MrJasim

MrJasim

OANDA:XAUUSD Gold (XAU/USD) establishes a foothold above the $2,700 psychological level on Friday after piercing through above this level on the previous day, setting yet another fresh all-time high. Growing prospects of a globally low interest rate environment boost the yellow metal.

MrJasim Updated 

FX:EURUSD The intense selling pressure continues to punish EUR/USD and sends it to nearly three-month lows in the proximity of the key support at 1.0800 the figure, always in reponse to the sharp advance in the US Dollar and further easing from the ECB.

MrJasim

Prices of Gold advance for the third consecutive session and trade near recent all-time highs around the $2,680 mark per ounce troy despite the incessant rise in the Greenback and the corrective uptick in US yields.

MrJasim

OANDA:XAUUSD Gold price scales higher for the second straight day on Wednesday – also marking the fourth day of a positive move in the previous five – and climbs toward the all-time-high it set at $2,685 in late September

MrJasim Updated 

GBP/USD stays in positive territory and edges higher toward 1.3100 on Tuesday. The data from the UK showed that the ILO Unemployment Rate declined to 4% in the three months to August, with Employment Change rising by 373K, helping Pound Sterling gain resilience.

MrJasim

Gold clings to small gains above $2,650 on Tuesday after closing the first day of the week virtually unchanged. Growing signs of an economic downturn in the Chinese economy makes it difficult for XAU/USD to gather recovery momentum. Gold now sell 2668 Support 2640

MrJasim

Bitcoin (BTC) climbed above $63,000 on Friday after Mt Gox pushed its repayment plans to 2025, easing tension among investors. Meanwhile, CryptoQuant data reveals that Bitcoin long liquidations hit $290 million on Thursday, the highest level since 2022.

MrJasim

OANDA:XAUUSD The gold rally that has pushed the yellow metal to consecutive record highs in recent months is currently on pause as market conditions suggest overly optimistic expectations from traders, but according to one analyst, the current pullback is a welcome sight, and soon, it will serve as a springboard for the next upward movement. “With the...