⚡️Gold prices (XAU/USD) surge, trading at $1,929.20, reflecting a gain of over 3% amidst the escalating Israel-Palestine conflict. Shift from aerial to ground operations in Gaza by Israel intensifies geopolitical tensions, bolstering safe-haven assets.
⚡️Deteriorating US Consumer Sentiment and dovish remarks from Philadelphia Fed President Patrick Harker apply...
The Euro comes under pressure following weekly tops vs. the US Dollar. Stocks in Europe trade mostly on the defensive on Tuesday. EUR/USD runs out of steam near 1.0580.
The USD Index (DXY) maintains the constructive tone near 106.40. Germany, Eurozone Economic Sentiment surprised to the upside. US Retail Sales came in above expectations in September.
The Euro...
Gold price (XAU/USD) extends upside ahead of US President Joe Biden’s visit to Israel amid deepening Middle-East tensions and the speech from Federal Reserve (Fed) Chair Jerome Powell, which is expected to provide significant guidance on interest rates. Investors hope that Powell will favor a neutral monetary policy and join other Fed officials who recently said...
* Gold prices have found some support after plunging to a 7-month low,” noted Ed Moya, analyst at online trading platform OANDA. “Treasury yields are still rising, so gold’s respect of the $1,830 level could become major support. The rally in yields could continue but we should see some exhaustion as Wall Street awaits the NFP report and ahead of a long...
- Pound Sterling struggles to extend upside amid multiple headwinds. Despite a significant improvement, the UK Services PMI failed to conquer the 50.0 threshold.
Andrew Bailey remains confident of bringing down inflation to 5% or below by year-end.
- The Pound Sterling (GBP) recovers as the appeal for risk-perceived assets improves but struggles to extend the...
Pound Sterling capitalizes on improved market sentiment and BoE’s Mann hawkish commentary.
Katherine Mann favored an aggressive policy-tightening approach.
Investors shift focus to the UK August GDP data scheduled for Thursday.
The Pound Sterling (GBP) stabilizes after recovering from a six-month low as market sentiment improves and Bank of England (BoE)...
Gold prices (XAU/USD) recovered briefly to around 1,863 at the time of writing, USD as gloomy market sentiment fueled by escalating tensions between Israel and Hamas improved the asset's appeal Safely hidden. The yellow metal recovered with support from deepening geopolitical tensions, offsetting the impact of a surprisingly strong September Nonfarm Payrolls (NFP)...
- After NF, many candles appeared to form the Dow breaking the 1830 resistance zone. Establishing a new structure above the 1830 level, the H4 frame showed a reversal signal, along with the flare-up of tensions in the Israeli-Palestinian conflict causing The outbreak of a geopolitical crisis will certainly cause panic about the need to buy safe-haven gold.
- The...
EUR/GBP continues the losing streak that began on Tuesday, trading lower around 0.8650 during the European session on Friday. On Friday, better-than-expected United Kingdom’s (UK) housing data could provide minor support for the Pound Sterling (GBP).
Halifax House Prices (MoM) declined 0.4% in September compared to the market consensus of a 0.8% decline and the...
⚡️Gold spot trims losses, trading at $1866.44, after US Treasury bond yields retract from multi-year highs, causing the USD to weaken.
⚡️US GDP for Q2 meets expectations at 2.1%, with inflation dropping to 1.7%, below the previous 3.9%, indicating economic stability.
⚡️Federal Reserve officials hint at potential further rate hikes if inflation progress stalls,...
⚡️Gold prices fell for a second consecutive quarter after a decline that began in August and lasted through September, highlighted by the current week's decline - the worst in more than two years.
⚡️More significantly, gold gave up in September its hold on the key bullish level of $1,900 an ounce that the yellow metal had held since mid-August. That came after...
⚡️Gold hit 6 month lows Wednesday as the $1,900-an-ounce support in place since early August crumbled amid a continued flow of investment money from the yellow metal towards the dollar and Treasury yields.
⚡️US bond interest rates increased by 4.6%, the green currency continued to receive support from the Fed, plus the fund sold off nearly 5 tons of gold,...
⚡️ Gold price (XAU/USD) drops vertically to near $1,915.00 as uncertainty over the interest rate outlook by the Federal Reserve (Fed) deepens. The upside in the precious metal remains restricted as Fed policymakers continue to maintain a hawkish stance for upcoming monetary policy meetings. Chicago Federal Reserve Bank President Austan Goolsbee said "It feels like...
⚡️Spot gold briefly lost its hold on $1,900 territory Tuesday before recapturing it as the resurgent dollar and Treasury yields brought their full weight to bear on bullion.
⚡️Gold prices have seen renewed weakness this month under the combined pressure of Treasury yields, benchmarked against the US 10-year bond, and the dollar.
⚡️Bond yields spiked to a new...
Hello traders, if you have been trading for a while, you will know that these two currency pairs move in similar directions. Now I will share the knowledge again. If you forget, please go back and review. That will help you a lot
⚡️GBPUSD⚡️
⚡️As US economic data strengthens the dollar, GBP/USD trades at 1.2397, Odds for a November rate hike by the Fed stand at...
