Gold retreats after setting a new record-high above $4,520 earlier in the day and trades in a tight range below $4,500 as trading volumes thin out ahead of the Christmas break. The US Dollar selling bias remains unabated on the back of dovish … [Continue reading]
GBP/USD slips slightly as holiday-thinned markets keep trading subdued
The British Pound (GBP) softens against the US Dollar (USD) on Wednesday, with the Greenback finding mild support amid reduced liquidity during the shortened US holiday session. At the time of writing, GBP/USD trades around 1.3500, easing slightly … [Continue reading]
Pound Sterling jumps higher against US Dollar amid firm Fed dovish bets
The Pound Sterling (GBP) revisits the three-month high around 1.3535 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair trades firmly as the Greenback underperforms, with unexpectedly stronger flash United … [Continue reading]
Gold eases from record high amid profit-taking
Gold price (XAU/USD) eases from a record high of $4,526 during the early European trading hours on Wednesday as traders book some profits. Additionally, the upbeat US Gross Domestic Product (GDP) data might also weigh on the Gold price. It’s worth … [Continue reading]
Australian Dollar gains as traders expect RBA rate hikes
The Australian Dollar (AUD) advances against the US Dollar (USD) on Wednesday, continuing its winning streak for the third successive session. The AUD/USD pair strengthens as the Aussie Dollar finds support following the release of the Reserve Bank … [Continue reading]
South Korea Consumer Sentiment Index dipped from previous 112.4 to 109.9 in December
Bitcoin remains under pressure, trading above the $87,000 support at the time of writing on Tuesday. Selling pressure has continued to weigh on the broader cryptocurrency market since Monday, triggering declines across altcoins, including Ethereum … [Continue reading]
United States 52-Week Bill Auction fell from previous 3.46% to 3.38%
Bitcoin remains under pressure, trading above the $87,000 support at the time of writing on Tuesday. Selling pressure has continued to weigh on the broader cryptocurrency market since Monday, triggering declines across altcoins, including Ethereum … [Continue reading]
Gold approaches $4,500 amid rising geopolitical risks and a weaker US Dollar
Gold (XAU/USD) continues to attract steady buying interest on Tuesday, pushing deeper into uncharted territory as escalating geopolitical tensions keep safe-haven demand firmly in play. At the time of writing, XAU/USD is trading around $4,485, up … [Continue reading]
Dow Jones futures steady as traders await US Q3 GDP release
Dow Jones futures inch lower 0.06% to trade near 48,650 during Tuesday’s European session, while S&P 500 and Nasdaq 100 futures also decline, edging lower 0.09% and 0.12% to roughly 6,920 and 25,650, respectively.Traders await the US Gross … [Continue reading]
EUR/JPY retraces to near 184.00 as Yen rebounds on hopes of Japan’s intervention
The EUR/JPY pair corrects to near 184.00 during the Asian trading session on Tuesday from its all-time high of 184.92 posted the previous day. The pair retraces as comments from Japan Finance Minister Satsuki Katayama signaling a likely intervention … [Continue reading]