USD/JPY Price Exhausted Below 148.00, Eyes on US GDP
The USD/JPY price turned upside after reaching yesterday’s low of 146.65. The pair has climbed as high as 147.87 today.
Source: forexcrunch.com
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Gold Price Forms Triangle, Eyes on US PMI Data
The gold price is trading in the green at $2,033 at the time of writing. The metal seems determined to hit new highs as USD lost momentum.
Source: forexcrunch.com
Market Outlook for the Week of 22-26 January
Stay informed about the upcoming monetary policy announcements, economic data releases, and potential rate changes by central banks including the Bank of Japan, Bank of Canada, and European Central Bank. Expectations for rate hikes, rate cuts, and inflation data will influence market sentiment and trading opportunities. Keep an eye on Japan's CPI, US Core PCE Price Index, and Personal Income and Spending data for insights into consumer behavior and economic growth.
Source: forexlive.com
Gold Price Aiming for $2,000 as Selling Intensifies
The gold price turned to the downside as dollar struggled to resume its current swing higher. The metal is trading at $2,022 when writing.
Source: forexcrunch.com
Gold Price Unchanged Below Recent Top Ahead of US PMIs
The gold price seems undecided in the short term. The precious metal is trading at $2,041, below yesterday’s high of $2,047.
Source: forexcrunch.com