Gold price outlook: XAU/USD Bulls bullish amid weak US dollar in Asia
Gold price outlook: XAU/USD Bulls bullish amid weak US dollar in Asia Asia’s gold is rallying as the US dollar offset some of its overnight gains as the US dollar breaks new cyclical highs following the re-election of Fed Chairman Jerome Powell. According to ANZ Bank analysts, the market immediately began pricing in relation to […]
Spotlight on Retail Sales of Pound and Canadian Dollar
Spotlight on Retail Sales of Pound and Canadian Dollar GBP/CAD is still moving lower and is trading moderately near 1.6990 early on Friday. The cross hit a one-month high the day before retreating from the 50-day EMA. At the same time, a bearish top candle can be observed during the daily timeframe, indicating further weakness […]
EUR/USD accelerates decline below 1.1300
EUR/USD accelerates decline below 1.1300 The EUR/USD exchange rate has been heavy this week. On Tuesday, it fell in the US and expanded in Asia. Now falls faster and reaches a few stops below 1.13. The US dollar sold in almost all directions and continued higher on Tuesday US time. The recent rise in the […]
China’s Retail Sales Growth Impact & Forecast
China’s Retail Sales Growth Impact & Forecast The Chinese economy is going through a difficult time due to the spread of the novel coronavirus infection (COVID-19). Meanwhile, China faces serious challenges from soaring energy prices. Coal and natural gas prices have soared over the past few months. As a result, the government has demanded that […]
NZD/USD Weakens Even After Failing to Defend its November Opening Range
NZD/USD Weakens Even After Failing to Defend its November Opening Range NZD/USD is going weak despite its November opening range that was superb figures. The currency has broken down to defend the November opening range right now in the market. NZD/USD takes ahead the lower highs and lower lows early this week after getting the […]
Rivian Gears up for Nasdaq Debut, Tesla Bounces Back
Rivian Gears up for Nasdaq Debut, Tesla Bounces Back The electric car manufacturer Rivian is all set to make its debut on the Nasdaq today with the highest IPO, and the timings could not be more perfect than this. A pledge of not using fossil fuel-based vehicles by 2040 was taken by the countries and […]
AUD/USD will Improve its Monthly Opening Range as Jobs in Australia Increases
AUD/USD will Improve its Monthly Opening Range as Jobs in Australia Increases The currency pair of AUD/USD has downgraded as it failed to trade above 0.7548. The news coming from Australia may control the recent decline in the exchange rate as the job growth is expected to return in October month. AUD/USD currency pair is […]
EUR/USD to recover soon after a slow down
EUR/USD to recover soon after a slow down The currency pair EUR/USD will be soon back on track and will challenge its top figures of 1.1616 that were once achieved. The exchange rate is also expected to improve as the European Central Banks are going to make changes in the interest rates of the nation […]
USD/ZAR is Going to Stabilize as the Local Election Results Will be Clear
USD/ZAR is Going to Stabilize as the Local Election Results Will be Clear The South Africans cast their votes yesterday in the 2021 municipal elections among the Eskom that will continue for the day. The votes will be calculated to figure out which parties will rule in the winning situation in their cities. RAND Corporation […]
CAD Rises that Makes it Safe to Spend On
CAD Rises that Makes it Safe to Spend On The week is going to be big for the global market because we are hearing a lot of reports out of the US and the macro calendar is loaded with Federal Reserve and nonfarm payrolls documents. The Canadian dollar is going toward a big week after […]
EUR/USD will Raise More After Traders Ignore Dovish Lagarde
EUR/USD will Raise More After Traders Ignore Dovish Lagarde EUR/USD saw a long-time low phase that went on to rise on May 25 and stopped for 1.2266. This went on low to 1.1524 on October 12. This lowering of the currency pairs looks to be ending as the latest week’s price is indicating that the […]
Australian Bond is on Destruction as GBP/JPY Gets a Boost in the End of this Month
Australian Bond is on Destruction as GBP/JPY Gets a Boost at the End of this Month A boost was seen in the GBP/JPY yesterday. Traders were waiting for the Aussie bond market to rise when the RBA did not purchase the 2024 April yield target bond. The questions were asked whether the bank is giving […]
Brazil’s Central Bank Increases the Selic Rate by 1.5% that Affect USD and BRL
Brazil’s Central Bank Increases the Selic Rate by 1.5% that Affect USD and BRL Selic rate increased to 150 basis points on Wednesday, all thanks to the central bank of Brazil that has done this to set a benchmark . It’s the largest hike done by the bank in 20 years. The plans related to […]
Corporate Earnings of US & China Increases the Nation’s Currency Prices
US Dollar Gets strong as Corporate earnings grow in the market The corporate earnings of the US and China have made their currency strong. Traders were feeling high when they saw that the corporate earnings were running strong and the factors like US/China economic and trade situations were also going strong. All this news came […]
COP26 Event is Going to be Organized on 31st Oct For Environmental Welfare
COP26 Event is Going to be Organized on 31st Oct For Environmental Welfare The prices of energy are rising that are affecting the economies in nations like Asia, North America, and Europe. COP26 is a two-week event that is going to begin on 31st Oct in the Glasgow city of Scotland. The United States Conference […]
Canadian Dollar Dropped its Growth, Traders Waiting for Bank of Canada Statements
Canadian Dollar Dropped its Growth, Traders Waiting for Bank of Canada Statements Traders are waiting for the bank of canada’s statement over the CAD. The Canadian dollar that was moving with high strength has dropped its progress in the last week of October. But despite heavy a weak week, the currency has got dominance over […]
USD/TRY Increases When Turkish Central Bank Delivers an Unexpected Large Cut
USD/TRY Increases When Turkish Central Bank Delivers an Unexpected Large Cut USD/TRY has increased when central banks have released a large cut. It’s seen that the Turkish central bank has cut down the rates that it uses to lend money to commercial banks in the event of a paucity of funds. They have cut it […]
Taliban’s Economy on Stake, People Dependent on Former Economic Experts
Taliban’s Economy on Stake, People Dependent on Former Economic Experts In the good old days, the country of Taliban used to have 250 members in their parliament that used to make economic decisions for the community and used to have a relation with 40 countries in the world but now it’s only 50 representatives left. […]