GBP/USD edges up after bottoming out at 1.3010, with a ‘hammer’ pattern signaling potential for further upside. Clearing the October 10 high of 1.3093 and the 50-DMA at 1.3099 would open the door for buyers, with resistance at 1.3113 and […]
Bounces from weekly lows as ‘hammer’ hints reversal Read More »
Gold edges bouncing from a daily low of $2,603 after US inflation data showed a slight increase, tempered by weaker jobs figures. The swaps market now expects the Fed to cut rates by 25 bps at the November meeting, boosting
Gold rallied post-US data, yet Bostic remarks limits upside Read More »
Gold declined as Fed Minutes revealed a “substantial majority” backed a 50 bps cut, while some preferred 25 bps. CME FedWatch Tool shows lower odds of a 25 bps cut, down to 75.9%, with rising expectations for a rate pause.
Gold price tumbles as US yields surge after FOMC minutes Read More »
Gold drops to a daily low of $2,604 amid truce hopes between Israel and its neighbors. Safe-haven demand weakens as Hezbollah supports ceasefire efforts, while rising US Treasury yields further weigh on Bullion. Traders adjust Fed rate cut expectations with
Gold price slips on Middle East truce calls, clings above $2,600 Read More »
Gold trades at $2,645, down 0.30%, as US 10-year Treasury yields rise to 4.026%, capping further upside. Middle East conflict escalation involving Israel, Hamas, and other groups like Houthis supports Gold amid risk-off sentiment. Market expectations of a 25 bps
Gold treads lower as US yields rise amid risk aversion Read More »
GBP/USD declines 0.26% to 1.3076, after peaking at 1.3134, influenced by dovish BoE remarks and rising US Treasury yields. Bearish RSI indicates seller dominance; key supports are at the 50-DMA of 1.3077, 1.3031, and 1.3001. Resistance stands at 1.3100, with
Extends losses below 1.3100 on BoE’s dovish stance Read More »
USD/JPY rallies over 1% after US Nonfarm Payrolls added 254K jobs, lifting US Treasury yields. Bulls target a decisive break above 149.39 and 150.00, with next resistance at the 200-DMA of 151.06. Support lies at 148.00, followed by the Senkou
Skyrockets and climbs above 148.00 Read More »
AUD/USD falls following robust US Nonfarm Payrolls data, reducing the likelihood of aggressive Fed rate cuts. Fed Chair Powell signals slower pace of easing, with markets now pricing in a 25 bps cut for November. Australian data shows mixed results
Aussie Dollar slips on robust US data, eyes on next week’s US inflation Read More »
Gold drops after robust US jobs report lowers pressure on the Fed. US 10-year T-note yield climbs to 3.971%, while the US Dollar Index hits mid-August highs at 102.58, capping Gold’s rise. Geopolitical risks involving Israel and Iran to support
Gold price slumps as strong US NFP hints small Fed rate cuts Read More »
Mexican Peso rises after strong US Nonfarm Payrolls data for September crushed estimates. Mexico’s data showed an uptick in unemployment, while Automobile Exports and Production increased in September. US Unemployment Rate edged lower, easing recession fears. The Federal Reserve is
Mexican Peso soars as US stellar jobs data eases recession fears Read More »
