Forex News

Gold Price Holds Steady Near All-Time High Asian Session on Monday Sees XAU/USD Around $2,580 Region Gold price (XAU/USD) remains steady near its all-time high, hovering around the $2,580 region during the Asian session on Monday. This stability comes amidst relatively thin trading volumes, as China and Japan are both on holiday. Traders are choosing…

EUR/USD Retreats from 1.1100 Handle as Market Forces Weigh Economic Outlook EUR/USD kicked back into the 1.1100 handle on Friday, before market forces weighed on the Euro once again and returned Fiber to the day’s opening bids. The pair has fumbled a near-term technical recovery after a midweek pivot back into the bullish side, and…

USD/JPY Continues Downward Trend What to Expect with the FOMC Meeting Next Week The USD/JPY pair has been on a downward trend recently, and with the Federal Open Market Committee (FOMC) expected to shift into a cutting cycle next week, the prospect of going long on this pair becomes less and less attractive. Despite positive…

The Significance of the Japanese Yen Crosses Index Movement Introduction Since our last publication, an equal-weighted basket of Japanese yen crosses Index that consists of the G-10 currencies (AUD, NZD, CAD, SEK, NOK, EUR, GBP, CHF, and USD) continued to tumble and recorded a week-to-date loss of -1.24% at this time of the writing. Also,…

Feeling Bullish: What to Expect with the Federal Reserve Rate Cut So you’ve heard the buzz about the Federal Reserve potentially cutting interest rates next week? Well, you’re not alone. Market sentiment is definitely leaning towards a bullish outlook, all thanks to the expectations of a rate cut. But what does this all mean? Let’s…

GBP/USD Soars as Dollar Weakens After US PPI Report: A Thursday to Remember Introduction Thursday was a day to remember for currency traders as the GBP/USD pair experienced a significant surge. This happened as the US Dollar weakened following the release of the Producer Price Index (PPI) report in the United States. The Greenback lost…

Silver Prices Shine Brighter After US Inflation Data Release It’s a Silver Lining on Thursday for XAG/USD Traders Well, well, well, look at silver showing off its sparkle today! The XAG/USD price is on the rise after the US “factory gate” inflation report was released, also known as the Producer Price Index (PPI). That’s right,…

The rollercoaster ride of the AUD/USD pair Emotions running high in the forex market Today was a day full of ups and downs for traders in the forex market, especially those dealing with the AUD/USD pair. The currency pair started off on a high note, reaching a fresh weekly high near the 0.6700 mark during…