RKarina

RKarina

On Wednesday, during the first Asian trading session, the GBP/USD pair rose to 1.2450. Optimism from April's US PMI data and increased demand for risk assets have put the US Dollar under selling pressure, which in turn boosted the price of GBPUSD. Later in the day, US Durable Goods Orders and Weekly Mortgage Applications figures will be released. However, from a...

RKarina

Hello readers, What do you think about gold price developments today? Gold is currently trading at about 2,318 USD/ounce, down slightly by 0.17% compared to yesterday, equivalent to a decrease of nearly 5 USD at this time and is in a downtrend. This precious metal encountered a significant decline after investors took profits, unable to maintain the...

RKarina Updated 

The Japanese Yen (JPY) is currently struggling to capitalize on any gains against the US Dollar, remaining near multi-decade lows. The Bank of Japan (BoJ) is not in a hurry to normalize monetary policy, while the US Federal Reserve (Fed) is forecast to keep interest rates higher for a long time due to persistent inflation. This reduces the appeal of the Japanese...

RKarina Updated 

Hello dear friends! Today, let's explore the latest developments in the gold market. As Tuesday's trading session began, we saw gold prices quickly decline. Currently, the price of this precious metal has decreased by about $26, fluctuating around $2300, which is down 1.08% over the day. This price decline followed after gold reached a peak of 2,400 USD, before...

RKarina Updated 

Hello dear fellow travelers! What are your thoughts on the direction of GBPUSD? Current rumors suggest GBP/USD is moving cautiously, near 1.2350, which is the lowest level since mid-November, when Tuesday's Asian session first began. The USD index is consolidating its position above 106.10, while traders patiently await global PMI data from the US and UK for...

RKarina Updated 

Hi everybody, EUR/USD is approaching a key zone near 1.0650, after a fairly quiet Tuesday when the pair remained largely unchanged, awaiting a series of upcoming economic data. Both the US and the Eurozone are preparing for the release of Purchasing Managers' Index (PMI) figures next Tuesday, while key US figures will be released later. week, amid speculation...

RKarina Updated 

Hello everyone, what do you think about the gold price today? Recently, gold has experienced a significant price drop, from nearly 2400 USD to about 2311 USD, down nearly 65 USD compared to the previous day. So what has led to this sharp decline in gold prices? Global economic news: Before the June monetary policy meeting of the US Federal Reserve, the market...

RKarina

Hello everyone, it's RKarina again! EUR/USD has turned lower after rising in previous trading sessions, currently stabilizing around 1.0650 during the European session on Monday. The current trend of the pair is bearish, recorded at 1.064, because of increased demand for the US Dollar as a safe haven due to the decline in risk appetite. The market is currently...

RKarina

Hi everybody! As I am writing these lines, XAUUSD has seen a significant price drop, down $35 in the early hours of Monday morning and is currently sitting at around $2356. The short-term outlook suggests further downside is likely. Current chart analysis shows that gold is under downward pressure after overcoming two key support levels. This reflects the...

RKarina

Hello everyone, let's explore the price movements of gold in the new week! At the beginning of the trading week, gold quickly adjusted downwards, losing nearly $23 in the first few hours of the Asian trading session. Currently, the price of gold is at $2369 and it is projected that in the short term, this metal may continue to decline after reaching the trendline...

RKarina

Global gold prices have witnessed a significant price increase due to ongoing tensions in the Middle East, despite positive economic data from the US. The escalation of tensions, with Israel expressing its intention to respond to attacks from Iran, has ignored calls for restraint from the West. In this context, with the continued increase in geopolitical...

RKarina

Hello dear traders! EUR/USD has recovered momentum and now sees positive growth, surpassing 1.0650 today. This upturn was a result of the earlier reduction in flight to safety, pressuring the US dollar as the week ended, thereby boosting the pair. However, EUR/USD's upward momentum may only last in the short term because it has not yet surpassed the two EMA lines...

RKarina

Hi everybody! Let's look back at gold price developments last week and prepare plans for next week! Last week saw an explosion in gold prices, when it reached a record high of 2,431 USD/ounce before cooling down and stabilizing at around 2,400 USD/ounce. By the end of the week, prices had ended at $2,392 per ounce, up 0.55% on the day. The main factors driving...

RKarina Updated 

Today, on the last trading day of the week, gold prices increased sharply to nearly 35 USD, reaching a high of 2,418 USD before stabilizing at 2,410 USD at the time of reporting. Gold's upside was sustained by a recovery from the 34-day moving average (EMA 34), with technical factors continuing to support the price. Many investors believe that gold is receiving...

RKarina Updated 

Hello everyone, after a short price drop last night, gold has begun its journey to find a new peak. In today's trading session, gold is attempting to overcome the $2,400 resistance level, supported by renewed weakness in the US Dollar and persistently low US Treasury yields, which creates conditions for this unprofitable precious metal. Gold may continue to be...

RKarina Updated 

Hello everyone, in today's trading session, EURUSD continued to decline following the trend observed in recent days, with the price fluctuating around 1.062 and has decreased by 0.15% so far. EURUSD's decline continues, in large part due to hawkish comments from US Federal Reserve officials, which has strengthened the Dollar and become a key barrier for with any...

RKarina

Hello everyone, in the early hours of the weekend trading session on Friday, gold prices recorded a $35 increase, surpassing the $2400 resistance level. However, this upward momentum did not last and the price has since dropped, stabilizing at around $2,390 at press time. This fluctuation is the second time gold prices have increased sharply and then decreased,...

RKarina

At the start of the Asian session on Friday, the GBP/USD pair held firm at a defensive level around 1.2430. The British pound weakened against a stronger U.S. dollar, influenced by strong U.S. economic data and hawkish statements from Federal Reserve officials, leading markets to speculate that the The US central bank may postpone interest rate cuts until...