Alex_Boltyan_FXAnalyst

Alex_Boltyan_FXAnalyst

Gold prices edged higher to start July, with the US dollar suffering on the back of disappointing manufacturing sector data. At the time of writing, the spot price, XAU/USD, is trading at the $1,920 zone, 0.10% above its opening price, extending last week's bounce from three-month lows of sub-$1,900 an ounce. US markets closed early on Monday and will remain...

Alex_Boltyan_FXAnalyst

The EUR/USD pair came under pressure on Thursday and broke below the 1.0900 level to touch its lowest level in six days following the release of better-than-expected US data and another round o hawkish comments from the Fed Chair. At the time of writing, the EUR/USD pair is trading at the 1.0875 area, 0.36% below its opening price, posting its second daily...

Alex_Boltyan_FXAnalyst

Gold prices dropped for a second day in a row on Wednesday as recent (but not new) hawkish comments from Federal Reserve Chair Jerome Powell boosted the US dollar weighing on the yellow metal. At the time of writing, spot gold price, XAU/USD, is trading at $1,912 an ounce, just below its opening price, after hitting a three-and-a-half-month low of $1,902...

Alex_Boltyan_FXAnalyst

The EUR/USD pair advanced considerably on Tuesday and approached the 1.0970 resistance area underpinned by hawkish comments from European Central Bank (ECB) President Christine Lagarde, while the improved market mood also kept the dollar under pressure. At the time of writing, the EUR/USD pair is trading at the 1.0960 zone, up 0.52% on the day, after reaching a...

Alex_Boltyan_FXAnalyst

Gold prices edged slightly higher on Monday after visiting three-month lows last week, as investors continue to reassess monetary policy expectations following hawkish hints from the Federal Reserve. At the time of writing, the spot price, XAU/USD, is trading at the $1,923 an ounce zone, just a few bucks above its opening price, having retreated from a daily...

Alex_Boltyan_FXAnalyst

The EUR/USD pair retreated on Thursday after hitting six-week highs during the European session amid a broad-based dollar pullback. However, the US currency bounced at the beginning of the New York session after Federal Reserve Chair Jerome Powell's second-day testimony before the US Congress. At the time of writing, the EUR/USD pair is trading at the 1.0965...

Alex_Boltyan_FXAnalyst

Gold price extended its decline on Wednesday, charting the fourth red daily candle in a row, as the yellow metal struggles to find demand following the Federal Reserve's hawkish skip last week. At the time of writing, the spot price, XAU/USD, is trading at the $1,930/oz area, 0.30% below its opening price. Investors continue to assess last week's Fed decision...

Alex_Boltyan_FXAnalyst

The EUR/USD pair is moving a tad lower on Tuesday after two consecutive daily declines as US traders return to their desks following Monday's holiday. At the time of writing, the EUR/USD pair is trading at the 1.0920 zone, a few pips below its opening price, having pulled back from a daily peak of 1.0946 struck during the European session. The euro benefitted in...

Alex_Boltyan_FXAnalyst

Gold prices trade little changed on Monday as investors continue to ponder last week's central banks' decisions while US markets are closed in observance of the Juneteenth holiday. At the time of writing, the spot price, XAU/USD, is trading at the $1,950/oz area, 0.29% lower on the day. From a broader perspective, the XAU/USD has spent the last few weeks in a...

Alex_Boltyan_FXAnalyst

The EUR/USD pair reached a fresh one-month high on Friday and is headed to post its second weekly advance in a row following the Federal Reserve (Fed) and the European Central Bank (ECB) decisions on monetary policy. At the time of writing, the EUR/USD pair is trading at the 1.0925 area, slightly down on the day but on track to post a 1.7% weekly advance. On...

Alex_Boltyan_FXAnalyst

The EUR/USD pair extended gains into a fourth consecutive day on Thursday following the European Central Bank's (ECB) decision to raise its main rates by 25 basis points, as expected. At the time of writing, the EUR/USD pair is trading at the 1.0880 area, recording a 0.7% daily gain, having touched its highest level in a month at 1.0894. The European Central...

Alex_Boltyan_FXAnalyst

Gold prices fell sharply and erased intraday gains following the Federal Reserve's decision to skip a rate hike on Wednesday. At the time of writing, the spot price, XAU/USD, is trading at the $1,945 area, little changed on the day, having pulled back from an intraday peak of $1,960 an ounce. The Federal Open Market Committee (FOMC) announced its decision to...

Alex_Boltyan_FXAnalyst

Gold prices edged lower for a third day in a row on Tuesday, even though lower-than-expected US inflation data cemented expectations that the Federal Reserve will refrain from hiking rates on Wednesday. At the time of writing, gold spot price, XAU/USD, is trading at the $1,945/oz area, 0.59% below its opening price and printing the third daily decline in a row....

Alex_Boltyan_FXAnalyst

The EUR/USD pair shows no directional bias at the start of an eventful week as investors refrain from taking significant positions ahead of the United States consumer inflation data (Tuesday) and the Federal Reserve monetary policy decision (Wednesday). At the time of writing, the EUR/USD pair is trading at the 1.0750 zone, virtually unchanged on the day, having...

Alex_Boltyan_FXAnalyst

Gold prices pulled back slightly on Friday but posted the second weekly gain in a row as expectations that the Federal Reserve will pause rate increases continued to take a toll on the US dollar. At the time of writing, the spot price, XAU/USD, is trading at the $1,960/oz area, down 0.23% on the day but posting a 0.65% weekly advance. The greenback is torn...

Alex_Boltyan_FXAnalyst

The EUR/USD pair posted solid gains on Thursday as the US dollar weakened across the board following softer-than-expected US jobs data. At the time of writing, the EUR/USD pair is trading at the 1.0780 area, marking a 0.78% daily increase and its second consecutive advance. The US dollar faces pressure as speculations grow that the Federal Reserve will halt its...

Alex_Boltyan_FXAnalyst

Gold prices edged lower on Wednesday, with the spot XAU/USD approaching a critical short-term support as investors ponder the probability that the US Federal Reserve will pause its tightening cycle when the board meets next week. At the time of writing, the XAU/USD pair is trading at the $1,940/oz area, down over 1% on the day, and challenging the 100-day simple...

Alex_Boltyan_FXAnalyst

The EUR/USD pair recovered ground on Thursday after touching its lowest level in over two months the previous day as expectations surrounding the Federal Reserve decision shifted to dovish while investors cheered with optimism the US House of Representatives passing the debt-ceiling bill. At the time of writing, the EUR/USD pair is trading at the 1.0750 zone, up...