Gold Under Pressure
Market comments on behalf of Inki Cho Financial Markets Strategist Consultant to Exness
Gold slid after recording three sessions of gains and hitting a month-high as the market positions for a third consecutive weekly gain. The bullish momentum was supported by recent US economic indicators as traders reacted to in
flation and retail sales figures. Furthermore, comments from Fed Governor Christopher Waller suggested the possibility of...
Inflation Data Weighs on the Dollar
by Rania Gule, Senior Market Analyst at XS.com – MENA
The USD/JPY pair witnessed a significant drop, starting Thursday’s session around the 155.00 level, near the lower boundary of the short-term descending channel. This decline came after U.S. inflation data showed a slowdown in core inflation, triggering a dollar sell-off and prompting investors to seek refuge in the Japanese yen. This...
