Forex_Master-

Forex_Master-

Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.

Forex_Master- Updated 

Gold stays in positive territory at around $2,350 after closing in positive territory on Thursday. The benchmark 10-year US Treasury bond yield edges lower ahead of US PCE Price Index data, allowing XAU/USD to stretch higher.

Forex_Master- Updated 

USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, recapturing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming intervention risks. The focus shifts to Thursday's US GDP report and the BoJ decision on Friday.

Forex_Master- Updated 

Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?

Forex_Master-

EUR/USD holds gains above 1.0700 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data.

Forex_Master- Updated 

Gold has struggled to approach the new all-time high around $2341, apart from the Friday push, and has traded sharply lower on Monday. The next level of support for the yellow metal appears at $2319.50 ($2320), which could indicate a deeper pullback towards $2222. Gold has been trading within overbought territory for an extended period of time and has finally...

Forex_Master-

Gold struggles to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to reverse its direction.

Forex_Master- Updated 

GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.

Forex_Master-

XAU/USD regains the upside traction and approaches the $2,400 mark, showing some near-term consolidation for the time being. Technical indicators retreat from extreme overbought levels, suggesting that some decline may lie ahead in the short term. Still, a steeper slide remains out of the picture, as XAU/USD refuses to give up while developing its moving averages...

Forex_Master-

Gold trades in positive territory near $2,380 on Thursday after posting losses on Wednesday. The precious metal holds gains amid fears over tensions in the Middle East further escalating, with Israel responding to Iran's attack over the weekend.

Forex_Master-

EUR/USD stays in a consolidation phase following Wednesday's rebound and trades in a narrow range above 1.0650. The improving risk mood doesn't allow the US Dollar to gather strength as markets await mid-tier data releases.

Forex_Master-

GBP/USD is clinging to recovery gains above 1.2450 in European trading on Thursday. The pair stays supported by a sustained US Dollar weakness alongside retreating US Treasury bond yields. Fed policymakers will speak later in the day.

Forex_Master-

XAU/USD extends its recovery on Tuesday, approaching the $2,400 threshold mid-American session. Gold started the week on the back foot, sliding towards $2,324.12 on Monday, but slowly recovered the ground lost amid a persistently sour market mood. Market players keep dropping bets on a Federal Reserve (Fed) rate cut in July, currently betting on a roughly 41%...

Forex_Master-

GBP/USD gains traction and advances toward 1.2500 in the European session on Monday. The US Dollar struggles to gather strength on hopes over the Iran-Israel conflict de-escalating and helps the pair edge higher.

Forex_Master-

FXOPEN:XAUUSD Gold prices took a breather on Monday after hitting an all-time high in the previous session, as investors sought after safe-haven assets amid heightened conflict in the Middle East. Spot gold FXOPEN:XAUUSD was up 0.3% at $2,349.67 per ounce as of 1031 GMT. Prices hit a record high of $2,431.29 on Friday in anticipation of Iran's...

Forex_Master-

EUR/USD dropped massively on Wednesday when US CPI data confirmed hotter, more stubborn inflation pressures. The shorter-term measures of inflation like the month-on-month comparisons revealed what appears to be hotter price pressures with added momentum. As such, the pair continues to plummet, gaining acceleration on Friday as the pair traded through 1.0700 with...

Forex_Master-

Gold price (XAU/USD) preserved its bullish momentum and registered strong gains in the first three days of the week. Following a short-lasting correction on Thursday, the pair regained its traction and touched a new record high above $2,300 on Friday.

Forex_Master-

EUR/USD went into a consolidation phase near 1.0850 after closing in positive territory on Monday. The near-term technical outlook points to a bullish tilt but investors could refrain from betting on an extended Euro recovery unless it clears 1.0870 resistance.