tradingforex

Gold prices extended their rally on Tuesday, reaching 3,490 USD per troy ounce, approaching an all-time high. The metal found support in growing expectations of a Federal Reserve rate cut as soon as September, along with a concurrent weakening of the US dollar. Last week’s US inflation report bolstered hopes of a shift towards a … Read more

Traders are getting back to their desks after a prolonged weekend – Both the United States and Canada were celebrating Labor Day yesterday. The week prior to Labor Day tends to see slower movement and thinner volumes and despite recent volatility, this year was not an exception. Rangebound conditions have dominated currency markets since Powell’s … Read more

Markets Traders around the world, including in the US after Labour Day, have swapped their loungers for office chairs and governments were made well aware. Risk premia are back with a vengeance after a relatively calm summer period. The ultralong end of the curve is underperforming and the UK is once again lagging peers. The … Read more

The US dollar has posted sharp gains against most of the majors on Tuesday. In the North American session,EUR/USD is trading at 1.1672, down 0.33% on the day. The euro fell as smuch as 0.84% today but has recovered most of those losses after soft US manufacturing data. Eurozone CPI ticks up to 2.1% Eurozone … Read more

The ISM Manufacturing Index rose to 48.7 in May, up from 48.0 in July, but remained in contraction territory. Only seven of 18 industries reported growth for the month, matching July’s share. Roughly 70% of manufacturing GDP contracted in August, down from 79% recorded in July. However, demand conditions improved in August, with the new … Read more

We are assisting at a very mixed picture across different asset classes – Equities are down after the long weekend, the US Dollar is up but correcting from its highs since the ISM Manufacturing PMI report, and Cryptocurrencies are sluggish, but showing signs of rebound. After sending worrying signs throughout the past week of price … Read more

Yen dominated currency moves in an otherwise subdued Asian session, with broad-based selling gathering pace. After weeks of range-bound trading, the Japanese currency may finally be breaking lower, particularly in the crosses where momentum is building. Trade uncertainty is a central factor. Japan is still waiting for a formal executive order from U.S. President Donald … Read more

Global bond markets came under pressure in European session, led by a sharp selloff in long-dated UK gilts. Yield on UK 30-year surged past 5.65% to its highest in 27 years, breaking above the peak set in April. Investors are increasingly concerned that Prime Minister Keir Starmer’s government may abandon fiscal discipline ahead of the … Read more

Key Highlights EUR/USD stayed above 1.1550 and started a fresh increase. It faces key hurdles near 1.1740 and 1.1800 on the 4-hour chart. Gold prices gained strength and surpassed the $3,435 resistance. Bitcoin dipped below the $112,000 and $110,000 support levels. EUR/USD Technical Analysis The Euro remained supported above 1.1550 and recovered losses against the … Read more

In focus today In the euro area, attention shifts to August unemployment data. While the labour market has remained robust with low unemployment, employment growth has moderated lately. We expect the unemployment rate to remain unchanged at 6.2%. Additionally, the final manufacturing PMI is due today. With much of Europe on holiday in August, late … Read more