Forex

If you were watching gold prices on Thursday, you probably witnessed one of the wildest moves in precious metals history. In a single day, gold swung through a massive $500 range—hitting a record high near $5,600 per ounce during the morning before crashing nearly 9% to around $5,100 during U.S. trading hours, then recovering some…

By ForexTime  Silver ↑ 40% since start of 2025 83% correlation with gold over past 2 years Supported by industrial demand, ETFs and weaker USD Over past year US NFP triggered moves of ↑ 1.5% & ↓ 2.0% Bloomberg FX model – 70% – ($100.22 – $131.27) Precious metals are taking a beating as the…

The US stock indices closed mixed on Thursday. By the end of the day, the Dow Jones (US30) rose by 0.11%. The S&P 500 (US500) decreased by 0.13%. The tech-heavy Nasdaq (US100) closed lower by 0.72%. The primary pressure on the market came from a large-scale sell-off in tech stocks as investors began to reassess…

By RoboForex Analytical Department EUR/USD fell to 1.1919 on Friday.  Despite this movement, the week ends with the US dollar experiencing its second consecutive decline. Pressure on the USD is driven by heightened geopolitical tensions and uncertainty about economic policy in Washington, which is reducing investor confidence in the dollar. The focus is on recent…

The Week Ahead – Return of the Dollar – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link

Gold Crashes, Trump’s New Fed Chair, What’s Going On? – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link

Trump is widely expected to nominate Kevin Warsh as the new Fed Chair today. It’s good news for the dollar, which can price out some risks of a more dovish pick. However, a new catalyst may be needed in the coming days to break decisively below 1.190 in EUR/USD. There are plenty of data releases…