Forex News

Gold (XAU/USD) Recovers Above $2,600 After November Sell-Off Gold (XAU/USD) is currently trading just above $2,600 on Wednesday after a significant sell-off in November, which saw the precious metal dip to seven-week lows before finding technical support at a major trendline. The recent price action in gold comes as markets eagerly await the release of…

USD/JPY Climbs to Three-Month High Following Trump’s Election Victory The USD/JPY currency pair has reached a three-month high of 154.87 The USD/JPY currency pair has climbed to a three-month high of 154.87, driven by the strengthening US dollar following Donald Trump’s election victory. This surge comes as markets anticipate that Trump’s protectionist policies will bolster…

Gold Price Shows Signs of Recovery The price of gold (XAU/USD) has been attracting some buyers during the Asian session on Wednesday, breaking a three-day losing streak. The precious metal had fallen to its lowest level since September 20, touching the $2,590-$2,589 region the previous day. This sudden uptick in gold prices seems to have…

The Impact of UK Unemployment Rate on GBP/USD Introduction On Tuesday, GBP/USD lost almost a full percent following mixed UK labor figures. Despite the positive numbers, all eyes were on the steeper-than-expected increase in the UK Unemployment Rate, causing Cable traders to panic. Additionally, a broad-market bullish recovery in Greenback flows further contributed to the…

GBP/USD Price Forecast: A Dive Below the 200-Day SMA and 1.2800 – A Heartfelt Analysis The Pound Sterling’s Recent Plummet It was a tough day for the Pound Sterling as it plummeted more than 0.60% on Tuesday. The reason behind this sharp decline was mixed labor market data coming out of the UK. While the…

EUR/USD Plummets to Nearly Seven-Month Low The Eurozone Faces Uncertainty as EUR/USD Hits 1.0620 As EUR/USD dipped below 1.0620 in Tuesday’s European session, concerns over the Eurozone export sector outlook have been reignited. The major currency pair has been experiencing intense selling pressure, largely stemming from President-elect Donald Trump’s campaign promise to raise import tariffs…

The EUR/AUD Cross: A Closer Look The Ups and Downs During the Asian session on Tuesday, the EUR/AUD cross saw some buyers stepping in, leading to a reversal of a portion of the previous day’s slide. However, this uptick lacks strong bullish conviction. Currently, spot prices are hovering around the 1.6235-1.6240 region, showing a modest…

Gold Price Plummets Amid Strong Dollar The Impact of US Fed’s Cautious Approach and Trump’s Economic Policies Gold price (XAU/USD), after recording its steepest weekly decline in over five months, fell over 2% on Monday and dived to its lowest level since October 10 amid strong follow-through US Dollar (USD) buying. Traders anticipate a cautious…