Tag: Traders
Gold Price Outlook: Rising Amid Weak US Dollar Ahead of Fed Meeting
Gold prices have been making significant moves recently, bouncing back from daily lows and currently standing at $2,385. This increase comes amid a weakening US dollar and anticipation of potential rate cuts by the...
Inflation Report: Traders Confident in Fed Rate Cut for Thursday’s Key Announcement
The inflation report that is highly anticipated is set to be released on Thursday and it may confirm the expectations for the Federal Reserve to reduce interest rates in the upcoming months. The report...
EUR/USD Recovery Continues: Bullish Momentum Intact
The EUR/USD pair continues its recovery, showing bullish momentum as it surpasses the 1.0800 resistance level. A bullish trend line is forming with support at 1.0790 on the 4-hour chart, indicating a positive outlook...
Gold Price Increases as Traders Expect Fed Rate Cuts
Gold prices saw minimal movement during the North American session due to low trading volume. This was attributed to the Juneteenth holiday. However, data from the US indicated a slowing economy, which raised expectations...
Mexican Peso Faces Pressure Ahead of Retail Sales Data Release
The Mexican Peso experienced a slight decline against the US Dollar after making gains over the past five trading days. Currently, the USD/MXN pair is trading at 18.41, showing a 0.08% increase. This movement...