The Japanese Yen (JPY) fluctuated between small losses and slight gains against the US dollar, with the USD/JPY pair trying to stabilize around the 156.15-156.20 range during the early European trading session on Monday. Core machinery orders in Japan increased for the second consecutive month, signaling further recovery in capital spending. This, along with bets...
During the European session on Monday, EUR/USD regained the 1.0300 level, benefiting from market optimism and a weakening US dollar. Investors are currently preparing for the inauguration of President-elect Donald Trump, which has boosted positive sentiment and led to a decline in the greenback. The market's focus on important political and economic events has...
Gold prices reversed their Asian session decline on Monday as the US dollar weakened slightly. Expectations that the Fed may pause its rate-cutting cycle could limit the upward momentum of XAU/USD amidst a positive risk sentiment. Traders are now focusing on President-elect Donald Trump's inauguration speech for new market drivers.
The short-term technical...
