[XAU/USD] U.S. CPI Rises as Expected
Ahead of the U.S. CPI announcement, gold prices rose to around 2620 as buyers adjusted positions. The U.S. October CPI rose as expected, from 2.4% to 2.6% compared to the …
[EUR/USD] German ZEW and Political Instability
Yesterday, as U.S. long-term interest rates rose, there was a strong push to sell the euro. Concerns about the eurozone grew as the German coalition government collapsed, and Germany’s November …
[USD/JPY] 155 Yen Intervention Watch
Concerns about rising U.S. inflation pushed up U.S. long-term interest rates by about 0.1%, leading to a broad dollar increase. In the Tokyo market, the dollar-yen rate initially dropped to …
[XAU/USD] Rising U.S. Long-term Interest Rates and Strong Dollar
In the European market yesterday, when U.S. long-term interest rates fell, the dollar weakened across the board, which led to increased gold selling. As the price dropped below the previous …
[EUR/USD] German Political Uncertainty and Trump Administration
On Monday, in the European market, dollar buying led to a drop in the euro. With fewer participants in the NY market due to Veterans Day, selling continued, pushing the …
[USD/JPY] Dollar Rises, Yen Falls
On Monday, in the Tokyo market, the USD/JPY rate increased as dollar buying led the way. This was partly because the Nikkei average went up and Japan’s September trade deficit …
[XAU/USD] Gold Keeps Dropping as Dollar Rises
Gold selling continued early this week, starting with Monday’s Tokyo market. Prices found brief support around 2670, but later in the day, gold continued to fall sharply due to light …
[EUR/USD] Collapse of German Government and New U.S. Administration
At the beginning of the week, the euro rose to the upper 1.09 level following reports favoring Harris. However, after Trump’s decisive victory, the dollar strengthened significantly, causing the euro …
[USD/JPY] Trump Rally and U.S. CPI
Last week, the dollar rose across the board after Donald Trump was elected president. The dollar-yen pair (USD/JPY) initially dropped to 151.29 yen, following reports favoring Harris, but later climbed …
[XAU/USD] Gold Stabilizes as Dollar Rally Pauses
Last week, gold prices dropped from around 2750 to 2640 as the U.S. dollar strengthened after Donald Trump was elected president. Later, there was some buying in anticipation of the …