Gold Price Languishes at Lowest Level Since July Overview The Gold Price (XAU/USD) is currently languishing at the lowest level since July 12, hovering around $1,935 after breaking through the $1,945 support confluence. This drop comes as bears reflect on their losses, with a slew of United States statistics set to be released on Thursday….
The Mexican Peso Weakens as USD/MXN Exchange Rate Strengthens What’s Happening to the Mexican Peso? It’s a rollercoaster of a day for the Mexican Peso (MXN), as it weakens during the North American session. The USD/MXN exchange rate is looming around 17.0000, marking a significant gain since July 21, 2023. Currently, the USD/MXN is trading…
Feeling the Pressure: AUD/USD Pair Continues to Drop Under Pressure It’s hump day and the AUD/USD pair is feeling it. The selling pressure has been relentless for the past two days, with no signs of relief in sight. As the early European session kicks off, spot prices are dropping to a near two-month low, hovering…
Feeling The Financial Rollercoaster: A Trader’s Tale USD/JPY Pair Reaches Three-Week High Picture this: you’re sitting at your desk, sipping on your morning coffee, watching the USD/JPY pair make its moves on the chart. Suddenly, it’s like a rollercoaster ride – the pair bounces from the 138.00 neighborhood and climbs to over a three-week high…
Feeling the Impact: Gold Prices Drop as US Dollar Gains Strength Ahead of Manufacturing PMI Emotional Rollercoaster for Gold Investors As a gold investor, seeing the price of gold drop can be emotionally taxing. The uncertainty in the market, coupled with the increase in the value of the US dollar, has led to a significant…
AUD/USD Pre-Event Inaction Around 0.6715-20 Waiting for RBA’s Interest Rate Decision Market Overview: AUD/USD portrays the typical pre-event inaction around 0.6715-20 during early Tuesday morning in Asia as the Aussie traders await the Reserve Bank of Australia’s (RBA) Interest Rate Decision with mixed feelings. That said, the presence of China Caixn Manufacturing for July and…
Feeling the Ups and Downs of the AUD/USD Pair Keep up with the latest trends in the Forex market Have you been keeping an eye on the AUD/USD pair lately? If so, you may have noticed some interesting movements in the late European session. The pair has been pushing past the resistance level of 0.6200,…
The Rollercoaster Ride of Gold Prices Feeling the Pressure Gold price (XAU/USD) action is correcting on Monday after sensing resistance above $1,960.00. The robust performance of the United States in the April-June quarter reinforces the need for more interest-rate hikes from the Federal Reserve (Fed). The precious metal is under pressure as the US Dollar…
