Forex News

Gold Price Holds Steady Amid Geopolitical Tensions Market Overview The price of gold (XAU/USD) opened the new week on a slightly lower note, continuing to trade within a narrow range. Despite the minor dip, gold remains within reach of the all-time high reached last Thursday. This comes as geopolitical tensions in the Middle East have…

The British Pound Continues to Rise The British Pound showed strength once again this past week, marking its second consecutive weekly advance. The currency broke out to fresh yearly highs in September, but faced resistance that capped its rally. While the overall trend still seems bullish, there are signs of potential exhaustion and a shift…

The USD/JPY Outlook Amidst Recent Events Introduction The USD/JPY outlook changed materially last Friday with a new Japanese Prime Minister and soft US core PCE inflation report sending it careening through multiple supports as Fed rate cut bets swelled. With a raft of fresh US labour market indicators to digest this week, headlined by the…

The Impact of US Core PCE Data on Market Volatility What to Expect Next Week ISM Manufacturing and Services PMIs After today’s release of the US Core PCE data, investors are looking ahead to next week’s ISM manufacturing and services PMIs, which are expected to inject volatility into the markets. The ISM Manufacturing PMI has…

Welcome to the Currency Corner! The Pound to Dollar exchange rate reaches 31-month highs! What does this mean for you? So, you may have heard the news – the GBP/USD exchange rate has soared to 1.34, its highest level in over 2 and a half years. How did this happen, you ask? Well, it’s a…

The Impact of EUR/GBP Exchange Rate on Global Economy EUR/GBP retraces its recent losses EUR/GBP has seen a slight rebound, trading at around 0.8340 during Friday’s Asian hours. This comes after a period of decline, driven by concerns over the Euro’s weak performance against major currencies. The European Central Bank’s possible decision to lower the…

USD/JPY Soars to 3-Week Highs After Tokyo Inflation Data What’s Going On? Well, folks, it looks like USD/JPY is on a wild ride lately. The pair has skyrocketed well above its Thursday high, hitting a 3 week high around 145.50 and change. And why, you ask? It all started with some juicy data from Japan:…

EUR/USD Breaks Out of Triangle Pattern, Big Moves Ahead Summer Rally The EUR/USD pair has been showing signs of strength during the summer months, with the price possibly breaking out of a triangle pattern on higher time frame charts. As the market broke above the key resistance level of 1.1140, it seems that some big…