Forex News

Silver prices surge to 12-year high in Q4 trade A bullish start to the quarter Silver prices put in a massive move to start Q4 trade, setting a fresh 12-year high with the metal’s first test of the 35-handle since October of 2012. This surge in silver prices comes on the heels of gold prices…

Silver Price Recovers in V-Shape Manner from Key Support Level Introduction The price of silver (XAG/USD) has shown a significant recovery in a V-shape manner from the key support level of $30.50. This recovery came in Wednesday’s North American session and saw the price refresh an intraday high near $31.20. The surge in price followed…

Unlocking the Power of GDP Data: How AUD/CAD is Affected The Impact of GDP Data on Currency Exchange Rates When it comes to trading in the foreign exchange market, one of the key indicators that investors and traders look at is the Gross Domestic Product (GDP) data of various countries. GDP is a measure of…

USD/CAD Pair Continues Winning Streak What’s Happening Today? Today, the USD/CAD pair is on a winning streak for the third consecutive trading day. The Loonie pair is moving higher, approaching the 1.4075 mark as the US Dollar gains strength. This increase comes ahead of important US economic data for November, including the ADP Employment Change,…

Unlocking the Potential of EUR/JPY: A Technical Forecast for Tuesday, December 3rd, 2024 The EUR/JPY is our featured technical chart, for not only a technical breakdown is looking increasingly likely, but the macro backdrop makes for a bearish fundamental backdrop. As we approach Tuesday, December 3rd, 2024, the EUR/JPY currency pair is presenting an interesting…

The Impact of the US Energy Superpower on Global Currency Markets The Battle of the Currencies The re-emergence of the US as a global energy superpower has had a significant impact on currency markets around the world. One currency that has particularly felt the effects of this shift is the Norwegian krone. As the US…

Understanding the Impact of Gold Price Fluctuations Gold price attracts heavy selling at the start of a new week/month and drops to the $2,623-2,622 area during the Asian session, snapping a four-day winning streak amid a goodish pickup in the US Dollar (USD) demand. Expectations that US President-elect Donald Trump’s tariff plans could reignite inflationary…

EUR/USD Dips as Technical Resistance at 1.06 Proves Too Strong on Friday Introduction EUR/USD kicked Friday off with a mild rally into the 1.0600 handle as broader markets took advantage of the US holiday session to sell off the Greenback and bid up riskier assets. However, another contraction in key pan-European inflation figures pulled the…