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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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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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Pound Steadies as Markets Await Key US Data
The GBP/USD pair found stability on Friday, trading around 1.3453 as anxiety in the debt markets eased. Investor attention has shifted firmly to the upcoming US non-farm payrolls report, with softer US labour data reinforcing expectations of a Federal Reserve rate cut by year-end.
RoboForex
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Risk appetite firms up as investors anticipate softer US data
Risk sentiment improves, dollar slightly under pressure; Gold holds gains, bond yields ease across the board; Today’s NFP could determine the size of the Fed rate cut; Decent market reaction if jobs data delivers a strong upside surprise;
XM Group
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USDCAD steadies as markets brace for US jobs report impact
USDCAD battles with 1.3800 after bullish rally; MACD and RSI point down; NFP report may change the short-term outlook
XM Group
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il y a 1
Pound in Focus Ahead of UK Retail Sales as Majors Brace for Data | 5th September 2025
FX markets eye UK Retail Sales for GBP/USD direction, with data seen softer but key before NFP. EUR/USD holds above 1.1650 ahead of Eurozone GDP, while USD/JPY stays heavy near 147.00 on Fed cut bets and strong JPY data. DXY weakens toward 98.00; USD/CAD slips to 1.3800 as oil steadies. Volatility likely as data drives sentiment.
Moneta Markets
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il y a 1
Ahead of NFP: slowdown, but still growth in the US labour market
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Ahead of NFP: slowdown, but still growth in the US labour market
FxPro
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il y a 2
Bitcoin is too cautious, XRP is more relaxed
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin is too cautious, XRP is more relaxed
FxPro
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il y a 2
USD/JPY in Equilibrium as Volatility Rises
The USD/JPY pair held steady on Thursday, trading around 148.13 as the yen modestly recovered from the losses incurred in the previous session. The US dollar came under pressure following the release of softer US labour market data, which bolstered expectations of an impending Federal Reserve rate cut.
RoboForex
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il y a 2
USD/JPY holds flat, but bulls remain on watch
USD/JPY fails to close above 149.00 ahead of key jobs figures. Bulls could make another attempt if the 147.85 floor holds firm.
XM Group
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il y a 2
