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…
The Gold Market: Rebound and Consolidation At the end of the week, the XAU/USD Gold spot slightly recovered to $1,890, but it is still poised for a 1% weekly decline, its fourth weekly loss in a row. The Ups and Downs of Gold Trading Gold prices have been on a rollercoaster ride this week, with…
USD/CAD Languishes at Highest Level Since June 01 Market Overview The USD/CAD pair has been languishing at the highest level since June 01, with recent easing from the multi-day top. Market players are currently seeking more clues to defend the five-day uptrend heading into Friday’s European session. In this scenario, the Loonie pair is justifying…
Gold Price Struggles Near Lowest Level Since March Market Analysis The price of gold has been facing challenges in gaining momentum, with XAU/USD hovering around the $1,890 mark. The precious metal recently hit its lowest point since mid-March during the Asian trading session. This decline comes after a bearish breakout below the key 200-day Simple…
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…
The USD/CAD Pair: Waiting on the Fed Interest Rate Decision What’s Driving the Loonie’s Wild Moves? The USD/CAD pair has been struggling to find direction in recent trading sessions as investors eagerly await the interest rate decision by the Federal Reserve (Fed) for further guidance. The Loonie asset has been demonstrating wild swings in a…
EUR/CAD Technical Setup: An Impending Depreciation? What’s Happening with EUR/CAD? The EUR/CAD pair is currently displaying a compelling technical setup. With a 78.6% retracement and lower highs, combined with pivot point resistance, there is triple confirmation of an impending depreciation of the Euro against the Canadian Dollar. Challenges for the European Central Bank The European…
Tracking U.S. Investments in China: A Closer Look Introduction Two U.S. senators, Democratic Senator Bob Casey and Republican John Cornyn, have put forth a new legislative plan called the Outbound Investment Transparency Act. This act aims to track U.S. investments in China, amid ongoing concerns about the risks associated with such investments. Meanwhile, the White…
