The EUR/USD pair rebounded on Tuesday from weekly lows, back above 1.1000, keeping the familiar price range. The euro outperformed ahead of the European Central Bank meeting while the US dollar weakened due to lower US bond yields. At the time of writing, the EUR/USD pair is trading around 1.1030, up 0.31% on the day after peaking at 1.1048, more than a hundred...
Gold prices reached levels above HKEX:2 ,000 on Monday but then quickly pulled back to HKEX:1 ,980, remaining in a consolidation phase. At the time of writing, the spot price XAU/USD is trading at HKEX:1 ,987, up 0.28% on the day, after hitting levels under HKEX:1 ,980 during the European session. The improvement in market sentiment after the deal between...
The EUR/USD pair has retreated below the 1.1000 zone following Eurozone economic data and on the back of a stronger US Dollar. Additionally, equity markets are falling boosting further the greenback. Markets brace for more data, with German inflation and US Core CPE. At the time of writing, the EUR/USD pair is trading around 1.0985, down 0.35% on the day after...
The USD/JPY pair is falling modestly on Thursday as market participants await crucial US economic data and as the Bank of Japan meeting kicks off. It is trading around 133.45, after being unable to keep 134.00, around the same level it had a month ago. A steady bond market, looking like the calm before the storm, favors limited price action in USD/JPY. US Q1...
The EUR/USD pair is rising on Wednesday and is back above 1.1000, after erasing Tuesday’s losses. The pair fell from 1.1066 to 1.0963 on Tuesday, only to climb back to the 1.1060 area on Wednesday. The events ahead could add fuel to recent volatility. Overall, it continues to move sideways, within an uptrend, holding above key technical levels and supported by a...
Gold prices are pulling back on Tuesday, after being unable to hold above HKEX:2 ,000 as the dollar recovers some momentum. The DXY is returning to 101.50 even as US Treasury yields slide further. The spot price XAU/USD is trading at HKEX:1 ,982, almost HKEX:20 below the daily high. The US 10-year note yield fell to 3.44%, the lowest level since April 14,...
The EUR/USD advanced on Monday, reaching the strongest level in ten days, above 1.1000. A higher euro across the board is helping the pair, while the dollar is performing mixed. At the time of writing, the EUR/USD is trading at 1.1008, up 0.17% above its opening price after topping at 1.1019. European equities and US stock futures are little changed, with the...
The EUR/USD pair advanced modestly on Thursday but overall continues to move sideways in a familiar range as global markets fluctuate in the absence of catalysts and first-tier data. At the time of writing, the EUR/USD pair is trading at the 1.0965 area, 0.10% above its opening price. On Thursday, the European Central Bank released the March policy meeting...
The GBP/USD pair extended gains into a second day above 1.2400 on Wednesday after higher-than-anticipated United Kingdom inflation figures while the dollar has found it difficult to maintain demand despite the sour market mood. At the time of writing, the GBP/USD pair is trading at 1.2440, 0.2% above its opening price. The National Statistics Office of the U.K....
Gold prices resumed the advance after two days of losses as the dollar weakened Tuesday following upbeat economic data from China. At the time of writing, the spot price XAU/USD is trading at the 2005 area, recording a 0.47% daily gain, having bounced from a low of 1991 an ounce. The U.S. bond market stabilized on Tuesday, leaving room for the yellow metal to...
The EUR/USD pair retreated for a second straight day on Monday, sliding below the crucial 1.1000 level. Despite the lack of significant data releases, the US dollar remains strong against its competitors, thanks to bullish bets on the Federal Reserve. At the time of writing, the EUR/USD pair is trading at 1.0923, 0.63% below its opening price, while the DXY Index...
The EUR/USD lost ground on Friday, trimming weekly gains as the U.S. dollar rose across the board amid the deterioration in risk sentiment. Still, the pair scored the fourth weekly advance in a row and the sixth gain out of the last seven weeks. At the time of writing, the EUR/USD pair is trading at the 1.0995 area, 0.46% below its opening price. Comments from...
The EUR/USD has managed to maintain its upward momentum, holding above the critical psychological level of 1.1000. The euro rose for a third straight day on Thursday amid reports suggesting that the European Central Bank (ECB) policymakers are in agreement regarding a potential 25 basis point rate hike in May. Meanwhile, the U.S. dollar continued to weaken...
Gold prices resumed the advance on Tuesday after a limited downward correction prompted by the dollar's spike that followed the encouraging nonfarm payrolls report. At the time of writing, the spot price XAU/USD is trading at HKEX:2 ,005 an ounce, up 0.71% on the day. At the same time, the Dollar Index DXY is trading at 0.3% below its opening price at...
The EUR/USD pair is retreating for a second day on Monday, sliding to the 1.0850 area after hovering around 1.0900 for a period of consolidation. The absence of any significant high-tier data releases has also contributed to the pair's struggles, resulting in an increase in demand for the U.S. dollar. At the time of writing, the EUR/USD pair is trading at...
The EUR/USD pair entered a consolidative phase on Thursday amid thin trading conditions while investors wait for the U.S. nonfarm payrolls report. At the time of writing, the EUR/USD pair is trading at the 1.0925 area, 0.23% above its opening price. Most global markets will remain closed on Friday in observance of Good Friday. In the U.S., the stock market will...
The EUR/USD pair has retreated from highs and trimmed weekly gains as investors booked profits ahead of the long Easter weekend. Additionally, soft U.S. data triggered risk aversion, helping the dollar as markets brace for the nonfarm payrolls report on Friday. At the time of writing, the EUR/USD pair is trading around 1.0900, down 0.49% on the day after peaking...
Gold prices advanced sharply on Tuesday and extended gains into a third consecutive day on Wednesday, with the spot XAU/USD price approaching the $2,030 area after the U.S. reported another round of softer-than-expected employment figures ahead of the critical nonfarm payrolls report on Friday. At the time of writing, the spot price XAU/USD is trading at $2,029,...