Gold price recovers from initial profit selling after reaching a 10-week peak

Gold price recovers from initial profit selling after reaching a 10-week peak

Gold prices in New York experienced an increase on Friday, overcoming initial profit-taking as the market reacted to July’s softer inflation data, which seemed to diminish the likelihood of a Federal Reserve interest rate hike in September. The December contract for gold, which is the most actively traded, climbed 0.3%, reaching $4,435.00 per ounce after […]

Freddie Mac reports that the 30-year fixed mortgage rate has hit an 11-month peak.

New homebuyers find some help, but affordability continues to be difficult.

Marcus Lemonis asserts that skyrocketing housing prices are mainly a result of inadequate supply rather than just regulatory issues. He points out the significance of permits and safety inspections, and challenges the notion that reducing bureaucratic barriers would drastically cut prices. This week, mortgage rates saw another increase, hitting their highest level in almost a […]

GBP/JPY Price Outlook: Pulls back from 18-year peak, faces challenges at 220

GBP/JPY Price Outlook: Pulls back from 18-year peak, faces challenges at 220

The GBP/JPY currency pair fell about 0.34% on Thursday after hitting an 18-year peak of 219.62 the day before. However, with some recovery in the yen, the pair has now settled at approximately 218.80. GBP/JPY Price Forecast: Technical Outlook Even though the pair didn’t breach the 220.00 mark, it was still on a positive trajectory, […]

EUR/JPY Price Outlook: Stays close to the symmetrical triangle peak near 185.50

Indonesian Rupiah gains backing before BI policy decision

EUR/JPY Movement and Technical Analysis The EUR/JPY pair experienced a rise for the third consecutive day, trading around 185.40 during Asian hours on Wednesday. This currency cross is currently positioned above both the 9-period and 50-period exponential moving averages (EMAs), supporting a slightly bullish sentiment. The 14-day Relative Strength Index (RSI), hovering around 53, indicates […]

AUD/USD Outlook: Retracts from two-week peak as 38.2% Fibo. limits

Australian Dollar relies on a support from China that is slowly weakening.

AUD/USD Analysis The AUD/USD has pulled back a bit from the two-week peak of 0.6960 reached during Tuesday’s Asian trading, and it seems the recent three-day rally might have stalled for the time being. Still, the drop doesn’t seem particularly strong, so it’s probably best to be cautious before deciding that the recent recovery from […]

USD/CHF Price Outlook: Looking to continue rise towards one-year peak near 0.8170

USD/CHF Price Outlook: Looking to continue rise towards one-year peak near 0.8170

The USD/CHF currency pair dipped by 0.16% to approximately 0.8110 during European trading on Thursday, pulling back from a recent peak of 0.8140, reached just a day earlier. Overall, the outlook for the Swiss franc remains quite resilient as the US dollar continues to show strong performance. At the same time, the US Dollar Index […]

United States Dollar Index stays near its 13-month peak.

US Dollar recovers from daily lows, Trump announces Iran deal is signed

US Dollar Index Stabilizes Amid Economic Forecasts The U.S. Dollar Index (DXY), which assesses the dollar’s value against six key currencies, has stabilized around 101.00 during Asian trading on Tuesday, following some modest gains the day before. With a hawkish sentiment regarding the U.S. Federal Reserve’s policy outlook, the index is lingering near the 13-month […]