Category forex

$4,100: the Immediate Support for Gold

Gold price (XAU/USD) trades 2.1% lower at around $4,170 during the European trading session on Wednesday. The precious metal faces intense selling pressure as Iran has announced that negotiation terms with the United States (US) towards a permanent peace deal have returned

AUD Slides as RBA Rate Cut Expectations Grow

Analysts forecast the Reserve Bank of Australia’s next move will be a rate cut amid cooling inflation and economic uncertainty. The Australian Dollar fell 0.25% to 0.7010 USD in European trading as markets priced in a potential Reserve Bank of Australia rate cut. The shift

USD/JPY Holds Above 160.00

USD/JPY stays above 160.00 mark The USD/JPY currency pair has maintained its position above the 160.00 mark. This level is considered a key psychological threshold. The pair had previously dropped roughly 500 pips following an intervention by Tokyo at the e