The very simple case for buying gold – ForexLive
Gold came under selling pressure early this morning but rebounded to trade up $7 to $2,524, which would be its highest closing price on record. Since the price hit an intraday record of $2,531 last week, things have been surprisingly quiet in the gold market, which is a positive thing in a bull market. Many […]
EURUSD has been following yield differentials higher – ForexLive
The recent huge upside momentum in EURUSD has surprised me, the pair is currently sandwiched between a major resistance at 1.1278 (July 2023 High) and support at 1.1140 (December 2023 High). EURUSD Momentum Now, if we look at the spread between the 2-year and 10-year yields, we can see that essentially this spread between the […]
EUR/USD eyes stronger breakout as dollar falters on the week – ForexLive
EUR/USD has certainly been taking strides this week, with the pair now up for four consecutive days. First it was looking to sustain the break above 1.1000. Then it was looking to challenge the December highs of 1.1123-39. Now the pair may push further towards a 2023 high of 1.1275. EUR/USD weekly chart So far […]
Dollar sluggish to start the new week – ForexLive
USD/JPY isn’t the only mover today. The dollar has also fallen against other major currencies, with EUR/USD being the most notable. The pair has edged up to 1.1040 after Friday’s rally and looks poised to settle at its highest since December. The dollar’s struggles come even as traders have backed off on their outlook for […]
ForexLive Asia-Pacific FX news wrap: AUD higher on the session, solid jobs report – ForexLive
High Risk Warning: Foreign exchange trading involves a high degree of risk and may not be suitable for all investors. Leverage increases risk and loss. Before trading foreign exchange, you should carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some or all of your initial investment. Do not invest […]
Goldman Sachs: Looking for opportunities to engage in USD/JPY longs but just not yet – ForexLive
USD/JPY Daily Synopsis: Goldman Sachs has analysed the recent USD/JPY sell-off and expects a stabilisation near the 150 level, outlining a cautious approach to re-entering long positions. Key Point: Recent USD/JPY movements: decline: USD/JPY has fallen nearly 10 from a peak of around 162 in early July. factor: This big move was driven by a […]
USD/JPY drops below 155.00 mark for the first time in seven weeks – ForexLive
USD/JPY daily chart This week has seen a recurring theme of the Japanese Yen garnering some buying orders in currency deliveries from Asia to Europe. And overall, the Yen itself has held up across the board, even as the dollar has also held up against other currencies in the major currency zone. And this is […]
Monday morning open levels – indicative forex prices – USD a touch stronger – ForexLive
High Risk Warning: Foreign exchange trading involves a high degree of risk and may not be suitable for all investors. Leverage increases risk and loss. Before trading foreign exchange, you should carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some or all of your initial investment. Do not invest […]
USD/JPY update, having a Freaky Friday – ForexLive
First, let’s look at how we got here. Thursday US time: Asia, Friday morning: As soon as I published my last post I was branded a liar and it plummeted again to below 158.20. The Bank of Japan has been active, with the Nikkei newspaper reporting a series of “interest rate checks” (explained below where […]
AUD/USD pops a little on better than expected data – ForexLive
High Risk Warning: Foreign exchange trading involves a high degree of risk and may not be suitable for all investors. Leverage increases risk and loss. Before trading foreign exchange, you should carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some or all of your initial investment. Do not invest […]