Gold Price Forecast: XAU Consolidates as Weekly Bearish Signal Looms – FXEmpire
Weekly Bearing Star Candle Form Next is the one-week bear candlestick pattern that will be completed this week. However, this is only effective if it is triggered by a decrease of $3,260 below the weekly minimum. Gold is beyond the main potential support zone, with this week’s range from $3,260 to $3,500, so there may […]
USDCAD awaits breakout as price consolidates between key moving averages – Forexlive
Canada’s retail sales in February were -0.4% as expected, but former cars were stronger (there was a tough month in the automotive industry). Looking at preliminary March data in the future, our forecasts are against a solid 0.7% increase. This data helped to push CAD moderately high (low USDCAD), but there is still a pair […]
Gold consolidates in a range; bulls have the upper hand while above $3,300 – FXStreet
Gold Price Bulls appears to be reluctant as positive risk tones undermine demand for safe assets. Thursday’s bright US macro data supports USD and contributes to capping precious metals. Trade-related uncertainty and Fed rate reduction bets should help limit the loss of XAU/USD pairs. Gold Price (XAU/USD) struggles to boost and vibrate the previous day’s […]
EUR/USD Price Analysis: Consolidates near 1.0800 with bullish trend under soft pressure – FXStreet
EUR/USD was seen hovering near the 1.0800 area after announcing mild losses on Wednesday. Despite the softness of the daytime, the broader trend remains bullish and supported by an average of upward movement. MACD indicates sales signal, support is 1.0770 and resistance is 1.0820 or later. The EUR/USD is trading at a slight weakness in […]
Gold price consolidates above $3,000; downside potential seems limited – FXStreet
Gold Price Bulls appears to be reluctant amid a positive risk tone and a recent US dollar recovery. The Fed's resumption of interest rate reduction cycles bets that it will soon support bullion. Tuesday's US macro data and Fed Speak could provide driving force for the Xau/USD pair. Gold Price (XAU/USD) is struggling to gain […]
Gold price consolidates near one-week top amid trade jitters, bearish USD – FXStreet
Gold prices remain stable near a weekly high, lacking bullish convictions. Trade war horrors, Fed rate reduction measures, and bearish USD support the Xau/USD pair. Positive risk tones limit products ahead of Friday's US NFP report. Gold Price (XAU/USD) struggles firmly during the Asian session, extending the movement of horizontal integrated pricing for the second […]
Forex Today: US Dollar consolidates losses, markets await comments from Fed officials – FXStreet
Here's what you need to know on Monday, February 17th: The major currency pairs trade near the closure level of the previous Monday, as trading terms remain thin, and US financial markets remain closed in compliance with President's Day holidays. The economic calendar does not provide a release of high-rise data, but investors will pay […]
US Dollar consolidates ahead of possible weekend tariffs – FXStreet
The US dollar holds over 108.00 grounds as traders are waiting for the weekend tariffs. Trump is threatening 100 % of Brics countries in the case of US dollars in US trade. US PCE inflationata shows stable price pressure and enhances the Fed's cautious posture. The US dollar index appears nearly 108.50 and indicates a […]
Saylor signals impending purchase as BTC consolidates around $104K – Cointelegraph
MicroStrategy co-founder Michael Saylor has posted a Bitcoin (BTC) tracker for 12 consecutive weeks, indicating an impending Bitcoin purchase on January 27th. The company’s most recent purchase of 11,000 BTC occurred on January 21st at an average purchase price of $101,191 per coin. According to SaylorTracker, MicroStrategy currently holds 461,000 BTC, valued at approximately $48.4 […]
EUR/USD consolidates in illiquid market amid year-end trading – FXStreet
EUR/USD rose to around 1.0440 during a period of low trading volume. Due to the ECB's dovish leadership and the possibility of a trade war with the US, the euro is expected to end the year down by around 5.5% against the US dollar. This week, US investors will focus on December US ISM manufacturing […]