Gold Declines as US Business Activity Rises
Gold Analysis—The yellow metal dropped to around $2,338 per ounce on Friday, nearing two-week lows. This marks the first weekly decline in three weeks....
May 24, 2024
USDCAD Analysis – Cad Slips as Fed Signals Hawkish
USD/CAD Analysis—The Canadian dollar weakened towards $1.372, moving further away from the five-week highs earlier in the month. This decline was driven by a...
May 24, 2024
Yuan Falls Near One-Month Low Due to U.S. Data
USD/CNH—The offshore yuan has edged lower to around $7.259, nearing a one-month low. This decline is influenced by strong U.S. economic indicators released overnight,...
May 24, 2024
AUDUSD Analysis – Fed Hawkish Stance
The Australian dollar held around $0.662 (AUD/USD) despite experiencing a 1% drop for the week. This decline was influenced by the US dollar’s strength,...
May 23, 2024
GBPUSD Gains Ground Amid UK Inflation Eases
The British pound has surged to $1.275 (GBP/USD), marking its highest value in two months. This rebound comes after a period of volatility as...
May 23, 2024
EURUSD Nears $1.08 Amid Central Bank Moves
As we approach the end of May, the Euro is hovering around $1.08 (EUR/USD). It reached a high earlier this month, but it has...
May 23, 2024
