Forex News

Forex trading and market news!

Gold Investment: What’s the Best Way to Buy in 2025?

Forecast of Gold Price: Short-term Bounce at $1800 Psychological Level

Gold prices fell throughout the Asian trading session, reaching a low of approximately $1806.50 before the start of the European Open. Since then, there has been a negligible increase of approximately $6, and the current price of gold is 1812. Gold is still in an extremely vulnerable position, with the fundamentals pointing to further losses […]

Forecast of Gold Price: Short-term Bounce at $1800 Psychological Level Read More »

Forex Today: Bank of Canada Softens Dollar- Q4 GDP Gains Attention

Forex Today: Bank of Canada Softens Dollar- Q4 GDP Gains Attention

The US Dollar struggles to stay resilient against its rivals early Thursday as the US Dollar Index remains in negative territory below 102.00 following Wednesday’s slide. Throughout the first half of the day, the market action will likely be driven by risk perception as there will be no high-quality data released on the European economic

Forex Today: Bank of Canada Softens Dollar- Q4 GDP Gains Attention Read More »

Forex Today: Australian Inflation Hits 32-Year High, Focus on the BOC

Forex Today: Australian Inflation Hits 32-Year High, Focus on the BOC

The following information is important for Wednesday, January 25. Investors are looking for the next significant catalyst as markets remain indecisive mid-week. As a result of Tuesday’s failed recovery attempt, the US Dollar Index is hovering around 102.00, while the 10-year US Treasury bond yield is hovering just below 3.5 percent. As the European morning

Forex Today: Australian Inflation Hits 32-Year High, Focus on the BOC Read More »

US PCE inflation data expected before the Long weekend

US PCE inflation data expected before the Long weekend

Market conditions remain subdued early Friday as traders in the lead-up to Christmas remain subdued. A monthly report from the German Bundesbank will be released during European trading hours. A report on November’s Personal Consumption Expenditure (PCE) Price Index, the Federal Reserve’s preferred inflation measure, will be released by the US Bureau of Economic Analysis

US PCE inflation data expected before the Long weekend Read More »