Greetings dear friends! Are you curious about the current price of gold? Currently, the value of gold is rebounding towards the $1,928 mark. It has received renewed interest around the $1,915 region. Despite a mixed market sentiment and an increase in US Treasury bond yields, gold is benefiting from a correction in the United States Dollar (USD). Wishing you...
Hello dear friends! So it seems like we have just gone through a week with a lot of market fluctuations, right? Currently, in the morning trading session on September 11th, the price of gold decreased by 0.02% to $1,918.3 per ounce. However, it quickly returned to the price level of $1,922 and traded relatively stable at this range. It can be seen that gold...
Hello everyone! Currently, the Pound Sterling (GBP) is experiencing a significant rebound as the negative outlook in the market begins to ease. However, there is still an underlying vulnerability. The GBP/USD pair is quickly recovering in anticipation of the United Kingdom's Employment report for July. This report will provide insights into the current state of...
Hello everyone! Currently, the AUD/USD is experiencing an upward momentum above 0.6400 at the beginning of Monday, supporting the weakness of the US dollar due to USD/JPY selling and the increase in AUD/PY cross-rate. The market overlooks cautionary sentiment and higher US bond yields. On Thursday, Federal Reserve speakers supported keeping interest rates...
Hello dear friends! I am delighted to explore today's market with you. Currently, the EUR/USD pair is facing difficulties in making gains after experiencing volatile activity on Friday. The main focus remains around 1.0710 in the early Asian session on Monday. On Friday, the US Dollar (USD) ended its streak of eight consecutive weeks of gains as market...
Dear beloved readers, greetings! In a recent interview with Yomiuri Shimbun, Kazuo Ueda, the Governor of the Bank of Japan (BoJ), explained that the monetary policy adjustment in July is "a mechanism to balance the effects and side effects" of monetary easing measures. These comments sparked a significant increase in the value of the Japanese yen, pushing down...
Greetings to all! The USD/JPY pair is experiencing an upward movement after pulling back from its highest level in several months, which was recorded at 147.87, early on Friday during the Asian trading session. Currently, the pair is trading near 147.36, reflecting a slight increase of 0.04% for the day. Kanda has expressed concerns about the recent decline in...
Hello dear friends! It is a great pleasure to share with you about today's market! Currently, after several days of decline, the price of gold today 8-9 has rebounded as international stocks plummeted, US bond yields and the value of USD declined. Gold has increased by $5 compared to the previous day's price of $1,915 per ounce and reached the threshold of $1,926.
Hello, it's great to see you all again for our conversation today! Currently, the price of gold has lost its momentum and decreased to around $1,919 during Friday's American trading hours. The yield on the benchmark 10-year US Treasury bond has rebounded to approximately 4.25% after starting the day in a negative zone. As a result, XAU/USD has extended its...
Hello dear traders! Currently, the EUR/USD is maintaining stability at the 1.0700 level in Friday's US trading session due to the optimistic market sentiment reflected by the rising US stocks, which prevents the USD from gaining strength. However, this currency pair is still on track to end its eighth consecutive week in negative territory. Wishing you all a...
Hello wealthy traders! It is a pleasure to join you in exploring today's market. The price of gold continues to decline, with gold trading around $1,916.5 per ounce, a decrease of $9.4 from the previous trading session. We can observe that the strength of the US dollar and bond yields are major factors putting significant pressure on gold, causing it to decline...
Hello dear friends! The price of gold on the market today has seen a significant recovery, reaching 1925 USD, an increase of about 6 USD compared to the same time yesterday. Gold remains resilient despite the rising value of the US dollar. Meanwhile, the decrease in yields on 10-year Treasury bonds to their lowest level in two weeks has provided some support for...
The AUD/USD is trading lower at around 0.6383-85 in the early hours of Thursday's European trading session, overshadowing the previous day's recovery from a 10-month low. Support levels: 0.6350, 0.6330, 0.6300 Resistance levels: 0.6405, 0.6440, 0.6460
Dear valued traders, greetings! Currently, the AUD/USD is attempting to recover but is still being limited below 0.6400 in the Asian trading session on Friday. Despite concerns about China and a risk-averse market environment, this currency pair has been reinforced by recent selling of the US Dollar. On the 4-hour chart, the currency pair is moving within a range...
Hello! During the Asian session on Friday, GBP/USD has ended its three-day losing streak and is now trading higher around 1.2490. The pair's current upward movement can be attributed to a correction in the US Dollar (USD), which had been on a winning streak for three days prior. This correction is mainly due to the pullback in US Treasury yields, with the 10-year...
The British pound (GBP) has significantly decreased due to increasing risk concerns and cautious remarks from Bank of England (BoE) Governor Andrew Bailey and policy planner Swati Dhingra regarding September's monetary policy decision. The GBP/USD pair is expected to face continued challenges due to policy differences between BoE and the Federal Reserve, which may...
The USD/JPY pair is retreating from its year-to-date (YTD) high of 147.87 and currently trading around 147.457. Better-than-expected US data has boosted the US Dollar (USD) against its counterparts. Traders will closely monitor Japan's Gross Domestic Product (GDP) in the second quarter on Friday, as well as July's cash earnings and current account data to find...
Today, EUR/USD continues to overcome obstacles to extend its upward momentum for the second consecutive day, trading slightly higher around the level of 1.07247. The stronger US dollar is putting pressure on this currency pair as investors seem pleased with the hawkish view surrounding the Fed's decision to maintain higher interest rates in the long term. The...