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Tag: XAUUSD

Forex Today – Asian Session: Beware EU Inflation Overheating

Forex Today – Asian Session: Beware EU Inflation Overheating Forex Today – Asian Session: Beware EU Inflation Overheating

What to watch for on Wednesday, August 31: The gloomy market environment eased early on Tuesday, although investors are far from optimistic. The USD lost some ground during the first half of the day, mostly against its high yielding rivals, but rallied during US trading hours, rising against most major rivals except the Euro. The […]

Gold Price Forecast: XAU/USD fails to recapture $1740, with support at $1730

Gold Price Forecast: XAU/USD fails to recapture $1740, with support at $1730 Gold Price Forecast: XAU/USD fails to recapture 40, with support at 30

Gold continues to return for Monday’s bounce. Price hit a daily low of $1,728 and then jumped to $1,737. Outlook continues to show some weakness, which could change from holding above $1,740. After a jump from the low of the day at $1728 to $1737, gold turned negative again and trades around $1733still showing some […]

Forex Today – Asian Session: Dollar buyers between a rock and a hard place

Forex Today – Asian Session: Dollar buyers between a rock and a hard place Forex Today – Asian Session: Dollar buyers between a rock and a hard place

What to watch for on Tuesday, August 30: The dollar started the week strong, but ended the day with modest losses across the currency board. Market traders were caught between recession fears and hawkish politicians hinting at tighter monetary policies. Following the Jackson Hole Symposium, the odds of a 75 basis point US Federal Reserve […]

Gold Price Forecast: XAU/USD Remains Weak Hitting One-Month Lows at $1720

Gold Price Forecast: XAU/USD Remains Weak Hitting One-Month Lows at $1720 Gold Price Forecast: XAU/USD Remains Weak Hitting One-Month Lows at 20

Gold extends the decline until it finds support at $1720. Rise in Treasury bond yields continues to put downward pressure on the yellow metal. With no impact data on Monday, the week’s report will be Friday’s US employment report. Gold maintained weakness at the start of the week and fell to $1720, the lowest level […]

Gold: XAU/USD still under pressure after Powell’s speech, unable to recover $1,750

Gold: XAU/USD still under pressure after Powell’s speech, unable to recover $1,750 Gold: XAU/USD still under pressure after Powell’s speech, unable to recover ,750

Volatility soars after the US data and after Powell’s speech. The Fed chairman maintains a hawkish tone, saying high interest rates will persist for some time. Gold under pressure, after a short-lived rebound above $1,750. The Prayed is having a volatile session, still showing a negative bias after being unable to break through key short-term […]

Gold Price Forecast: XAU/USD dips below $1,755 ahead of Powell’s Jackson Hole speech

Gold Price Forecast: XAU/USD dips below $1,755 ahead of Powell’s Jackson Hole speech Gold Price Forecast: XAU/USD dips below ,755 ahead of Powell’s Jackson Hole speech

Gold sees some selling on Friday and breaks a three-day gain streak after hitting one-week highs yesterday. Fed expectations help revive demand for dollars and put pressure on commodities. Investors will now look to the US PCE data for some momentum ahead of the Fed Chairman’s Jackson Hole appearance. Gold is under some selling pressure […]

Forex Today – Asian Session: Financial Markets About to Wake Up

Forex Today – Asian Session: Financial Markets About to Wake Up Forex Today – Asian Session: Financial Markets About to Wake Up

What to watch for on Friday, August 26: The dollar ended Thursday mixed across the currency board, although there was no significant change among the major pairs. Investors were slightly optimistic as macroeconomic figures were upbeat but cautious before central bank governors speak on the sidelines of the Jackson Hole Economic Symposium. Germany reported that […]

Gold: XAU/USD pulls back from 1-week highs amid solid USD rebound

Gold: XAU/USD pulls back from 1-week highs amid solid USD rebound Gold: XAU/USD pulls back from 1-week highs amid solid USD rebound

Gold pulls back from one-week highs amid some buying around the dollar. Aggressive Fed expectations, high US bond yields and upbeat US data support the dollar. Recession fears dampen markets’ initial optimism and offer some support. The Prayed trims part of its intraday gains to the one-week highs hit this Thursday and pulls back below […]

Gold Price Forecast: XAU/USD surges to 1-week highs at $1,765

Gold Price Forecast: XAU/USD surges to 1-week highs at $1,765 Gold Price Forecast: XAU/USD fails to recapture 40, with support at 30

Gold gains momentum after breaking above $1,755. Bullish momentum eased after reaching $1765. The focus is on what Powell can say Friday from Jackson Hole. Gold advanced for the third day in a row on Thursday and hit as high as $1,765, the highest level in a week. It is trading around $1762, supported by […]

Forex Today – Asian Session: Caution Prevails Ahead of Jackson Hole

Forex Today – Asian Session: Caution Prevails Ahead of Jackson Hole Forex Today – Asian Session: Caution Prevails Ahead of Jackson Hole

What to watch for on Thursday, August 25: The dollar wavered between gains and losses, ending the day mixed, but little changed on the currency board. The US currency advanced earlier in the day but gave up some ground after the Wall Street open as US stocks managed to post modest gains. In the United […]