XAU/USD uptrend extends, bulls eye $1,920
Gold price continued to extend its weekly gains, above the $1,900 mark. Trader’s speculations that the US Federal Reserve would slow rate hikes pace boosted Gold prices. Gold Price Analysis: Daily close above $1,920 could pave the way toward $2,000. Gold price hit a new 9-month high at $1,913.18 on Friday, amidst investors’ speculations that […]
Asian FX bulls jump to multi-year highs, spurred by China reopening: Reuters poll By Reuters
© Reuters By Archishma Iyer (Reuters) – Bullish bets on the Thai baht and Chinese yuan hit five-year highs as China’s sharp pivot from its strict COVID-19 curbs boosted investors’ appetite for strengthening long positions in regional currencies, a Reuters poll showed on Thursday. Long positions firmed on nearly all Asian emerging currencies, many of […]
Bulls keep the reins ahead of US inflation
EUR/USD stays firmer around seven-month high, approaching mid-2022 top. Nearly overbought RSI challenges buyers as they brace for key hurdles. Looming bull cross on MACD, clear upside break of one-month-old descending trend line favor bulls. EUR/USD buyers can aim for ascending trend line from mid-November on crossing 1.0805. EUR/USD bulls take a breather around the […]
NZD/USD bulls are tiring ahead of US CPI as the main event
NZD/USD bulls eye a test of resistance before Thursday’s CPI event that leaves the 0.6470s exposed. NZD/USD traders will be looking to the lower timeframes for signs of deceleration from the bulls that could lead to a break of 0.6200. NZD/USD is heading into the end of the North American session flat on the day so […]
Gold Holds Bid Before Powell, Bulls Try Channel Top
Gold (XAU/USD) Price, Analysis, and Chart Gold has started 2023 in bullish form That trend continued into Tuesday’s session Hopes that US rates may not have much further to rise underpin sentiment Recommended by David Cottle Download our brand new Q1 Gold forecast Gold prices have risen on all but one trading day of 2023, […]