Forex_Master-

Forex_Master-

AUD/USD kicks off the new week on a weaker note in reaction to mixed Chinese inflation figures. A softer risk tone also undermines the Aussie, though subdued USD demand lends some support. Traders might also prefer to wait on the sidelines ahead of the crucial US CPI report on Tuesday.

Forex_Master-

Gold (XAU/USD) gathered bullish momentum and reached a new record high above $2,180 this week, boosted by falling US Treasury bond yields and the broad-based selling pressure surrounding the US Dollar (USD). The pair stays technically overbought ahead of next week’s key inflation data from the US.

Forex_Master-

Gold gains momentum around $2,165 amid the softer US Dollar, adding 0.12% on the day. The dovish comments from central bank policymakers and safe-haven flows boost the demand for gold.

Forex_Master-

Gold gains traction and climbs toward $2,140 in the early American session on Wednesday. The benchmark 10-year US Treasury bond yield stays in negative territory following the soft US private sector employment data, helping XAU/USD push higher.

Forex_Master-

The EUR/USD pair shows no technical progress, maintaining the neutral-to-bullish stance in its daily chart. Sellers remain aligned around the 38.2% retracement of the 1.1139-1.0694 daily slide at 1.0865, while the downside is being protected by buyers standing at around the 23.6% retracement of the same slide at 1.0799. In the daily chart, the pair keeps...

Forex_Master-

On Wednesday, the US Bureau of Economic Analysis (BEA) announced that it revised the annualized Gross Domestic Product (GDP) growth to 3.2% from 3.3% in the initial estimate. The US Dollar (USD) came under modest selling pressure during the American trading hours and allowed XAU/USD to end the day in positive territory. Gold gathered bullish momentum on Thursday,...

Forex_Master- Updated 

Gold price (XAU/USD) attracts some buyers for the fourth successive day on Monday and trades near its highest level since December 28 touched on Friday.

Forex_Master-

The USD/CHF pair struggles to gain ground near 0.8830 after retreating from nearly the 0.8900 mark during the early European trading hours on Monday. The downtick of the pair is backed by the weaker US Dollar (USD) and lower US Treasury bond yields. Market players await the Swiss February Consumer Price Index (CPI) for fresh impetus, which is expected to ease from...

Forex_Master-

GBP/USD gained traction in the American session on Friday and erased a large portion of its weekly losses. The pair clings to small daily gains above 1.2650 in the European morning on Monday. Following a mixed opening to the day, Wall Street's main indexes gathered bullish momentum and registered strong gains on Friday. In the meantime, the benchmark 10-year US...

Forex_Master-

The USD/CAD pair attracts some dip-buying on the first day of a new week, albeit lacks follow-through and remains below its highest level since December 13 touched last week. The initial market reaction to the OPEC+ agreement to extend voluntary oil output cuts to the end of the second quarter turns out to be short-lived amid global economic concerns and rising...

Forex_Master-

Gold gathered bullish momentum in the second half of the day on Friday and reached its highest level since early January above $2,070. The benchmark 10-year US Treasury bond yield is down 1% at 4.2%, fueling XAU/USD's rally ahead of the weekend.