[GBP/USD] Rebound After Drop
The British pound fell sharply the day before because of worries about government finances and politics. But yesterday, the pound rebounded as traders bought it back. Recently, Prime Minister Starmer …
[XAU/USD] Trump Tariff Illegal
Gold reached a new high yesterday. The price stayed strong and even went above the previous high. The federal appeals court said Trump’s tariff is illegal. President Trump will appeal …
[USD/JPY] Weak Yen and Strong Dollar
Yesterday in the Tokyo market, the yen started weaker. BoJ Deputy Governor Himino said, ‘Risks and uncertainty will not disappear.’ The market thought the Bank of Japan will not rush …
[GBP/USD] Fiscal Concerns
In the Tokyo market, the British pound started weak. Rising U.S. long-term interest rates and selling pressure pushed it down from around 1.35. When the London market opened, selling increased …
[XAU/USD] Gold keeps rising while New York market closed
Yesterday, even though the New York market was closed for Labor Day, gold prices kept rising and reached 3489. This is very close to the all-time high of 3500. Because …
[USD/JPY] Price movement is weak
At the start of the Tokyo market this week, USD/JPY rose to 147.37 as some buying came in at the beginning of the month. But since last week’s high of …
[EUR/USD] Dollar selling pushes euro up
At the start of the Tokyo market this week, buying of the euro came first. The dollar kept falling because people expect the Federal Reserve to cut interest rates and …
[XAU/USD] Heading Toward a New High
Last week, U.S. long-term interest rates went down after news about Federal Reserve Board (FRB) Governor Cook possibly being removed. Worries about political pressure on the FRB also made people …
[USD/JPY] Focus on U.S. Job Report
Last week, after Chairman Powell’s speech at Jackson Hole, the dollar-yen first went up because people bought back the dollar, rising to 148.18. But then selling restarted. Worries about Federal …
[EUR/USD] French Politics and Europe Economy Worries
Last week, after Chairman Powell’s speech, the euro first went down because traders sold to take profit after a rise of about 140 points. It dropped back close to 1.1600, …