Alex_Boltyan_FXAnalyst

Alex_Boltyan_FXAnalyst

The EUR/USD pair continues to oscillate near the 1.0900 level on Monday, briefly rising above the psychological level to hit a high of 1.0916. Still, caution among investors and a challenging technical resistance level are preventing the euro from extending gains. At the time of writing, the EUR/USD pair is trading above its opening price at 1.0885, up 0.38% on...

Alex_Boltyan_FXAnalyst

The EUR/USD pair is closing March with a monthly gain following February’s decline, although the euro has been unable to hold above the 1.0900 critical level. On the last trading day of the month, the pair pulled back and trimmed half of its weekly advance after inflation data was published on both sides of the Atlantic. At the time of writing, EUR/USD is...

Alex_Boltyan_FXAnalyst

The EUR/USD pair has continued to advance on Thursday, surpassing the 1.0900 mark, as the dollar remains on the defensive, with investors' focus turning to Friday's Eurozone inflation data and U.S. core personal consumption expenditures (PCE) price index – the Federal Reserve's preferred gauge of inflation. At the time of writing, the EUR/USD pair is trading at...

Alex_Boltyan_FXAnalyst

Gold prices retreated slightly on Wednesday, with some caution prevailing among investors ahead of important data releases from the U.S. and Eurozone related to inflation. At the time of writing, the spot price XAU/USD is trading at the $1,965 area, down 0.48% on the day. While banking fears continue to recede and financial markets remain optimistic, there is a...

Alex_Boltyan_FXAnalyst

The EUR/USD pair edged higher above 1.0800, extending gains into a second day on Tuesday despite higher U.S. yields limiting its upward momentum. While the U.S. dollar has weakened overall and the risk tone has improved, the pair is struggling to make significant gains. At the time of writing, the EUR/USD pair is trading at the 1.0845 zone, 0.43% above its...

Alex_Boltyan_FXAnalyst

The EUR/USD pair holds onto modest daily gains just below 1.0800 on Monday as easing banking sector fears lifted investors’ sentiment, while German IFO data showed improvement in expectations in March. At the time of writing, the EUR/USD pair is trading at 1.0790, 0.3% above its opening price. On the other hand, the US Dollar Index (DXY) is trading 0.2% down on...

Alex_Boltyan_FXAnalyst

Gold prices consolidated near recent highs on Friday, as investors' sentiment deteriorated on the back of renewed banking sector concerns after the stock of the German giant Deutsche Bank plummeted over 10%. At the time of writing, the spot price, XAU/USD, is trading at the $1,995 area an ounce, virtually unchanged on the day. The yellow metal attempted twice...

Alex_Boltyan_FXAnalyst

The GBP/USD pair advanced for a second day in a row on Thursday, following the Bank of England's (BoE) decision to raise its main interest rate by 25 basis points to 4.25%. The BoE didn't rule out further hikes, which helped underpin the pound.However, the deterioration in the market sentiment during the New York session lifted the greenback and weighed on the...

Alex_Boltyan_FXAnalyst

The EUR/USD pair has advanced modestly on Wednesday as investors remain sidelined ahead of the Federal Reserve Open Market Committee (FOMC) decision. At the time of writing, the EUR/USD pair is trading at the 1.0790 zone, 0.23% above its opening price. All eyes are on the Federal Reserve decision to be released at 18:00 GMT, which will be accompanied by the...

Alex_Boltyan_FXAnalyst

Gold prices continued to pull back on Tuesday as market sentiment improved as investors brace for the Federal Reserve decision on Wednesday. At the time of writing, the spot price, XAU/USD, is trading at $1,940 an ounce, nearly 2% below its opening price, having lost around $70 or 3.5% from its one-year high of $2,009 scored on Monday. The retreat in gold prices...

Alex_Boltyan_FXAnalyst

The EUR/USD pair gained ground at the start of a new week, climbing above 1.0700 as investors are betting on higher odds the Federal Reserve will raise rates at a slower pace on Wednesday. At the time of writing, the EUR/USD pair is trading at 1.0723, 0.6% above its opening price, after hitting a daily high of 1.0730 and a low of 1.0632. The financial crisis,...

Alex_Boltyan_FXAnalyst

Gold prices resumed the advance on Friday, making fresh six-week highs, as the U.S. dollar weakened on the back of declining Treasury yields. In the absence of first-tier events, investors continue to take cues from risk flows and the bond market. At the time of writing, spot gold, XAU/USD, is trading at $1,950 an ounce, 1.6% above its opening price and is on...

Alex_Boltyan_FXAnalyst

The EUR/USD pair oscillates around 1.0600 on Thursday following the European Central Bank's (ECB) decision to raise rates by 50 basis points as expected, recovering some of Credit Suisse's driven losses the previous day. At the time of writing, the EUR/USD pair is trading at 1.0605, 0.23% above its opening price, after hitting a daily high of 1.0635 earlier on...

Alex_Boltyan_FXAnalyst

Gold prices extended gains on Wednesday as risk aversion hit markets amid fears the U.S. banking crisis spreading into the Old Continent, with Credit Suisse shares plummeting. Against this backdrop, global government yields have fallen sharply, favoring gold's advance. At the time of writing, the spot price, XAU/USD, is trading at the $1,935 area, up 1.7% on the...

Alex_Boltyan_FXAnalyst

The U.S. dollar took a breather on Tuesday following the previous day’s sell-off as markets’ jitters surrounding the Silicon Valley Bank (SVB) collapse quieted, while U.S. consumer inflation data showed a slight deceleration in February. At the time of writing, the EUR/USD pair is trading at the 1.0730 zone, virtually unchanged on the day, with the upside still...

Alex_Boltyan_FXAnalyst

The EUR/USD pair advanced beyond the 1.0700 level on Monday despite the risk-off environment prompted by the Silicon Valley Bank shutdown. The greenback suffered the pressure of lower U.S. yields amid expectations the Federal Reserve will have to hold the trigger on rates amid the banking sector turmoil and somewhat disappointing jobs data. At the time of...

Alex_Boltyan_FXAnalyst

The EUR/USD pair advanced on Friday as the dollar weakened across the board following February's nonfarm payroll report release. At the time of writing, the EUR/USD pair is trading above its opening price at 1.0655, up 0.73%on the day, having reached a three-week high of 1.0700 in the aftermath of the report. After bouncing two-month lows earlier this week, the...

Alex_Boltyan_FXAnalyst

The EUR/USD pair is taking a breather on Thursday, consolidating at the mid-1.0500 area, as investors continue to ponder Federal Reserve Chair Jerome Powell's hawkish testimony before the U.S. Congress and ahead of the critical nonfarm payrolls report (NFP). At the time of writing, the EUR/USD pair is trading at the 1.0575 area, 0.3% above its opening price,...