Gold Price Forecast: XAU/USD hits multi-week high on risk-off, falling US bond yields
On Friday, the gold price saw a significant uptick and reached its highest since February. Investors' anxiety about a worldwide financial crisis boosts the safe-haven XAU/USD. Expectations for a less aggressive Fed, plunging US bond rates, and a lower USD…
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EUR/USD Price Analysis: Bulls maintain above 1.0600, but the northward route seems rocky.
In a two-day rally, the EUR/USD rebounds to an intraday high, consolidating Wednesday's significant losses. Buyers are encouraged by the sustained breach of the two-day-old bullish channel at 200-HMA. Bulls are encouraged by almost overbought RSI levels and slow MACD…
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Latest Forex Market News of 17 March, 2023
In this article, we have covered the highlights of global market news about the NZD/USD, AUD/USD, GBP/USD and USD/CAD. NZD/USD rises to 0.6240 on a swift resolution to the financial issue NZD/USD applauds the optimism during Asian hours, driven by a lower US…
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AUD/USD stays below mid-0.6600s, lacking bullish momentum.
On Thursday, there is new purchasing in the AUD/USD pair, although it seems complicated to profit from the trend. The positive Australian employment report helps the local currency despite a slight USD decline. The key limiting factors are fears of…
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Top 4 Forex News Updates of 16 March, 2023
In this article, we have covered the highlights of global market news about the NZD/USD, USD/CAD, EUR/USD and USD/JPY. NZD/USD remains negative, around 0.6150, due to the weak NZ GDP and the problems at Credit Suisse and SVB. NZD/USD is still weak at 0.6160, down…
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