Euro trims gains as the Pound strengthens ahead of Andy Burnham’s nomination 

Euro trims gains as the Pound strengthens ahead of Andy Burnham’s nomination 

The Euro (EUR) ticks lower against the  British Pound (GBP) on Monday, trading at 0.8495 at the time of writing, as last week’s rebound from 13-month lows at 0.8455 failed to consolidate above 0.8500.  The Sterling is picking up across the board as the market braces for the nomination of the former Mayor of Manchester, […]

Holds above nine-day EMA support at 185.50

Holds above nine-day EMA support at 185.50

EUR/JPY remains subdued for the third consecutive day, trading around 185.80 during the Asian hours on Monday. The currency cross is holding a constructive bullish bias as it stays above both the nine-day and 50-day Exponential Moving Averages (EMAs), now aligned as nearby dynamic support. The 14-day Relative Strength Index (RSI) at 55.33 leans to […]

Gold falls toward $4,000 as US-Iran hostilities boosts Fed rate hike bets

Gold falls toward ,000 as US-Iran hostilities boosts Fed rate hike bets

Gold price (XAU/USD) falls to around $4,000 during the early Asian trading hours on Monday. The precious metal hovers around the psychological level in recent weeks after losing 14% in the second quarter (Q2), its worst showing since 2013. Rising tensions between the United States (US) and Iran push oil prices up, intensifying inflation fears. […]