Forex News

The Great USD/CAD Rollercoaster Ride: A Tale of Recovery and Resistance What a Wild Thursday for USD/CAD Traders Today’s trading session has been nothing short of a rollercoaster ride for those involved in the USD/CAD pair. After experiencing intraday losses earlier in the day, the pair is now attempting to reclaim the psychological resistance level…

Struggling Aussie Dollar The Battle of the AUD/USD Let’s talk about the Aussie dollar, mate. It’s been putting up a valiant effort for the past few weeks, trying to rally for the fourth week in a row. But it seems like it’s hit a bit of a roadblock, setting the weekly opening-range just below some…

The Impact of EUR/USD Sell-off on the Market EUR/USD faces a sharp sell-off, sliding below the round-level support of 1.100 in Thursday’s European session. The major currency pair extends its correction after some preliminary inflation data from Spain and six important German states showed that price pressures continued to abate in August, increasing bets of…

Calibrating Expectations for Fed Rates: How US Jobless Claims Impact EUR/USD Introduction Having navigated the most important corporate earnings report in history, or so at least that’s how Nvidia’s Q2 update has been portrayed in some circles, it’s now time for markets to brace for the most important US jobless claims report on record, at…

RBA Expected to Hold Interest Rates, Boosts AUD/USD Near 0.6800 The Impact of RBA Decision on AUD/USD Pair As the AUD/USD pair continues to hover near the significant level of 0.6800, investors are closely monitoring the upcoming decision of the Reserve Bank of Australia (RBA) regarding interest rates. The Aussie asset surged to a fresh…

GBP/USD Hits Fresh Multi-Year High on Hopes for Fed Rate Cut Easing into a 29-Month Peak On Tuesday, GBP/USD tested into a fresh multi-year high, reaching a peak of 1.3266. This surge in the Pound Sterling comes as investors ride on a broad-market Greenback sell wave. The ongoing optimism for a September rate cut from…

Gold Glitters Above $2,500: A Sparkling Investment Opportunity The Shine of Geopolitical Tensions A surge in the gold price (XAU/USD) has taken the market by storm as it climbs above $2,500 per troy ounce. The driving force behind this impressive rally? Look no further than the escalating geopolitical tensions in the Middle East. Investors are…

Gold Prices Poised for Rebound Amid Global Tensions Recent Dip in Gold Prices Gold prices have recently dipped to 2507 USD per troy ounce but are poised for a potential rebound due to increased demand for safe-haven assets amid escalating conflict in the Middle East. Additionally, anticipations of monetary policy easing by the US Federal…