Forex News Category

Australian Dollar Slips as China Holds Back on Major Stimulus Measures The Australian Dollar (AUD) extended its decline on Tuesday, pressured by comments from the National Development and Reform Commission (NDRC) of China. During a press conference, China’s state planner acknowledged that the country’s economy is facing increasingly complex internal and external challenges. The lack

Gold Price Slips to $2,640, Holds Above Friday’s Post-NFP Low and Trading Range Support Gold (XAU/USD) faced fresh selling pressure on Monday, dropping to a daily low of around $2,640 as the European session approached. The US Dollar (USD) remains near a seven-week high, bolstered by traders adjusting expectations for a large interest rate cut

Gold Price Nears Weekly High Amid Softer USD; Focus Shifts to US NFP Report Gold (XAU/USD) gained momentum on Friday, climbing toward the $2,668 mark, near its weekly high, as the US Dollar (USD) slightly retreats from the one-month peak reached on Thursday. The USD’s pullback, coupled with ongoing geopolitical tensions in the Middle East,

Gold Price Stays Under Pressure as Strong USD Weighs, Middle East Tensions Limit Losses Gold (XAU/USD) faced renewed selling pressure after bouncing from the $2,641 level and remains defensive as the European session begins on Thursday. The US Dollar (USD) continues its recovery, reaching a three-week high, as expectations for aggressive policy easing by the

Japanese Yen Declines as US Dollar Strengthens Ahead of ADP Employment Report The Japanese Yen (JPY) weakened against the US Dollar (USD) on Wednesday, as uncertainty grows around the possibility of future interest rate hikes by the Bank of Japan (BoJ). The BoJ’s Summary of Opinions from September’s Monetary Policy Meeting indicated no immediate plans