What you need to know on Thursday, October 7: The major pairs traded alongside market sentiment. Stocks fell in Asia and Europe, weighed down by growth concerns. Concerns about bottlenecks were exacerbated by a 40% rise in gas prices in the UK as the energy crisis worsened. Rising inflationary pressures added to the depressing mood. […]
Tag: Oro
XAU / USD regains initial lost ground, lateralized below the $ 1,760 level
Gold managed to attract some buying on Wednesday’s dips amid the risk aversion boost. A stronger USD limited any significant upside potential for the dollar-denominated commodity. Investors also seem reluctant to place aggressive bets ahead of Friday’s NFP report. The oro it reversed an intraday slide to multi-day lows and again approached the upper end […]
XAU / USD hits six-day lows below $ 1750
Gold under pressure due to the rise of the dollar and a fall in the stock markets. The XAU / USD tries to return above $ 1,750, receiving a respite from a slight pullback in Treasuries. Market eyes on stock exchanges and ADP report. The Gold is falling 0.55% and is trading around $ 1,750, […]
Forex Today – Asian Session: Caution Grows Ahead of US Employment Figures
What you need to know on Wednesday, October 6: The dollar weakened modestly against most of its rivals, although currency pairs remained within familiar levels. The US data was mixed as Markit’s services PMI came in at 54.9 in September, better than the 54.4 expected. More relevant still, the official US ISM services PMI improved […]
XAU / USD weakens after failing to sustain above $ 1760
Gold declining after approaching $ 1770. Equity markets are cautious, the dollar with mixed results. The Gold is falling on Tuesday, after the rise on Monday and went back below the close on Friday. The value of the ounce had reached highs in a week at $ 1770, but then it began a pullback and […]
Forex Today – Asian Session: The Dollar Cuts Losses
What you need to know on Tuesday, October 5: The dollar lost some ground on Monday, but no critical levels were affected. Dollar losses were limited as the market mood was sour, with the focus on Evergrande and China’s financial stability. The EUR / SD pair is currently trading around 1.1620, after encountering sellers in […]
XAU / USD falls below $ 1750 after hitting a week high
Gold reverses the recovery trend and falls sharply. XAU / USD declined near $ 1770, losing ground below $ 1750. The Gold is falling at the start of the week and is trading at a minimum for the day at $ 1747, after having been at a week high at $ 1765 in Asian session […]
Gold Price Analysis: XAU / USD Has Solid Foundation After Rapid Recovery
Gold has recovered from lows as the market mood improves. The Confluence Detector shows that the XAU / USD has substantial support at $ 1,748. What goes down, must go up: After gold fell to $ 1,700, it quickly rebounded and is trading above $ 1,750 at the time of writing. The better market mood […]
XAU / USD sideways above $ 1750, looking at $ 1760 resistance
Gold in consolidation mode, clinging to much of Thursday’s gains. Recovery slows in the $ 1760 area. Losing dollar momentum supports XAU / USD. The oro It is trading in the ranges of $ 1,750 to $ 1,757, validating much of Thursday’s rally when it climbed from $ 1,725 ​​to a one-week high of $ […]
Forex Today – Asian Session: Overbought Dollar Shows Signs of Exhaustion
What you need to know on Friday, October 1: Risk aversion once again dominated financial markets, although the US currency was not the only beneficiary. Gold prices rose steadily, while safe haven currencies received attention during the last trading session of the month. The dollar has reached overbought conditions against most major rivals, with greater […]
