Tag: higher

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Tag: higher

2025-08-08 11:27:00 admin

Gold and Silver Prices Set for Bullish Breakout as US Dollar Weakens – Key Levels to Watch

Gold and silver show strong bullish setups above key support levels, while continued weakness in the US Dollar Index could further boost precious metal prices.Gold (XAUUSD) prices are consolidating at the resistance of $3,400 level and are looking to break higher. Despite support for interest rate cuts from key Federal Reserve officials, the metal has been below the key resistance of $3,450. Investors remain cautious as the market awaits further confirmation on policy direction.Fed officials, in

2025-08-05 18:14:34 admin

US Dollar Price Action: NFP Data and Trump Fed Remarks to Drive GBP/USD & EUR/USD Volatility – Key Forex Levels to Watch

Key Points:US Dollar Index (DXY) slips to 97.00 as markets bet on a Fed rate cut in September following soft economic data.June NFP forecast shows just 110K new jobs; unemployment expected to rise to 4.3%, fueling dovish sentiment.Trump criticizes Fed and Japan trade terms, urging lower interest rates and better U.S. trade balances.Market OverviewThe US Dollar Index (DXY) slipped to 97.00 during Monday’s Asian session, down 0.35% on the day. The decline follows weak US economic data and growing