GBP/USD rises 0.12% to 1.3289 as Dollar slumps on soft US labor data. July NFP print at 73K; prior months revised down 258K, triggering BLS chief firing. Markets price 76% chance of Fed rate cut in September. BoE expected to cut by 25 bps on August 7; 50 bps easing seen for 2025. The GBP/USD…
The difference between technical and fundamental analysis in forex is one of the most important concepts every trader must understand. These two approaches offer distinct methods for analyzing currency movements. While some traders focus entirely on charts, others make decisions based on economic news, data releases, and interest rate expectations. Knowing the difference between technical…
EUR/USD rallies from 1.1391 to 1.1554, gaining over 1% on Friday. July Nonfarm Payrolls show just 73K jobs added; May–June revisions slash 258K jobs. Fed funds futures price in 62 bps of easing by December; 76% odds of a September rate cut. EU inflation data beats forecasts: HICP at 2.4% YoY, core HICP steady at…
EUR/USD boosted by signs of imminent US–EU deal ahead of August 1 deadline. US Durable Goods Orders miss, but jobless claims stay strong, supporting Fed hold expectations. ECB holds rates steady; next week’s focus shifts to key Fed policy decision on July 30. The EUR/USD finished the week up by nearly 1% on Friday, yet…
EUR/CHF edges higher amid speculation of intervention from the Swiss National Bank in currency markets. EU–US trade talks stall ahead of August tariff deadline, fueling market uncertainty and limiting EUR/CHF gains. EUR/CHF tests key Fibonacci resistance as downtrend holds, while bearish momentum fades. The Euro (EUR) is edging higher against the Swiss Franc (CHF). On…
Gold rallies as tariff risks and trade tensions fuel demand for safe-haven bullion. EU-US trade talks stall as President Trump increases demands, sending the US Dollar lower. XAU/USD threatens psychological resistance at $3,400 as bullish momentum increases. Gold (XAU/USD) is benefiting from renewed trade tensions on Monday, which have triggered demand for the safe-haven yellow…
Fed’s Waller supports July rate cut, pulling Treasury yields and Dollar lower. UoM survey shows improved sentiment and easing inflation expectations in the US. ECB decision, EU PMIs, and US macro data in focus for the week ahead. The EUYR/USD finished Friday’s session with gains of over 0.26% amid a weaker US Dollar, following dovish…
Gold price recovers a portion of losses after a rejection of $3,300. Interest rate expectations and rising yields support the Dollar, limiting bullion gains. XAU/USD bulls and bears battle to push the price out of its narrow range. Gold (XAU/USD) is experiencing a pullback on Thursday as traders digest US Retail Sales data and await…
The Euro recovers against the US Dollar with concerns over the Fed’s independence limiting losses. EUR/USD price action recovers above 1.1600 as momentum turns neutral. Tariffs and trade deals remain in focus for the EUR/USD pair. The Euro (EUR) is strengthening against its US Dollar (USD) counterpart on Wednesday, as traders shift focus to concerns…
Gold edges lower as the US Dollar rebounds ahead of Tuesday’s Consumer Price Index (CPI) Bullion bulls fail to gain traction above Fibonacci resistance, pushing price action back toward $3,350. XAU/USD remains vulnerable to US Dollar price action and risk sentiment. Gold (XAU/USD) is trading between $3,340 and $3,370 on Monday in response to news…