Gold is under downward pressure, despite dollar weakness. XAU / USD fails to break $ 1815/20 and could correct lower. The Gold is falling on Thursday and just hit lows for the day at $ 1805. The XAU / USD shows a bearish pressure, but for the moment it resists above $ 1800, avoiding a […]
Tag: Oro
Forex Today – Asian Session: The Dollar Lowers As US Employment Data Chilled Downward Hopes
What you need to know on Thursday, September 2: The dollar came under strong selling pressure due to poor employment data from the United States. The country released the ADP survey, which showed that the private sector added just 374,000 new jobs in August, far worse than the 613,000 expected, while the July figure was […]
XAU / USD in a small range around $ 1813
Gold maintains a bullish bias, with the moment to the downside. Important data from the US could lead to a breach of Wednesday’s small range. The Gold is trading sideways on Wednesday around $ 1,813 an ounce. The price reached a daily high at $ 1,816 and then fell to $ 1808, remaining in a […]
Forex Today – Asian Session: The dollar’s modest recovery does not change the picture
What you need to know on Wednesday, September 1: The dollar extended its slide during the first half of the day, hitting a new multi-week low against most major rivals, mainly high-yielding ones. The greenback subsequently rallied before the daily close, helped by profit taking and month-end flows. However, it is still one of the […]
XAU / USD looks at $ 1,830 holding critical support
Gold reversed its direction after testing $ 1,800 earlier in the day. XAU / USD is still on track to close above the 200-day SMA. The next target on the upside is at $ 1,830. After closing the first day of the week in negative territory, the XAU / USD pair extended its decline and […]
XAU / USD resumes bullish run, targets $ 1,820 and more
After Tuesday’s setback, gold rose again, although without breaking Monday’s highs. XAU / USD remains firm with support at the 200-day average. The Gold picked up pace in the Asian session and climbed to $ 1819 in a context of a general decline in the dollar in the market. Then the price of an ounce […]
Forex Today – Asian Session: Dollar Remains Weak Despite Investors Growing Cautious
What you need to know on Tuesday, August 31: The week started in slow motion amid a UK holiday and a slim macroeconomic calendar. Speculative interest has already taken in the dovish stance of Federal Reserve Chairman Jerome Powell, and attention has turned to US employment data to be released later in the week. The […]
XAU / USD retreats from three-week highs toward $ 1,810
Modest dollar advance hurts gold on Monday. The rise of the XAU / USD loses momentum and falls after failing to sustain above $ 1,820. The Gold is trading negative on Monday after Friday’s strong rally. Despite the decline, it remains firm above $ 1800. The price reached $ 1,823 during the Asian session, reaching […]
Waller says he would like to start reducing bond buying early this fall
“A better-than-expected jobs report will be enough to start the bond buying reduction“said US Federal Reserve Governor Christopher Waller in an interview with Yahoo Finance, adding that”we would like to start reducing early this fall“. Additional comments “We don’t look at the virus data unless it spills over into the economy.” “The economy does not […]
XAU / USD jumps above $ 1,800 to test weekly highs after Powell
Metals rose sharply after Powell’s speech amid a falling US dollar and appetite for risk. XAU / USD is testing the weekly high near 1.810 / oz. Gold prices they rose more than $ 20 from the daily low, returning to the weekly high at $ 1,809. The positive tone remains intact despite the strong […]
