Market News – Page 18

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March 6, 2024
Market News

Gold Price Climbs on Weaker Jobs Data, Eyes Record High

Gold (XAU/USD) holds near $2,140 as weaker-than-expected US ADP private payrolls data fuels expectations of earlier Fed rate cuts. This supports the precious metal despite Fed Chair...

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March 5, 2024
Market News

Gold Price Surges Toward All-Time High, Eyes Powell Testimony and Jobs Data

Gold price (XAU/USD) extends its rally for the fifth straight day, approaching its December 2023 all-time high near $2,145 as falling US Treasury yields fuel further gains....

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March 4, 2024
Market News

NZD/JPY Battles for Direction, Short-Term Bears Clash with Potential Bullish Rebound

NZD/JPY kicked off Monday near 91.71, showing modest gains but facing overall bearish sentiment following a five-day sell-off. Technical indicators offer a mixed view, hinting at a...

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March 1, 2024
Market News

US Markets Open Mixed as Traders Await Clearer Fed Direction

Wall Street indices started Friday on a mixed footing, with the Dow Jones Industrial Average (DJIA) down 0.1%, the S&P 500 (SPX) up 0.13%, and the tech-heavy...

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February 29, 2024
Market News

USD/CAD Retreats on In-Line US Inflation, Eyes Key Manufacturing Data

USD/CAD briefly spiked to 1.3597 on Thursday before retreating to 1.3541 following US Personal Consumption Expenditure Price Index (PCE) data that met market expectations. Canadian Gross Domestic...

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February 28, 2024
Market News

EUR/USD Dips on US Economic Resilience, Inflation Data Eyed

The Euro slides for a second day against the US Dollar as markets digest recent US economic data, revealing a still-strong economy despite signs of slowing momentum....

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February 27, 2024
Market News

GBP/JPY retreats from a multi-year high

GBP/JPY retreats from a multi-year high, experiencing selling pressure on Tuesday that snaps a five-day winning streak. The pair reached its highest level since August 2015 near...

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February 23, 2024
Market News

USD/JPY dips but retains gains for the week with a slight 0.17%

The USD/JPY retreats, after hitting weekly highs of 150.77, aim back below the 150.50 figure late in the North American session. The major exchanges hands at 150.44,...

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February 22, 2024
Market News

The AUD/JPY is currently trading at 98.648

The AUD/JPY pair was seen trading at 98.648, marking a mild gain of 0.20% and reaching its highest level since 2015. The pair predominantly exhibits a bullish...

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February 21, 2024
Market News

USD/CAD tested a new high for the week but remains tepid

USD/CAD briefly tested a fresh high for the week, but the pair continues to churn in near-term consolidation levels as markets buckle down after the latest meeting...

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