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As the trading week continues to unfold, gold is once again facing difficulties in regaining momentum in the short term. This can be seen in the performance of the last three trading sessions, where the metal has declined by approximately 0.9%, resuming a bearish dynamic that has once again become evident in recent market activity.
Recent trading sessions have begun to highlight a clear lack of direction around Dow Jones price action. This can be seen in the performance of the last three sessions, where the index has posted a modest decline of approximately 0.2%, reflecting the absence of a consistent directional bias and a growing sense of caution across the market.
During today's trading session, the EUR/USD pair has posted a gain of more than 0.8% in favor of the euro, marking one of its strongest bullish moves in recent weeks and once again reinforcing a notable bullish bias in the short term.
USDJPY retested the 150 zone for the first time since December 2024, alongside a rise in 10-year government bond yields to 16-year highs. Meanwhile, EURUSD remains above 1.04 ahead of upcoming Flash PMI releases.
FOMC meetings are some of the most important economic policy events. The meetings provide opportunities for both day traders and longer-term traders. Learn about the impacts of FOMC meetings and how to trade them.
