Gold stays below $3,400 but remains above the 20-day EMA.
Gold prices are seeking new catalysts to break through the significant resistance at $3,400. Federal Reserve officials appear to be leaning towards a more dovish stance on monetary policy. President Trump intends to impose tariffs on China for purchasing oil from Russia. Gold Price (XAU/USD) is having a hard time surpassing the critical $3,400 mark […]
Pound Sterling stays calm around 1.3350 before BoE decision
The Bank of England is set to lower interest rates by 25 basis points on Thursday, which could influence GBP/USD movements. Trump plans to confirm a new Federal Reserve chair and Kugler by the end of this week. Federal Reserve officials pointed out that ongoing uncertainty remains a significant challenge for clear policy communication. GBP/USD […]
Democrat state senator stays dedicated to informing undocumented immigrants about ICE raids in her state
Arizona Senator Warns Immigrants About Federal Enforcement Arizona Senator Analiz Ortiz (D) has taken to social media to alert undocumented individuals about upcoming federal immigration law enforcement activities in the state, stating her intention to keep this practice going. On X, a social media account called Tiktok’s Libs shared a screenshot from Ortiz’s Instagram Stories. […]
Australian Dollar stays low while US Dollar remains steady before ISM Services PMI report.
Even with positive domestic S&P PMI data, the Australian dollar faces pressure. China’s Caixin Services PMI rose unexpectedly to 52.6 in July, compared to the forecasted 50.2. Governor Adriana Kugler’s resignation offered Trump an earlier chance to sway the central bank’s direction. The Australian Dollar (AUD) is experiencing a downturn for the second consecutive day, […]
US Dollar Index stays above 98.50, worries increase as Trump dismisses BLS Commissioner
The US dollar index makes a comeback after dipping nearly 1.5% on Friday. The recent US employment report has raised the likelihood of two Federal Reserve interest rate cuts. The spotlight is on the Trump administration’s rejection of BLS commissioner Erica Mantelfer following disappointing employment figures. The US Dollar Index (DXY), which evaluates the value […]
Gold Price Outlook: XAU/USD stays negative, with $3,345 expected to support buyers
Gold is currently making a corrective recovery against the US dollar, facing resistance at $3,345 and $3,360. Strong GDP figures and hawkish expectations from the Fed are influencing the market. XAU/USD exhibits a bearish flag pattern, targeting a measured value of $3,245. On Wednesday, gold (XAU/USD) showed some upward movement, partly due to a slightly […]
US Dollar Index stays under 99.00 before Fed policy meeting
The US Dollar Index’s Streak Comes to an End The US Dollar index will halt its winning streak ahead of the Fed rate decision. The Fed is expected to not change its benchmark interest rates in July. US Treasury Secretary Scott Bescent said the US and China will continue to talks on maintaining the tariff […]
Ceasefire between Thailand and Cambodia Stays in Place as Refugees Go Back Home
Ceasefire Negotiated by Trump Between Thailand and Cambodia Faces Challenges The ceasefire brokered by President Trump between Thailand and Cambodia seemed to be in effect on Tuesday, but Thailand has accused Cambodia of breaching the agreement by conducting “continuous and indiscriminate attacks” on its territory along the border. Scheduled to take effect at midnight, this […]
EUR/USD stays under 1.1600 as US-EU trade agreement seems to benefit the US economy.
EUR/USD Outlook as US Trade Optimism Grows The EUR/USD may face challenges as the US dollar gains strength from US trade optimism. Recent trade agreements between the US and the EU have resulted in 15% tariffs on a majority of European goods. France has criticized the US-EU trade deal, calling it a “dark day” for […]
Australian Dollar stays weak while US Dollar remains steady amidst trade optimism.
The Australian dollar is currently facing challenges as the US dollar gains traction, bolstered by optimism surrounding a trade agreement between the US and the European Union. US-China trade discussions are set to recommence on Tuesday. The Reserve Bank of Australia (RBA) is expected to closely observe employment data for June and inflation figures for […]