Feeling the Effects: The AUD/USD Pair Continues to Decline Downward Trajectory Continues It seems like the AUD/USD pair just can’t catch a break. The downward trajectory that has been going on for the past three weeks shows no signs of stopping, with the pair losing ground for the third successive day on Thursday. This marks…
The Impact of Recent Events on GBP/USD Exchange Rate Recent Performance of GBP/USD The GBP/USD has shed an accumulated 462 pips in the past three weeks from its current 52-week high of 1.3142 reached on 14 July 2023. The losses seen so far this week have been accentuated by across-the-board US dollar strength triggered by…
What’s up with the AUD/USD pair? A rollercoaster ride in the foreign exchange market So, you may have heard about the AUD/USD pair making some waves in the foreign exchange market lately. Well, buckle up because it’s been quite a rollercoaster ride for this currency pair! Recent developments The AUD/USD pair has been on a…
Gold Price Languishes at Lowest Level Since July Overview The Gold Price (XAU/USD) is currently languishing at the lowest level since July 12, hovering around $1,935 after breaking through the $1,945 support confluence. This drop comes as bears reflect on their losses, with a slew of United States statistics set to be released on Thursday….
The Mexican Peso Weakens as USD/MXN Exchange Rate Strengthens What’s Happening to the Mexican Peso? It’s a rollercoaster of a day for the Mexican Peso (MXN), as it weakens during the North American session. The USD/MXN exchange rate is looming around 17.0000, marking a significant gain since July 21, 2023. Currently, the USD/MXN is trading…
Feeling the Pressure: AUD/USD Pair Continues to Drop Under Pressure It’s hump day and the AUD/USD pair is feeling it. The selling pressure has been relentless for the past two days, with no signs of relief in sight. As the early European session kicks off, spot prices are dropping to a near two-month low, hovering…
Feeling The Financial Rollercoaster: A Trader’s Tale USD/JPY Pair Reaches Three-Week High Picture this: you’re sitting at your desk, sipping on your morning coffee, watching the USD/JPY pair make its moves on the chart. Suddenly, it’s like a rollercoaster ride – the pair bounces from the 138.00 neighborhood and climbs to over a three-week high…
Feeling the Impact: Gold Prices Drop as US Dollar Gains Strength Ahead of Manufacturing PMI Emotional Rollercoaster for Gold Investors As a gold investor, seeing the price of gold drop can be emotionally taxing. The uncertainty in the market, coupled with the increase in the value of the US dollar, has led to a significant…
