Senorita71

Senorita71 Updated 

That being said, the dovish commentary from central bank policymakers creates a tailwind for the yellow metal. The Fed Chair Jerome Powell said the US central bank is "not far" from gaining enough confidence that inflation will reach its 2% target to begin lowering interest rates. Investors will take more cues from the US Nonfarm Payrolls (NFP) data on Friday for...

Senorita71 Updated 

Gold price (XAU/USD) gains strong positive traction for the seventh straight day on Thursday and sticks to its intraday gains, near the record high during the early European session. Growing acceptance that the Federal Reserve (Fed) will start cutting interest rates in June keeps the US Dollar (USD) bulls on the defensive and turns out to be a key factor driving...

Senorita71 Updated 

The Japanese Yen (JPY) adds to its strong intraday gains against its American counterpart and drags the USD/JPY pair to a four-week low, around the 148.00 mark during the early European session on Thursday. A rise in Tokyo CPI, along with hawkish remarks by Bank of Japan (BoJ) officials, lifted bets that the central bank will exit the negative interest rates...

Senorita71 Updated 

The EUR/USD pair marched north on Wednesday, reaching a two-week high of 1.0879 during European trading hours. The uptick is modest but relevant as the pair seemed comfortable above the 1.0865 threshold, the 38.2% Fibonacci retracement of the latest daily slump. The better tone of Asian and European stock markets after Wall Street’s setback on Tuesday weighed on...

Senorita71 Updated 

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...

Senorita71 Updated 

The EUR/USD pair trades marginally higher on Monday, hovering around the 1.0850 level ahead of Wall Street’s opening. The market mood is in better shape amid the good performance of Asian shares led by the tech sector, although European indexes lack momentum and trade around their opening levels, leading to some modest gain in US futures. A data-packed week...

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The AUD/USD pair lacks any firm intraday direction on the first day of a new week and seesaws between tepid gains/minor losses through the first half of the European session. Spot prices currently trade around the 0.6520-0.6525 area, unchanged for the day and remain well within the striking distance of a nearly three-week low touched last Thursday.

Senorita71 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. Friday's disappointing release of the US ISM Manufacturing PMI and the University of Michigan’s Consumer Sentiment Index, along with less-hawkish remarks by Federal Reserve (Fed) officials, reaffirmed bets for a...

Senorita71 Updated 

Gold price (XAU/USD) is seen oscillating in a range through the early European session on Tuesday and consolidating its recent strong gains to a three-month top, around the $2,120 area touched the previous day. Traders now seem reluctant and opt to wait for more cues about the Federal Reserve's (Fed) rate-cut path before placing fresh directional bets. Hence, the...

Senorita71 Updated 

The US Dollar Index (DXY) is presently fluctuating in the vicinity of 103.80, exhibiting minor losses on Monday. The market remains focused on potential variations in line with the flow of incoming data, including the key Nonfarm Payrolls (NFP) figures from February set for release later in the week.

Senorita71 Updated 

Bitcoin (BTC) price is trading with a bullish bias, reaching for the $69,000 all-time high as cryptocurrency markets flash green. While BTC is yet to reclaim its peak price, the pioneer crypto’s market capitalization has already hit a new milestone, breaching its November 2021 peak of $1.3020 billion.

Senorita71 Updated 

Gold price falls gradually after failing to test the all-time high near $2,145. The yellow metal trades inside Tuesday’s trading range. The near-term appeal for Gold remains bullish as it has delivered a breakout of the Symmetrical Triangle pattern formed on a daily time frame. The breakout of the aforementioned chart pattern exhibits a volatility expansion, which...

Senorita71

Gold price (XAU/USD) ticks lower following an intraday uptick back closer to a one-month top touched the previous day and slides closer to the $2,042-2,040 resistance break point during the early European session on Friday. Growing acceptance that the Federal Reserve (Fed) will wait until the June policy meeting before lowering borrowing costs remains supportive...