[ad_1] Share: GBP/JPY crosses 188.50, hits eight-year high as markets rally into the Friday close. The Pound Sterling is set for its fourth straight up day against the Yen. Risk appetite is catching a broad-market bid to cap off the trading week. The GBP/JPY has broken into new eight-year highs above 188.50 as the
[ad_1] GOLD PRICES OUTLOOK Gold prices rally and break above technical resistance in the $1,975/$1,980 area Bullion’s gains are driven by a steep pullback in Treasury yields following disappointing economic data This article examines key XAU/USD’s levels worth watching in the coming trading sessions Most Read: EUR/USD Hits Snag After Breakout, Nasdaq 100 Stalls, Oil
[ad_1] Nasdaq daily The Nasdaq has extended gains to 1.7% and broken the October high in the process. The rally is particularly impressive given that Treasury yields are in the process of reversing higher. US 2-year yields are at the highs of the day up 3.2 bps to 5.05% after falling as low as 4.97%
[ad_1] USD/JPY AND AUD/USD OUTLOOK: USD/JPY retreats for the second straight day as the broader U.S. dollar softens after the Fed fails to steer markets toward pricing another hike Meanwhile, AUD/USD breaks out to the topside after clearing trendline resistance Attention now turns to Friday’s U.S. economic data, which includes the nonfarm payrolls report and
[ad_1] BITCOIN, CRYPTO KEY POINTS: READ MORE: Oil Weekly Forecast: Technicals Hint at Further Upside but Geopolitics Holds the Key Looking for actionable trading ideas? Download our top trading opportunities guide packed with insightful tips for the fourth quarter! Recommended by Zain Vawda Get Your Free Top Trading Opportunities Forecast Bitcoin Rally Gathers Pace as
[ad_1] Share: Gold price attracts bids below $1,860.00 after a mild correction in the US Dollar. The US economy remains resilient due to falling inflation, stable labor demand, and robust consumer spending. Fed Kashkari said that current interest rates are not sufficiently restrictive to bring down inflation to 2%. Gold price (XAU/USD) retreats despite
[ad_1] USD/CAD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Traits of Successful Traders Read More: Gold Falters as US Yields and the DXY Advance, $1900 at Risk USDCAD has finally broken out of the recent 5-day range as the DXY advance gathers momentum. The Canadian Dollar had been on a bit of a rally
[ad_1] USD/JPY KEY POINTS The U.S. dollar, as measured by the DXY index, gains on soaring yields, boosting USD/JPY to its higher level since November 2022 The fundamental picture remains negative for the Japanese yen against the U.S. currency This article discusses the main technical levels of the USD/JPY pair that Forex traders should be
[ad_1] Today is the seventh straight day of gains for oil and it’s broken out to the highest levels of the year. The $85 level has been a barrier for crude this year but yesterday Russia’s Novak said that next week OPEC+ will announce a new supply agreement. He didn’t say whether that would entail
[ad_1] EURUSD was above it 200 hour moving average The EURUSD is now breaking above its 200-hour moving average at 1.10037. The 50% midpoint of the move down from last week’s high comes in at 1.1030 and is the next upside target. The high from last Friday and Monday came in near 1.1045. Those are
