Gold price strengthens on fading hopes of more interest-rate increases What is happening with gold prices? Gold prices (XAU/USD) have been strengthening this week as the rally in US Treasury yields has come to a halt. This pause in the rise of Treasury yields is due to fading hopes of more interest-rate increases from the…
EURUSD Price Forecast: Wedge Pattern Suggests Limited Weakness Ahead Introduction The EURUSD pair came down as expected to a new low after a wave 4 corrective rise. The price is now seen in a wave back, back at the 1.0830 support level. Therefore, the wedge shape of the price action may suggest limited weakness and…
EUR/JPY Bears Testing Key Support Level Amid Eurozone and German PMI Data Release EUR/JPY Recap EUR/JPY bears are currently testing the short-term key support level around 158.10 during the early hours of Wednesday’s European session. This comes as markets eagerly anticipate the release of the first readings of Eurozone and German PMIs for August. The…
Feeling the Pulse of the Currency Market Riding the Wave: AUD/USD Pair There’s a buzz in the air as the AUD/USD pair attracts some dip-buying action, following an overnight pullback from a multi-day peak. As the Asian session unfolds on Wednesday, spot prices are holding steady around the mid-0.6400s, marking a modest gain of just…
Gold Price Attracts Dip-Buying Amidst Firming Fed Expectations Market Update Gold price attracted some dip-buying on Wednesday and stalled the overnight modest pullback from the $1,904-$1,905 region, marking a multi-day peak. The XAU/USD climbed back above the $1,900 mark during the Asian session, but any meaningful appreciating move remains elusive in the wake of firming…
