Gold Fundamentals & News Gold prices are down by -1.84% in 24 hours and have reached $2017. The yellow metal extended its loss on Friday and dropped to its 2-day lowest level amid the rising strength of the US dollar. The US dollar Index, which measures the value of the greenback against the basket of …
Gold Came Under Pressure After Positive US Employment Data Read More »
XAU/USD is trading at 1,986.71, down by 0.14% in a day. The price of gold was rising in the previous session due to the high demand for safe-haven. However, XAU/USD declined dramatically as the dollar gained momentum after shocking US economic data that showed the economy grew 1.1% in the first quarter. Key Takeaways: US …
XAU/USD fell amid the unexpected outcomes of US economic data Read More »
Bitcoin has gained 8.81% of its value in 24 hours to trade at 29,783. The recent financial crisis caused the price of Bitcoin to decouple from the stock markets and surge toward the end of Q1. Currently, speculation about the likelihood of a similar happening is on the rise, and Bitcoin appreciated due to the …
Bitcoin rose after Increased concerns about the American banking Industry Read More »
EUR/USD has lost about 0.36% of its value in 24 hours to trade at 1.1002. The dollar increased as concerns about earnings and the state of the global economy grew, which caused the currency pair to fall from nearly a 10-month high. Key Takeaways: USD increased in earnings, EUR/USD drops First Republic Bank (FRC) released …
EUR/USD Under Extreme Pressure After US Dollar Rally Read More »
Key Takeaways: Declining Crude Oil Weighed on Loonie and helped USD/CAD Currency Pair On Thursday, Canada gave its March employment report, and the figures looked positive. Compared to February’s figure of 21,800, the economy added 34,700 jobs, much above the average forecast of 7,500. Additionally, unemployment was unchanged at 5.0%, a decrease from the prediction …
USD/CAD strengthened Despite positive CAD Employment Data Read More »
Gold prices marginally declined after recovering to key levels in the previous session as traders anticipated further economic unrest due to an industrial slowdown and rising oil prices. Key Takeaways: Gold Faced Pressure on Rising Hawkish Fed Expectations After OPEC+ Output Cut OPEC+ unexpectedly reduced output on Sunday by 1.1 million barrels per day to …
Gold Prices Down on Hawkish Bets Amid OPEC+ Output Cut Read More »
Today is an active day for GBP, with a focus on the BoE interest rate decision. Following yesterday’s shockingly high UK CPI reading, a solid justification exists for another raise from the BoE. Key Takeaways: Dovish Fed added in the gains of GBP/USD The Federal Reserve increased its benchmark funds rate by 25 basis points …
GBP/USD – Eyes on BoE Rate Hike following strong UK CPI data Read More »
If there is no struggle, there is no progress.
Frederick Douglass
