Gold Price Forecast: XAU/USD pulls back from five-month high, trades near $1,970
Gold prices snap the winning streak amid US Dollar rebound. Escalation of the Israel-Hamas conflict could limit the downfall in the prices of Gold. Greenback receives upward support on improved…
NZD/USD touches fresh 2023 trough, around 0.5825 area as traders look to Fed’s Powell
NZD/USD drifts lower for the third straight day and touched its lowest level since November 2022. The Israel-Hamas war, hawkish Fed expectations underpin the Greenback and weigh on the major.…
USD/MXN trades lower around 17.9400 on hawkish meeting minutes from Banxico
USD/MXN retraces recent gains post Banxico’s meeting minutes. US headline inflation surpassed the expectations; while jobless claims printed a lower reading than expected. The recent barrage of positive US data…
Gold Price Forecast: XAU/USD extends gains near $1,850 on Middle East conflict
Gold price continues to trade higher on geopolitical tension. The Palestine-Israel conflict could increase the demand for safe-haven assets like Gold. Upbeat US jobs data supports the US Dollar (USD).…
USD/INR loses traction below 83.20 following RBI rate decision, US NFP eyed
USD/INR holds below the 83.20 mark after the Reserve Bank of India (RBI) rate decision. RBI maintained a status quo on rates for the fourth consecutive time at 6.5%. US…
EUR/GBP consolidates its losses around the mid-0.8600s ahead of the German trade data
EUR/GBP oscillates around the 0.8647-0.8661 region in a narrow trading band on Thursday. Eurozone Retail Sales came in at -2.1% YoY in August vs.-1%, worse than expectation. UK’s S&P Global/CIPS…
USD/JPY discovers support near 148.50 as focus shifts to US PCE inflation
USD/JPY finds support near 148.50 despite rising odds of BoJ’s intervention due to excessive volatile moves. S&P500 futures added significant gains, portraying an improvement in appeal for risk-sensitive assets. Investors…
USD/JPY surges to 11-month high around 148.90 on market caution, upbeat US Treasury yields
USD/JPY trades around an 11-month high on the back of robust growth in US Dollar (USD). Investors are pricing in the Fed’s hawkish stance on interest rates trajectory. 10-year US…
EUR/GBP trades higher near 0.8700 to extend gains, focus on ECB Lagarde’s speech
EUR/GBP looks to gain ground above 0.8700 psychological level. Eurozone PMI data provided support for the Euro. BoE’s surprise decision to pause its rate hike cycle has undermined the Pound…
USD/CAD Price Analysis: Loses momentum below 1.3480, eyes on Canadian Retail Sales, US PMI
USD/CAD loses traction around 1.3460 on Friday. The pair holds below the 50- and 100-hour EMAs; Relative Strength Index (RSI) stands in bearish territory below 50. The first resistance level…
