HELLO everyone ! Present, the EUR/USD pair is rebounding above 1.0700 during Asian trading on Friday as the US dollar faces new selling pressure and low yields on US Treasury bonds. However, the recovery might be limited due to risk aversion sentiment and a lack of economic data. Before the Asian trading session, there is a potential consolidation between 1.0710...
Hello everyone, are you wondering about the price of gold today? Currently, gold is trading at $1920 USD. It can be seen that gold is under pressure in the context of the DXY index (which measures the volatility of the USD against 6 major currencies worldwide) still at a high level, around 104.7 points. Investors choose USD when the US stock market typically has...
Greetings wealthy traders! How do you feel about the current state of gold prices? At present, gold is experiencing a decline and has fallen below $1,920 during the latter part of Thursday. Following a calm trading session in Europe, there was an increase in the 10-year US Treasury bond yield to 4.3% due to positive US data, resulting in XAU/USD trending...
The AUD/NZD cross rate spiked above the 1.0800 level after the release of Australia's Gross Domestic Product (GDP) during Asia trading on Wednesday. The major currency pair is currently trading near 1.0854, up 0.12% for the day. The latest data released by the Australian Bureau of Statistics (ABS) on Wednesday showed that the country's GDP grew by 0.4% in Q2...
EUR/USD hovers around 1.0720 during the Asian session on Wednesday, treading waters to snap the previous day’s losses. The pair is under pressure due to disappointing data from the Eurozone released on Tuesday. Eurozone Producer Price Index (PPI) for July reduced to -0.5% on a monthly basis and -7.6% on an annual basis from -0.4% and -3.4% respective priors....
Hello dear readers! Currently, there is a growing interest in selling the USD/JPY pair, as it approaches the 147.80 level and reaches its highest point since November 2022. It seems that the USD/JPY has experienced three consecutive days of price increases. However, this currency pair still faces many challenges due to the expectation that the Fed will maintain...
Greetings to all intelligent and prosperous traders! Currently, by observing the 4-hour chart, it can be seen that gold is experiencing a slight decline even though the Fed may not raise interest rates in this September meeting. The increase in the USD has had a negative impact on gold, causing it to drop to its current low level of $1935 and reaching its lowest...
Hello dear friends! It's great to see you all again for our chat today! Currently, the price of gold this morning is showing a slight decrease. Specifically, gold has declined by $12.1 to $1925.9 per ounce compared to the same time yesterday. The main reason for the decline in gold may be attributed to the pressure it is facing due to the surge in the US dollar....
According to a report by S&P Global, the British Pound (GBP) has continued to decline in value as the United Kingdom's service sector experiences a contraction. This is primarily due to weakened demand from households and the private sector, which can be attributed to the high-interest rate environment. Although there have been attempts at recovery with the...
Greetings, dear friends! Currently, the NZD/USD trade is lower by approximately 0.5860 during the Asian trading session on Wednesday, extending a losing streak that began on Friday. It is evident that this currency pair is experiencing pressure due to the stronger US Dollar (USD) as market participants seem to be accepting a lower likelihood of the Federal...
Hello dear readers! Currently, the price of gold is trading with a negative trend for the second consecutive day on Tuesday, despite the lack of follow-through and remaining within the familiar range maintained over the past week. GOLD is currently placed just below $1,940, experiencing a decrease of less than 0.10% in a day and being pressured by a combination of...
Greetings dear readers! The price of gold remains stable at 1943.6 USD/ounce this morning as the US market is closed for the Labor Day holiday. Last week, gold experienced a gain of more than 1.25% due to the release of the non-farm payroll report on Friday, which revealed an increase in unemployment rates and a weakening US manufacturing index according to ISM...
Hello dear friends! In today's trading session, gold experienced slight volatility and decreased by $9 per ounce to reach $1,935 after reaching its highest level in the past 4 weeks. Due to the Labor Day holiday in the US, there wasn't much information impacting gold trading. However, following economic data released in the US showing a sharp increase in...
Hello dear friends! Are you curious about today's gold price? Currently, gold is trading around the price range of 1935.97 usd/ounce and shows signs of a downward reversal compared to the previous session. The market is still uncertain about the prediction that the Fed will pause interest rate hikes in this September meeting, as inflation figures in the US are...
Hello dear traders! It's great to meet you all again to explore and discuss the market today! Currently, the price of gold has experienced a slight decrease compared to the previous trading session after reaching a peak of $1,952.79 per ounce, which was the highest level this month, and then dropping down to $1,936 per ounce. Gold is expected to undergo...
This morning (4/9), the global market saw a reversal in gold prices compared to the previous trading session. Gold experienced a significant decline in value against the US dollar this morning, and is currently trading around $1945 per ounce, prompting investors to return to buying gold. The next target for gold is expected to be $1960. There are two important...
It is a pleasure to meet you all and discuss the market situation this week! Gold is currently trading at 19449 - 1945 USD/ounce on September 4th. Last week, gold saw a significant increase of more than 21 USD/ounce after the release of the non-farm payroll report on Friday. The global gold market continues to show slight fluctuations and is currently hovering...
Hello dear traders! The price of gold continues to rise today, with gold trading around the $1945/ounce mark. Gold has increased by more than 1.25% in the past week as the US announced weak economic data such as non-farm payroll reports, increasing unemployment rates, and a decline in the ISM manufacturing index. Buying gold remains a priority trend. Speaking of...