Gold hovers above $5,200, setting the stage for another weekly gain
Gold (XAU/USD) trades slightly higher on Friday, pressing against the upper boundary of this week’s established range, after reports that US officials advised nonessential embassy staff in Israel to depart amid rising tensions, stoking fears of potential military escalation in the ongoing US-Iran standoff. At the time of writing, XAU/USD is trading around $5,225, up […]
Fed on hold as core PCE surprises higher – Nordea
Jan von Gerich at Nordea notes that US data flow has been light, but a December upside surprise in core PCE suggests price pressures may be easing more slowly than CPI implies. He argues this supports the Federal Reserve staying on hold, and Nordea does not expect further rate cuts even after Kevin Warsh replaces […]
Price above 20-day EMA backs near-term bullish bias
The USD/JPY pair is down 0.2% to near 155.80 during the European trading session on Friday. The pair retraces as the Japanese Yen (JPY) extends recovery on hopes of Japan’s intervention. Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the […]
Holds above 0.7100 amid bullish technical setup
The AUD/USD pair attracts fresh buyers following the previous day’s modest pullback and holds steady above the 0.7100 mark through the Asian session on Friday. Spot prices seem poised to register gains for the sixth straight week and remain within striking distance of a three-year peak, touched earlier this month. The AUD/USD pair holds above […]
