EUR/USD looks firm and regains the 0.9900 mark and above ahead of US data.

EUR/USD regains the smile and advances beyond 0.9900.The dollar appears offered ahead of key US data results. The single currency manages to set aside Monday‚Äôs strong pullback and motivates EUR/USD to pick up pace and reclaim the region above the 0.9900 hurdle on Tuesday.EUR/USD focused on USD dynamics. EUR/USD partially reverses the deep rejection fromContinue reading “EUR/USD looks firm and regains the 0.9900 mark and above ahead of US data.”

Gold Price Forecast: XAU/USD buyers stay hopeful whilst above $1644.

Gold price has faltered on its previous rebound as the US dollar makes a comeback.  XAU/USD sees range play amid battle lines well-defined ahead of critical US events.Gold price is treading water in a familiar range around the $1,650 psychological level, lacking a follow-through upside bias amid a modest comeback staged by the US dollarContinue reading “Gold Price Forecast: XAU/USD buyers stay hopeful whilst above $1644.”

GBP/USD bursts out of consolidation, eyes on key daily resistance.

GBP/USD pops on U-turn budget speculation with daily resistance eyed.  GBP/USD has rallied in recent trade ahead of the US inflation data at the top of the hour. At the time of writing, GBP/USD is trading at 1.1250 and popped 1.1299 amid more positive UK political noise. There are reports that there could be aContinue reading “GBP/USD bursts out of consolidation, eyes on key daily resistance.”

Gold Price Analysis: XAU/USD sticks to modest gains around $1,670 ahead of FOMC minutes.

Gold catches fresh bids near the $1,660 support zone amid subdued USD price action.Bets for more aggressive Fed rate hikes should limit the USD losses and cap the metal. Traders look to FOMC minutes for a fresh impetus ahead of the US CPI on Thursday. Gold attracts fresh buying near the $1,660 support area onContinue reading “Gold Price Analysis: XAU/USD sticks to modest gains around $1,670 ahead of FOMC minutes.”