Forex News

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…

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…