bluepipsofforex

bluepipsofforex

OANDA:XAUUSD Gold price is trading on the back foot below $1,950 early Tuesday, although remains within Friday's trading range. The United States Dollar (USD) has entered a phase of bullish consolidation amid higher US Treasury bond yields and ahead of mid-tier US economic data. Cautious mood supports the Dollar ahead of mid-tier United States data Gold sellers...

bluepipsofforex

OANDA:XAUUSD Gold Price (XAU/USD) remains on the front foot as bulls prod the early August swing high while keeping the reins past the $1,936-38 support confluence. In doing so, the precious metal cheers the US Dollar's retreat amid fears about the Federal Reserve's (Fed) policy pivot, especially after witnessing mostly downbeat figures in the last few days....

bluepipsofforex

investors await private labor market report Gold price (XAU/USD) trades directionless after a stalwart rally as investors await US ADP Employment Change data for further action. The precious metal capitalized on softer job openings data, which accelerated hopes of an unchanged interest rate decision to be taken at the Septtember monetary policy meeting by the...

bluepipsofforex

Gold Price (XAU/USD) defends the previous weekly recovery, the first in five, as it rises for the second consecutive day amid the broad US Dollar weakness. Also adding strength to the XAU/USD rebound is the cautious optimism in the market, as well as the downbeat Treasury bond yields. It's worth nothing that the US Dollar Index (DXY) cheers the Fed policymakers'...

bluepipsofforex

OANDA:XAUUSD CME Group's flash data for gold futures markets noted traders reduced their open interest positions by just 575 contracts on Friday, adding to the previous daily drop. Volume, intsted, reversed the previous daily pullback and increased by nearly 31K contracts, keeping the erratic perfomance well in place for the time being. Gold: Positive outlook...

bluepipsofforex

OANDA:XAUUSD await Powell's speech at Jackson Hole Gold price (XAU/USD) demonstrates a rangebound perfomance as investors await Federal Reserve (Fed) Chair Jerome Powell's speech at the Jackson Hole Symposium for further guidance or discuss the benefits of keeping interest rate guidance or discuss the benefits of keeping interest rates unchanged for a longer...

bluepipsofforex

Recovery leg from $1,884 (Aug 17/21 double-bottom) extends into fourth straight day and hit two-week high in early Thursday's trading. Gold's near-term action remains underpinned by weaker dollar and increased demand as traders await fresh signnals about interest rates from the gathering of central bankers in Jackson Hole, with focus on Friday's speech of Fed...

bluepipsofforex

Gold had been expericing a strong pullback following its recent peak at 1,987, with the price slicing through both its 50- and 200-day simple moving averages (SMAs). Moreover, in today's session, bullion fell to a fresh five-month bottom as the bulls seem to be staying on the sidelines. The momentum indicators suggest that the recent decline might be...

bluepipsofforex

OANDA:XAUUSD Eyes on Fed Minutes Looking ahead, the downside risks remain intact for Gold price amid a bearish technical setup on the daily chart and unnerved markets ahead of the eagerly awaited July Fed Meeting's Minutes, as it could throw fresh light on the Federal Reserve's future policy path. Meanwhile, the US housing data will be also closely followed, as...

bluepipsofforex

OANDA:GBPUSD GBP/USD edged lower in the Asian session on Monday but managed to recover to the 1.2700 in the European morning. Investors could refrain from taking large positions ahead of the UK labor market and inflation data due for release on Tuesday and wednesday respectively. The negative sift witnessed in risk sentiment on concerning developments in China's...

bluepipsofforex

Fed Minutes in mind Gold Price (XAU/USD) remains on the back foot around $1,910 as the trading week begins with no major surprises and a lighter macro line during the weekend. That said, the XAU/USD dropped for three consecutive weeks in the last, failing the most since mid-June at the latest, amid firmer US Treasury bond yields and the US Dollar. Also weighing on...

bluepipsofforex

OANDA:GBPUSD stays depressesd near 1.2745 as it fades the previous day's corrective bounce off the lowest level in a month amid early Wednesday in Asia. In doing so, the Cable pair portrays the market's cautious mood ahead of the top-tier Chian data. However, fears emanating from China's banking and realty sector join the rating downgrade from Moody's and Fitch...

bluepipsofforex

Gold Price Forecast: XAU/USD appears fragile near $1,925 key support amid China, inflation woes| Gold Price (XAU/USD) remains on the back foot at the lowest level in a month, poking an upward-sloping support line from February around $1,925 amid the early hours of Wednesday's Asian session. In doing so, the yellow metal justifies the firmer US Dollar and the...

bluepipsofforex

On Tuesday, the EUR/USD finished the day with losses of 0.42%, closing at around 1.0954as risk appetite deteriorated on news that put a possible global economic slowdown into the table. In addition, news from Italy setting a one-off 40% tax on bank profits sent shockwaves acroos the Eurozone (EU), weakening the Euro (EUR). At the time of writing, the EUR/USD...

bluepipsofforex

$1,915 support amid firmer US Treasury bond yields Gold price (XAU/USD) stays depressed around $1,935 after begining the trading week with mild losses. That said, the XAU/USD manages to keep the bears on board amid technical breakdown, as well as the firmer prints of the United States Treasury bond yields, despite a sluggish US Dollar ahead of this week's...

bluepipsofforex

Ahead of US inflation data July inflation data from the US will be watched closely by investors next week. Gold price registered weekly losses despite Friday's rebound. Near-term technical outlook fails to provide a directional clue. July inflation data from the US will be watched closely by investors next week. What happened last week? In the absence of high-tier...

bluepipsofforex

Dragonfly Doji joins downbeat RSI to underpin minor recovery but Cable stays below key technical support-turned-resistance. GBP/USD treads water around 1.2730 as it defends the previous day's rebound from the lowest levels in five weeks but lacks upside momentum during early Friday morning in Asia. in doing so, the Cable pair struggles to justify the previous...

bluepipsofforex

OANDA:XAUUSD Gold price strumbled for the third consecutive trading session and posted a three-week low as high US treasury bond yields weighed on the non-yielding metal amidst soft US Doolar (USD) during Thursday's trading session. At the time of writing, the XAU/USD exchanges hands at $1,933.21 , down 0.02% as Friday's Asian session commences. Wall Street...