Gold prices dipped on Tuesday as demand for safe-haven assets eased. Could more downside be ahead? Find out what’s next for XAU/USD in our analysts’ breakdown.
* Events. Gold fell below $4,000 per ounce as markets adjusted to the Federal Reserve’s (Fed) more cautious outlook.
* Background. Fed officials are now less supportive of further rate changes after last week’s cut, so the dollar started strengthening. Meanwhile, easing of U.S.-China tensions and China’s removal of a gold tax break are reducing global demand.
* Possible outcome. If upcoming U.S. economic data strengthens the Fed’s hawkish stance, gold could remain under pressure — unless new risks revive safe-haven buying.
Watch this week’s U.S. private payroll data. Until sentiment shifts, gold may stay range-bound or trend lower. Consider trailing stops and watch for reversal signals.
EUR/USD stays within a clear downtrend. Could fresh volatility be around the corner? Explore our analysts’ insights below to find out.
* Events. EUR/USD continued its downward trend on Monday, dipping as low as 1.15060 before closing at 1.15200.
* Background. Traders are watching for European Central Bank (ECB) President Lagarde’s speech this morning (07:40 UTC), which may address interest rates, inflation, or the economic outlook. Any unexpected comments could cause sharp movements in the euro.
* Possible outcome. If Lagarde signals a dovish ECB stance, the euro may fall further. A hawkish tone, however, could spark a short-term rebound.
Monitor Lagarde’s remarks closely. The EUR/USD is likely to remain in a downtrend, and Lagarde’s speech could accelerate it — offering a trading opportunity.
The Australian dollar lowered after the Reserve Bank of Australia’s (RBA) interest rate announcement. What does this mean for traders? Explore the details in our breakdown below.
* Events. AUD/USD slipped to 0.65300 following the RBA’s decision to keep rates unchanged at its November meeting.
* Background. The RBA cited persistent inflation, expecting the consumer price index (CPI) to stay above the target of 2-3% until late 2027. But with financial conditions improving, the RBA now sees policy as ‘closer to neutral’.
* Possible outcome. The RBA may keep policy changes on hold unless inflation rises further. However, if data indicates renewed price pressures or a shift in tone from the central bank, it could increase AUD/USD volatility.
Monitor Australian inflation and jobs data. While the RBA stays in a wait-and-see mode, the AUD may remain range-bound, which is ideal for short-term trading strategies.
