Forex News
Gold Prices Rebound as Federal Reserve Adopts a More Cautious Tone
Blog Post Article: Gold (XAU/USD) Trades Back in the $2,610s On Thursday, Gold (XAU/USD) price action saw a temporary correction, trading back in the $2,610s following the release of US inflation and jobs data. The latest inflation data revealed upside price pressures, indicating a potential increase in consumer prices. However, the labor market data showed…
Silver Price Forecast: XAG/USD Consolidates Around Mid-$3000s, But Still Not Out of the Woods Yet
Understanding the Intriguing Movement of Silver (XAG/USD) Current Scenario Silver (XAG/USD) lacks any firm intraday direction on Thursday and oscillates in a narrow trading band around mid-$30.00s through the first half of the European session. The white metal remains within the striking distance of a nearly three-week low touched on Tuesday and seems vulnerable to…
USD/CAD Maintains Steady Position Above 1.3700 as Bulls Exercise Caution Ahead of US Consumer Inflation Data
The USD/CAD Pair Reverses Asian Session Dip and Eyes 1.3700 Resistance Level Current Market Situation The USD/CAD pair has reversed an Asian session dip and is currently trading just above the 1.3700 round figure. This puts the pair within striking distance of its highest level since August 16, which was touched the previous day. The…
Japanese Companies Predict USD/JPY to Remain in 140-150 Range Until March 2025
The Reuters survey finds that Japanese companies are facing earnings headwinds Rising costs and sluggish sales weighing on performance A recent survey conducted by Reuters has revealed that Japanese companies are currently facing significant challenges when it comes to meeting their earnings targets. In fact, 36% of Japanese firms expect to miss their first-half earnings…
EUR/USD: Navigating a Tightrope at 1.0950 Ahead of FOMC Meeting and US Inflation Data
EUR/USD: Navigating a Tightrope at 1.0950 Ahead of FOMC Meeting and US Inflation Data The Challenge of EUR/USD at 1.0950 EUR/USD walks on a thin rope near the eight-week low of 1.0950 in Wednesday’s New York session. The major currency pair remains under pressure as the US Dollar (USD) extends its previous week’s rally further,…
NZD/USD Plummets to 7-Week Low: RBNZ Rate Cuts and Sell-Off Continue to Impact
The Impact of RBNZ’s Decisions on NZD/USD Pair Market Analysis The NZD/USD pair has dropped to a seven-week low, touching 0.6091, as the sell-off that started on 1 October continues to intensify. The New Zealand dollar’s weakness is largely attributed to the Reserve Bank of New Zealand’s (RBNZ) recent decisions to lower interest rates in…
Feelin’ the Forex Blues: EUR/USD Stuck in a Seven-Week Slump as Fed Rate Predictions Shift
As of Tuesday, EUR/USD remains near a seven-week low Market Focus on Federal Reserve’s Interest Rate Trajectory Hey there, fellow traders and finance enthusiasts! Have you been keeping an eye on the EUR/USD pair lately? As of Tuesday, the pair is still hanging around the 1.0984 mark, trying to find some stability in the midst…
Discovering the Potential of NZD/USD: A Look at the Next Major Support Level of 0.6075 according to UOB Group
Oversold Conditions in the New Zealand Dollar (NZD) Insights on NZD Trading Range According to FX analysts Quek Ser Leang and Lee Sue Ann from UOB Group, oversold conditions in the New Zealand Dollar (NZD) suggest that any declines in its value are likely part of a lower trading range of 0.6105 to 0.6165. While…