Hello dear traders. Nice to meet you again to share about the market today. The NZD/USD pair recovered some lost points and regained the 0.5900 mark in the first hours of trading. The lack of economic data on the US economic calendar and falling US Treasury yields weighed on the USD, providing support to the NZD/USD pair. The pair is currently trading near 0.5901,...
Hello dear traders! Gold price today moved sideways and showed signs of slight decrease. As of now, gold price is currently trading at 1922 USD. Although gold has received support from the falling USD, when looking at the 4-hour chart we can see that gold is in a downtrend on the trendline above. The next trend of gold may increase slightly and then determine a...
Hello rich traders! The AUD/USD pair edged lower during the Asian session on Tuesday and retreated further from four-day highs around the 0.6450 area touched on Monday. currently trading around the 0.6420-0.6415 area, down more than 0.15% on the day. The US Dollar (USD) attracted fresh buying following its sharp overnight decline and is therefore currently seen as...
NZD/USD lost ground to 0.5910 after retreating from weekly highs of 0.5935. Latest data from Statistics New Zealand revealed on Tuesday that the country's e-card retail sales in August reached 3.7% year-on-year from 2.2%. Additionally, economic developments in China provide upside for the Chinese-mandated New Zealand Dollar (NZD) and limit the downside of the NZD/USD pair.
Hello dear traders. USD/JPY is currently struggling to recover from the previous day's decline. Currently hovering around 146.60 during the Asian session on Tuesday. The pair has been under downward pressure due to upbeat comments from the Bank of Japan (BoJ) as well as the lackluster performance of the US Dollar (USD).
The EUR/USD pair struggled to capitalize on a strong overnight uptrend to a 4-day high. Prices are currently hovering below the mid-1.0700s and remain within striking distance of the three-month low hit last week. The US Dollar (USD) stabilized after a sharp decline. therefore, considered a headwind for EUR. (Fed) remains supportive of rising US Treasury bond...
Hello all dear traders! During Tuesday's Asian session, the GBP/USD pair continued its downward movement from the mid-1.2500s region, following a late pullback from the previous day. Spot prices are currently hovering around the 1.2500 mark significantly and remain near three-month lows reached last week.
XAU/USD attempted to extend its gains on Monday, hovering around $1,921 during the early hours of the Asian session on Tuesday. The pair is experiencing upward support due to the decline in the US Dollar (USD). The positive performance of US Treasury yields could limit the precious metal's gains.
Hello dear traders. AUD/USD holds above the 0.6400 area during the Asian session on Monday. The rise in the Aussie (AUD) was supported by weakness in the US dollar and easing fears of Chinese deflation. The pair is currently trading near 0.6425, up 0.75% on the day. Upbeat US economic data last week supported the longer-term higher US interest rate narrative....
Traders are currently showing a persistent buying interest in the Japanese Yen (JPY), causing the USD/JPY pair to drop to its lowest level in several days around the 146.35 region. In the past hour, the pair has retreated more than 150 pips from its recent peak near 147.85, which was reached back in November 2022. This decline is attributed to a combination of...
Hello dear friends! I'm happy to explore the new weekly market with you. Currently, the EUR/USD pair is struggling to make gains after experiencing volatile performance on Friday. Today's price action remains around 1.0710 during early Asian trading on Monday. On Friday, the US Dollar (USD) ended an eight-week winning streak as market participants adopted a...
Hello dear traders. Are you curious about gold prices right now? On the four-hour chart the price is recovering back to the $1929 mark. it received support from 1915 USD. despite mixed market sentiment and high US Treasury bond interest rates. Gold is still enthusiastically supported due to the adjustment of the US Dollar (USD). Wishing Traders smooth trading.
Hello, it's great to see you all again and have the opportunity to share about the market. Today, on Kitco, the price is listed at $1,918 per ounce, which remains unchanged from earlier this morning. During yesterday's trading session, there was a fluctuation of 105 points in the US Dollar Index. This took away some of the modest gains that gold had achieved...
GBP/USD rose modestly on the first day of the new week, although there wasn't any follow-through. The US dollar (USD) fell back from a six-month high amid some repositioning trades ahead of key US macro data this week. (Fed) stubbornly keeping interest rates higher for longer remains supportive of elevated US Treasury yields and continues to provide some support...
Hello dear friends. We are entering a new week and encountering quite a few market fluctuations, aren't we? In the morning trading session on September 11th, the price of gold decreased by 0.02% to $1,918.3 per ounce. However, it quickly returned to the price level of $1,923 and remained relatively stable within this range. It is evident that gold prices started...
Hello dear friends! Gold price on the market today had a slight fluctuation, increasing by 8.2 USD compared to the previous session, trading at 1,924.6 USD/ounce. Gold remains resilient despite the rising value of the US dollar. Meanwhile, 10-year Treasury yields fell to a two-week low, providing some support for gold. According to the CME FedWatch tool, it is...
Hello wealthy traders. Today, after the final GDP report of Japan was released, purchasing power is now measured using USD/JPY. However, concerns about intervention are preventing trend-following traders from entering new positions due to a slight decrease in the value of the US dollar. The differing policies between the Federal Reserve and the Bank of Japan...
Hello dear traders. Nice to meet you again to share about the market today. Currently, the price of EUR/USD is trading stably at 1.0700. There is potential for an increase in price in the short term, but the risk of US stock price increases cannot be ruled out, which prevents the USD from gaining strength.