[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 …
[GBP/USD] Pound Buying Despite BOE Rate Cut
The pound initially fell to 1.2835 due to strong dollar buying and pound selling from the “Trump rally,” but it later rose to the 1.29 mid-range. However, ahead of the …
[USD/JPY] Dollar Adjustment and Verbal Intervention
Due to the “Trump rally,” the dollar surged, and the USD/JPY exchange rate rose to 154.71 yen early in the morning. However, it soon began to fall. Finance Minister Mimura …
[XAU/USD] Decline in U.S. Long-Term Interest Rates and Dollar Weakness
Gold, which had dropped significantly the previous day, rebounded yesterday. The dollar initially strengthened due to the “Trump rally,” but as the FOMC meeting approached, the dollar saw increased selling, …
[EUR/USD] ECB and Fed Show Different Approaches
In the Tokyo market, reports of Trump’s likely victory caused the dollar to strengthen across the board, with the euro dropping to 1.0937 and continuing down to 1.0683 in the …
[USD/JPY] Focus on the FOMC
Yesterday, in the Tokyo market, the dollar-yen exchange rate started low at 151.30 yen. However, with news that Trump was likely winning, the dollar gained strength overall. When his victory …
[XAU/USD] Falls Below Channel Support
Due to the certainty of Trump’s re-election, the dollar has strengthened across the board, which has accelerated the drop in gold prices. Gold has fallen below the middle line of …
[EUR/USD] After the Buyback Cycle
Yesterday, the unwinding of the “Trump rally” continued, and the Euro rose past the previous day’s high of 1.0914, reaching 1.0936. The U.S. ISM Non-Manufacturing Index for October, which was …
[USD/JPY] Is Trump Supporting Dollar Buying?
In the Tokyo market, Dollar buying continued, and Dollar-Yen rose to 152.54 Yen. The rally, known as the “Trump rally,” led to a Dollar buyback, but in the New York …
[XAU/USD] Buying Dollar against Trump
Today, as results from the U.S. presidential election gradually become clear in Tokyo time, if Mr. Trump appears to be in the lead, people may start buying the Dollar, which …