Forex News

EUR/USD Rallies as US Dollar Tumbles Market Risk Appetite Reaches New Heights EUR/USD rallied into its second-best day of August, climbing seven-tenths of one percent as the US Dollar tumbles across the board. Market risk appetite is pinned into the ceiling after Federal Reserve (Fed) officials broadly tipped their hand to investors, signaling that the…

USD/CAD Takes a Tumble: Fed Hints at Policy Changes on the Horizon (08/23/2024) Description: USD/CAD tumbles to a fresh monthly low (1.3508) as Federal Reserve Chairman Jerome Powell states that ‘the time has come for policy to adjust,’ and the exchange rate may continue to give back the advance from the April low (1.3478) as…

Silver Soars Near $29.30 as Fed Powell’s Speech Takes Center Stage: A Forecast for XAG/USD The Excitement Behind Silver’s Rise As the silver price (XAG/USD) climbs to near $29.30 in Friday’s North American session, investors are eagerly awaiting Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole (JH) Symposium. The white metal has…

Feeling Grounded: AUD/USD Stabilises as US Dollar Weakens The Current State of Affairs Picture this: a currency pair, the Australian Dollar to US Dollar (AUD/USD), is in a bit of a tango. It’s finding its footing, currently stabilising at around 0.6725. What’s causing this dance, you ask? Well, the US dollar is weakling further. Why,…

Japanese Inflation Statistics on the Rise BOJ Governor Ueda Considers Rate Hike What This Means for Business Success With Japanese inflation statistics on the rise, particularly the national core CPI approaching 2024 highs, BOJ Governor Ueda has not ruled out the possibility of another rate hike. This decision will be contingent on upcoming economic data…

Hooray for Positive Traction! The AUD/USD Pair Making Waves So, I was scrolling through the latest updates on the AUD/USD pair, and let me tell you, things are looking up! The pair has regained some positive traction on Friday, which is always a good sign. It seems like it has stalled its modest retracement slide…

Gold Bounces Back Strongly Amidst Weak Dollar and Lower Yields The Rollercoaster Ride of Gold Prices Gold (XAU/USD) has been on a wild ride lately, experiencing significant volatility in the markets. Just when it seemed like the precious metal was losing steam and heading towards a correction, it bounced back with renewed strength, surpassing the…

UBS Sets Gold Price Target at $2,700/oz – A Bold Prediction for Precious Metal Enthusiasts! Description: I posted earlier on the note on the UBS oil forecast: UBS is expecting Brent crude oil to recover into $85 – 90 range Citi is looking for the same direction: Citi says upside risk for oil, Brent possible…