Gold eases from record highs as USD recovery tempers bullish momentum
Gold (XAU/USD) extended its two-week rally to reach a fresh record high around the $3,546–3,547 zone during Asian trading on Wednesday. Expectations of a Federal Reserve rate cut this month, coupled with ongoing trade uncertainties, have underpinned demand for the non-yielding safe-haven asset. However, gains slowed as the US Dollar (USD) maintained its recovery for […]
Gold retreats slightly from all-time peak, struggles above $3,500
Gold extended its rally for a sixth straight session on Tuesday, marking a fresh record high during the Asian session as investors continued to price in a Federal Reserve rate cut this month. Softer policy expectations, alongside lingering tariff uncertainty and escalating geopolitical tensions, kept demand strong for the safe-haven metal. That said, XAU/USD faced […]
US Nonfarm Payrolls Expected to Show Slower Job Growth in July Amid Cooling Labor Market
A volatile trading week wraps up with the release of the highly anticipated US Nonfarm Payrolls (NFP) data for July, scheduled for Friday at 12:30 GMT. Published by the Bureau of Labor Statistics (BLS), the report offers a monthly snapshot of employment trends, including job creation, wage growth, and the unemployment rate—key metrics used by […]
USD/CAD Poised for Rally Toward 1.4000 as Carney Slams Trump’s Hiked Tariffs
The USD/CAD pair posts a fresh two-month high near 1.3870 on Friday. The Loonie pair strengthens as an increase in the tariff rate announced by United States (US) President Donald Trump on imports from Canada has weakened the Canadian Dollar (CAD). On Thursday, US President Trump unveiled a list, dictating tariff rates for nations that […]
EUR/USD Holds Above 1.1400 Ahead of Key Eurozone and US Economic Data
The EUR/USD pair finds modest support near the 1.1400 level during Thursday’s Asian session, as the US Dollar (USD) pauses its rally following a five-day winning streak. The pair shows signs of stability as traders take a cautious approach ahead of major economic releases from both the Eurozone and the United States. The US Dollar […]
GBP/USD Holds Steady Above 1.3100 as Traders Await US NFP Data
GBP/USD Holds Steady Above 1.3100 as Traders Await US NFP Data The GBP/USD pair remains flat around 1.3125 during Friday’s Asian session, as traders stay cautious ahead of key US employment reports. Investors are awaiting the release of Nonfarm Payrolls (NFP), the Unemployment Rate, and Average Hourly Earnings, all of which are scheduled for later […]
Gold Price Nears Weekly High Ahead of US NFP Report, Remains Below $2,525 Resistance
Gold Price Nears Weekly High Ahead of US NFP Report, Remains Below $2,525 Resistance Gold price (XAU/USD) is trading near its weekly high for the third consecutive day on Friday, ahead of the European session. Despite this upward trend, investors remain cautious as they await the US Nonfarm Payrolls (NFP) report before making any significant […]
Nonfarm Payrolls Data to Test US Labor Market in August After July’s Slowdown
Nonfarm Payrolls Data to Test US Labor Market in August After July’s Slowdown The US Bureau of Labor Statistics (BLS) will release the much-anticipated Nonfarm Payrolls (NFP) data for August on Friday at 12:30 GMT. This labor market data is crucial for assessing the US Federal Reserve’s (Fed) upcoming interest rate decisions, particularly regarding a […]
USD/CHF weakens below 0.8500, eyes on Swiss CPI, GDP data
USD/CHF weakens below 0.8500, eyes on Swiss CPI, GDP data The USD/CHF pair declines towards 0.8490 during early European trading on Monday. This drop is driven by a weaker US Dollar (USD) amid rising expectations that the US Federal Reserve (Fed) might cut interest rates in its September meeting. Upcoming economic data from Switzerland, including […]
Why Reading Analyses is Essential for Trading
Over time, we’ve received comments questioning the necessity and usefulness of reading analyses for trading. These remarks have persisted for some time, so we’ve compiled a list of common criticisms along with responses to address each one. Why Should Traders Read Any Analysis? Forex trading is complex, and the world is full of variables that […]
Gold Prices Decline Amid Renewed Demand for US Dollar
Gold Prices Decline Amid Renewed Demand for US Dollar Gold prices (XAU/USD) lost their upward momentum on Tuesday, falling as renewed demand for the US Dollar (USD) strengthened. This decline was influenced by various factors, including geopolitical tensions and expectations surrounding the Federal Reserve’s monetary policy. The recent US Nonfarm Payrolls (NFP) data, which fell […]
How Does Non-Farm Payroll Affect Forex Trading?
In this blog, let’s discover the crucial role of Non-Farm Payroll (NFP) in forex trading and why it’s an event traders can’t afford to ignore. This highly anticipated economic indicator, released monthly by the US government, provides vital insights into the labor market and has a significant impact on the forex market. Understanding Non-Farm Payroll […]
Fed taper bets alive and well after NFP miss
Fed taper bets alive and well after NFP miss The eagerly awaited positions report on Friday brought up a ton of issue marks regarding how solid the energy truly is in the US work market as NFP expanded by only 194k in September, far less than the 500k expected. Taken care of Chair Jerome Powell […]