Yen Enters Seasonally Strong Month With Help From Weak Dollar

Yen Enters Seasonally Strong Month With Help From Weak Dollar

The yen is starting July with history on its side, having rallied this month for the last five years.

Asian shares rise, US dollar weakens as gold jumps

The Nikkei has fallen while the yen has strengthened against the US dollar which is languishing near multi-year lows as gold rises and oil prices dip.

Gold gains on dollar weakness, US jobs data awaited

Source: Live Mint – Gold firmed on Monday as the dollar hovered near its lowest level in more than three years, while the market’s focus shifted to a slew of U.S. jobs data due later this week that could influence the Federal Reserve’s rate cut trajectory. Spot gold was up 0.4% at $3,287.29 per ounce as of 0959 GMT, after hitting its lowest since May 29 earlier in the session. Bullion has risen 5.3% so far this quarter. U.S. gold futures gain…

Cracks in Gold Rally? Not Just Yet - Action Forex

Gold loses ground but remains supported near key pivot point. Technical signals deteriorate, sideways pattern intact above 3,150. Gold extended its short-term decline below its 20- and 50-day simple moving averages (SMAs) after Federal Reserve Chair Jerome Powell questioned the case for a July rate cut during his semi-annual testimony before Congress last week. Additionally, […] The post Cracks in Gold Rally? Not Just Yet appeared first on Actio…