KingForex078

KingForex078 Updated 

Gold price (XAU/USD) struggles to capitalize on its modest intraday gains to the $2,600 neighborhood, though it manages to hold in positive territory through the early part of the European session on Monday. Investors remain hopeful that US President-elect Donald Trump's touted expansionary policies will boost inflation and limit the scope for further interest...

KingForex078 Updated 

Bitcoin prices have continued their impressive run today breaching the 90000 mark for the first time. The world’s largest cryptocurrency is now up around 30% since election day and a 121% YTD as the new generations ‘digital gold’ continues its ascent. The greed around crypto markets is evident at present, can you blame the hodlers? There does seem to be somewhat...

KingForex078 Updated 

Gold extended its decline, breaking below a major trendline and reaching new lows in the $2,530s on Thursday, after a combination of higher US factory-gate inflation data, lower US unemployment claims data and upbeat commentary from Fed Chairman Powell. Gold bounces off its (blue) 100-day Simple Moving Average (SMA) and attempts a recovery. Still, the precious...

KingForex078

EUR/USD remains in positive ground on Friday, as profit-taking hit the US Dollar ahead of the weekend. Still, Powell's hawkish shift and upbeat United States data keeps the Greenback on the bullish pathFurther losses could see EUR/USD testing its 2024 low at 1.0495 (November 14), before the 2023 bottom at 1.0448 (October 3). On the upside, immediate resistance...