Daily Forex Market Overview: January 24, 2025
The global forex market on January 24, 2025, has been shaped by a combination of economic data releases, central bank commentary, and evolving geopolitical developments. Major currency pairs like EUR/USD,…
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…
Daily Forex Market Overview: January 23, 2025
Forex Market Overview Summary The Forex market Overview on January 23, 2025, exhibited heightened volatility and cautious sentiment, as traders navigated key economic data releases, geopolitical developments, and central bank…
US Dollar Pullback Boosts Australian Dollar, Awaiting Jobless Claims Report
The Australian dollar was supported after China’s Caixin Manufacturing Purchasing Managers’ Index was released on Thursday. China’s manufacturing output continued to rise in December, expanding for the 14th consecutive month.…
US Dollar Index Nears 101.00 After Powell Signals Gradual Rate Cuts
The U.S. dollar index rose after Fed Powell said the central bank would cut interest rates “over time.” The CME FedWatch tool shows a 61.8% chance the Fed will cut…
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…
Japanese Yen remains tepid despite fears of intervention by authorities
The Japanese Yen struggles due to overseas asset purchases by Japanese individuals through the NISA program. The BoJ is set to evaluate a viable strategy for reducing its government bond…
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…
