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Gold is on the upswing
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Gold is on the upswing
FxPro
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hace 94
Gold is on the upswing
Gold has hit record highs, moving into territory above 2800. Strong buying following the November-December correction suggests the end of the correction phase and the beginning of a new growth cycle.
A breakout to new highs activates a Fibonacci expansion pattern. The fundamental upside momentum in gold started in October 2023 and formed a peak at the end of October 2024. This was followed by a correction to 76.4% of the initial rally, which is typical of strong bull markets. The formal technical target now looks to be the $3,400 per troy ounce area. This is more than 20% above current levels but is achievable in the two- to four-quarter timeframe.
By the FxPro Analyst Team
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Survival of the fittest: OPEC+ confirmed a complete reversal in strategy
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Survival of the fittest: OPEC+ confirmed a complete reversal in strategy
FxPro
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hace 14h 57min
USDJPY, GBPUSD, Oil
Fed policy meeting to leave rates on hold; Will USDJPY recover ground?; BoC to cut rates by 25bps; GBPUSD ticks up; OPEC+ speeds up increases; WTI opens with bearish gap
XM Group
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hace 16h 22min
Gold rises as demand for safe-haven assets returns
Gold prices climbed to 3,260 USD per troy ounce on Monday, as global uncertainty—particularly around US-China trade negotiations—continues to drive demand for safe-haven assets.
RoboForex
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hace 18h 14min
US dollar fails to benefit from improved risk appetite
A quiet start to the week, as key markets are closed; All eyes on S&P 500 after nine consecutive positive sessions; Aussie benefits from Labour’s win, climbs against the US dollar; Gold stabilizes, but oil suffers again from OPEC+ reports;
XM Group
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hace 18h 54min
Crypto market blows off steam
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market blows off steam
FxPro
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hace 18h 58min
EUR/USD tests key support in bid for upside
EUR/USD meets familiar support and returns above 1.1300. Technical Signals don’t yet confirm a meaningful rally. Sellers may stay on the sidelines until price falls below 1.1200.
XM Group
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hace 19h 40min
ATFX Economic Calendar- 2025.05.05~2025.05.09
The ATFX Weekly Economic Calendar is a comprehensive resource designed to help traders and investors stay ahead of market-moving events. It outlines key economic data releases, central bank meetings, speeches, and geopolitical events for the week. This calendar provides a strategic tool for navigating global markets, offering insights into potential volatility triggers across multiple asset.
ATFX
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hace 1
ATFX Market Outlook 5th May 2025
Last Friday, the April Nonfarm Payrolls report in the U.S. surpassed expectations, indicating a resilient labor market. However, signs of slowing economic momentum, such as a contraction in Q1 GDP and rising jobless claims, raised concerns about a broader slowdown.
ATFX
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hace 1
