Intraday Trading Strategy for EUR/USD January 24, 2025
Overview of EUR/USD Market EUR/USD is one of the most traded currency pairs in the world. It is highly liquid, with a narrow bid-ask spread, making it ideal for intraday…
Gold price sticks to modest intraday gains, remains confined in a multi-week-old range
Gold price drifted lower following the release of the crucial US CPI report on Wednesday. Diminishing odds for a 50-bps rate cut in September lifts the US bond yields and…
Gold price sticks to modest intraday losses around $2,500 amid positive risk tone
Gold price struggles to capitalize on Friday’s breakout momentum amid a positive risk tone. Fed rate cut bets, along with geopolitical risks, might continue to lend support to the metal.…
Gold price sticks to modest intraday gains, looks to Fed for fresh directional impetus
A combination of supporting factors assists Gold price to attract some dip-buyers on Tuesday. September Fed rate cut bets undermine the USD and act as a tailwind amid a softer…
Gold price lacks firm intraday direction, upside remains capped amid rising US bond yields
Gold price oscillates in a narrow trading band on Monday amid mixed fundamental cues. Rising bets for a September Fed rate cut weigh on the USD and lend support to…
Gold price sticks to modest intraday losses as traders keenly await US PCE Price Index
Gold price attracts some sellers and reverses a part of Thursday’s recovery from a two-week low. The USD advances to a fresh two-month high and exerts downward pressure on the…
Gold price struggles for a firm intraday direction, hover above $2,300
Gold price fails to lure buyers amid a fresh leg up in the US bond yields, modest USD uptick. A positive risk tone also contributes to capping the upside for…
Gold price sticks to modest intraday gains, bulls seem non-committed ahead of US data
Gold price regains some positive traction on Tuesday, albeit lacks follow-through buying. Sliding US bond yields undermine the USD and lend some support to the XAU/USD. Geopolitical risks also benefit…
Australian Dollar maintains its position post intraday gains, US Dollar remains stable
Australian Dollar strengthens on dashed hopes for RBA rate cuts. Australia’s ASX 200 moves higher following the overnight surge on Wall Street. US Dollar received upward support as mixed US…
Australian Dollar hovers above a psychological level after intraday gains, US PPI eyed
Australian Dollar gains strength after the release of the mixed Chinese data. Australian currency retraces its recent losses on risk-on mood. Chinese CPI YoY fell by 0.3% and the monthly…
