What you should know on Tuesday, January 12: The dollar fell sharply on Tuesday, following comments from US Federal Reserve Chairman Jerome Powell. In Senate hearings amid his nomination for a second term, the leader of the US central bank mixed an aggressive view of the economy with a cautious approach on reducing the balance […]
Tag: Oro
XAU / USD extends its rally for the third day in a row, remains above $ 1,800
Falling US Treasury yields weigh on the US dollar and boost the underperforming metal. On Tuesday, some members of the Fed will make statements. Federal Reserve Chairman Powell is giving a speech right now. The oro extends its rally, rises for the third day in a row, while US Treasury yields, particularly 10-year yields, fall […]
XAU / USD climbs to the $ 1,810 zone and loses steam
Gold rises on Tuesday, but cuts losses in the last hour. Traders waiting for exposure from Powell, watching for returns. The mixed dollar in the market, DXY falls 0.05%. The Gold rose to $ 1810, the highest level since last Thursday but then fell back and is trading at $ 1805, still in positive terrain […]
Forex Today – Asian Session: US Inflation Takes Center Stage This Week
What you should know on Tuesday, January 11: The dollar oscillated between gains and losses, unable to find a clear direction and led by US Treasury yields once again. Market participants await news on inflation from the US, as the country will publish the final reading of the Consumer Price Index for December next Wednesday, […]
XAU / USD sets new highs in the $ 1800 zone
Oro advances for the second day in a row. Advance of Treasury yields continues limited advance. Strong resistance around $ 1800, the break of which would support gold. The XAU / USD rises on Monday and reached $ 1800, the new high of the day in the previous one of the American session. Silver is […]
XAU / USD Rebounds and Retreats, Dropping to New Multi-Week Low After NFP Report
Gold languished near a two-week low amid a positive rally in equity markets. The dovish USD price action extended some support to the dollar-denominated metal. Update: Gold halted its rally early in the US session and fell to a fresh three-week low, around the $ 1,785 zone in reaction to the US mixed jobs report. […]
XAU / USD vulnerable near two-week lows awaiting NFP
Gold languished near a two-week low amid a good rally in equity markets. The weak USD price action extended some support to the metal. Investors seem reluctant to make aggressive bets ahead of the US NFP report. Gold was depressed for a third day in a row on Friday and was last seen hovering around […]
XAU / USD declines below $ 1,800 as real yields rise after Fed Minutes
Gold prices have been oscillating on Thursday and are currently hovering around $ 1,790, a drop of more than 1.0% on the day. Real yields have risen following aggressive Fed Minutes on Wednesday and this is weighing on precious metals. Trading conditions in the precious metals markets have been choppy in recent trading, although bearish […]
XAU / USD falls to test critical support at 100 DMA amid firmer returns
The price of gold continues to decline as the DXY rises with yields amid an aggressive Fed. Focus shifts to US ISM Services PMI and Friday’s NFP. A break below the 100 DMA will drive gold towards the $ 1,785 levels. The price of gold is losing another $ 20 in trading Thursday, due to […]
Forex Today – Asian Session: US Federal Reserve Ready to Tighten Further
What you need to know on Thursday, January 6: The dollar was down for most of Wednesday, but received an unexpected boost from the minutes of the US Federal Reserve meeting. US policymakers noted that “in light of elevated inflationary pressures and the strengthening of the labor market, participants felt that the increase in policy […]