Analysis of XAU/USD: Gold Price Drops to a Two-Week Low

The USD/JPY pair soared to 160.34 on Thursday, reaching levels not seen since 1986, as market participants increasingly anticipate potential interventions from Japanese authorities. Despite repeated verbal assurances, the Japanese government has not taken concrete financial measures, leaving the yen vulnerable. Finance Minister Shunichi Suzuki reiterated that the government stands ready to counteract sudden and […]

NFIB’s Small Business Optimism Index fell 2.5 points to 91.2 in August, coming in below market expectations calling for a flat print. Eight of the ten subcomponents fell on the month, while only two improved. Large declines were recorded in expectations regarding higher real sales (-9 points to -18%), earnings trends (-7 points to -37%) […]

EURUSD ticked to new 2024 high (1.1088) on Tuesday, but bulls show signs of fatigue after strong rally in past two days. Fundamentals remain supportive as Eurozone trade surplus strongly widened in June and inflation remained elevated in July, signaling further gains after correction. Bullish daily studies contribute to positive outlook, but overbought conditions and […]