[XAU/USD] Breaks Up from Sideways Movement
At the beginning of the week, in the European market, U.S. long-term interest rates started to go down. Because gold does not give interest, it often goes up when interest …
[USD/JPY] Yen Buying and Dollar Selling
In Japan’s upper house election, the ruling party lost its majority, as expected, but it was not a big defeat. Because of that, people bought yen, and the dollar/yen rate …
[EUR/USD] Hopes for European Central Bank (ECB) Talks
On the 20th, U.S. Commerce Secretary Ratnick said, “I’m confident we can reach a trade deal with the EU.”Yesterday, Treasury Secretary Bessent also said, “Our relationship with the EU is …
[XAU/USD] Ascending Triangle Formation
Last week, there were many ups and downs in the gold market.At first, the U.S. dollar got stronger because of news that President Trump might put a 30% tax on …
[USD/JPY] Cloud Twist and Upper House Election
Last week, the U.S. dollar became stronger because U.S. inflation data (CPI) was higher than expected. This made people think the U.S. central bank will not cut interest rates soon. …
[EUR/USD] European Central Bank (ECB) Meeting and Tariff Talks
Last week, the euro fell to around 1.1550 after U.S. inflation data (CPI) came out higher than expected. But then, the euro went back up to 1.1720 after news that …
[XAU/USD] Strong U.S. Economic Data
Yesterday in New York, the U.S. June retail sales and new jobless claims were stronger than expected. Because of this, the U.S. dollar went up. People now think the Federal …
[USD/JPY] Risk from Election and Cloud Signal
After the news about Fed Chair Powell possibly stepping down, the U.S. dollar fell. But in the Tokyo market, the dollar started to go up again. Worries about Japan’s political …
[EUR/USD] Can the Drop Stop?
Because of the news about Fed Chair Powell possibly stepping down, the euro rose from around 1.1560 to 1.1720 the day before. After that, the euro started trading with little …
[XAU/USD] Powell May Be Removed from His Position
Yesterday in New York time, the U.S. June Producer Price Index (PPI) was announced. The results were a little lower than expected. Because of this, people thought the Federal Reserve …