XAU/USD Consolidates at Record Highs Amid Fed Rate Cut Speculation

XAU/USD Consolidates at Record Highs Amid Fed Rate Cut Speculation

Gold prices have surged to new all-time highs, trading just below the $2,590 mark, as the market anticipates a potential 0.50% interest rate cut from the Federal Reserve. A combination of weakening U.S. inflation data, declining Treasury yields, and persistent geopolitical tensions has fueled a bullish sentiment for gold. This article examines the major drivers […]

USDJPY – 16 Sep 2024

USDJPY 16 Sep 2024

USDJPY – 16 Sep 2024 On the weekly timeframe, USDJPY has been in a sharp bearish trend since last June. The pair experienced a significant decline from a price position of 160.803 to hit a price of 140.083 last week. Currently, the pair is below the kumo cloud, and is not showing any clear signs […]

Yen Rises Amid Policy Divergence: BOJ and Fed in Focus

Yen Rises Amid Policy Divergence

Yen Rises Amid Policy Divergence: BOJ and Fed in Focus The Japanese yen strengthened to around 140.5 against the US dollar in light trading on Monday, nearing its highest level since July 2023. The currency’s rise comes amid growing expectations of a widening monetary policy gap between Japan and the US. The Bank of Japan […]

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