Gold Price Forecast: XAU/USD recovers some lost ground above $1,920, eyes on US data
Gold price currently trades around $1,928 after seeing a rejection from the $1,948 mark. The Federal Reserve (Fed) held interest rates steady at the 5.25-5.50% range on Wednesday. Fed is…
USD/JPY consolidates in a narrow range above 147.50, investors await BoJ, Fed rate decision
USD/JPY oscillates around the 147.68-147.88 region in a narrow trading band. The Federal Reserve (Fed) is likely to hold rates steady on its September meeting. The possibility that the Bank…
AUD/JPY Price Analysis: Extends its upside beyond 95.30, bolstered by upbeat Chinese data
AUD/JPY trades in positive territory for the sixth straight day on Friday. Relative Strength Index (RSI) holds above 50 in the bullish territory. The immediate resistance level emerges at 95.78;…
USD/MXN drops toward 17.1000 after US CPI data, focus shifts to Core PPI
USD/MXN trades lower after the release of US CPI data on Wednesday. US Dollar (USD) experienced downward pressure following the market sentiment of no interest rate hike by the Fed…
GBP/USD Price Analysis: Oscillates in a range below the 1.2500 mark, eyes on UK GDP, US CPI
GBP/USD oscillates in the 1.2480-1.2502 region in a trading band. The pair holds below the 50- and 100-hour EMAs on the one-hour chart; the RSI stands below 50. The critical…
EUR/JPY struggles to find a direction below the 157.60 mark, German ZEW survey eyed
EUR/JPY holds below the 157.60 area and lacks follow-through. Analysts expect the ECB to keep interest rates steady at its September policy meeting on Thursday. BoJ Governor said the central…
USD/INR experiences downward pressure, trades below 83.00
USD/INR extends its losses on the third day, driven by the anticipation of a dovish Fed policy in September. Upbeat Gift Nifty is underpinning the Indian Rupee (INR). Improved US…
USD/CAD retreats from multi-month top, eyes mid-1.3600s ahead of Canadian jobs data
USD/CAD drifts lower during the Asian session on Friday amid a modest USD weakness. A combination of factors warrants some caution before positioning for any meaningful slide. Traders now look…
Gold Price Forecast: XAU/USD snaps a losing streak, trades higher around $1,920
Gold price trades higher despite firmer US Dollar (USD). Upbeat US Treasury yields support the Greenback’s run-up. China-linked fear weighs on the price of bright metal. Gold price snaps five-day…
AUD/USD recovers from the recent losses, treads waters to remain above 0.6450
AUD/USD consolidates above 0.6450 after the US mixed employment data. Investors turn cautious on the expected 25 bps rate hike by the Fed, following the moderate employment figures. Aussie traders…
