What you need to know on Friday, January 21: The dollar traded soft on Thursday, ending the day mixed on the FX board. The EUR was among the weakest, while the AUD and CAD were the strongest. Disappointing US jobs-related figures were behind broader dollar weakness at the start of the US session as weekly […]
Tag: Oro
Forex Today – Asian Session: Dollar Rises Again Along With High Treasury Yields
What you should know on Wednesday, January 19: The US dollar is the overall winner, against all of its major rivals. US Treasury yields soared to levels last seen in February 2022, with the 10-year yield hitting 1,856% and the 2-year yield topping 1%. Stocks fell, with global indices ending the day in the red. […]
XAU/USD makes 1-week lows below $1,810
XAU/USD tries to hold above $1810, still under downward pressure. Equity markets fall in Europe as do Wall Street futures. DXY rises for the third day in a row. The oro it is falling on Tuesday and maintains a bearish tone, affected by the rise in the dollar and the deterioration in the climate of […]
Forex Today – Asian Session: Dollar Consolidates Friday Gains as Investors Wait for New Catalyst
What you need to know on Tuesday, January 18: The week started in slow motion, with little action on the FX board. Chinese data released earlier in the day provided a modest boost to high yield assets, which reversed course during European trading hours. US markets were closed for the Martin Luther King Day celebration, […]
XAU/USD advances and returns above $1820
Gold rises again after two days with falls. XAU/USD continues to face strong resistance at $1830, with support above $1810. The oro is rising on Monday after rebounding fueled in part by a dollar pullback. The metal fell in the Asian session to $1,812, the lowest since Thursday, but then bounced back to as high […]
XAU/USD remains below $1,825
XAU/USD is trading sideways at $1,820 as it failed to react to the latest US retail sales report. Gold follows the lead of dovish bond and currency markets ahead of more US data later in the session. Given the recent stabilization of the US dollar and US bond yields, it is not surprising that gold […]
Forex Today – Asian Session: USD Sellers On Pause, But Maintaining Control
What you need to know on Friday, January 14: The market stabilized, with the dollar consolidating losses on Thursday. Risk appetite waned, preventing the dollar from falling further. Intraday gains in the greenback helped correct oversold conditions reached after Wednesday’s selloff. The aggressive attitude of the Federal Reserve was appreciated well before the release of […]
XAU / USD struggles to profit from dollar weakness and stuck at $ 1,825
Gold is stuck at the $ 1,820 zone, having struggled to benefit from recent USD weakness. US nominal and real yields remain resilient near recent highs, limiting gold’s appeal for now. Gold prices (XAU / USD) They have retreated from the Asian session highs / early European session highs at $ 1,828 in more recent […]
Forex Today – Asian Session: Market Wakes Up Following US Inflation Figures at 40-Year Highs
What you should know on Thursday, January 13: The dollar tumbled following the release of US inflation figures. The December Consumer Price Index was confirmed at 7% YoY, as expected, while the core reading beat expectations at 5.5%. The news, which often generates risk aversion, this time had the opposite effect. Stocks rose, although indices […]
XAU / USD continues to trade sideways in the $ 1,820 zone
Gold continues to trade practically lateralized on the day at the $ 1,820 zone after a higher than expected US CPI. In an unintuitive reaction, the dollar has weakened in recent trading, but technical resistance is preventing gold from profiting. Following a higher than expected US consumer price inflation (CPI) report, gold prices (XAU / […]