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Forex_Master- Updated 

Gold price (XAU/USD) drifts lower for the second straight day on Friday and maintains its offered tone through the early part of the European session. The US Dollar (USD) builds on the overnight recovery from a nearly two-week low and remains well supported by hawkish comments from Federal Reserve (Fed) officials, which, in turn, undermines the commodity. Apart...

Forex_Master-

Gold price (XAU/USD) drifts lower for the second straight day on Friday and maintains its offered tone through the early part of the European session. The US Dollar (USD) builds on the overnight recovery from a nearly two-week low and remains well supported by hawkish comments from Federal Reserve (Fed) officials, which, in turn, undermines the commodity. Apart...

Forex_Master- Updated 

Gold's unstoppable rally continues on Wednesday, with the bright metal reaching a fresh record high just ahead of $2,300 a troy ounce. The US Dollar came under strong selling pressure following the release of the United States (US) ISM Services Purchasing Managers Index (PMI), which showed economic activity in the sector expanded in March for the 15th consecutive...

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OANDA:XAUUSD Spot Gold kept rallying on Tuesday, peaking at the beginning of the day at $2,304.81 a troy ounce, a fresh record high. The bright metal benefited from the broad US Dollar’s weakness as Federal Reserve (Fed) officials aligned beyond Chairman Jerome Powell and worked on cooling hopes for soon-to-come rate cuts. Despite the central bank having...

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Bitcoin (BTC) price action remains unchanged as it trades below the 2021 ATH for the fourth consecutive week. With Grayscale’s ETF outflows slowing down, investors expect a positive outlook for the crypto markets, but the short-term directional bias, at least from a technical perspective, remains bearish for BTC.

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Gold staged a deep correction and declined below $2,260, pressured by profit-taking after reached a new all-time high near $2,280. Additionally, rising US Treasury bond yields cause investors to refrain from betting on an extended rally in XAU/USD.

Forex_Master- Updated 

GOLD Gold increased to an all-time high of 2223.00 USD/t.oz. Over the past 4 weeks, Gold gained 8.75%, and in the last 12 months, it increased 13.14%.

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GBP/USD is trading listlessly above 1.2600 in the European morning on Easter Monday. The pair finds support from a subdued US Dollar on the back of soft US Core PCE inflation data and increased bets of a June Fed rate cut. US PMI data are awaited.

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Gold price (XAU/USD) enters a bullish consolidation phase during the early European session and oscillates in a narrow band around the $2,260$2,265 region, or a fresh record high touched this Monday. Investors now seem convinced that the Federal Reserve (Fed) will start cutting rates in June and the bets were reaffirmed by the US Personal Consumption Expenditures...

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EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair barely reacted to US PCE inflation data, with the Greenback shedding some pips. Fed Chair Jerome Powell set to speak ahead of the weekly close.

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GBP/JPY has been rising in a bearish Wedge pattern. Recently the pair broke above the upper boundary line and then reversed lower. It has since found temporary support at the Wedge’s upper edge. A cursory glance at the tea leaves suggest a risk of further weakness despite the uptrend remaining intact. GBP/JPY formed a Two Bar reversal pattern on the daily chart...

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The Australian Dollar managed to recover ground against its American rival after AUD/USD fell to 0.6484. The upbeat tone of Wall Street underpinned the Aussie despite broad US Dollar strength and tepid Australian data.

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Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays near 4.2% after upbeat US data and makes it difficult for XAU/USD to gather further bullish momentum.

Forex_Master- Updated 

The EUR/USD pair fell for a second consecutive week, ending Friday just above the March low of 1.0796. The pair peaked at 1.0942 early on Thursday, in the aftermath of the Federal Reserve (Fed) monetary policy announcement, but turned south afterwards.

Forex_Master- Updated 

GBPAUD GBPAUD has been rangebound since the Middle of September but is attempting a break below the range today. We have had two previous attempts to break lower with a daily candle close below opening up a larger move to the downside. The next key support area rests around the 1.8500 handle which is 400-odd pips away. If price does fail to close below today it...

Forex_Master- Updated 

Gold price (XAU/USD) struggles to capitalize on the overnight modest gains and oscillates in a narrow trading band through the early part of the European session on Tuesday. Traders opt to wait on the sidelines ahead of the release of the US Personal Consumption and Expenditure (PCE) Price Index on Friday. The crucial data might influence expectations about the...

Forex_Master- Updated 

GBP/USD is keeping its range near 1.2600 early Europe on Monday. The pair holds the bounce amid a steady US Dollar and lower US Treasury bond yields but the further upside appears elusive due to a tentative market sentiment. Speeches from BoE and Fed officials awaited.

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Bitcoin’s (BTC) upward momentum has shown a significant decline for the past two weeks or so. This development led to a bearish signal on the weekly and an uncertain outlook on the monthly. As a result, BTC might not be clear of potential sell-offs.