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Gold Price Predictions: XAU/USD recovers from three-week low, but remains below $1,800

Update: Gold recovered traction early on Wednesday, moving away from a near three-week low hit the day before. The XAU/USD kept its bid tone during the European session, hovering close below the $1,800 barrier. Concerns about the rising number of COVID-19 cases in Europe and the reimposition of lockdown measures aided the safe-haven precious metal. […]

EUR/USD and GBP/USD trading strategy for beginners on November 24, 2021

The economic calendar for November 23, 2021 is as follows:Speculators spent yesterday monitoring business activity indices. Let’s examine them in detail for each country. At 9:00 a.m. U.S., Europe released its manufacturing index, which unexpectedly showed growth, confusing the markets. Locally, the euro quote rose, but then fell back to its previous level, resuming the […]

NZD/USD. The RBNZ’s hawkish meeting and the happenings in Turkey

The RBNZ said it now “had time for contemplation” after raising interest rates, implying a potential wait-and-see stance. Meanwhile, the regulator’s Governor Adrian Orr remained hawkish, predicting a 2.5% rate by the end of 2023. The next round of interest rate hikes is expected to occur in February 2022, in line with the New Zealand […]

The US dollar remains strong, and growth may resume today

The expected Fed rate hike is still a hot topic in the market, and it continues to affect investor sentiment. The US stock market is still dominated by rising borrowing costs, which hurts technology businesses and companies with large debts incurred during the coronavirus pandemic. Historically, rising interest rates have harmed the stock market, but […]

GBP/USD analysis and trading recommendations for November 24

On Tuesday, a sell signal appeared in GBP/USD when the MACD line moved below zero. This allowed traders to securely short the pair, causing a 40-pip drop. The rest of the day brought no more signs. GBP/USD trading advice for November 24 The pound fell yesterday on disappointing UK manufacturing and service PMI data. Demand […]