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Summary

What then are  the new key issues Forex traders must be aware of?

 
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Editors’ Picks

AUD/USD holds above 0.6600 ahead of the US PMI, Fed’s Powell speech

AUD/USD holds above 0.6600 ahead of the US PMI, Fed’s Powell speech

The AUD/USD pair holds above the 0.6600 psychological mark during the early Asian session on Friday. However, the rebound of the US Dollar might cap the pair’s upside in the near term. Meanwhile, the US Dollar Index surges to 103.50 while the US Treasury bond yield edge higher.

AUD/USD News

EUR/USD suffers worst decline in months, stays below 1.0900

EUR/USD suffers worst decline in months, stays below 1.0900

EUR/USD lost almost a hundred pips on Thursday, having the worst day in months. The Euro lost ground across the board while the US Dollar had a mixed performance after US data pointed to softer inflation and a more balanced labor market.

EUR/USD News

Gold recovers its losses near $2,040, focus on US PMI, Fed’s Powell speech

Gold recovers its losses near $2,040, focus on US PMI, Fed’s Powell speech

Gold price recovers its recent losses near $2,040 during the early Asian session on Friday. The anticipation that the Federal Reserve to hold rates steady and perhaps start cutting in 2024 weighs on the US Dollar and lends some support to the USD-denominated gold.

Gold News

XRP price could springboard above the 50-day SMA to forge a path north

XRP price could springboard above the 50-day SMA to forge a path north

Ripple price could springboard on the support provided by the 50-day Simple Moving Average, to forge a path north as the cryptocurrency market remains focussed to the SEC in eagerness to find out what the closed-door meeting was all about.

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Salesforce rally helps Dow Jones outpace NASDAQ, S&P 500 on Thursday

Salesforce rally helps Dow Jones outpace NASDAQ, S&P 500 on Thursday

Salesforce (CRM) is the main story on Thursday. The enterprise software company utilized artificial-intelligence-based (AI) integrations in its product suite to grow profits and revenue for the third quarter.

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