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The price of Gold in euros fell this Monday for the second consecutive day, falling to three-day lows, according to data from FXStreet. He The price of Gold in euros is currently at 2,624.20, losing 0.17% daily. Gold today reached a daily maximum of 2,632.85 euros per ounce and a three-day low at 2,615.10. On […]

Bearish momentum is increasing, but this will likely lead to a lower trading range of 7.3200/7.3500 rather than a sustained decline. In the long term, the bullish momentum has dissipated; The US Dollar (USD) is likely to trade in a range between 7.3100 and 7.3650. UOB Group FX analysts Quek Ser Leang and Peter Chia […]

Even though the rally in crude oil prices lost steam towards the end of last week, ICE Brent still managed to close almost 1.3% higher on the week and stay above $80 a barrel, analysts say of ING raw materials, Warren Patterson and Ewa Manthey. Oil markets weighed down by uncertainty “There is a considerable […]

Gold price stabilizes in European trade as traders wait for President Donald Trump to take office. US markets remain closed this Monday, although traders are preparing for an eventful week. Gold holds at $2,700 as concerns of further decline mount. Gold price (XAU/USD) trades marginally positive on Monday and remains around $2,700 after an earlier […]

The Australian Dollar (AUD) is expected to trade in a range of 0.6165/0.6220. Longer term, for now, AUD is likely to trade in a range of 0.6140/0.6245, note UOB Group FX analysts Quek Ser Leang and Peter Chia. The momentum seems to have faded 24-HOUR VIEW: “We indicated last Friday that ‘the current price movements […]

Sterling outperforms major peers as weak UK data weighs on gilt yields. Market experts project an interest rate cut of 100 basis points by the BoE this year. The risk profile turns favorable for risk assets ahead of Trump’s inauguration. The British Pound (GBP) recovers against its major peers at the start of the week. […]

When asked about the chances of an EU trade conflict over the weekend, the European Central Bank’s Isabel Schnabel said it was ‘very likely’, notes ING FX analyst Francesco Pesole. 1.0400/0435 range will limit any surprises in EUR/USD rally “Perhaps the euro should worry that online prediction markets are only underpricing EU tariffs this week. […]

GBP/JPY continues to gain ground due to improving market sentiment. The British Pound could struggle due to the increased likelihood of BoE rate cuts in 2025. Japan’s basic machinery orders grew 3.4% MoM in November, marking the highest growth in nine months. GBP/JPY extends its gains for the second day in a row, trading around […]

USD/CAD retreats from 1.4485, the highest level since March 2020, reached on Monday. The bullish bias remains intact, with the 14-day RSI above the 50 mark, signaling sustained upward momentum. The nine-day EMA at the 1.4405 level serves as initial support for the pair. The USD/CAD pair ends its two-day winning streak, trading near 1.4450 […]

EUR/USD recovers near 1.0300 as risk mode is activated, with investors focused on Trump’s inauguration. The Fed is expected to keep interest rates at their current levels for the May policy meeting. The ECB’s Stournaras warns that higher tariffs by the US could drag Eurozone inflation below the central bank’s target. EUR/USD rises sharply near […]