Gold Price Recovers as US Dollar Weakens Introduction The price of gold (XAU/USD) has seen a confident recovery as the US Dollar and Treasury yields faced selling pressure. This followed a report from S&P Global which showed weak preliminary PMI data for August. The lower factory activity and bleak service sector growth are raising concerns…
The Impact of Fresh Supply on NZD/USD Pair on Thursday Background The NZD/USD pair encountered fresh supply on Thursday, leading to a reversal of a significant portion of the previous day’s gains. The pair reached a one-week high of 0.5985 before spot prices dipped to a daily low in the mid-0.5900s during the early European…
The Current State of USD/JPY Pair Regaining Positive Traction Asian Session Snapshot The USD/JPY pair has been making positive moves during the Asian session on Thursday, breaking a two-day losing streak that led it to a one-and-half-week low at around mid-144.00s touched the previous day. Currently, spot prices are trading just above the 145.00 psychological…
