USD/CHF moves on a downward trajectory near 0.8730, awaits Swiss Real Retail Sales
USD/CHF continues to lose ground as the US Dollar attempts to retrace recent gains. US GDP Annualized increased by 5.2% against the expected rise of 5.0% in Q3. Swiss ZEW…
Gold price advances to multi-month top as Fed rate cut bets continue to weigh on USD
Gold price gains positive traction for the sixth straight day and refreshes its multi-month top. Dovish Fed expectations, falling US bond yields and a bearish USD continue to lend support.…
USD/INR gains ground, Indian government keeps an eye on exchange rate
Indian Rupee retains a weak undertone on the USD demand. India’s finance minister said the government is monitoring the exchange rate, especially following the Indian Rupee’s decline. India’s Gross Domestic…
USD/CAD retraces the recent losses as Crude prices drop, moves above 1.3650
USD/CAD receives upward pressure on weaker Crude oil. WTI prices fall as investors anticipate an agreement on supply cuts into 2024. CAD gained ground on upbeat Canada’s retail Sales on…
Gold price struggles for a firm near-term direction amid Fed rate uncertainty
Gold price is seen oscillating in a narrow trading band during the Asian session on Friday. Dovish Fed expectations continue to lend some support to the non-yielding yellow metal. A…
USD/CAD hovers around 1.3680 with a negative bias amid lowered Crude prices
USD/CAD seems biased to move downward despite the weakening in Crude oil prices. WTI prices lose ground on an unexpected delay in an upcoming OPEC+ meeting. US economic data turn…
Gold price retreats further from monthly peak, downside potential seems limited
Gold price ticks lower after the FOMC meeting minutes struck a more hawkish tone. Subdued US Dollar price action could lend some support and help limit further losses. Repeated failures…
Gold price bulls look to seize control near two-week high ahead of FOMC minutes
Gold price catches fresh bids on Tuesday as dovish Fed expectations continue to weigh on the USD. The upbeat market mood also does little to hinder the positive move back…
EUR/USD Price Analysis: Trades higher near 1.0920 as Fed is expected to end rate hikes
EUR/USD could reach immediate resistance around the major level at 1.0950. Technical indicators suggest a stronger momentum; bulls could target August’s high at 1.1064. A firm break below 1.0900 could…
USD/CHF consolidates near 0.8880 ahead of Swiss Industrial Production
USD/CHF faced challenges on concerns over China’s property sector. Swiss Franc could gain ground on prevailing risk-off sentiment. Upbeat US jobless claims data seem ineffective to the US Dollar’s resilience.…
