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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...

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In the first trading session of the new week, gold prices experienced a slight correction, slipping below the 2,500 USD mark and losing over 7 USD during the day. This decline occurred alongside the recovery of the US dollar since the end of last week, which has diminished gold's appeal to investors. Technical analysis indicates that the precious metal has...

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The EUR/USD pair extended its rally for the second consecutive day on Thursday, reclaiming the 1.1100 level as the US dollar faced heavy selling pressure ahead of the highly anticipated Non-Farm Payrolls (NFP) report set to be released on Friday. Investors are eagerly awaiting further confirmation that the Federal Reserve (Fed) is on track for its first interest...

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Currently, the GBPUSD pair is pausing around the 1.31499 level after a strong rally recently. What’s interesting is that we can see the price respecting the support trendline, forming a clear and attractive ascending channel. At this moment, all eyes are on the key resistance area around 1.3262, which is expected to be the battleground for a decisive move. If...

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Gold prices reacted strongly after receiving the PMI news yesterday, at one point dropping to nearly 2470 USD. However, it quickly regained stability, and by the start of today's trading session, gold was hovering around 2492 USD, showing little change compared to the same time on Tuesday. Previously, gold had experienced a sharp decline, hitting its lowest level...

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Gold prices today are showing signs of recovery after hitting the 2470 USD level at the end of the previous day. Currently, the precious metal is hovering around 2498 USD, once again approaching a key psychological level. The main driver behind this price increase is the weakening of the USD, coupled with lower interest rates following a decline in U.S....

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Hello, fellow USDJPY enthusiasts! Let's take a deep dive into today's exciting analysis of this currency pair. USDJPY is starting to bounce back after a lengthy downtrend, with a fresh support zone emerging, highlighted by the green area on the chart. Currently, the pair is fluctuating around 145.30, moving sideways as it builds momentum. But here’s the kicker:...

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The EURUSD pair experienced a slight recovery at the start of Monday's session; however, the overall trend remains under sellers' control. The current price is around 1.107, and the 1.111 support level has been breached. The price has broken below the 34 and 89 EMA lines, with the next target being 1.095. We can expect the price to rebound from this level if the...

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Pukaaa, hello everyone! EURUSD has shown a slight recovery today, with trading levels remaining nearly unchanged compared to the same time yesterday. The pair is fluctuating around the 1.105 level, and the trend appears to be consolidating in this area. We can observe that EURUSD has been experiencing minimal volatility in recent days, despite a limited downward...

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Global gold prices have declined, with spot gold falling by $4.3 to $2,500 per ounce. The gold market remained stable during the U.S. Labor Day holiday. However, prices saw a slight decrease due to the recovery of the U.S. dollar. Investors are now waiting for crucial U.S. employment data, which is expected to solidify expectations regarding the size of the...