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The price of gold (XAU/USD) fluctuates between $1,975 and $1,977 while remaining within a symmetrical triangle that has been in place for one week. As a result of the market’s cautious optimism and the negative United States Treasury bond yields, the precious metal widens the previous week’s losses, the first in four. Gold pricing anticipates…
Following the sharp decline witnessed in the European session, EUR/USD has managed to recover modestly and seems to have stabilized above 1.0750 amid an improvement seen in market mood. The pair remains on track to end the week modestly higher. Technical Overview EUR/USD broke below the ascending regression channel, and the Relative Strength Index (RSI)…
In the vicinity of the 0.6755–0.6760 range, which corresponds with a theoretically significant 200-day Simple Moving Average, the AUD/USD pair draws new sellers on Friday and extends the previous day’s rejection decline from over a two-week peak (SMA). The intraday decline, which is supported by rebounding US Dollar (USD) demand, pushes spot prices to a…
The price of XAU/USD has re-broken above $2,000 after dip-buying in the $1,960 area on Thursday started a new leg upward for the precious metal. A lower US dollar and declining Treasury yields aided gold’s upward trend. The movement of the metal may be determined by the announcement of durable goods orders and PMI data…
The USD/JPY pair drifts lower for a third straight day on Friday, extending this week’s rejection decline from the 133.00 level. During the first half of the European session, spot prices plunge to their lowest level since February 10. Bears are now attempting to push the downward trend even lower, under the psychological level of…
Investors were uneasy even before central banks around the world were able to control inflationary pressures due to a possible spread of the US and European banking crisis. In fact, a systemic credit risk is currently the top tail risk for the markets, according to the BofA March Global Fund Manager Survey. As a result,…
The dollar continues to be on the back foot when measured by the Dollar Index (DXY), breaking below the 102.00 benchmark for the first time since early February. Dollar Index declines after FOMCThe index last saw a six-session run of declines in the middle of October 2021. The Federal Reserve’s dovish move on Wednesday, coupled…
The stronger dollar does not stop the EUR/USD from rising further; on Tuesday, it reached new multi-session highs near 1.0740. In the wake of the recent breakout of the crucial 1.0700 barrier, the EUR/USD currency pair moves higher and appears bullish ahead of data and the FOMC meeting. A 25 bps rate increase at the…
This week, there were a lot of bumps on the financial markets because people were worried about the health of the banking sector. The EUR/USD pair traded between 1.0515 and 1.0759 before settling above 1.0600, which was just a little bit lower than where it started on Monday. A banking catastrophe in the makes After…
