MrAlex_17

MrAlex_17 Updated 

Gold prices rise in early trade as traders await more cues on the path of interest rates in the U.S. Futures are up 0.1% at $2,667.50 a troy ounce, supported by central-bank buying, uncertainties around U.S. tariff plans under President-elect Donald Trump and geopolitical tensions. Meanwhile, the Chinese central bank added to its gold reserves for a second month...

MrAlex_17

EUR/USD stays under bearish pressure and declines toward 1.0300 on Wednesday. The broad-based US Dollar (USD) strength ahead of ADP employment data weighs on the pair. Later in the American session, the Fed will publish the minutes of the December meeting.

MrAlex_17 Updated 

Gold prices rise in early trade as traders await more cues on the path of interest rates in the U.S. Futures are up 0.1% at $2,667.50 a troy ounce, supported by central-bank buying, uncertainties around U.S. tariff plans under President-elect Donald Trump and geopolitical tensions. Meanwhile, the Chinese central bank added to its gold reserves for a second month...

MrAlex_17 Updated 

Gold futures rise as the U.S. dollar slipped and the market assesses potential U.S. tariff plans. Futures are up 0.6% at $2,662.50 a troy ounce. The precious metal has gained from a softer dollar on week, after U.S. President-elect Donald Trump rejected reports of a more moderate trade policy approach, says FlowCommunity's Tito Iakopa. Gold prices broadly shrugged...

MrAlex_17

The euro rises after the eurozone services purchasing managers' index was revised higher for December. The final PMI estimate was revised to 51.6 from a flash reading of 51.4 and is comfortably above November's 49.5. A level above 50 signals expansion in sector activity while a reading below that indicates contraction. The survey also showed services prices...

MrAlex_17

Gold futures slide as investors position themselves ahead of U.S. economic data. Futures are down 0.4% at $2,644.0 a troy ounce. Friday's U.S. jobs report is expected to shed further light on the Federal Reserve's approach to monetary policy easing, and particularly the size and scope of future interest-rate cuts. Higher rates for longer typically damp the appeal...

MrAlex_17

Gold futures slip, but remain on track to finish the first trading week of the year up on safe-haven demand. Futures are down 0.4% at $2,657.70 a troy ounce, buy have gained 0.2% on-week. While the gains are somewhat muted, a simultaneous rise in gold and the U.S. dollar as equities slump is characteristic of periods of safe-haven traction, writes FxPro's Alex...

MrAlex_17

EUR/USD trades in positive territory at around 1.0300 on Friday. The pair breathes a sigh of relief as the US Dollar rally stalls, even as markets stay cautious amid geopolitical risks and Trump's tariff plans. US ISM PMI improved to 49.3 in December, beating expectations.

MrAlex_17

Gold holds steady above $2,650 on Friday after rising more than 1% on Thursday. The benchmark 10-year US Treasury bond yield stays in negative territory, helping XAU/USD hold its ground as investors await US ISM Manufacturing PMI data for December.

MrAlex_17

Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.

MrAlex_17

AUD/USD holds its recovery above 0.6200 in the Asian session on Thursday. Disappointing China's Caixin PMI data for December combined with a fresh US Dollar buying fails to deter the Aussie amid a negative shift in risk sentiment on the first trading day of 2025.

MrAlex_17

The GBP/JPY cross pares its recent gains, trading around 195.80 during the early European hours on Thursday. The daily chart analysis indicates that the pair is positioned within the descending channel pattern, suggesting a bearish bias.

MrAlex_17

USD/JPY turns south to test 157.00 in Thursday's Asian trading, erasing early gains. The pair loses traction as risk sentiment deteriorates on bleak Chinese PMI data and revives the safe-haven demand for the Japanese Yen. Thin liquidity conditions also exaggerate USD/JPY moves as Japan is on holiday.

MrAlex_17

Following an earlier recovery attempt, GBP/USD reversed its direction and declined to its weakest level in nearly eight months near 1.2400. The renewed US Dollar (USD) strength on worsening risk mood weighs on the pair as trading conditions normalize after the New Year break

MrAlex_17 Updated 

After posting losses for two consecutive days, Gold found support near $2,600 and staged a rebound early Tuesday. As investors refrain from taking large positions ahead of the New Year Day holiday, XAU/USD clings to daily gains at around $2,620.

MrAlex_17 Updated 

EUR/USD stabilizes at around 1.0400 on Tuesday following Monday's choppy action. The cautious market stance helps the US Dollar stay resilient against its rivals and doesn't allow the pair to gain traction as tradEUR/USD stabilizes at around 1.0400 on Tuesday following Monday's choppy action. The cautious market stance helps the US Dollar stay resilient against...