Forex News
EUR/USD Cycles Near 1.0900 as Traders Tread Water: A Quirky Look at the Fiber Market
EUR/USD Cycles Near 1.0900 as Traders Tread Water: A Quirky Look at the Fiber Market What Happened in the EUR/USD Market? EUR/USD went nowhere fast on Thursday, testing the 1.0900 handle before wrapping up the day’s action close to where it started. Fiber flubbed a swing for the 1.1000 handle earlier this week, and momentum…
Gold Prices to be Affected by Long Liquidations, According to TDS
Gold Bugs Facing Tough Times Ahead Will Gold bugs manage to withstand this wave of selling activity? Price action over the past months has resulted in capitulation from macro funds and large-scale selling activity from systematic trend followers across nearly every commodity market on our radar, TDS senior commodity strategist Daniel Ghali notes. The recent…
Unlocking the Potential of Gold: A Positive Outlook Despite Recent Dip
Gold Holds Steady Above $2400 as US Dollar Weakens Market Update In the first half of Thursday’s trading session, gold prices remained strong, with the precious metal holding above the key $2400 level. This uptrend can be attributed to the recent weakening of the US dollar, which has lost some of its yield appeal amid…
USD/JPY Dips Near 146.00 as BOJ Releases Hawkish Summary of Opinions
The Effects of Bank of Japan’s Summary of Opinions on USD/JPY USD/JPY Falls to Near 146.00 in Thursday’s European Session The USD/JPY pair saw a decline to near 146.00 during Thursday’s European session. This drop in the value of the US dollar against the Japanese Yen signifies a strengthening of the JPY. The driving force…
USD/CAD Stays Near 2-Week Low as USD Weakens and Oil Prices Fall: A Look at the Factors Behind the Pair’s Movement
The USD/CAD pair drifts lower for the fourth straight day Trading around the 1.3735-1.3740 area The USD/CAD pair continues to decline for the fourth consecutive day, as it hovers around the 1.3735-1.3740 area during the early European session on Thursday. Bearish traders are now on the lookout for further selling pressure below the 1.3720 area,…
Expert Silver Price Forecast: XAG/USD Bounces Back from Multi-Month Low, But Caution Still Advised
Silver (XAG/USD) stages recovery from three-month low Market Update Silver (XAG/USD) has made a goodish recovery from the $26.45 area, which marked a three-month low during the Asian session on Thursday. The white metal has snapped a three-day losing streak and is currently trading just below the $27.00 mark, showing an increase of over 1.20%…
GBP/USD: Searching for Momentum as Markets Digest Rate Cut Speculations
GBP/USD Testing Waters on High Side Market Struggles Amid US Data Below Expectations On Wednesday, GBP/USD tested waters on the high side but settled the day just south of the 1.2700 handle. Markets are grappling with a broad downside shock initiated late last week, as a slew of US data came in below expectations. This…
USD/JPY Price Forecast: BOJ’s Dovish Stance Sends Pair Skyrocketing Over 150 Points!
What a Wild Ride: the USD/JPY Soars! Hold on to your hats, folks! It was a rollercoaster day in the world of forex trading as the USD/JPY pair made some massive moves late in the North American session. The pair surged by over 1.50%, or more than 240 pips, following a statement from a Bank…