Gold reacts to US data

Source: Dukascopy Bank SA


In general, fundamentals keep making an impact on the markets. It was revealed eventually to the world that the Fed might not cut rates until the end of 2024, which strengthened the US Dollar. Moreover, the release of US Employment data on Friday at 13:30 GMT caused volatility.

During these events, the price for Gold dropped to the 2,025.00 level and then surged above 2,060.00. In general, wait for the fundamental volatility to end, before returning to

Higher above, take into account the 2,075.00 and 2,085.00 levels that have shown to be capable of impacting the pair.

On the other hand, a decline of the commodity price is expected to look for support in the 2,050.00 and 2,030.00 levels. Further below, support could be found in the 2,010.00 and 2,000.00 levels.
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Tue, 09 Jan 2024 13:07:55 GMT

EUR/USD trades around 1.0950

Since the high volatility that was caused by the US employment data, the EUR/USD rate has consolidated around the 1.0950. Support is found near 1.0930 and resistance was located at 1.0980. In the meantime, note that the initial drop of the US Dollar was offset by details of the US employment release. Namely, despite new jobs, higher earnings and lower

Fri, 05 Jan 2024 14:55:19 GMT

USD/JPY reaches above 145.00

In general, fundamentals keep making an impact on the markets. It was revealed eventually to the world that the Fed might not cut rates until the end of 2024, which strengthened the US Dollar. Moreover, the release of US Employment data on Friday at 13:30 GMT caused volatility. During the events, the pair broke the 144.30/145.00 range and the weekly

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