The gold price (XAU/USD) has been facing significant selling pressure for the second consecutive day, resulting in a drop to a two-week low. This downward trend can be attributed to technical selling activities. However, the decline is expected to be limited due to certain supporting factors in the market. One such factor is the growing
Forex News
With the Bank of Canada potentially lowering interest rates for the second time in the current cycle, market analysts are closely monitoring the situation. The seasonal adjusted monthly rates of change are in line with inflation targets, indicating a rate cut may be imminent. The market has already priced in this possibility, with the Bloomberg
The NZD/USD pair is currently facing downward pressure around 0.5945 in the early Asian trading session, with a 0.25% decline on the day. This decline can be attributed to rising expectations of rate cuts by the Reserve Bank of New Zealand (RBNZ) and concerns about sluggish Chinese economic activity. The recent softer Consumer Price Index
In July, the Small and Medium Enterprise Index (SMEI) rebounded to 50.4, showing signs of recovery in expectations and credit conditions. This improvement was evidenced by a rise from 49.9 in June, bringing the SMEI back into expansionary territory. Standard Chartered economists Hunter Chan and Shuang Ding noted that this rebound was largely due to
After carefully examining the Elliott Wave analysis on the Australian Stock Exchange (ASX) related to COCHLEAR LIMITED – COH, it is evident that the analysis focuses on wave ((4)) – navy concluding as a Triangle, and wave ((5)) – navy ready to advance. The analysis indicates that wave ((4)) – navy ended at the low
When it comes to investing, it is crucial to understand the risks and uncertainties involved in forward-looking statements. The information provided on various platforms is for informational purposes only and should not be taken as a recommendation to buy or sell any assets. It is important to conduct your own research and analysis before making
The New Zealand Dollar (NZD) has been facing a downward trend recently, with FX strategists Quek Ser Leang and Peter Chia from UOB Group noting that there is still potential for the NZD to drop below 0.6000. In the 24-hour view, it was mentioned that even though the NZD declined as expected, it dropped more
The EUR/USD pair edged higher to 1.0895 in Monday’s early Asian session, up 0.12% on the day. This increase can be attributed to Fed’s Williams statement that the US central bank is “getting us closer to a disinflationary trend that it’s looking for.” The rising bets on the Federal Reserve rate cut in September and
The Brent oil price experienced a significant drop to a monthly low of USD 83.5 per barrel this week due to weak Chinese data. This volatility in the market was closely followed by a recovery, as noted by Commerzbank’s commodity strategist Carsten Fritsch. Despite the initial fall in prices, the time spreads of the Brent
Gold prices in the Philippines saw a decline on Thursday, according to data compiled by FXStreet. The price for Gold dropped to 4,580.42 Philippine Pesos (PHP) per gram, compared to 4,607.54 PHP on the previous day. Similarly, the price per tola decreased to 53,425.16 PHP from 53,741.41 PHP. These fluctuations in Gold prices can have
The price of Gold in the United Arab Emirates remained relatively stable on Thursday, with data collected by FXStreet indicating that it stood at 290.59 United Arab Emirates Dirhams (AED) per gram. This price was only slightly higher than the previous day’s cost of AED 290.38. Similarly, the price per tola of Gold also showed
The US Dollar has recently experienced a significant fall, reaching its lowest value since March. This decline can be attributed to several key factors, such as the Federal Reserve’s dovish stance and lower US Treasury Yields. The market sentiment towards the USD has been impacted by the expectation of potential rate cuts by the Federal
- « Previous Page
- 1
- …
- 11
- 12
- 13
- 14
- 15
- …
- 23
- Next Page »