[XAU/USD] Gold Price Forecast for This Year
Last year, the price of gold started at a low of around $2,000 and rose to a peak near $2,800. It was almost a steady upward trend. This increase was …
[EUR/USD] Closes Near Low Levels
Yesterday, the euro rose in the European market, supported by rising stock prices, reaching 1.0457. However, U.S. long-term interest rates fell. When the Chicago Purchasing Managers’ Index was released and …
[USD/JPY] Yen Strengthens Across the Board
Yesterday, in the Tokyo market, USD/JPY faced resistance at 158.07 yen, close to last weekend’s high of 158.08 yen. This confirmed the difficulty in breaking above the 158-yen level. In …
[XAU/USD] NY Stock Drop Triggers Risk-Off Sentiment
Yesterday, the NY Dow fell by over 700 points at one point, which increased risk-off sentiment and caused gold prices to rise. Many market participants are still on holiday after …
[GBP/JPY] Five Consecutive Days of Gains
On December 19, the Bank of England (BOE) decided not to lower interest rates during its meeting. As a result, GBP/JPY rose for the fifth day in a row. It …
[USD/JPY] Targeting the Yen During Tokyo Market Holiday
Last weekend in the Tokyo market, the USD/JPY pair had risen to the 158-yen range, leading to selling by actual market participants. Early in the morning, Tokyo’s Consumer Price Index …
[XAU/USD] Rising U.S. Long-Term Interest Rates and Falling Stock Prices
Last weekend in the New York market, gold prices dropped to 2612 due to rising U.S. long-term interest rates.At the same time, all three major indices in the New York …
[EUR/USD] After the Christmas Holidays
Yesterday, while the European market remained closed, the New York market reopened. As the Dollar weakened, the Euro rose to 1.0429 but continued to trade in a narrow range. Today, …
[USD/JPY] Dollar/Yen Holds Steady
Yesterday in the Tokyo market, the USD/JPY rose to 157.47 due to strong buying during the midday trading session. European markets remained closed, leading to quiet trading. However, in the …
[XAU/USD] Gold Rises as U.S. Interest Rates Fall
Yesterday, gold prices remained stable as major markets in Asia and Europe were closed. However, after the holiday, U.S. interest rates dropped in the New York market. This was due …