EUR/USD Keeps Above 1.1800 As It Retraces From Three-Month Peak
EUR/USD remains in a holding pattern—likely to continue. For the most part, the EUR/USD has wasted the recovery effort since bottoming at 1.1168 (three-month low) by inching closer to 1.1808 last week but so far failing short of reaching that high again for a second day. But narrow that gap, buyers have not let off the […]
Gold Prices Fall After Hitting Record Highs On Traders’ Profit Taking
Gold prices eased marginally during Asian trade on Wednesday. The rally sputtered after traders took some profits after hitting a fresh high of $4,526. That move lined up with surprisingly strong US economic numbers—data out Tuesday showed the economy grew at a 4.3% annual pace last quarter, beating forecasts. For reference, markets expected 3.3%, and the previous […]
Japanese Yen Slips Slightly From Weekly High; Upward Bias Remains
On Wednesday, the Yen saw a slight decline in value relative to the US dollar, immediately following its peak this week. Still, the overall mood around the Yen is pretty strong. Lately, it’s found steady support as the Dollar lost ground and investors hunted for safe places to park their money. With global tensions running […]