Forex News
EUR/USD Rises as Weak Job Openings Increase Expectations for Large Fed Rate Cut
EUR/USD Holds Below Resistance Level of 1.1100 Overview EUR/USD is maintaining its position just under the 1.1100 resistance level in the European trading session today. The pair experienced a strong rebound on Wednesday following the release of disappointing US JOLTS Job Openings data for July. This has increased market expectations for the Federal Reserve to…
Uncovering the Future of Gold: How Fed Rate Cuts Could Impact Bullion Investors
Market Volatility Looms as US Economic Data Determines Fed’s Next Move We’re fast approaching what are arguably the most important two days for markets this year with upcoming US economic data likely to determine how fast the Fed will have to move when it comes to reducing interest rates. Even though lower borrowing costs and…
Gold Price Holds Steady Below $2,500 as Investors Anticipate US Labor Market Updates
Gold Price Struggles Amidst Economic Uncertainty The Current Situation The price of gold (XAU/USD) is currently facing challenges as it struggles to capitalize on an overnight bounce from a nearly two-week low of $2,472-2,471. The precious metal is oscillating in a narrow trading band during the Asian session on Thursday. Despite the bounce, the downside…
Exploring the Japanese Yen Forecast: USD/JPY Approaches 9-Month Lows at 144 – What’s Next?
The Impact of Global Stock Market Turmoil on Forex Trading A Tale as Old as Time for Experienced FX Traders It’s a tale as old as time for experienced FX traders: When global stock indices tank, the Japanese yen is usually a big beneficiary of the risk-off trade. After the S&P 500 saw its third-worst…
Unlocking the Potential: A Look into the Future of EUR/USD and the Potential for a Lower Dollar
A Reflection on Market Volatility: A Rollercoaster Ride for Investors The Rollercoaster Ride Continues In the first half of Wednesday’s session, we have seen a slight recovery in global indices and futures from their overnight lows, providing a calmer backdrop in the FX space after currency volatility rose on Tuesday as US markets resumed trading…
Can Gold Prices Reach New All-Time Highs by Year-End? A Special Report by XM Research
Unlocking the Power of Gold: A Year of Remarkable Success The Rise of Gold in 2021 Gold has been shining brightly in the financial markets this year, with an impressive gain of 21% and reaching a record high of $2,531 on August 20. Investors and analysts have been closely monitoring the precious metal’s performance, trying…
Caution Ahead: NZD/USD Remains Below 0.6200 as Traders Await US Labor Data
NZD/USD Continues its Downward Trend Market Analysis The NZD/USD pair has been on a losing streak for the fourth consecutive day, currently trading around 0.6180 during the Asian trading hours on Wednesday. The downward movement of the pair can be attributed to the cautious stance taken by market participants ahead of key economic data releases…
Unlocking the Secrets of EUR/JPY: A Technical Analysis of the Recent 38.2% Fibonacci Pullback
EURJPY Bears Struggle at Key Resistance Levels EURJPY is currently heading south following the unsuccessful battle with the 162.30 resistance level, which is the 38.2% Fibonacci retracement level of the down leg from 175.37 to 154.40. However, a more important struggle for the bulls could come at the 164.00 psychological level, which coincides with the…