EUR/USD is making strides towards the 1.0902 mark fueled by positive sentiment, anticipating the release of the Non-Farm Payrolls (NFP) data.

In the early European morning on Friday, EUR/USD is continuing its upward momentum, approaching the 1.0902 level. The US Dollar is facing challenges in gaining traction, enabling the Euro to climb further amid a positive market sentiment. Attention is now focused on the upcoming release of the US Non-Farm Payrolls (NFP) data. Should sellers maintain … Read more

The price of gold is moving upward again, approaching the two-week high reached on Wednesday.

On Thursday, the price of gold (XAU/USD) experienced its fourth consecutive day of positive momentum, moving closer to a two-week high of around $2,056 reached the previous day. The weakening US Dollar (USD), influenced by declining US Treasury bond yields, has been advantageous for the precious metal, which does not yield interest. Ongoing geopolitical tensions … Read more

EUR/USD Price Analysis: Hovers near its lowest point for the month, attention stays on the upcoming Federal Reserve decision.

The EUR/USD faces renewed selling pressure due to a modest rise in USD demand. The current technical setup supports bearish traders, indicating a potential further decline. To reverse the near-term negative outlook, a sustained strength beyond the 1.0900 mark is necessary. During the Asian session on Wednesday, the pair encounters fresh selling interest, dropping to … Read more

GBP/USD Price Analysis: Hovering within a trading range above 1.2702 before the upcoming decisions from the Federal Reserve (Fed) and the Bank of England (BoE).

GBP/USD is consolidating within a trading range near 1.2707 as investors adopt a cautious stance before the Federal Reserve (Fed) and the Bank of England (BoE) announce their rate decisions later this week. The Relative Strength Index (RSI) indicates a lack of clear direction in the pair’s movement. Immediate resistance lies at 1.2737, while the … Read more

WTI experiences a decline amidst China’s real estate challenges, preceding the Federal Open Market Committee’s (FOMC) meeting.

WTI oil experiences a notable decline of over 1.50%, influenced by challenges in China’s property sector and the strength of the US Dollar. Despite geopolitical tensions, oil prices face pressure due to global economic uncertainties and central bank policies. The market eagerly anticipates insights from the API and EIA reports on US crude and distillate … Read more

The price of gold maintains slight increases in anticipation of the upcoming Federal Reserve meeting.

The price of gold receives a degree of support from rising geopolitical tensions in the Middle East. Additionally, the decline in US bond yields proves advantageous for XAU/USD, although the upward movement lacks sustained momentum. Traders exhibit caution as they approach the pivotal two-day Federal Open Market Committee (FOMC) monetary policy meeting. According to the … Read more

The Euro/US Dollar (EUR/USD) continues to face downward pressure, staying below the 1.0850 level, as tensions escalate in the Middle East geopolitics.

In Asian trading on Monday, the Euro/US Dollar (EUR/USD) is trading defensively, remaining below the 1.0850 level. The pair’s negative sentiment is bolstered by increased demand for the US Dollar, driven by escalating geopolitical tensions in the Middle East. Investors are apprehensive as they approach a significant week.  The pivotal support is marked by the … Read more

The likelihood of intervention will gradually rise if USD/JPY continues its upward drift towards the 150.00 mark

Today, the Japanese Yen (JPY) remains relatively stable, mirroring the overall limited movements observed in the foreign exchange (FX) markets. Analysts at Orbi Capital are assessing the outlook for USD/JPY. Discouraging Yen selling might be challenging as April appears to be too distant on the horizon There was a surprisingly large drop in the Tokyo … Read more