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…
USD/CHF holds ground near 0.8800 after soft Swiss Survey Expectations, US data eyed
USD/CHF rebounds due to downbeat Swiss economic data. Investors will monitor Switzerland’s inflation data, seeking further cues on interest rate hikes by SNB. Market participants await US economic data to…
USD/JPY recovers from below 146.00 while US Dollar retreats ahead of labor market data
USD/JPY rebounds swiftly from 146.00 amid weakness in the Japanese Yen due to uncertainty about BoJ’s exit from the ultra-loose policy. The US Dollar retreats ahead of the US ADP…
