
Gold is approaching $4,500, buoyed by central bank purchases
Gold is hovering near the $4,500 resistance level, driven by massive central bank purchases and weakening expectations of U.S. rate hikes.
The Forex (Foreign Exchange) is the world's largest financial market with over $7.5 trillion traded daily — nearly 20 times the volume of all global stock exchanges combined. It runs 24/7 from Sunday evening to Friday evening through Asian (Tokyo), European (London, Frankfurt) and US (New York) sessions.
The 8 major pairs account for ~70% of volume: EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, NZD/USD and XAU/USD (gold vs dollar). Minor pairs (EUR/GBP, EUR/JPY...) and exotics (USD/TRY, USD/MXN...) offer opportunities on monetary policy divergences but with higher volatility and spreads.
On ActuTrading Forex, you'll find our technical and fundamental analysis on major pairs, central bank decisions (Fed, ECB, BoJ, SNB) driving long-term trends, macro events that move exchange rates (CPI, NFP, PMI, rate decisions), and practical trading strategies — no jargon, no magic promises.
The world's most liquid pair. Live price, analysis, forecasts and Fed/ECB impact.
Read →"Cable" — the historic pound sterling vs dollar pair. Volatile, sensitive to Fed/BoE.
Read →Dollar vs Japanese yen. Safe-haven currency, sensitive to Fed rates and BoJ policy.
Read →Swiss franc, the ultimate safe haven. SNB-driven, negative correlation to EUR/USD.
Read →Australian dollar, commodity currency. Correlated to iron ore and Chinese economy.
Read →Canadian dollar — commodity pair dependent on WTI oil and Bank of Canada.
Read →Euro vs pound sterling, ~$150B/day, ECB vs BoE divergence.
Read →Carry trade king, sensitive to ECB + BoJ + risk-on/off.
Read →"The Dragon" — 100-200 pip range, high-volatility pair for advanced traders.
Read →New Zealand dollar, dairy + China currency, RBNZ.
Read →MAS NEER management, low volatility, Asian hub.
Read →How Federal Reserve decisions move the entire FX market.
Read →ECB policy analysis and its impact on the euro.
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Gold is hovering near the $4,500 resistance level, driven by massive central bank purchases and weakening expectations of U.S. rate hikes.

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Japan's finance minister reaffirms the Bank of Japan's complete independence regarding interest rates. A clear message amid growing political pressure.

The Japanese government puts an end to speculation: no more advance hints about the Bank of Japan’s monetary policy. This shift in policy is reshuffling the deck for the USD/JPY pair.

Tokyo denies accusations that it is exerting political pressure on the Bank of Japan to keep interest rates low. The government reaffirms the independence of its central bank.

Disappointing U.S. employment data is causing the dollar to fall and pushing back the prospect of another Fed rate hike. The EUR/USD is benefiting from this.

A member of the Japanese government's advisory panel is calling on the BOJ to implement moderate rate hikes. The yen and bond markets are reacting to this policy statement.

Christopher Kent, deputy governor of the RBA, warns that the Australian central bank could take a tougher stance on inflation. A major turning point for the AUD.

The Bank of Japan is adopting a more hawkish tone, but the USD/JPY remains stuck above 161. MUFG analyzes this worrying discrepancy for Tokyo.