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 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,…
Understanding the USD/JPY Market Dynamics Why USD/JPY is Experiencing Losses The USD/JPY pair has seen a decline over the past two days due to a combination of factors. One significant reason is the release of jobs data from the United States, which indicated a slowdown in the labor market. This information has caused investors to…
Welcome to the Finance Corner! Riding the Wave of USD/CAD Pair So, you’ve heard the news – the USD/CAD pair is on the rise, climbing above that oh-so-crucial resistance of 1.3350. What does this mean for us? Well, let’s break it down in layman’s terms. A Rocky Start In the early New York session, the…
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 Ups and Downs of the AUD/USD Pair Keep up with the latest trends in the Forex market Have you been keeping an eye on the AUD/USD pair lately? If so, you may have noticed some interesting movements in the late European session. The pair has been pushing past the resistance level of 0.6200,…
