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Gold price forecast: XAUUSD holds below $1,682 as DXY eases ahead of US inflation.

By admin . November 7, 2022

The price of Gold is stable following a downturn in the crucial week. The US currency does not help China-related risk aversion, and the Fed is still determining its next move. As pivot negotiations intensify, US inflation data and Fedspeak…
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4 Global Market Updates- 7 November, 2022

By admin .

In this article, we have covered the highlights of global market news about the USD/JPY, GBP/USD, AUD/USD and USD/CAD. USDJPY Price Analysis: Moderately bid between the 100 and 200 SMAs Before Monday's European session, USD/JPY maintained its defensive position around 147.20, modestly bid to…
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Maximizing Profits: Choosing Between Long or Short Forex Trading Positions

By admin . November 5, 2022

For all beginning traders, it is essential to comprehend the fundamentals of going long or short forex. Whether a trader believes a currency will appreciate (go up) or depreciate (go down) in relation to another currency determines whether they take…
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Australian Dollar Outlook: RBA Clips Dollar’s Wings

By admin .

Forecast for the Australian Dollar: Bearish The relative rate adjustments last week caused the Australian Dollar to decline. Compared to the Fed and BoE, the RBA's most recent rate boost was insignificant. If China reopens, the RBA's approach to CPI…
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USD/CNH dips to 7.3100 on PBOC interference, US NFP watched

By admin . November 4, 2022

The USDCNH is under pressure at its intraday low and has fallen for two days in a row. PBOC reports the largest weekly cash outflow in nine months. Bears cannot link amid pre-NFP consolidation despite an increase in China's Covid…
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