NZD/USD Posts Modest Gains Amid Risk Aversion Introduction The New Zealand Dollar (NZD) has posted modest gains against the US Dollar (USD) in the North American session as investors flock to safe-haven assets amidst China’s real estate woes. This risk aversion has bolstered the Greenback, which is further supported by high UST bond yields. The…
The USD/CHF Pair Gathers Strength for a Rally Above Immediate Resistance European Session Outlook The USD/CHF pair is showing signs of strength as it prepares for a rally above the immediate resistance level of 0.8780. This bullish momentum is being driven by a number of factors, including the strength of the US Dollar Index (DXY)…
The NZD/USD Intraday Recovery Market Analysis: The NZD/USD pair stages a goodish intraday recovery from the vicinity of mid-0.5900s, or its lowest level since November 2022 touched this Monday and hits a fresh daily peak during the early European session. Spot prices currently trade just below the 0.600 psychological mark, up nearly 0.10% for the…
Gold Price Dips During Asian Session What’s Happening? The price of gold has seen a slight decline during the Asian session on Monday, dropping to the $1,911-$1,910 region. This marks the lowest level for gold since July 7. Despite this intraday downtick, there has been a lack of follow-through selling, which suggests caution for aggressive…
