Forex News

The USD/JPY Currency Pair Surges to Near Three-Month Highs Riding the Wave of a Strengthening US Dollar Have you heard the news? The USD/JPY currency pair has skyrocketed to near three-month highs, hitting 151.79. What could be driving this surge, you ask? Well, it seems that the mighty US dollar is flexing its muscles once…

EUR/USD Continues to Decline as ECB Officials Push for Additional Rate Cuts The Decline of EUR/USD The EUR/USD currency pair has experienced a slight decline, slipping below the 1.0800 mark during Wednesday’s European trading session. The Euro has come under significant pressure as the outlook for the currency has darkened. This shift in sentiment is…

Discovering Stability: How AUD/USD Finds Support in the Unusual Strength of USD/CNH Description: Gains in Chinese equity index futures and relative stability in the offshore-traded Chinese yuan may have shielded the Australian dollar from the latest bout of US dollar strength, helping AUD/USD push higher on Tuesday despite the risk-off tone across broader markets. Sitting…

Goldman Sachs Trade War Scenarios and Euro Outlook Introduction Goldman Sachs has been analyzing various trade war scenarios and their potential impact on the euro currency. One of the key scenarios they have been evaluating is the outcome of the US election, particularly if the Republican party wins the presidency and Congress. In this case,…

Feeling the Pressure: AUD/USD Pair Struggles Amid Uncertainty The Battle of the Dollars: Will the Aussie Dollar Make a Comeback? So, here we are again. The AUD/USD pair is trying to pick itself up off the floor, but the road to recovery is looking pretty rocky. It’s like watching a boxer stumble to their feet…

Market Analysis: AUD/JPY Gains Ground Overview The AUD/JPY pair continues to gain ground for the second successive session, hovering around 100.90 during the European trading hours on Tuesday. The Australian Dollar (AUD) is receiving support from hawkish sentiment surrounding the Reserve Bank of Australia (RBA) regarding its policy outlook. This sentiment is bolstered by positive…

Gold Price Approaches Record High Amid Uncertainty Asian Session Dip-Buying The price of gold (XAU/USD) ticked upwards during the Asian session on Tuesday, drawing the attention of investors looking to buy on the dip. The precious metal is currently hovering near a record peak of around $2,740-2,741, which was reached just the day before. Factors…

Hey there, fellow traders and finance enthusiasts! Let’s talk about the recent shakeup in the EUR/USD currency pair as it stumbled on Monday, setting the tone for the new trading week with a downward push. Price action found itself hovering around familiar 12-week lows, just above the 1.0800 handle. The market sentiment is certainly mixed…