Gold Price Struggling to Find Acceptance Above $2,000
KSAU/USD remains bullish despite the current pullback. A stay near 1,993 may herald an imminent breakout. A new lower low triggers a deeper decline. The price of gold fell slightly…
China’s Yuan Guidance Weakens the Dollar
China's upward movement of the yuan weighed on the dollar. The yen gained over 0.5%, hitting a seven-week high. Investors await the release of the Fed's minutes. On Tuesday, the…
China’s Currency Adjustment Lifts Aussie
China's upward movement of the yuan contributed to a weaker dollar. China's central bank set the midpoint of the yuan's trading range at its strongest level since August 7. Investors…
Dollar’s Descent Favoring Euro Buyers
Traders are focused on when the Federal Reserve might start cutting rates. Futures indicate a 30 percent chance the Fed could start cutting interest rates as early as next March.…
Pound Peaks at 1.25 Amid Softer Dollar
Investors are focused on when the Federal Reserve might start cutting rates. There was an unexpected fall in the volume of British retail sales in October. US single-family home construction…
Gold Price Consolidating at $1,970, Awaits Canadian CPI
The gold correction could only be temporary. The middle line (ml) is viewed as dynamic support. Canadian CPI and FOMC minutes should move the rate. The price of gold is…
Buying Intensifies as Dollar Tumbles
The price of gold ended the week higher as the dollar fell. US inflation has cooled, putting pressure on the dollar. Gold may experience a technical correction amid profit taking.…
Poised to Gain in Thanksgiving Week
GBP/USD's weekly forecast is bullish as the pair ended a challenging week marking a two-week high around 1.2500. The pair's path depends on speculation about future central bank actions and…
Pound Resumes its Post-Inflation Slide
The pound continued to fall after a brief respite on Thursday. The dollar was weak after the data boosted bets on a Fed rate cut. Recent data revealed a significant…
Gold Price near $2,000 as Greenback Stays Red After CPI
The bias is bullish as the dollar depreciates against its rivals. Removing the 150% line activates more winnings in advance. Only a bearish pattern could signal a new selloff. The…
