[XAU/USD] Gold Faces Competition from Bitcoin
Gold prices dropped in the New York market even though U.S. long-term interest rates decreased. Gold has been struggling to rise, and its upward momentum remains limited. This decline is …
[AUD/JPY] Australian GDP Falls Below Expectations
With the unrest caused by South Korea’s emergency situation calming down, risk-off sentiment eased. In the Tokyo market, the AUD/JPY (Australian Dollar/Japanese Yen) pair saw early buying and rose to …
[USD/JPY] Bank of Japan Likely to Hold Off on Rate Hike
During Tokyo trading hours, reports from some news agencies suggested that the Bank of Japan (BOJ) might hold off on raising interest rates at their December meeting. This news pushed …
[XAU/USD] Risk-Off Sentiment Eases and Fed’s Hawkish Stance
Gold prices struggled to rise as tensions in South Korea, which had triggered a state of emergency the previous day, began to settle. However, when the U.S. ISM Non-Manufacturing PMI …
[EUR/USD] Strong U.S. Economy
In the Tokyo market, the euro dropped to 1.0481 as U.S. long-term interest rates rose, leading to euro selling. However, in the European market, the trend reversed, and the euro …
[USD/JPY] Yen Buying Due to Risk-Off Sentiment
Yesterday in the Tokyo market, the Nikkei stock index rose sharply, which led to yen selling (risk-on sentiment) and dollar buying due to rising U.S. interest rates. As a result, …
[XAU/USD] Martial Law in South Korea
In the Tokyo market, gold prices were under pressure as risk-on sentiment increased, supported by the rise in the Nikkei stock average. However, when the New York market opened, South …
[EUR/USD] Possible Double Top
At the start of the Tokyo market this week, U.S. long-term interest rates rose, causing the euro to drop to the low 1.05 range. Weak November manufacturing PMI results from …
[USD/JPY] Cross-Yen Selling
At the start of the Tokyo market this week, U.S. long-term interest rates rose, causing the dollar-yen pair to climb by over 1 yen, from around 149.50 to 150.74. After …
[XAU/USD] After Filling the Gap
At the start of the Tokyo market this week, the dollar rose, leading to initial selling of gold. Gold dropped to 2,621, which is almost the same level as last …