Forex News

Gold Prices Reach Record Highs Amid Political Uncertainty What is Causing the Surge in Gold Prices? The price of gold, XAU/USD, has soared to new heights in the wake of increased demand for safe-haven assets amidst the backdrop of US political uncertainty. This surge can be attributed to a combination of factors, including the upcoming…

Gold Soars Ahead of Major US Events: A Technical Analysis by XM Research Introduction Gold is trading higher again today, recording a new all-time high, following a very strong performance on Tuesday. This move could be attributed to the dollar being slightly on the back foot today, but, most likely, the incoming key US data…

Understanding the GBP/JPY Market Movement The GBP/JPY Cross Edges Lower The GBP/JPY cross edges lower during the Asian session on Wednesday and erodes a part of the previous day’s gains to over a three-month peak, around the 199.70 region. Spot prices, however, lack follow-through selling and manage to hold above the 199.00 mark as trades…

The Strength of USD/CAD Pair USD/CAD Pair Trading Near 1.3920-1.3925 Region During the Asian session on Wednesday, the USD/CAD pair is seen trading near its highest level since August 5, around the 1.3920-1.3925 region. This signifies a prolonged upward trajectory that has been witnessed over the past month or so. Several factors are contributing to…

Feeling the Pulse of the GBP/AUD Exchange Rate Trading at AU$1.9742 As the GBP/AUD exchange rate hovers around AU$1.9742, showing a slight increase of 0.2% from Thursday’s opening rate, traders and investors are keeping a keen eye on the movements of these two major currencies. The Australian Dollar (AUD) faced challenges on Tuesday as it…

The Impact of the Canadian Dollar (CAD) Performance on the Economy Understanding the Current Situation The Canadian Dollar (CAD) is marginally higher on the day so far. Slightly firmer risk appetite and a small rebound in crude oil prices are helping at the margin but, absent some real improvement in spreads, which are the drain…

The AUD/USD pair under selling pressure Impact of US Dollar buying on AUD/USD The AUD/USD pair has been experiencing a downward trend for the third consecutive day, reaching its lowest level since August 8. The pair is currently trading closer to mid-0.6500s during the first half of the European session. This decline can be attributed…

The NZD/USD pair steadies near 0.5980 during the Asian session on Tuesday after two days of losses Downside Risks for the New Zealand Dollar (NZD) Remain The NZD/USD pair has been hovering around the 0.5980 mark in the Asian session on Tuesday, showing signs of consolidation after facing losses for two consecutive days. However, the…