Holding Steady as Key Economic Data is Awaited Current Situation The AUD/JPY currency pair is showing little movement as the Asian trading session kicks off on Wednesday. Market participants are eagerly awaiting the release of the Westpac Leading Index in Australia and the Reuters Tankan Index for July in Japan. At the time of…
Traders Bullish on British Pound Amid BoE Expectations The Current Market Sentiment Traders are heavily bullish on the British pound, with net long positions exceeding a whopping $4.7 billion as of July 11, the highest level since mid-2014. This surge in bullish sentiment comes as traders ramp up their expectations for the Bank of England…
Gold Price Soars as BRICS Discuss Introducing Gold-Backed Currency Auction in Inventory Adjustment Phase The gold price (XAU/USD) is currently demonstrating auction in an inventory adjustment phase after reaching a near three-week high of around $1,960.00 on Tuesday. This increase in the precious metal’s value comes as discussions about introducing a novel gold-backed currency by…
USD/TRY Bulls Flirt with Record Peak Turkish Lira Pair Struggles Amid Trade Deal USD/TRY bulls are currently flirting with the record peak of around 26.35 as we head into Tuesday’s European session. The pair has been on an upward trend for the past three consecutive days, showing strong bullish momentum. However, the surge in the…
