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The EUR/USD extended its Thursday gains and remained in positive territory, trading near 1.1100 during Friday's U.S. session. Despite upbeat consumer sentiment data for September, the U.S. dollar struggled to maintain its strength, allowing the pair to push higher.

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Gold price increased sharply at the end of the 6th session, peaking at $ 2578 before slight adjustments. USD weakened and reduced bond yields have supported new record gold. The market is increasingly expecting a strong move from the Fed, pushing the USD to the lowest level this year. Technically, gold broke the $ 2525 resistance and was gently adjusted to...

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Gold prices are showing strong signs of recovery after last Friday’s highly volatile session. Currently, gold remains stable within its trading range, hovering around the 2,500 USD level on the charts, demonstrating the resilience of this precious metal against external impacts. Despite a sharp drop in prices last week, buying pressure remains dominant, keeping...

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Global gold price is impressive growth, with spot gold spot an additional $ 47.5, reaching US $ 2,568.3 per ounce. This precious metal has increased by more than 1% and reached a record high on Thursday, as investors increasingly expect that the US Federal Reserve (Fed) will strongly cut interest rates. This prediction is motivated by the latest economic data,...

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EUR/USD is holding steady near 1.1050 as a weaker U.S. dollar, influenced by USD/JPY, supports the pair. However, gains might be limited due to dovish ECB expectations. Traders are watching the U.S. CPI data closely, as it could determine the next move. Technically, a break above the trendline resistance is needed for further recovery, while a failure could offer...

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Gold prices remained steady above the key psychological level of $2,500 on Thursday, as core inflation in the U.S. showed signs of stabilizing, tempering expectations for more aggressive easing from the Federal Reserve. This development pushed the USD closer to its monthly high, slightly limiting the upward momentum of XAU/USD. From a technical standpoint, the...

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Hello everyone! The GBP/USD pair continues to undergo strong pressure, currently trading is nearly 1,3045 when the market responds to the latest American inflation data. Report on economic activity at the European session also put more significant pressure on the pound. Despite the decrease in total inflation, both CPI and CPI core increased beyond expectations,...

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Hello everyone! The EUR/USD is holding modest gains around 1.1050 during Tuesday’s European session. Reduced expectations for a 50 bps rate cut by the Fed are giving a boost to the US dollar amid cautious market sentiment, while the Euro struggles due to dovish expectations from the ECB. Recent reports indicate growing division among ECB policymakers regarding...

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The EUR/USD pair continues to extend the weekly discount chain, reaching 1,1001 on Wednesday, before recovery slightly but it still has not been able to regain a rising momentum. In the upcoming Asian session, this pair of money is expected to fluctuate around 1,1020, with the general market psychology still in favor of the downtrend, due to the lack of motivation...

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GBP/USD has slipped below 1.3100 during European trading, losing its earlier momentum after disappointing UK data. The British economy stagnated in July, while industrial output unexpectedly declined, adding pressure on the Pound and driving GBP/USD lower.

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Global gold prices may see a brief dip, but they are expected to remain stable around the $2,500/ounce mark, signaling that the bullish trend could continue. Currently, gold is trading within a narrow range, close to its all-time high, without any major signs of a significant downturn. The current market conditions don’t support a bearish outlook for gold. The...

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Gold price maintained over 2,500 USD/ounce on Tuesday when the market waits for inflation data from the US. With the expected CPI, high possibility of gold will attract more buying force, especially when the Federal Reserve will cut interest rates next week. The gold is currently around $ 2,520, and if it is over 2,525 - 2,530 USD, the market may witness a...

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GBP/USD continues its downward extension below the 1.3100 mark in the European session on Monday, as pressure from renewed US Dollar strength intensifies. Concerns about the potential recession in the US economy have made investors more cautious ahead of key inflation data to be released later this week. From a technical perspective, GBP/USD has exited the...

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EUR/USD is trading near 1.1100 during the US session on Friday. Although the risk-off market sentiment limited the pair's upside, dovish comments from Fed officials and a disappointing US jobs report helped the pair hold its ground, keeping EUR/USD above key support at 1.1039.

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The EUR/USD pair is currently attempting to regain momentum following the previous session's drop, trading around 1.1090 during the Asian session on Monday. However, the upward potential may be limited, as recent inflation data from the Eurozone has strengthened expectations that the European Central Bank (ECB) will proceed with an interest rate cut in the...

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Hello gold traders, let’s dive into today’s gold price action! Currently, gold is in a consolidation phase, stuck below the major resistance level of $2525, with the price range still unbroken. However, looking at the bigger picture, this precious metal remains in an upward channel, and I’m betting on a bullish breakout, especially with yesterday's news favoring...

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EUR/USD found new momentum during the pullback caused by greenback data, recovering to the 1.1100 level amid expectations that the Fed may cut interest rates by 50 basis points in September. The pair has dropped back to short-term technical barriers, but bidders continue to emerge to keep bids balanced even though they have not been able to execute a bullish...

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Hey everyone, it’s Brian here! So, what do you think – should we buy or sell gold today? Yesterday, after some key news releases, gold managed to bounce back and break through the critical psychological level of $2500. However, from a long-term perspective, gold is still trading within a range and hasn’t shown any decisive breakout just yet. Looking ahead, the...