Alex_Boltyan_FXAnalyst

Alex_Boltyan_FXAnalyst

The EUR/USD recovered ground on Wednesday after hitting a fresh monthly low of 1.0808, just a few pips above its YTD low set in March at 1.0805. The pair moved lower during the European session, weighed by lingering geopolitical concerns. However, the U.S. dollar weakened during the New York session – sending the EUR/USD back above the 1.0880 level – mainly...

Alex_Boltyan_FXAnalyst

Gold prices advanced on Tuesday, with spot XAU/USD reaching a one-month high above $1978 an ounce, as the greenback weakened following the release of the U.S. consumer price index. U.S. consumer prices rose at the fastest pace since late 1981 in March at 8.5% year-over-year, while prices excluding food and energy costs rose at an annualized 6.5%. The dollar...

Alex_Boltyan_FXAnalyst

The EUR/USD pair is back under pressure during the New York session, having already filled an upward gap left at the weekly opening. The euro-dollar opened the week on a positive note and reached a high of 1.0933, but the upward move lacked follow-through. As a result, the EUR/USD fell back below the 1.0900 mark and currently trades around 1.0880, virtually...

Alex_Boltyan_FXAnalyst

The US Dollar Index (DXY) hit a fresh two-year high on Friday at 100.00, as the greenback remains underpinned by persistent tensions in Eastern Europe and soaring US Treasury yields. A hawkish stance from the Federal Reserve and the search for safety flows maintain US yields and the dollar underpinned. The minutes from the last Fed’s meeting published on...

Alex_Boltyan_FXAnalyst

The EUR/USD pair is recovering some ground on Thursday following the release of quite hawkish ECB accounts. The EUR/USD has managed to recover the 1.0900 mark but remains vulnerable to further losses amid geopolitical uncertainty and a firm dollar. The minutes from the European Central Bank's last meeting showed that many members believe that the high level of...