Confluence Resistance Stifles Bulls, Focus Shifts to US PCE
Most Read: US Dollar Eyes US PCE for Cues on Fed Path; EUR/USD, USD/CAD, USD/JPY SetupsGold prices lost ground on Monday following a strong performance last Friday, pressured by rising…
ForexLive Asia-Pacific FX news wrap: NZD drips lower
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide…
EUR/USD spins tires just north of 1.0800 as Friday wrapup goes nowhere
Share: EUR/USD continues to cycle north of 1.0800. European data confirms preliminary prints. Investors will have to wait until midweek for meaningful data. EUR/USD cycled on Friday, stuck…
Gold Weakened after Fed Officials Signalled a Preference to Delay Rate Cuts
Gold (XAU/USD) AnalysisFed officials communicated that they are in no rush to start the cutting cycle amid a strong US economy, emboldened consumer and potential Red Sea escalationGold prices have…
Shanghai composite index rises above the 3000 point mark
The Shanghai composite index is rising back above the 3000 level with a gain of 0.40% near the start of trading. The index is now up on the year. The…
Australian Dollar gains ground on improved Aussie Services PMI, subdued US Dollar
Share: Australian Dollar continues its winning streak after the positive Services PMI on Thursday. Australia’s ASX 200 extends losses on weak sentiment due to expectations of prolonged higher…
Gold Prices on the Rise, Confluence Resistance in Sight. What Now for XAU/USD?
Most Read: US Dollar Forecast – Bullish Bias Remains in Place, Setups on EUR/USD, USD/JPYGold (XAU/USD) rose for the fourth straight session on Tuesday (+0.50% to $2,027), firmly establishing itself…
Key economic releases & events for the trading week.The key release is an earnings release
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide…