Gold – 27.09.2024 – Orbex Forex Trading Blog

Today’s month-end session was gladly welcomed by ever-ecstatic investors. Yesterday’s session really materialized into a powerful move to the upside across global assets as the narrative took a significant turn. President Trump gradually pointed towards a lower resolve to maintain the defense of the Strait of Hormuz, indicating that European and Gulf countries would be…

The Australian dollar has edged lower on Wednesday. AUD/USD is trading at 0.6525 in the North American session, down 0.14% on the day. Earlier, the Aussie dropped as much as 0.9% and fell to a low of 0.6479 before recovering. Australian CPI climbs to 3.8% There were concerns that Australia’s inflation was moving the wrong…

The USD/JPY pair has been trading sideways within a range of 145.42 and 148.22 for several days. This consolidation phase presents important trading opportunities as we look ahead. Current Market Dynamics As long as the support level at 145.42 holds, this sideways movement can be interpreted as a consolidation for the uptrend that began at 141.68. A breakout above the resistance at 148.22 could…

By Allison Lampert, David Shepardson and Tim Hepher (Reuters) -U.S. Acting Labor Secretary Julie Su flew to Seattle to intervene in the labor dispute between Boeing (NYSE:) and about 33,000 striking workers that threatens the debt-laden company’s finances. Her first in-person intervention, confirmed by the Labor Department on Monday, comes days after the plane maker,…

102% increase in deployed hashrate from an average of 4.6 EH/s in February 2025 to 9.3 EH/s as of the end of March 2025 31% improvement in fleet efficiency from an average of 29.3 J/TH in February 2025 to 20.1 J/TH as of the end of March 2025 Launch of American Bitcoin in partnership with…