USD/JPY could not sustain the earlier bull run to the 153.00 region, succumbing to the prevailing BoJ-induced appreciation of the Japanese yen and thus returning to the 152.30-152.40 band amidst lower US yields across the curve ahead of Friday's US NFP.
The US Dollar manages to rebound from earlier lows, prompting EUR/USD to surrender part of its initial advance to the vicinity of the 1.0900 region as investors shigt their attention to the upcoming critical US labour market report on Friday.
Gold pulls away from the all-time-high it set near $2,790 earlier in the day and trades at around $2,780. With the US Dollar struggling to find demand after mixed macroeconomic data releases, however, XAU/USD's downside remains limited.
1.3000 GBP/USD trades marginally higher but remains below 1.3000 on Tuesday. The weaker-than-forecast JOLTS Job Openings data from the US limits the US Dollar's (USD) strength but the cautious market stance doesn't allow the pair to gather bullish momentum.
The US Dollar has resumed its upside trend and is testing mid-term highs at 153.90. The uncertain political and monetary scenario in Japan is hammering the Yen. The broader bias is positive but a bearish divergence warns of a potential correction.
EUR/USD preserves its recovery momentum and trades in positive territory above 1.0800 on Monday. In the absence of high-tier data releases, the improving risk mood makes it difficult for the US Dollar to find demand and helps the pair edge higher.
Gold holds on to modest intraday gains but trades below Friday’s close and within familiar levels. XAU/USD daily chart shows moving averages keep heading north far below the current level, with the 20 Simple Moving Average (SMA) accelerating higher, in line with buyers’ dominance. Technical indicators, on the contrary, offer neutral-to-bearish slopes holding...
Gold price meets with some supply on Friday and erodes a part of the previous day's gains amid the emergence of US Dollar (USD) dip-buying, bolstered by expectations for a less aggressive policy easing by the Federal Reserve.
Gold price retreats from the all-time-high it set near $2,560 earlier in the day and trades slightly below $2,720. Rising US Treasury bond yields and the unabated US Dollar (USD) strength makes it difficult for XAU/USD to hold its ground midweek
Gold price retreats from the all-time-high it set near $2,560 earlier in the day and trades slightly below $2,720. Rising US Treasury bond yields and the unabated US Dollar (USD) strength makes it difficult for XAU/USD to hold its ground midweek.
Gold could further shine as the members of the BRICS bloc meet for their annual summit in Russia. With de-dollarization on the agenda, a new Gold-backed currency for use by the BRICS is likely to at the top of list of options, leading to further likely upside for the precious metal, according to FXEmpire's James Hyerczyk.
Gold trimmed early gains and hovers around $2,720 a troy ounce, as resurgent US Dollar demand weighs on the safe-haven metal. Resurgent US Treasury yields add to the picture as well as looming US elections.
Gold price trend to continue Down during session It is expected that price will continue down trend And approach the price range of 2350 Gold price now 2347 TP1: 2335 TP2: 2420 TP3: 2385 Always wish you to manage your capital safe Take small lots of which suits your capital The winner is the one who sticks with the market Give us like and support us
Gold price trend to continue buy during session It is expected that price will continue up trend And approach the price range of 2350 Gold price now 2315 TP1: 2335 TP2: 2450 TP3: 2490 Always wish you to manage your capital safe Take small lots of which suits your capital The winner is the one who sticks with the market Give us like and support us
Gold price trend to continue buy during session It is expected that price will continue up trend And approach the price range of 2350 Gold price now 2314 support zone 2303 TP1: 2340 TP2: 2470 TP3: 2491 Always wish you to manage your capital safe Take small lots of which suits your capital The winner is the one who sticks with the market Give us like and support us
Gold price trend to continue buy during session It is expected that price will continue up trend And approach the price range of 2350 Gold price now 2381 Limit trade on buy 2369 TP1: 2400 TP2: 2430 Always wish you to manage your capital safe Take small lots of which suits your capital The winner is the one who sticks with the market Give us like and support us
Gold price trend to continue buy during session It is expected that price will continue up trend And approach the price range of 2350 Gold price now 2392 TP1: 2410 TP2: 2430 TP3: 2489 Always wish you to manage your capital safe Take small lots of which suits your capital The winner is the one who sticks with the market Give us like and support us
Gold price trend to continue buy during session It is expected that price will continue up trend And approach the price range of 2350 Gold price now 2378 TP1: 2410 TP2: 2444 TP3: 2470 Always wish you to manage your capital safe Take small lots of which suits your capital The winner is the one who sticks with the market Give us like and support us