The Fluctuating Gold Price: What Investors Need to Know Introduction Gold price (XAU/USD) has been flirting with the crucial support level of $1,900 as investors eagerly await the Federal Open Market Committee (FOMC) minutes for guidance on inflation and the interest-rate peak. The precious metal has been facing selling pressure as the US Dollar and…
The USD/CAD Pair: Analyzing Recent Trends Selling Pressure at Two-Month High The USD/CAD pair recently experienced selling pressure after reaching a two-month high of around 1.3500 during the early New York session. Despite positive United States Retail Sales and higher-than-expected Canadian inflation data for July, the Loonie asset dropped amid a sell-off in the US…
NZD/USD Posts Modest Gains Amid Risk Aversion Introduction The New Zealand Dollar (NZD) has posted modest gains against the US Dollar (USD) in the North American session as investors flock to safe-haven assets amidst China’s real estate woes. This risk aversion has bolstered the Greenback, which is further supported by high UST bond yields. The…
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 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…
EUR/GBP Cross Attracts Fresh Buying Near 0.8600 Mark Embracing Opportunities in the Forex Market It’s Friday, and the EUR/GBP cross is making waves in the market as fresh buying near the 0.8600 mark sends ripples of excitement through the trading community. The overnight pullback from a nearly two-week high, following the Bank of England (BoE)…
Feeling the Friday Forex Frenzy! Riding the Waves of the USD/CHF Pair So, picture this: it’s Friday, the end of the week is in sight, and the USD/CHF pair is just getting started on its wild ride. The pair attracts some dip-buying near the 0.8730 area, sending traders into a frenzy of excitement. As the…
Feeling the Pulse of the Forex Market USD/JPY Pair: A Rollercoaster Ride As forex traders eagerly track the movements of the USD/JPY pair, the recent sharp retracement slide from the four-week high near the 144.00 mark has not gone unnoticed. The pair has since climbed back towards the 143.00 mark during the Asian session on…
