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Source: Forexcom News Agency
1 month ago
Forex Medium Importance
Gold consolidates breakout as bullish case builds

Gold consolidates breakout as bullish case builds

The way gold continued to find buyers on dips beneath $4,000 an ounce through June and July may have been the tell that a larger move was coming, eventually culminating in the sharp breakout seen in early August. The move followed a run of supportive developments, raising the possibility that the breakout could evolve into something more significant depending on how the price action evolves from here.

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XAUUSD XAU/USD
Source: Forexcom
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Source: Invezz News Agency
1 month ago
Forex Medium Importance
USD/JPY forecast: Japanese yen outlook as BoJ hints at faster rate hikes

USD/JPY forecast: Japanese yen outlook as BoJ hints at faster rate hikes

The Japanese yen softened against the US dollar, even after the Bank of Japan (BoJ) flagged rising risks of faster interest rate hikes in the last meeting. The USD/JPY pair rose to 158.23, up by nearly 2% from its lowest level this month.

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USDJPY USD/JPY
Source: Invezz
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