Forex News
Unlocking the Potential: UBS Predicts Gold to Reach $2900 in USD – A Promising Outlook for Investors
UBS Gold Forecasts Point Towards Continued Growth Amidst Rising Middle East Conflict Recently, UBS released a note predicting a positive outlook for gold, with forecasts indicating an increase in value towards the end of 2024 and into 2025. The note specifically mentions a forecast of gold reaching USD 2,750 by Q4 2025, with further potential…
Gold Rebounds on Geopolitical Tensions, but Limited by Powell’s Remarks
Gold Rebounds on Geopolitical Tensions, but Limited by Powell’s Remarks Introduction Gold (XAU/USD) has seen a slight recovery, trading in the $2,640s per troy ounce on Tuesday. This comes after the Israeli army initiated a ground invasion of Lebanon, leading to increased geopolitical tensions and a rise in safe-haven demand for Gold. Additionally, the impact…
USD/CAD Holds Steady Above 1.3500 as US Data Week Approaches: A Look at the Upcoming Market Activity
Trading Insights: USD/CAD Tight Range Above Psychological Support The USD/CAD pair trades in a tight range above the psychological support of 1.3500 in Tuesday’s European session. The Loonie asset turns sideways as investors await the United States (US) labor market and the Purchasing Managers’ Index (PMI) data, which will indicate whether the Federal Reserve (Fed)…
Stuck in a Rut: EUR/USD Goes Nowhere Fast as Eurozone CPI and US Macro Data Loom Ahead
Struggles of the EUR/USD Pair A Funny Look at the World of Forex Trading So, you’re sitting at your computer, sipping your coffee, and trying to make sense of the chaotic world of Forex trading. The EUR/USD pair is giving you a headache with its constant struggles to gain traction. I mean, come on, can’t…
Shining Bright: Silver Price Forecast Shows XAG/USD Reaching New Heights at 3130-3135 Area, Staying Below 236 Fibo Level
Shining Bright: Silver Price Forecast Shows XAG/USD Reaching New Heights at 3130-3135 Area, Staying Below 236 Fibo Level Description: Silver (XAG/USD) gains some positive traction during the Asian session on Tuesday and moves away from a multi-day low, around the $30.90-$30.85 region touched the previous day. The white metal currently trades around the $31.35 region,…
Get Ready for a Charming and Engaging Read: NZD/USD Set to Soar Above 0.6370, According to UOB Group
Charmingly eccentric, full of personality, and designed for maximum reader engagement The New Zealand Dollar (NZD) Technical Analysis The New Zealand Dollar (NZD) is currently trading at a crucial juncture against the US Dollar. According to UOB Group FX analysts Quek Ser Leang and Lee Sue Ann, the NZD could test the resistance at 0.6370…
Innovative, Articulate, and Easy-to-Follow: A Professional Guide to Navigating the USD/JPY Forecast for Non-Farm Payroll Week
USDJPY Forecast: DXY Weakness Faces Key Test The DXY’s weakness is set to face a key test this week with the release of leading US economic indicators and non-farm payroll reports As the USDJPY pair continues to hover near critical support levels, traders and investors are closely watching for any signs of a potential decline…
Unlocking the Secrets of EUR/USD: A Heartfelt Look at the Flat Lines Below 1.1200 and What Lies Ahead with German Consumer Inflation Data
The EUR/USD pair struggles to gain momentum Market Analysis The EUR/USD pair is currently facing challenges in capitalizing on Friday’s modest rebound from the 1.1125-1.1120 support area. As the new week begins, spot prices are trading around the 1.1160 area, almost unchanged for the day. Traders are eagerly awaiting the release of the flash German…