EUR/USD trades in positive territory above 1.0800 in the American session on Tuesday. Disappointing consumer sentiment data for March and New Home Sales figures from the US weigh on the USD, allowing the pair to hold its ground.
The intense march north in the Greenback, in combination with the marked rebound in US yields across the curve are prompting Gold prices to recede to the proximity of the critical $3,000 mark per troy ounce.
Gold prices have shown little reaction following the Federal Reserve’s decision to keep interest rates unchanged on Wednesday, with the metal hovering near the $3,030 mark per troy ounce.
Gold continues to push higher toward $2,950 after closing the previous two days in positive territory. The precious metal benefits from the risk-averse market atmosphere as investors grow increasingly concerned about trade wars causing an economic downturn.
GBP/USD is on the defensive near 1.2950 in the European session on Thursday. The pair faces headwinds from intensifying tariff war globally and a pause in the US Dollar downtrend. Traders look forward to the US PPI data for fresh directional impetus.
Bitcoin price extends its decline on Friday, falling over 5% so far this week. BTC uncertainty and volatility spikes liquidated $1.67 billion as the first-ever White House Crypto Summit takes place on Friday.
Gold trades lower near $2,900 on Monday as investors stay cautious amid a lack of major data releases, awaiting updates on the Trump administration’s tariff policy.
Gold prices manage to leave behind Thursday’s pullback and revisits the area of $2,920 per troy ounce in the wake of the publication of the US labour market report in February.
EUR/USD's weekly rally appears to have met some initial resistance near the 1.0780 zone, or yearly peaks, as firmer-than-expected US data releases appear to have sparked a mild recovery attempt in the Greenback.
GBP/USD finds fresh demand and regains 1.2700 in Tuesday’s European trading hours. The pair benefits as the US Dollar gets sold-off into economic slowdown fears, despite escalating trade tensions. Traders look to tariff updates and Fedspeak for fresh impetus.
Gold price builds on its steady intraday ascent and touches a fresh daily high, around the $2,918-2,919 region during the first half of the European session on Tuesday. This marks the second day of a positive move for the commodity and is sponsored by concerns about the economic fallout from US President Donald Trump's trade tariffs.
GBP/USD remains positively oriented in the 1.2600 neighbourhood as the Greenback is navigating a vacillating range following the PCE inflation release.
Gold stays under bearish pressure and trades at its lowest level in three weeks below $2,840. The uncertainty surrounding the Trump administration's trade policy and month-end flows seem to be weighing on XAU/USD, which remains on track to snap an eight-week winning streak.
Bitcoin (BTC) recovers slightly and trades around $86,000 at the time of writing on Thursday after falling nearly 15% at one point this week. US President Donald Trump’s ongoing tariff news and falling institutional demand fueled the BTC’s correction. Traders should be cautious as further downturns could see BTC at around the $73,000 level. However, the RSI...
A robust, tariff-driven upswing in the US Dollar is now driving EUR/USD to deepen its daily losses, closing in on the key support at 1.0400 the figure ahead of scheduled speeches from Federal Reserve officials and President Trump.
Gold prices resume their downtrend and revisit two-week lows in the sub-$2,880 zone per ounce troy following the improved tone in the US Dollar, higher yields and further tariff narrative.
The selling pressure around the US Dollar picks up pace and lifts EUR/USD to the area of two-day peaks near the 1.0480 level amid declining US and German yields
USD/JPY jumps to near 149.80 as the Japanese Yen weakens on a slight correction in 10-year JGBs. The BoJ is expected to raise interest rates further this year. The US Dollar bounces back as investors digest weak US PMI data.