The Japanese Yen (JPY) has pared some of its gains against the USD in the Asian trading session, as investors remain cautious about the timing of a potential rate hike by the Bank of Japan (BoJ). Expectations around President-elect Donald Trump's policies have also supported U.S. Treasury yields, weakening the JPY. However, the potential for a sharp depreciation...
The US dollar stopped rising, coupled with the escalating Russia-Ukraine conflict, driving gold prices up by nearly $50, ending the previous downtrend. At the close of trading on November 18, gold had gained $48, reaching $2,611 per ounce. This recovery helped gold break its six-session losing streak from the previous week, when prices had dropped to a two-month...
The EUR/USD pair is currently trading around 1.0550 in Monday's Asian session, continuing its downward trend and approaching the year's low at 1.0496, reached on November 14. The strong decline in this pair is mainly driven by factors related to the Fed and positive economic data from the US. Fed Chairman Jerome Powell recently reduced expectations of a near-term...
The global gold price has recorded an increase, fluctuating around 2,584 USD/ounce. This week, the gold market is expected to remain relatively quiet, as fewer important economic data will be released. Key pieces of information that investors are awaiting include housing market data and building permits in the U.S., new home sales, and the University of Michigan's...
Expectations around Trump's import tariffs are supporting U.S. bond yields, strengthening the USD and continuing to pressure JPY. The recent depreciation of JPY could lead to potential intervention from the Japanese government, preventing further short-selling ahead of the U.S. consumer inflation data release. Looking at the price chart, the USD/JPY pair has...
The rise in the US dollar has diminished the appeal of gold as a safe-haven asset, while expectations surrounding Trump's economic policies, such as tax cuts and infrastructure investment, have led many investors to shift towards riskier markets, driving gold prices lower. Specifically, gold has dropped to around 2,600 USD/ounce, marking a significant decline...
EUR/USD fell to a 30-week low on Monday, starting the week with a 0.6% decline. The pair continues to weaken below the 1.0700 level as Euro investors remain cautious, awaiting key US inflation (CPI) data and Eurozone GDP figures to be released later in the week. The Euro is under pressure mainly due to investors focusing on US economic indicators, especially the...
Global gold prices have dropped significantly, mainly due to the strong rise of the US dollar and an increasing willingness among investors to take on risk. The primary reason is that the market is expecting a cautious policy stance from the Federal Reserve under the leadership of President-elect Donald Trump, which has boosted investor confidence in economic...
The Japanese Yen (JPY) weakened against the USD during the Asian trading session after the Bank of Japan's (BoJ) meeting minutes revealed a divide over the timing of interest rate hikes. Domestic political concerns and fears of potential protectionist trade measures from Donald Trump further weakened the JPY. Meanwhile, expectations that Trump's policies will...
Gold prices are currently under strong downward pressure due to macroeconomic factors and market sentiment. Positive economic indicators from the U.S., such as the rise in the Consumer Confidence Index and inflation expectations, lead investors to forecast that the Federal Reserve (Fed) is unlikely to cut interest rates in the near future. Additionally, increased...
Today, the EUR/USD pair has seen significant volatility, with the euro continuing to face pressure due to the strength of the US dollar. The USD remains on an upward trend, fueled by expectations that the Federal Reserve will maintain high interest rates to curb inflation, especially after recent comments from Fed officials. Concerns about the global economic...
On Friday, gold prices recorded a sharp decline, marking the biggest weekly drop in over five months. This decline was primarily driven by two main factors: the strength of the US dollar and expectations surrounding US interest rates, particularly in light of the potential re-election of Republican candidate Donald Trump. The strengthening of the greenback created...
The EUR/USD pair has declined amid a renewed demand for the US Dollar (USD) during Friday's Asian trading session. Additionally, Donald Trump's proposed tax increases have put pressure on the Euro (EUR) against the USD. Traders are now awaiting the US November Michigan Consumer Sentiment data for further market direction, along with a speech by Federal Reserve...
After Donald Trump's victory in the U.S. presidential election, gold prices dropped by more than $80 per ounce on November 5th in both Asian and U.S. markets. However, mixed economic data from the U.S., Germany, and China, combined with the Federal Reserve's decision to cut interest rates, helped gold prices rebound to $2,700 per ounce. Looking at the technical...
Hello everyone, let’s join Alisa in predicting the USD/JPY currency pair! The Japanese Yen (JPY) is struggling to recover against the USD, hovering near its lowest level since July 30, due to uncertainty about the Bank of Japan’s interest rate policies and the prevailing risk environment. Additionally, rising US Treasury yields, especially after the return of...
On the day, gold prices fell by 3%, primarily driven by the strong rebound of the US dollar. This shift came after news of Republican candidate Donald Trump’s victory in the 2024 US presidential election. The US dollar surged as investors anticipated that under Trump’s administration, higher tariffs could lead to sustained high interest rates for a longer period,...
So far, the euro has become the weakest currency among the G10, and the reason is quite clear. The expectation that Donald Trump will extend his trade war from China during his first term to other partners in his second term has created a sense of concern. In the short term, the EUR/USD pair may continue to decline even further. On the 1-hour technical chart, the...
Gold (XAU/USD) is struggling to capitalize on its recent recovery. Strong demand for the U.S. dollar (USD), supported by polls showing Republican candidate Donald Trump leading in key battleground states, is putting pressure on the precious metal. Additionally, the sharp rise in U.S. Treasury yields and the increasing risk appetite are further limiting the appeal...