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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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95 วันที่ผ่านมา
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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Crypto hovering at altitude
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto hovering at altitude
FxPro
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6 ชม. 46 นาทีที่ผ่านมา
Tariffs Ignite Safe-Haven Rally
Global financial markets on May 6, 2025, are stabilizing as investors await the Federal Reserve’s two-day FOMC meeting, with major currency pairs trading in tight ranges. Gold and silver rally on safe-haven demand driven by Trump’s new tariff threats and Middle East tensions, while the US Dollar holds steady despite recent weakness.
Moneta Markets
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9 ชม. 48 นาทีที่ผ่านมา
GBPUSD shows bullish spark, but key resistance nearby
GBPUSD sends mixed signals near key support area of 1.3250. Bulls need a decisive close above 1.3285.
XM Group
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10 ชม. 26 นาทีที่ผ่านมา
US dollar struggles continue ahead of Fed meeting
Risk appetite on the mend despite S&P 500 losing ground yesterday; Implied volatilities drop sharply across the board; Gold rallies once again, while oil remains close to its recent lows; All eyes on US trade balance, the 10-year US auction and Trump’s rhetoric;
XM Group
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10 ชม. 45 นาทีที่ผ่านมา
Japanese yen halts gains as US trade negotiations return to the spotlight
USD/JPY had an opportunity to correct after two consecutive days of decline, with Tuesday’s trading centred around 143.78.
RoboForex
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11 ชม. 32 นาทีที่ผ่านมา
USDCHF Analysis: Tariff threats once again disturb the market
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCHF for May 6th, 2025.
Ultima Markets
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11 ชม. 59 นาทีที่ผ่านมา
ATFX Market Outlook 6th May 2025
U.S. ISM Services PMI for April indicated accelerated expansion. However, the input prices index surged to its highest level in over two years, highlighting rising inflationary pressures likely stemming from tariffs. U.S. Treasury yields inched higher, while the dollar weakened against major currencies like the euro and yen as markets assessed the ongoing uncertainty surrounding President Trump’s
ATFX
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13 ชม. 14 นาทีที่ผ่านมา
Ready to Boost Your Trading with Offshore Accounts? Here’s What You Need to Know!
This article highlights essential tips for choosing a secure offshore trading account, focusing on transparency, regulation, and risk management to boost trading success.
EBC Financial Group
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15 ชม. 46 นาทีที่ผ่านมา
