Forex EBook Store Team

According to TDS’ Senior Commodity Strategist Daniel Ghali, the current state of the Gold market presents a unique opportunity. The recent drop in aggregate open interest for CME Gold, which is now near all-time lows at 425k, has historically been a sign of low Gold prices. This is despite a strong macroeconomic case for the … Read more

The GBP has made gains against the USD, rising to approximately 1.3470 during Friday’s North American session. This recovery follows an initial decline earlier in the day, as the US Dollar gave up some of its gains due to a post made by US President Donald Trump on Truth.Social. In his post, Trump mentioned renewed … Read more

During Friday’s North American trading hours, the price of gold (XAU/USD) fell to nearly $3,280, following a strong upward movement the previous day. Despite renewed trade tensions between the US and China, the US Dollar (USD) gained strength, putting pressure on the yellow metal. The US Dollar Index (DXY), which measures the value of the … Read more

During Friday’s North American trading hours, gold price (XAU/USD) managed to recover some of its initial losses and rebounded to nearly $3,305. However, it is still down by around 0.4%. This rebound was driven by renewed trade tensions between the US and China, as shown by President Donald Trump’s recent statement on Truth.Social claiming that … Read more

After initially declining, the price of gold (XAU/USD) shows some recovery during North American trading hours on Friday, edging closer to $3,305. However, it is still down by approximately 0.4%. The recent upswing in trade tension between the United States (US) and China, sparked by a post on Truth.Social by President Donald Trump claiming that … Read more

The U.S. Bureau of Economic Analysis reported on Friday that the annual inflation rate in the United States, as measured by the Personal Consumption Expenditures (PCE) Price Index, decreased from 2.3% in March to 2.1% in April. This data, scheduled to be released by the BEA at 12:30 GMT on Friday, is considered the Federal … Read more

According to Commerzbank’s Head of FX and Commodity Research Thu Lan Nguyen, the value of Gold briefly dropped below USD 3,250 per troy ounce on Thursday due to news that a US court deemed most of President Trump’s imposed tariffs to be illegal. The court stated that only the US Congress has the authority to … Read more

According to analysts from UOB Group, the US Dollar (USD) is expected to fluctuate within the range of 7.1800/7.2000 against the Chinese Yuan (CNH). In the long term, the USD is projected to trade between 7.1800 and 7.2300. In the 24-hour timeframe, the USD witnessed an increase in momentum, reaching 7.2025. However, it fell short … Read more

The BEA of the US is preparing to publicly release the PCE Price Index data for April on Friday at 12:30 GMT, which is considered the Fed’s preferred measure of inflation. The expected monthly increase in the core PCE Price Index, excluding volatile prices of food and energy, is 0.1% after remaining unchanged in March. … Read more