Gold Price (XAU/USD) remains pressured at $1,901 Introduction During the early hours of Wednesday’s Asian session, the price of gold (XAU/USD) continued to face pressure at $1,901. This comes as the precious metal reverses a late Tuesday corrective bounce off the lowest level in seven weeks amidst a cautious mood in the market. Factors influencing…
Silver’s Price Challenges Despite Bounce Market Volatility and Silver Pricing As the global economy continues to navigate through uncertain times, the price of silver remains a point of interest for investors and financial analysts alike. The recent fluctuations in the value of silver, particularly the XAG/USD rate, highlight the challenges faced by precious metal markets…
EUR/USD Extends Losses as US Data Reignites Fed Tightening Worries Overview EUR/USD extended its losses on Tuesday for two straight days and clings above the 1.0900 figure after solid data from the United States (US) reignited worries of additional tightening by the Federal Reserve (Fed) amidst a resilient US economy. At the time of writing,…
The USD/CAD Pair: Analyzing Recent Trends Selling Pressure at Two-Month High The USD/CAD pair recently experienced selling pressure after reaching a two-month high of around 1.3500 during the early New York session. Despite positive United States Retail Sales and higher-than-expected Canadian inflation data for July, the Loonie asset dropped amid a sell-off in the US…
The Impact of Supply on USD/CAD Pair During Asian Session Introduction The USD/CAD pair experienced some supply during the Asian session on Tuesday, causing a decrease in spot prices and eroding a major part of the overnight gains to a multi-day peak. The spot prices dropped to a fresh daily low, falling below the mid-1.3400s…
Gold Price Struggles in Asian Trading on Tuesday Market Sentiment Still Bearish The price of gold has been facing challenges in gaining momentum during the Asian trading session on Tuesday. The XAU/USD pair is currently hovering near its lowest level since June 6, which was reached yesterday. Despite managing to stay above the $1,900 mark…
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)…
