Category forex

Gold Price Drops

Gold price falls 1.43% near $4,390 Gold price (XAU/USD) trades near $4,390, close to its two-month low of $4.366.56. The precious metal faces intense selling pressure due to the renewed Middle East crisis. This crisis has prompted oil price increases, affec

Yen Nears Intervention Level Against USD

USD/JPY approaches 160, driven by widening 2-year UST/JGB spreads The Japanese Yen is grinding towards 160 against the USD, driven by the re-widening in 2-year UST/JGB spreads to 270bp. This spread level is not insignificant technically and corresponds with the pre