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…
In Friday’s Session: EUR/JPY Trades with Losses EUR/JPY Closed Negative Below 159.00 Area In Friday’s session, the EUR/JPY traded with losses, closed negative below the 159.00 area, and corrected after five consecutive days of gains. On the Euro’s side, France’s Consumer Price Index (CPI) figures slightly surprised to the upside but failed to significantly impact…
Silver Price Stagnates Despite US PPI Growth Current Situation The price of silver (XAG/USD) has been hovering around $22.70, showing a lack of movement despite the recent growth in the United States Producer Price Index (PPI) in July. This comes as a surprise considering the rapid rise of the US Dollar, which has now reached…
Gold Glitters as US Inflation Falls Short: All Eyes on US PPI Introduction As the United States Consumer Price Index (CPI) for July fell short of expectations, gold prices (XAU/USD) experienced an intense sell-off followed by a temporary cushion. Investors are closely monitoring the upcoming release of the US Producer Price Index (PPI) as they…
EUR/USD lacks clear directions around 1.0980-85 during early Friday After a Volatile Thursday EUR/USD is currently lacking clear directions around the 1.0980-85 mark during the early hours of Friday’s trading session. This comes after a volatile Thursday, where the currency pair initially saw a fresh two-week high before ultimately closing the day with minor gains….
The Impact of USD/MXN Plummeting Below 17.0000 Recently, the USD/MXN exchange rate dropped below 17.0000 after the Department of Labor in the United States revealed that inflation had risen above the previous month’s data but was still below estimates. This news was interpreted as a signal that the US Federal Reserve tightening cycle has come…
The GBP/JPY Cross Continues its Upward Trajectory Introduction The GBP/JPY cross has been on a steady climb since the beginning of the current week, reaching over a one-month high during the early part of the European session on Thursday. With spot prices trading just above the mid-183.00 levels, there is potential for the cross to…
