MarkSteve_7

MarkSteve_7 6 hours ago

EUR/USD is battling 1.1500 in the European session on Tuesday. The pair loses traction as the US Dollar finds its feet even as investors remain wary of the US financial stability amid Trump's attacks on Fed Chair Powell. Speeches from ECB and Fed officials are on the radar.

MarkSteve_7 6 hours ago

GBP/USD is back below the 1.3400 mark in the European trading hours on Tuesday, feeling the heat from the pause in the US Dollar decline. But the pair's further dowside appears limited as fears of a US economic slowdown and concerns about the Fed's independence will continue to remain a headwind for the Greenback.

MarkSteve_7 17 hours ago

Gold price hit yet another record high on Monday, as the US Dollar sell-off continued on the back of US President Donald Trump’s criticism of Federal Reserve Chair Jerome Powell, fueling concerns about the future of the

MarkSteve_7 Apr 21

Gold extends its uptrend and trades at a new all-time high above $3,400 on Monday. Concerns over US-China trade war escalation and the Fed’s independence smash the US Dollar to three-year troughs, fuelling XAU/USD's rally.

MarkSteve_7 Apr 21

GBP/USD continues its winning streak, recapturing 1.3400 in European trading on Monday. The extended US Dollar weakness, amid US-Sino trade war-led recession fears and heightened threat to the Fed's independence, continue to underpin the pair. Thin trading is set to extend.

MarkSteve_7 Apr 21

EUR/USD trades roughly 1.5% higher so far this Monday as the relentless US Dollar selling drives it toward the 1.1600 threshold - the highest level since November 2021. Growing concerns over a US economic recession and the Federal Reserve’s autonomy continue to exert downward pressure on the USD

MarkSteve_7 Apr 20

Gold retreated slightly from the all-time high it touched at $3,357 early Monday but still gained more than 2% for the week after settling at $3,327. The uncertainty surrounding US-China trade relations caused markets to adopt a cautious stance, boosting safe-haven demand for Gold.

MarkSteve_7 Apr 17

The prevailing risk-on mood among traders challenges the metal’s recent gains and prompts a modest knee-jerk in its prices on Thursday. After bottoming out near the $3,280 zone per troy ounce, Gold prices are now reclaiming the $3,320 area in spite of the stronger Greenback.

MarkSteve_7 Apr 15

Gold is holding its own on Tuesday, trading just above $3,200 per troy ounce as it bounces back from earlier losses. While a more upbeat risk sentiment is bolstering the rebound, lingering concerns over a deepening global trade rift have prevented XAU/USD from rallying too aggressively.

MarkSteve_7 Apr 14

Gold seems to have met some daily contention around the $3,200 zone on Monday, coming under renewed downside pressure after hitting record highs near $3,250 earlier in the day, always amid alleviated trade concerns. Declining US yields, in the meantime, should keep the downside contained somehow

MarkSteve_7 Apr 14

Gold stays under bearish pressure on Monday and declines toward $3,200 after setting a new record-high of $3,245 at the weekly opening. Easing concerns over a deepening trade conflict between the US and China seem to be causing XAU/USD to enter a correction phase.

MarkSteve_7 Apr 13

The EUR/USD pair retreated further from its recent multi-month peak at 1.1473 and trades around the 1.1300 mark. Wall Street manages to advance ahead of the weekly close, despite escalating tensions between Washington and Beijing and mounting fears of a US recession. Profit-taking ahead of the close also weighs on the pair.

MarkSteve_7 Apr 13

GBP/USD now gives away part of the earlier advance to fresh highs near 1.3150. Meanwhile, the US Dollar remains offered amid escalating China-US trade tensions, recession fears in the US, and softer-than-expected US Producer Price data.

MarkSteve_7 Apr 13

Gold is holding steady near the $3,250 mark, fuelled by robust safe-haven demand, trade war concerns, and a softer-than-expected US inflation gauge. The US Dollar keeps trading with heavy losses around three-year lows.

MarkSteve_7 Apr 11

Gold price keeps its range close to fresh all-time highs near $3,220 in early Europe on Friday. The US Dollar downward spiral and escalating trade war between the United States and China continue to underpin the safe-haven appeal of Gold price.

MarkSteve_7 Apr 10

USD/JPY has come under intense selling presure and drops below 147.00 in the Asian session on Thursday. The US-China trade war escalation and the divergent BoJ-Fed policy expectations underpin the Japanese Yen and weigh heavily on the pair amid a renewed US Dollar downtick. US CPI awaited.

MarkSteve_7 Apr 9

Gold prices now give away part of their advance and revisit the $3,050 zone per troy ounce after President Trump announced a 90-day pause on reciprocal and 10% tariffs.

MarkSteve_7 Apr 8

Gold gathers bullish momentum and climbs toward $3,020 after suffering heavy losses on Monday. Improving market mood and rising US Treasury bond yields cap XAU/USD's upside, while a lack of headlines hinting at easing trade tensions supports the pair.