Market News

Gold Price Sinks to Multi-Week Low as Trump Victory Spurs Sharp USD Rally Gold (XAU/USD) faces heavy selling pressure in Wednesday’s European session, dropping to the $2,700 level—its lowest in nearly three weeks. Republican candidate Donald Trump is leading the US presidential race, positioning him as the likely 47th president, which has sparked a strong

Australian Dollar Holds Gains Following Hawkish RBA Comments, Focus Shifts to US Election The Australian Dollar (AUD) remains steady after gains from improved Purchasing Managers Index (PMI) data released on Tuesday. The Reserve Bank of Australia (RBA) held its Official Cash Rate (OCR) at 4.35% for an eighth consecutive pause in November, and it’s expected

Australian Dollar remains subdued as US Dollar inches higher ahead of US PCE Price Index The Australian Dollar lingered in that strange, somber limbo it often found itself in, steady yet subdued against the mighty Greenback as Thursday dawned over the global market. Beneath the surface, there was a story in each data point, and

Japanese Yen Struggles as BoJ Decision Looms; US Data in Focus The Japanese Yen (JPY) edged higher against the US Dollar during the Asian session on Wednesday, but gains remain limited as the currency hovers near a three-month low. Concerns that Japanese authorities may intervene to support the Yen lend it some resilience; however, uncertainty

Japanese Yen Faces Selling Pressure Amid Political and Economic Uncertainty The Japanese Yen (JPY) faces challenges to start the week as market participants digest the implications of Japan’s general election results. Meanwhile, the only data on the U.S. docket is the Federal Reserve Bank of Dallas’ Texas Manufacturing Business Index for October. Later in the