Gold Prices Dip as Concerns Over US Inflation Rise Market Update: XAU/USD Refreshes Intraday Low at $1,930.00 The price of gold (XAU/USD) has dipped to its intraday low of around $1,930.00 as concerns over Thursday’s Consumer Price Index (CPI) data dampen its appeal. The precious metal is under severe pressure amid a strengthening US Dollar,…
EUR/JPY intraday high near 157.70 EUR/JPY is showing signs of strength as it reaches its intraday high near 157.70, breaching a 1.5-month-long falling resistance line. Despite the downbeat German inflation data and sluggish Treasury bond yields, the cross-currency pair is holding firm. Impact on Individuals For individuals, this uptick in EUR/JPY could mean potential opportunities…
Charmingly Eccentric: The EUR/JPY Cross Continues to Rise The EUR/JPY cross is on a winning streak Building on the previous day’s good rebound from the 155.80 region, or a one-week low, the EUR/JPY cross has gained strong positive traction for the second successive day on Tuesday. This momentum has lifted spot prices to over a…
EUR/USD Update: US Dollar struggles to maintain gains amid Eurozone data concerns EUR/USD holds steady around 1.1000 The EUR/USD pair is currently treading water around the 1.1000 level during the early hours of Tuesday’s Asian session. This comes after the pair tested a two-day uptrend in the previous session. The US Dollar’s recent weakness and…
The USD/CAD pair reaches two-month high near 1.3400 resistance In the European session, the USD/CAD pair hit a fresh two-month high near the critical level of 1.3400. The rally in the Loonie asset has been fueled by renewed optimism among investors, who are anticipating further interest rate hikes by the Federal Reserve. Over the past…
Resuming the Upside Journey: USD/CHF Approaching 0.8800 Resistance The USD/CHF pair continues its upward momentum After a mild correction in the London session, the USD/CHF pair is once again on the rise, approaching the key round-level resistance of 0.8800. The Swiss Franc asset has been strengthening as market sentiment turns bearish ahead of the release…
The Battle of USD/CAD: Bulls vs Bears A Tug of War in the Forex Market USD/CAD aptly portrays the market’s indecision ahead of the all-important US inflation data as it prods bulls at the highest levels in nearly four months, making rounds to 1.3375-80 heading into Monday’s European session. In doing so, the Loonie pair…
EUR/USD Struggles as Inflation Concerns Loom Introduction The EUR/USD pair is facing uncertainty as it begins a crucial week with inflation playing a key role in determining its direction. After seeing a rise in the last two consecutive days, the pair is now trading lower, with sellers targeting the psychological level of 1.1000 during the…
