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…
EUR/USD Resumes Downtrend but Sees Late Buying Interest The EUR/USD pair experienced a drop of 0.43% on Tuesday, reaching a new monthly low of 1.0832. The pair appeared to be on track to continue its descent towards the 200-day Moving Average at 1.0795. However, as the day progressed, buyers entered the market and pushed the…
Market Update: JPY Strengthens Against Rivals Tuesday’s Session Recap In Tuesday’s session, the JPY traded strongly against most of its rivals, mainly driven by the 10-year Japanese bond yield rise, which rose to its highest level since 2014, past 0.60%. On the USD side, the Greenback traded mixed against its rivals, while investors remain cautious…
The AUD/USD pair attracts fresh buyers near the 0.6400 round-figure mark on Tuesday Market Update What’s happening with the AUD/USD pair? The AUD/USD pair is showing signs of recovery as it attracts fresh buyers near the 0.6400 round-figure mark on Tuesday. The pair has been steadily climbing during the early part of the European session,…
Blog Post Article Good Vibes for EUR/USD Pair Let’s Get Positive! Hey there, currency traders! Have you heard the news? The EUR/USD pair is on a roll, gaining positive traction for the second day in a row. It’s climbing back above the 1.0900 mark during the Asian session, and spot prices are sitting pretty near…
Market Update: AUD/USD Pair Consolidates Ahead of Jackson Hole Symposium Current Situation The AUD/USD pair is currently trading within a narrow range around 0.6400 as investors brace themselves for the upcoming Jackson Hole Economic Symposium set to commence on Thursday. The Australian dollar is struggling to make any significant moves as traders await the release…
Discovering Hope: Gold Price Finds Comfort Ahead of Jackson Hole Symposium Introduction As the world continues to grapple with the ongoing challenges brought about by the global pandemic, investors are seeking stability and certainty in uncertain times. Gold, often seen as a safe haven asset, has provided reassurance to investors as its price stabilizes below…
The EUR/USD pair gains traction after six-day losing streak Positive start to the week On the first day of a new week, the EUR/USD pair has finally gained some positive traction. This comes after a six-day losing streak that saw the pair drop to its lowest level since July 6, touching around the 1.0845 area…
