Forex News

Investing in Gold: A Rollercoaster Ride Gold’s Price Fluctuations Gold started the week on a high note, hitting an all-time high of $2531 per troy ounce. Investors were optimistic, hoping for continued gains. However, as the week progressed, the tide turned, and gold prices plummeted by over 1% on Thursday, erasing some of the earlier…

The AUD/USD pair: A Resilient Asset Discovering Buying Interest In Thursday’s New York session, the AUD/USD pair found buying interest from the intraday low of 0.6725. This resilience displayed by the Australian Dollar against the US Dollar indicates a positive sentiment towards the Aussie asset. Expected Upside Journey The Aussie asset is poised to resume…

USD/CAD Pair Continues Sharp Retracement Slide Introduction The USD/CAD pair has been on a downward trend, extending its retracement slide from the mid-1.3900s, which was the highest level since October 2022. This decline has been ongoing for the past five days, with the pair facing selling pressure on Thursday. The spot prices have now fallen…

A Fresh Take on Forex Trading: GBP/USD Pair Analysis Thursday Morning Trading Session As the sun rises over the forex markets on Thursday, the GBP/USD pair is once again in the spotlight. Traders are closely watching as the pair oscillates within a narrow band during the Asian session, showing signs of stability in the forex…

Gold Market Update: TD Sounds the Alarm on Macro Positioning Data – Is Downside Risk Ahead? Description TD is wary of gold, saying that their data on macro positioning data in gold appears to be flashing warning signs. Their model suggests gold positioning is statistically consistent with 370bps of Fed rate cuts, a fairly extreme…

Blazing a Trail: Navigating the Economic Landscape The Calm Before the Storm As we enter the midweek mark, the economic scene has been eerily quiet, reminiscent of the calm before a storm. Traders and investors are cautiously treading water, holding their breath for the slew of major economic events set to take center stage in…

EURUSD: A Steady Rally Underway Testing Key Resistance The EURUSD pair has been on a steady rally since August 15th, finding support at 1.0950. Currently, it is testing the key resistance zone of 1.1130, a zone that has historically held back bullish advances in both December and July of 2023. Despite these obstacles, the pair…

US Dollar Continues to Decline as Gold Shines: A Fundamental Analysis Introduction There was no major news on the wire to trigger the minor selloff in global equities, so it was nothing else than a correction after a long rally following an ugly meltdown. As such, the S&P500 and Nasdaq were slightly down, by around…