Gold Price Forecast: XAU/USD finds dual support at $1,930 and $1,915, US data eyed – Confluence Detector
Gold Price stays pressured for the fourth consecutive day despite lacking downside momentum. Upbeat headlines from China, Country Garden fails to impress XAU/USD buyers as US Dollar traces firmer yields.…
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/JPY hangs near weekly low, just below mid-145.00s; focus remains on US NFP
USD/JPY refreshes weekly low on Friday, albeit lacks follow-through selling. The divergent Fed-BoJ policy stance continues to act as a tailwind for the pair. Traders now look to the US…
GBP/USD: Door open to a probable test of 1.2800 – UOB
Further upside could prompt GBP/USD to revisit the 1.2800 region in the next few weeks, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes…
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…
Pound Sterling prints a fresh four-day high on upbeat market mood
Pound Sterling stabilizes above 1.2600, supported by a risk-on mood. UK housing demand drops sharply due to rising mortgage rates. Investors hope that policy divergence between the Fed and BoE…
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…
ECB’s Centeno: Downside risks for growth outlined in June projections are materializing
“Eurozone economic growth indicators have been surprising on the downside recently,” European Central Bank (ECB) Governing Council member and Bank of Portugal Governor Mario Centeno said while speaking at Reuters…
US ADP’s August private payrolls estimate is seen at 195K – Rabobank
Analysts at Rabobank note that markets will have more labor market data from the US to scrutinize. Atlanta Fed’s GDPNow stands at a robust 5.9% for Q3 “The ADP’s August…
Expecting a stronger NFP print on Friday at 180K – TD Securities
Analysts at TD Securities assess the latest data releases from the US and preview the upcoming ones. Second tier data coming up with ADP and Home Sales “JOLTS and Consumer…
