Fundamental Analysis Category

September 20, 2024
Bank of Japan Keeps Interest Rate Unchanged in September, As Expected

Bank of Japan Keeps Interest Rate Unchanged in September, As Expected On Friday, the Bank of Japan (BoJ) announced that it would maintain its short-term interest rate target between 0.15% and 0.25%, following a two-day monetary policy review. This decision aligned with market expectations. Back in July, the BoJ surprised markets by raising the policy

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September 6, 2024
Gold Price Nears Weekly High Ahead of US NFP Report, Remains Below $2,525 Resistance

Gold Price Nears Weekly High Ahead of US NFP Report, Remains Below $2,525 Resistance Gold price (XAU/USD) is trading near its weekly high for the third consecutive day on Friday, ahead of the European session. Despite this upward trend, investors remain cautious as they await the US Nonfarm Payrolls (NFP) report before making any significant

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September 5, 2024
Silver Price Forecast: XAG/USD Holds Below $28.50 as Traders Eye US PMI Data

Silver Price Forecast: XAG/USD Holds Below $28.50 as Traders Eye US PMI Data Silver (XAG/USD) is trading with a mild bearish bias around $28.25 early Thursday during the Asian session. A modest recovery in the US Dollar (USD) is weighing on silver prices. However, speculation that the US Federal Reserve (Fed) may implement a deeper

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September 4, 2024
Gold Price Struggles to Gain Momentum as Traders Await New Catalysts

Gold Price Struggles to Gain Momentum as Traders Await New Catalysts The Gold price (XAU/USD) has rebounded from multi-day lows but remains under the $2,500 mark amid a renewed bid in the U.S. Dollar (USD) on Wednesday. Despite this, ongoing geopolitical risks and the potential for imminent Federal Reserve (Fed) rate cuts could support the

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August 28, 2024
Pound Sterling Drops from Recent Highs as Attention Turns to US Core PCE Inflation

Pound Sterling Drops from Recent Highs as Attention Turns to US Core PCE Inflation The Pound Sterling (GBP) has pulled back from a more-than-two-year high of 1.3266 against the US Dollar (USD) during Wednesday’s London session. The GBP/USD pair has dipped as the US Dollar regains some strength, with investors now focusing on the upcoming

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