by OverviewFX | Aug 19, 2024 | Forex
AUDUSD rose to the highest levels in almost one month on Monday, in extension of almost 0.9% daily advance on Friday and 1.5% gains last week The pair enters the third consecutive week of strong gains, with the latest acceleration being boosted by revived risk...
by OverviewFX | Aug 19, 2024 | Forex
Keep your eyes on GBPCAD—new trading prospects are emerging! The GBPCAD currency pair, representing the exchange rate between the British pound and the Canadian dollar, is the most critical indicator of economic interaction between the UK and Canada. The Canadian...
by OverviewFX | Aug 19, 2024 | Forex
Markets are preparing for the Jackson Hole Symposium Eurozone data supports another ECB rate cut PMI surveys for the euro area will be published on Thursday Euro remains on the back foot against the pound The Jackson Hole gathering to break the summer lull Whilst ECB...
by OverviewFX | Aug 19, 2024 | Forex
Dollar continues to face broad-based selling pressure as the markets move into US session. Fed Governor Christopher Waller is set to speak, but he is expected to maintain his consistent view that Fed is nearing a rate cut while the economy remains on track for soft...
by OverviewFX | Aug 19, 2024 | Forex
We noted bullish sentiment in the gold market six days ago: → The price is moving within an ascending channel (shown in blue); → Bulls may attempt to set a historic record amid the release of economic news. As today’s XAU/USD chart shows, the gold price has risen...
by OverviewFX | Aug 19, 2024 | Forex
Gold prices surpassed the $2500/oz level on Friday despite a decrease in the likelihood of a 50 bps cut at the Federal Reserve’s September meeting. The rally in gold prices is attributed to dovish remarks by Federal Reserve policymakers and concerns over rising...
