Forex News

GBP/USD Churns Near 1.2600 Handle Amid Thin Gains Market Flows Fail to Bolster Pound Sterling The GBP/USD chart paper has been churning near the 1.2600 handle, with the currency pair finding thin gains through the day’s market window. However, despite the positive movement, the Pound Sterling has failed to recapture the technical level as market…

Welcome to my quirky corner of the internet! EUR/USD to parity by mid-2025? Let’s break it down! So, I recently stumbled upon an interesting note from RaboBank that argues for EUR/USD to hit parity by mid-2025. Now, I don’t know about you, but the world of forex trading can sometimes feel like a whirlwind of…

Prossionally Educated Blog Post on the AUD/USD Pair The AUD/USD pair surrenders a majority of its intraday gains After facing selling pressure near the intraday high of 0.6550 in Monday’s North American session, the Aussie pair drops despite the US Dollar (USD) wobbling near the intraday low. This suggests that the Australian Dollar (AUD) is…

EUR/USD Holds Recovery Near Psychological Resistance Monday’s European Session Update EUR/USD is holding its recovery near the psychological resistance of 1.0500 in Monday’s European session as the US Dollar (USD) slumps. The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, tumbles at around 107.00 after the selection of fund manager…

USD/CHF Corrects Downwards After Hitting Four-Month High Market Overview The USD/CHF currency pair has corrected downwards after reaching its four-month high of 0.8957 in the previous session. It is currently trading around 0.8910 during the Asian session on Monday. The US Dollar (USD) is facing downward pressure due to bond market optimism following President-elect Donald…

Gold Price Retreats After Touching Nearly Three-Week High Why Gold Prices are Fluctuating Gold bugs everywhere were on the edge of their seats as the price of gold (XAU/USD) made a swift retreat after reaching a nearly three-week high of around $2,721-2,722 during the Asian session on Monday. It seemed like gold was on a…

The Diverging Paths of the US Dollar and Euro What the Analysts Say Currency analysts at Rabobank are warning of diverging performances between the US Dollar and Euro. The strength of the USD is being driven by the “Trump trade,” resilience in the US economy, and uncertainties over further Fed rate cuts. While they foresee…

Get Ready for Gold’s Local Peak: TDS Predicts Imminent Rise The recent downturn in Gold prices The recent downturn in Gold prices has caused concern among investors and traders alike. Sharp liquidations from macro funds have contributed to the decrease in Gold’s value. However, according to TDS’ Senior Commodity Strategist Daniel Ghali, this downturn may…