Alex_Boltyan_FXAnalyst

Alex_Boltyan_FXAnalyst

Gold price has managed to recover some ground during the New York session on Tuesday, after hitting a two-and-a-half-month low of $1,932 an ounce, as US Treasury yields pull back across the curve. Still, the spot price, XAU/USD, remains 0.45% below its opening price, trading at the $1,960/oz area, Optimism surrounding a debt-ceiling agreement in the United...

Alex_Boltyan_FXAnalyst

The EUR/USD pair continued to edge lower on Monday, although trading ranges are extremely limited given the holiday in the United States and Europe. At the time of writing, the EUR/USD pair is trading at the 1.0710 area, 0.10% below its opening price, posting the fifth daily decline in a row. The dollar retains its strength as the optimism surrounding the...

Alex_Boltyan_FXAnalyst

Gold prices edged higher on Friday, bouncing from a two-month low struck the previous day amid optimism US lawmakers will reach a debt-ceiling agreement before the June 1 deadline. At the time of writing, spot gold, XAU/USD, is trading at the $1,947/oz zone, up 0.34% on the day, after bottoming out at the $1,936 area on Thursday. New-born optimism that US...

Alex_Boltyan_FXAnalyst

The EUR/USD continued to retreat on Thursday as the dollar's rally seems unremittable as the impasse in the US debt-ceiling negotiations weighed on investors' sentiment. At the time of writing, the EUR/USD pair is trading at the 1.0715 zone, 0.35% below its opening price, posting the third daily decline in a row. With US debt-ceiling negotiations in a...

Alex_Boltyan_FXAnalyst

Gold prices edged lower on Wednesday but overall continue to hover within a limited near monthly lows as risk aversion surrounding financial markets benefits the US dollar. At the time of writing, the spot price, XAU/USD, is trading in the $1,960 area, having hit a daily low of $1,956. Still, the yellow metal has entered a consolidative phase after hitting a...

Alex_Boltyan_FXAnalyst

Gold prices edged lower on Monday after a short-lived recovery, as investors show a lack of conviction amid risk aversion and US debt-ceiling concerns. At the time of writing, spot gold XAU/USD is trading at the $1,970 area, 0.25% below its opening price. Last week, the metal suffered a 1.65% loss, marking its poorest performance in three months. The ongoing...

Alex_Boltyan_FXAnalyst

The EUR/USD pair managed to regain some of the lost ground on Friday after sliding to its lowest level in nearly two months earlier on the day. At the time of writing, the EUR/USD pair is trading at the 1.0795 area, up 0.24% on the day, but on track to print a 0.49% weekly loss. A slight improvement in market mood, a technical correction and week-end...

Alex_Boltyan_FXAnalyst

Gold prices slumped on Thursday, with the spot price falling to its lowest level since early April, as the dollar continues to rally on the back of sour market mood and higher US Treasury bond yields. At the time of writing, spot price XAU/USD is trading at $1,955 an ounce, recording a 1.32% loss on the day and charting the third daily red candle in a row and...

Alex_Boltyan_FXAnalyst

The EUR/USD pair dropped further on Wednesday, touching its lowest level in over a month as the dollar continues to profit from the risk-off environment. At the time of writing, the EUR/USD pair is trading at the 1.0820 zone, 0.4% below its opening price, after hitting its lowest level since April 3 at 1.0810. Despite encouraging news regarding the United...

Alex_Boltyan_FXAnalyst

The EUR/USD pair staged a short-lived bounce on Tuesday, but it was rejected from the 1.0900 area despite encouraging Eurozone Gross Domestic Product (GDP) figures. At the time of writing, the EUR/USD pair is trading at the 1.0865 zone, a few pips below its opening price, after hitting an intraday high of 1.0904. The Eurozone released the preliminary...

Alex_Boltyan_FXAnalyst

Gold prices started the week on a positive note following three consecutive days of losses as the dollar's rally takes a breather. In the absence of high-tier economic data, a technical correction alongside receding market jitters have paused the gold decline. At the time of writing, spot gold XAU/USD is trading at $2,015 an ounce, 0.30% above its opening...

Alex_Boltyan_FXAnalyst

The bearish pressure mounted on EUR/USD this week as the dollar benefitted from deteriorated market mood amid banking sectors concerns and US debt ceiling woes. At the time of writing, the EUR/USD pair is trading at the 1.0855 area, posting a 0.54% daily loss after hitting a fresh one-month low of 1.0848. The pair fell four out of the five trading days this...

Alex_Boltyan_FXAnalyst

The US dollar gathered pace on Thursday, weighing on gold prices, with the bright metal failing to capitalize fragile market mood following a negative Wall Street opening. On Wednesday, softer-than-expected US inflation data lifted expectations that the Federal Reserve will be pausing its tightening cycle next meeting, putting the dollar under interim pressure. ...

Alex_Boltyan_FXAnalyst

The EUR/USD pair is recovering ground on Wednesday amid broad-based dollar weakness on the back of softer-than-expected US inflation figures. At the time of writing, the EUR/USD pair is trading at the 1.0980 area, recording a 0.13% daily gain following two declines in a row. The US dollar came under pressure on Wednesday and retreated versus most...

Alex_Boltyan_FXAnalyst

The EUR/USD pair pulled back on Tuesday as the US dollar strengthened across the board amid a cautious market mood ahead of the highly-anticipated April US consumer inflation numbers to be released on Wednesday. At the time of writing, the EUR/USD pair is trading at the 1.0960 area, 0.37% below its opening price and recording the second daily decline in a row,...

Alex_Boltyan_FXAnalyst

Gold recovered shine on Monday after being rejected from the $2,070 area last week as the cautious mood underpinned the yellow metal at the beginning of the week despite the increase in US bond yields. The spot price, XAU/USD, is currently trading at the $2,020 zone, 0.25% above its opening price after the rejection from near-record highs was contained by the...

Alex_Boltyan_FXAnalyst

After surging and reaching its peak on Thursday's opening, with prices climbing towards the record high area of $2,075, gold prices started to correct lower. Given the levels at which gold is trading and the current market developments, volatility will likely remain elevated. As of writing, the spot price XAU/USD is trading at $2,037, down 0.65% for the day but...

Alex_Boltyan_FXAnalyst

The EUR/USD pair is holding to recent gains, but still limited by the 1.1100 psychological area. Is it near year-to-day highs and moving with a bullish tone ahead of the European Central Bank’s decision and following the Federal Reserve rate hike on Wednesday. At the time of writing, the EUR/USD pair is trading at 1.1065, up 0.10% on the day. The DXY is falling...