by Eddie Tan | Feb 16, 2024 | Forex Analysis
16 Feb 2024 Currencies Focus: US Dollar and Gold Prices Navigate Economic Waters: Gold prices have made a significant recovery, surpassing the $2,000 mark due to the weakening US dollar and the drop in Treasury yields, sparked by less favorable US economic data. The...
by Eddie Tan | Feb 15, 2024 | Forex Analysis
Daily Forex Analysis for 15 Feb 2024 CURRENCIES: A Brief Overview US Dollar Trends The US dollar finds equilibrium after its initial jump following the CPI data announcement, with the DXY index hovering near equilibrium. This stabilization doesn’t necessarily...
by Eddie Tan | Feb 15, 2024 | Forex Analysis
Gold, Forex, and Stock Responses to US CPI Data Gold’s Market Reaction Post-US CPI Announcement Following the release of the US Consumer Price Index (CPI) data, gold prices fell to their lowest in two months, reflecting the market’s anticipation of a more...
by Eddie Tan | Feb 13, 2024 | Forex Analysis
CURRENCIES: Gold Price Trends: Gold prices experienced a downturn, influenced by the uptick in U.S. Treasury yields and a strengthening U.S. dollar. This trend highlights the inverse relationship between gold prices and U.S. economic indicators. Gold prices decline....
by Eddie Tan | Feb 12, 2024 | Forex Analysis
Insights CURRENCIES: The DXY index experienced an uptick due to rising U.S. Treasury yields, with the market’s attention turning to the forthcoming January inflation report. Expectations set the headline CPI to decelerate to 3.1%, with core CPI anticipated at...
by Eddie Tan | Feb 8, 2024 | Forex Analysis
Decoding Economic Signals for February 8, 2024 Gold Price Dynamics and Market Anticipation Currently, gold prices are navigating through a period of anticipation, with the market on the lookout for impactful developments that could steer its short-term trajectory. A...
