[XAU/USD] New York (NY) Market Reopens
Yesterday, the main markets outside of Tokyo were closed for Christmas. As a result, price movements stayed within a narrow range of about 10 points. Today is Boxing Day, so …
[GBP/JPY] UK GDP
Yesterday, the UK GDP for the July-September period was announced at 1.9%, which was lower than the expected 1.0%. However, there was no noticeable market reaction. At last week’s Bank …
[USD/JPY] Be Cautious Around the 158 Yen Level
Yesterday, during the Tokyo market opening, USD/JPY rose to 156.69 as buying demand at the daily exchange rate fixing led the market. After that, the price temporarily fell, but in …
[XAU/USD] Christmas Holiday Season
Yesterday, following last week’s trend, U.S. long-term interest rates rose in the New York market, which led to selling pressure on gold. As a result, the price around 2650, which …
[EUR/USD] Continuing Euro Downside Risk
Last week, after the U.S. Federal Reserve reduced its forecast for rate cuts next year from 4 to 2, the euro fell to 1.0343. However, the November 22 low of …
[USD/JPY] Reaction to Rapid Yen Weakening
Last week, the U.S. dollar rose because the Federal Reserve’s interest rate outlook for next year suggested fewer rate cuts. The Bank of Japan’s stance caused the yen to weaken, …
[XAU/USD] Christmas and High U.S. Long-term Interest Rates
Last week, the U.S. Federal Reserve’s meeting showed a aggressive stance, causing long-term U.S. interest rates to rise. As the weekend approached and the Christmas holiday drew near, there was …
[EUR/USD] Euro Faces Pressure Due to Dollar Strength
Following the FOMC results, the euro fell from around 1.05 to the mid-1.03 range. Yesterday, short covering for the euro was strong, and the price was pushed back up to …
[USD/JPY] Bank of Japan Stays Unchanged
At the Bank of Japan (BOJ) meeting, the decision was made to keep the policy interest rate unchanged. Some had expected a 0.25% rate hike, so after the announcement, USD/JPY …
[XAU/USD] Gold Drops Due to Rising U.S. Long-Term Interest Rates
During the previous day, the FOMC meeting showed a aggressive stance, leading to a rise in long-term U.S. interest rates and causing gold prices to fall sharply. As a result, …