Recently, the gold price has experienced positive traction and has climbed back closer to a two-week top. There are several influencing factors contributing to this movement. One of the key factors is the weakening US Dollar, which has been on a downward trend for the fourth consecutive day. This depreciation of the USD is attributed
Forex News
The UK’s Labour Party, under the leadership of Keir Starmer, is projected to secure a significant majority in the upcoming 2024 election, according to an exit poll. This forecast suggests that Labour could potentially claim around 410 seats in the 650-seat House of Commons, while the Conservatives are estimated to only secure 131 seats. This
The US markets closed recently as the country commemorated its efforts to break free from monarchy rule. There has been some buzz in the media regarding the possibility of US President Biden running for re-election. Nevertheless, the markets are not expected to show any significant reaction to such speculations, at least not at this early
EUR/JPY is currently trading around 173.80 during the early European session, up by 0.20% for the day. The weakening of the Japanese Yen can be attributed to the recent data showing contractionary business activity in Japan during June. The final reading of Japan’s Services PMI fell to 49.4 in June from 49.8 in May, marking
The recent discussions by Federal Reserve (Fed) Chairman Jerome Powell and European Central Bank (ECB) President Christine Lagarde shed light on the current monetary policy outlook. Powell emphasized the stickiness of services inflation, indicating a potential challenge for policymakers. He also mentioned that wage increases are moderating towards sustainable levels, but still remain above equilibrium.
The fluctuation of gold price (XAU/USD) continues on Monday as it struggles to gain traction, oscillating below the $2,330 level during the Asian trading session. Traders are hesitant to make significant moves due to the uncertainty surrounding the Federal Reserve’s rate-cut path, leading to subdued price action. While recent US inflation data supports the likelihood
As of Monday’s early Asian session, gold prices are trading in negative territory near $2,325. This decline can be attributed to the recent easing of inflation in the United States, which has reached its lowest annual rate in over three years. Additionally, geopolitical tensions in the Middle East and political uncertainty surrounding France’s parliamentary election
The US Dollar (USD) is currently showing signs of strength as fresh buyers enter the market, pushing the USD Index (DXY) to a two-month high above the 106.00 mark. This bullish trend comes after a slight downfall inspired by softer US macro data the previous day. Traders are now eagerly awaiting the release of the
Recently, Japanese Finance Minister Shunichi Suzuki made comments regarding the foreign exchange market, stating that he will take necessary actions to address any issues that may arise. While he refrained from commenting on specific forex levels, he emphasized the importance of FX stability and the need to monitor FX movements closely. These statements come at
Gold prices in India have remained relatively unchanged, indicating stability in the market. As one of the most sought-after precious metals, Gold plays a significant role in various aspects of the economy, including its value as an investment asset and a safe-haven during turbulent times. Gold has a long-standing history as a store of value
When it comes to investing, it is essential to be aware of the risks involved. The information provided on various platforms may contain forward-looking statements that come with uncertainties and potential risks. It is crucial to understand that any investment decision should be made after thorough research and not solely based on the information provided
The Indian Rupee is currently experiencing a boost against the weaker US dollar, with inflows into India potentially lifting the INR. However, the overall strength in major Asian currencies and rising oil prices pose a challenge to further upside movement. Additionally, traders are closely watching key economic indicators such as the US Chicago Fed National
- « Previous Page
- 1
- …
- 16
- 17
- 18
- 19
- 20
- …
- 26
- Next Page »