Gold Price Remains Defensive Below Multi-Month High Amid Risk-On Sentiment
Gold price (XAU/USD) came under selling pressure during the Asian session on Thursday, retreating from the multi-month high of $2,763–$2,764 touched the previous day. This decline halts a three-day winning streak. The US Dollar (USD) gained some strength from its recovery off a monthly low, supported by a rebound in US Treasury bond yields, and […]
US Data and Trump Drive Sentiment in the FX Market
The US Dollar Index (DXY) managed to recover some ground, though a breakout above the 108.00 level remains out of reach for now. Weekly Initial Jobless Claims take the spotlight alongside the EIA’s report on US crude oil inventories, providing key cues for market sentiment. The EUR/USD rally lost steam after reaching multi-week highs above […]
EUR/USD Stalls Recovery Amid Midweek Slowdown
The EUR/USD pair slipped slightly on Wednesday, losing approximately 0.1% as markets entered a quiet phase ahead of key economic data releases later in the week. U.S. President Donald Trump has temporarily paused his ongoing trade war rhetoric and threats of broad-based import taxes, leaving investors with limited drivers for market movement. Thursday’s trading session […]