Forex Signal Bullish

Mr. Jakaria

Middle East turmoil props gold for fifth straight weekly gain

Amidst the tumult in the Middle East, gold continues its ascent for the fifth consecutive week. The allure of the precious metal strengthens as geopolitical tensions heighten, driven by escalating hostilities between Iran and Israel. The value of gold surged on Friday, positioning itself for a fifth straight week of gains. Investor interest in this …

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Amber persisted beyond $2,170 per troy ounce on Thursday following a near 1% uptick in the prior session, albeit investors retained prudence anticipating additional US economic data that might furnish further insights into monetary policy prospects. US manufacturer inflation, retail transactions, and weekly unemployment filings are slated for Thursday. On Tuesday, statistics unveiled that the …

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Gold, Gold trading, xausud signals

Gold hovers near 3-month peak as eyes on Jerome Powell’s testimony

gold lingers in proximity to a zenith unseen in three months, casting a watchful eye on the forthcoming discourse from Jerome Powell, the Federal Reserve Chair. The precious metal’s stability is anchored by a restrained trajectory in U.S. manufacturing and construction spending. Investors stand in anticipation, eager for Powell’s testimony and pivotal employment data slated …

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EURUSD meanders horizontally, ensnared in the web of uncertain monetary policy outlook

During the midweek, EURUSD descended towards the pivotal 1.08000 threshold but adeptly clung above it. Subsequently, the pair recouped the majority of its setbacks following the revelation of a U.S. GDP report, slightly weaker than anticipated. Potential ramifications for traders EURUSD has lately displayed heightened volatility. Observers in the market attribute this surge in volatility …

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Divergence in ECB and Fed monetary policies decreases, pushing EURUSD higher

European Central Bank (ECB) and the Federal Reserve triggers a decline, propelling the EURUSD upwards. On Monday, the Euro experienced a 0.18% surge, signifying its ascent for the week. Implications for Traders The fortification of the Euro can be predominantly ascribed to the diminishing gap in the envisaged trajectory of interest rates between the United …

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Gold, Gold trading, xausud signals

Gold prices recover as softer dollar lifts appealGold prices recover as softer dollar lifts appeal

the auriferous market experienced a resurgence, propelled skyward by the gentler demeanor of the American currency. This golden revival unfolded as the precious metal sought redemption, convalescing from a recent downturn triggered by fervent U.S. inflation figures, a development that tempered expectations of premature interest rate adjustments by the esteemed Federal Reserve. FUNDAMENTAL ELEMENTS

Gold prices trade sideways, CPI data awaited for more rate cues

Amidst the ebb and flow of financial markets, the valuation of gold has chosen a path of neutrality, treading within a confined trajectory. This stagnation is in response to the prevailing dominance of the dollar, as market participants adopt a cautious stance ahead of impending inflation data. This data is anticipated to significantly influence the …

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