FxAlena

FxAlena

Gold price (XAU/USD) drops further as safe-haven demand diminishes amid no further escalation in geopolitical tensions. A recovery in the US Dollar and long-term bond yields further weigh on the precious metal. The downside move in Gold, however, may be short-lived as investors see an end to the Federal Reserve’s (Fed) rate-tightening campaign, due to gradually...

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Gold price (XAU/USD) kicks off the new week on a weaker note and extends Friday's retracement slide from the $2,004 area or a multi-day high touched in reaction to softer jobs data from the United States (US). The prevalent risk-on environment – as depicted by a strong follow-through rally in the equity markets – is seen as a key factor weighing on the safe-haven...

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The Bureau of Labor Statistics (BLS) is due to release the highly-anticipated Nonfarm Payrolls (NFP) report from the United States (US) on Friday, which could have major ramifications for US Federal Reserve (Fed) policy outlook. The US Dollar (USD) is poised for a big reaction to the labor market data, as NFP data tends to infuse intense volatility across the FX...

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GBP/USD extended its daily rally and rose above 1.2300 in the early American session on Thursday. The US Dollar struggles to find demand following the disappointing October jobs report from the US, allowing the pair to preserve its bullish momentum.

FxAlena Updated 

Gold price enjoyed a good two-way price movement on Wednesday, advancing toward the $2,000 mark ahead of the Fed policy announcements, as the US Dollar stalled its recovery mode amid sluggish US Treasury bond yields and a mixed market mood. However, Gold price changed course and tested the $1,970 round figure, in a knee-jerk reaction to the Fed’s policy inaction,...

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Bitcoin (BTC) price has maintained an uptrend since early 2023. Although the bulls fumbled in September, they are back on track. While a further ascent is likely, BTC needs tailwinds, which may or may not come in the form of an ETF approval. On the contrary, the recent rally seems toppy and is likely to trigger a correction

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EUR/USD made a sharp U-turn in the American session on Wednesday and closed modestly higher after falling toward 1.0500 earlier in the day. The pair preserved its recovery momentum and advanced to the 1.0600 area in the early European session on Thursday. The US Dollar came under heavy selling pressure late Wednesday as the Federal Reserve (Fed) failed to...

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GBP/USD gathered bullish momentum and registered gains on Wednesday after dropping below 1.2100 earlier in the day. The pair continued to stretch higher toward 1.2200 on Thursday but lost its traction, with investors refraining from taking large positions ahead of the Bank of England's (BoE) monetary policy announcements. The Federal Reserve held the policy rate...