Yesterday's American economic data release was met with a surprising shrug by the market. The numbers themselves were a bit underwhelming, suggesting some weakness in the US economy. However, this didn't stop the US dollar from continuing its upward...
Strengthening the US Dollar and Increasing Treasury Yields: Gold prices have recently fallen by 0.59%. This decrease is due to the US dollar getting stronger and Treasury yields increasing. A stronger US dollar makes gold more expensive for those...
EUR/JPY analysis: When EUR/JPY approaches the level of 171.30, it presents an opportunity for traders to assess the potential for further market movements. Specifically, if the pair manages to overcome this level, it may trigger a significant...
The EUR/JPY exchange rate has been on an upward trajectory, with a strong bullish candlestick formation observed yesterday. This candlestick not only settled above the previous daily high of 170.322 but also surpassed a key resistance level. Given...
Hello all traders how are you? Gold prices took a sharp turn on Friday, reversing course and dropping over 1.7%. This decline came after positive US economic data fueled investor expectations for a slower pace of interest rate cuts from the Federal...