The Gold Market: Rebound and Consolidation At the end of the week, the XAU/USD Gold spot slightly recovered to $1,890, but it is still poised for a 1% weekly decline, its fourth weekly loss in a row. The Ups and Downs of Gold Trading Gold prices have been on a rollercoaster ride this week, with…
GBP/USD Update: UK Data Disappoints, Causing Hesitation for Pound Buyers Overview of the Situation On Friday morning, the GBP/USD currency pair took a hit as UK retail sales data revealed a much larger than expected drop. Retail sales fell by 3.2% in July, following a 1.6% decrease in June. This significant decline surpassed forecasts for…
USD/CAD Languishes at Highest Level Since June 01 Market Overview The USD/CAD pair has been languishing at the highest level since June 01, with recent easing from the multi-day top. Market players are currently seeking more clues to defend the five-day uptrend heading into Friday’s European session. In this scenario, the Loonie pair is justifying…
The AUD/USD pair gains traction after hitting November 2022 low Building on the bounce The AUD/USD pair is showing signs of recovery following a dip to its lowest level since November 2022, hovering around the 0.6365 area. The pair has started to gain some positive momentum during the Asian session on Friday, pushing spot prices…
USD/JPY Struggles to Maintain Momentum Market Sentiment Shifts as Yen Gains Ground Technical Analysis Impacts Trader Behavior USD/JPY has faced downward pressure for the second consecutive day as it retreats from its Year-To-Date high of 145.50. The lackluster end to the week has left market players seeking more clues, contributing to the pair’s recent weakness….
The Curious Case of EUR/USD: A Rollercoaster Ride What’s Going On? EUR/USD seems to be stuck in a never-ending loop, struggling to gain any recovery momentum despite bouncing off multi-day lows. The pair is currently hovering around 1.0870-75 in the early hours of Friday’s Asian session, after hitting a six-week low the day before. It’s…
Welcome to the Rollercoaster Ride of the Australian Dollar Oh, the life of the Australian dollar – always dancing around like a kangaroo on a sugar rush. Just when you thought it was going to bounce back up, it takes a nosedive and hits the lowest point since early November. What’s got our Aussie currency…
The GBP/JPY Cross: A Look at Current Market Trends Analyze of Recent Price Movements The GBP/JPY cross has recently experienced a slight decline after reaching its highest level since November 2015, hitting around the 186.45 area. This occurred on Thursday, and the cross continues to trade with a mild negative bias during the early stages…
