S&P Under Pressure Ahead of NFP! – Orbex Forex Trading Blog

Silver and Gold are bouncing higher again after the Federal Reserve and other Central bank meetings With Oil and the US Dollar stumbling on the session, Metals and other risk assets are shining bright Intraday timeframe analysis for XAG/USD and XAU/USD Silver and Gold are bouncing higher in today’s session, with the bid taking traction…

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Markets started the week in wait-and-see mode ahead of Tuesday’s US inflation data, with trade headlines and central bank chatter steering sentiment. The dollar saw an early dip but reversed into the European session as traders shifted defensive ahead of the CPI release. Here are headlines you may have missed in the last trading sessions!…

By RoboForex Analytical Department Gold prices are on an upward trajectory, moving towards 2351.00 USD per troy ounce on Tuesday. This marks a significant rise after days of sideways movement, highlighting the metal’s renewed appeal among investors. This surge in gold prices can be attributed to a localised weakness in the US dollar, which has investors…

Weak UK retail sales and GDP data has put pressure on the British pound. Rumors suggest the Bank of Japan (BoJ) may hike rates next week, which could impact the Yen and GBP/JPY. On shorter timeframes (daily and hourly), there’s potential for a bounce and retest of broken trendlines, with resistance levels around 191.50 and…