Category: Markets

The Gold price (XAU/USD) continues to drift lower during Thursday’s Asian session, extending its retracement from a monthly high registered earlier this week. After climbing to its strongest level since June 16, the precious metal faces sustained selling pressure, driven primarily by waning safe-haven demand in the wake of renewed trade optimism. The experts at...

The EUR/USD currency pair surged to its highest level since July 7, marking a third straight day of gains. It has rallied by 1.67% from this month’s lows, with momentum driving it just below its year-to-date high of 1.1830.  This move comes ahead of a highly anticipated European Central Bank (ECB) policy decision, placing the...

Bitcoin is once again at the center of global financial discussions, surging past a critical psychological resistance level of $120,000. The BTC/USD pair is now trading just a few points below its all-time high of $123,205, establishing a bullish tone in the broader cryptocurrency market.  This renewed momentum highlights Bitcoin’s ability to recover swiftly, as...

The GBP/USD currency pair has resumed its upward momentum, extending gains from a clearly defined bullish double bottom at the $1.3375 level. In a market heavily influenced by macroeconomic sentiment and technical patterns, the current landscape shows both fundamental and technical alignment favoring the bulls.  This article by the brokers from Arbitics explores the technical...

The AUD/USD currency pair surged for the third consecutive trading session, climbing to 0.6550 from last week’s low of 0.6454, marking a key shift in market sentiment.  This upward move follows hawkish minutes from the Reserve Bank of Australia (RBA) and a notably restrained speech from Federal Reserve Chair Jerome Powell. The brokers at Arbitics...

The Silver price (XAG/USD) is currently trading in a tight range around the $38.00 level, showing a noticeable consolidation pattern during the Asian trading session on Wednesday.  This sideways price action underscores a cautious market mood, as investors await critical updates from the ongoing trade negotiations between the United States (US) and the European Union...

The Japanese Yen (JPY) made a minor rebound against the US Dollar (USD) in Thursday’s trading session, paring back a portion of earlier losses. Despite the intraday recovery, the broader narrative remains unfavorable for the Yen. A combination of disappointing trade data, reduced expectations for Bank of Japan (BoJ) rate hikes, renewed USD strength, and...

The US Dollar Index (DXY) is showing renewed strength, climbing toward the 98.50 level during Thursday’s Asian trading session, as investors turn their attention to the upcoming US Retail Sales data for June. The DXY, which measures the value of the US Dollar (USD) against a basket of six major currencies, including the Euro (EUR),...

The GBP/JPY currency pair is experiencing renewed selling pressure on Wednesday, retreating toward the 198.00 level after another unsuccessful attempt to break above the critical 200.00 psychological threshold.  Despite stronger-than-expected UK inflation and retail sales data, bullish momentum has faltered, prompting a technical pullback in the pair as traders reassess near-term direction. Fletrade sheds light...

The EUR/JPY currency pair is showing signs of cooling after marking a new yearly high of 173.25 earlier in Wednesday’s session. By mid-American trading hours, the pair had slipped to trade around the 172.00 level, pulling back amid a stronger Japanese Yen (JPY) and growing caution ahead of key economic and political events in Japan...