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Source: Forexcom News Agency
1 week ago
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Gold Analysis: XAU/USD Struggles to Regain Momentum After CPI Data

Gold Analysis: XAU/USD Struggles to Regain Momentum After CPI Data

As the trading week comes to an end, one of the most relevant developments has been the neutral behavior displayed by gold in the short term. Over the last four trading sessions, price action has registered only a modest move of around -0.36%, a dynamic that highlights the recent lack of momentum around the metal.

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XAUUSD XAU/USD
Source: Forexcom
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Source: Forexcom News Agency
1 week ago
Forex Medium Importance AI Analyzed
US Dollar Price Action Setups: EUR/USD, USD/JPY

US Dollar Price Action Setups: EUR/USD, USD/JPY

If you look at anything but the chart it really seems like the past week is one where the US Dollar should've broken out in a very big way. Sure, the ECB did hike rates by 25 basis points but the initial reaction to that announcement showed how well it was already priced-in, to the degree that ECB ‘sources' needed to come out after the fact and highlight the possibility of another hike to get bulls back on the bid.

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USDJPY USD/JPY
Source: Forexcom
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