Forex News

Gold (XAU/USD) Makes Half-Baked Recovery Amid Weakening US Dollar Gold Price Rises to $2,740s on Monday Gold (XAU/USD) has managed to make a half-baked recovery to trade in the $2,740s on Monday, thanks to a weakening US Dollar (USD). The precious metal is mostly priced and traded in USD, so any decline in the dollar’s…

Are You Ready to Cash in on the USD/CAD Gains? What’s Happening with USD/CAD? So, let’s talk about the currency market for a second. The USD/CAD pair is offering gains, and it’s got traders buzzing with excitement. As of now, it’s hovering around 1.3900 during the Asian trading hours on a fine Monday morning. The…

The Implications of Speculators’ Positioning on Currency Markets A Closer Look at Financial Market Dynamics Large speculators and asset managers have recently shown a net-short exposure to yen futures ahead of the Bank of Japan (BOJ) meeting, indicating a bearish sentiment towards the Japanese currency. However, this bearish positioning may be short-lived if the central…

Momentum Shift: Kamala Harris on the Rise A Quirky Take on US Presidential Candidate Betting Markets Over the weekend, the betting markets saw a significant shift in momentum towards Democratic US Presidential candidate Kamala Harris. Traders are quickly recalibrating their predictions, moving away from Republican rival Donald Trump. With Harris’s less expansionary fiscal policy plans,…

The US Dollar (USD) Outlook Analysis by UOB Group’s FX Analysts The US Dollar (USD) could drop further, but it does seem to have enough momentum to threaten the major support at 151.05. In the longer run, USD advance from early last month has ended; it must break and remain below 151.05 before a more…

US Dollar Outlook: Resilience in the Face of Uncertainty Key Economic Indicators Point to Continued Strength With a key measure of US inflation and consumer spending both rising more than expected, adding to other signs of an economy proving more resilient than the Fed and others had expected, the greenback is likely to remain on…

EUR/USD holds up near 1.0850 in Thursday’s European session Traders show confidence in Euro following positive economic indicators EUR/USD has maintained its position near 1.0850 in Thursday’s European session, buoyed by a recent uptick in confidence among traders. The major currency pair experienced a sharp recovery on Wednesday, a trend that has continued into the…

Gold Prices Reach Record Highs Amid Uncertainty The Current Situation Gold price (XAU/USD) is seen oscillating in a narrow range during the Asian session on Thursday and consolidating its recent strong gains to a record high. The US Dollar (USD) attracts some dip-buying and for now, seems to have stalled its corrective slide from a…