Forex News
Gold Price Bounces Back from Multi-Week Low, Surpasses $2,640 Level: A Promising Recovery
Gold Price (XAU/USD) Gains Positive Traction Overview Gold price (XAU/USD) is building on the previous day’s mixed US macro data-inspired recovery from the $2,600 neighborhood or a nearly three-week low and gaining positive traction for the second straight day on Friday. US data published on Thursday showed that the annual rise in the headline US…
Riding the Storm: USD/JPY and Gold Forecast – How Hurricane Disruptions Could Shake Up the US Dollar
The Impact of Weak Data on US Bond Yields and the Dollar Introduction As we head into the next week, the Federal Reserve has made it clear that the jobs market will play a crucial role in determining the future outlook for interest rates. However, with the possibility of weak data on the horizon, we…
Gold Prices Rebound as Federal Reserve Adopts a More Cautious Tone
Blog Post Article: Gold (XAU/USD) Trades Back in the $2,610s On Thursday, Gold (XAU/USD) price action saw a temporary correction, trading back in the $2,610s following the release of US inflation and jobs data. The latest inflation data revealed upside price pressures, indicating a potential increase in consumer prices. However, the labor market data showed…
Silver Price Forecast: XAG/USD Consolidates Around Mid-$3000s, But Still Not Out of the Woods Yet
Understanding the Intriguing Movement of Silver (XAG/USD) Current Scenario Silver (XAG/USD) lacks any firm intraday direction on Thursday and oscillates in a narrow trading band around mid-$30.00s through the first half of the European session. The white metal remains within the striking distance of a nearly three-week low touched on Tuesday and seems vulnerable to…
USD/CAD Maintains Steady Position Above 1.3700 as Bulls Exercise Caution Ahead of US Consumer Inflation Data
The USD/CAD Pair Reverses Asian Session Dip and Eyes 1.3700 Resistance Level Current Market Situation The USD/CAD pair has reversed an Asian session dip and is currently trading just above the 1.3700 round figure. This puts the pair within striking distance of its highest level since August 16, which was touched the previous day. The…
Japanese Companies Predict USD/JPY to Remain in 140-150 Range Until March 2025
The Reuters survey finds that Japanese companies are facing earnings headwinds Rising costs and sluggish sales weighing on performance A recent survey conducted by Reuters has revealed that Japanese companies are currently facing significant challenges when it comes to meeting their earnings targets. In fact, 36% of Japanese firms expect to miss their first-half earnings…
EUR/USD: Navigating a Tightrope at 1.0950 Ahead of FOMC Meeting and US Inflation Data
EUR/USD: Navigating a Tightrope at 1.0950 Ahead of FOMC Meeting and US Inflation Data The Challenge of EUR/USD at 1.0950 EUR/USD walks on a thin rope near the eight-week low of 1.0950 in Wednesday’s New York session. The major currency pair remains under pressure as the US Dollar (USD) extends its previous week’s rally further,…
NZD/USD Plummets to 7-Week Low: RBNZ Rate Cuts and Sell-Off Continue to Impact
The Impact of RBNZ’s Decisions on NZD/USD Pair Market Analysis The NZD/USD pair has dropped to a seven-week low, touching 0.6091, as the sell-off that started on 1 October continues to intensify. The New Zealand dollar’s weakness is largely attributed to the Reserve Bank of New Zealand’s (RBNZ) recent decisions to lower interest rates in…