Forex Market News
NZDUSD Weakens to Around 0.6100 as a Result Of The Strengthening US Dollar
Throughout Friday’s Asian session, the NZD/USD pair continued to decline, closing in on 0.6110. The US Dollar (USD), which recovered after hitting multi-week lows on Thursday around 104.00, is responsible for this fall. About inflation and the possibility of rate reductions in 2024, the Federal Reserve (Fed) continues to take
The Price of Gold is Down, With all Eyes on Fedspeak
Monday’s Asian session sees the price of gold trading down. The Fed’s hawkish comments and mounting rumors that it may postpone its easing plans have strengthened the dollar and depreciated gold pegged in US dollars. The price of gold is gradually declining today. However, the yellow metal’s bullish posture is
Asia Open Living Vicariously Off of Predicted Rate Cuts Markets
Markets Tuesday’s advances in U.S. market indexes came as worries over an overheating economy in the country subsided, especially in light of recent economic reports that showed data shocks that were at their worst points since February of last year. These events are rekindling the belief that rate cuts from
Forecast For Gold Prices XAUUSD Rises on Cautious Market Sentiment and Targets $2,400
The price of gold bounces back from its recent lows, trading on Thursday during the Asian session at about $2,370 per troy ounce. Amid increased geopolitical tensions in the Middle East, traders are becoming more cautious, helping the safe-haven yellow metal gain ground. According to Reuters, Israeli retaliation to Iranian
Return to Buying With Caution
Until the services PMI showed extremely risky sectoral performance, which also turned the Nasdaq around, the S&P 500 bears were in the lead. The ADP employment change was acceptable; nevertheless, considering the manufacturing PMI’s prior success in exceeding expectations, I was expecting a substantial beat from the services PMI as
Gold Reaches a New High Amid Growing Tensions in The Middle East and High US Yields
The price of Gold rose to fresh all-time highs of $2,276 late in the North American session despite rising US Treasury yields and geopolitical concerns. The US economy’s economic data caused investors to flee to safe-haven assets, which increased the price of yellow metal. As of this writing, XAU/USD is
NZDUSD Weakens to Around 0.6100 as a Result Of The Strengthening US Dollar
Throughout Friday’s Asian session, the NZD/USD pair continued to decline, closing in on 0.6110. The US Dollar (USD), which recovered after hitting multi-week lows on
The Price of Gold is Down, With all Eyes on Fedspeak
Monday’s Asian session sees the price of gold trading down. The Fed’s hawkish comments and mounting rumors that it may postpone its easing plans have
Asia Open Living Vicariously Off of Predicted Rate Cuts Markets
Markets Tuesday’s advances in U.S. market indexes came as worries over an overheating economy in the country subsided, especially in light of recent economic reports
Forecast For Gold Prices XAUUSD Rises on Cautious Market Sentiment and Targets $2,400
The price of gold bounces back from its recent lows, trading on Thursday during the Asian session at about $2,370 per troy ounce. Amid increased
Return to Buying With Caution
Until the services PMI showed extremely risky sectoral performance, which also turned the Nasdaq around, the S&P 500 bears were in the lead. The ADP
Gold Reaches a New High Amid Growing Tensions in The Middle East and High US Yields
The price of Gold rose to fresh all-time highs of $2,276 late in the North American session despite rising US Treasury yields and geopolitical concerns.
Spot Bitcoin ETFs Become More Popular as Financial Firms Reveal Their Holdings
$77.5 million worth of spot Bitcoin ETFs were held by billionaire Steve Cohen’s Point72. This occurred at the same time that financial firms saw a
Crypto Business Galaxy, CoinShares Q1 Earnings, Blockchain-Based ETFs
This week’s Crypto Biz highlights the financial results of CoinShares and Galaxy Digital, the CEO of Franklin Templeton’s blockchain wager, Polymarket’s investment round, and a
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