Pound Sterling consolidates against US Dollar with US inflation on radar – FXStreet
Ahead of November's US inflation data, the British pound is moving in a narrow range against the US dollar around 1.2750. Economists expect the Fed to cut rates by 25 basis points after its December 18 policy meeting. Investors are awaiting the UK's monthly GDP statistics to find out the current state of the economy. […]
USD/CAD consolidates near weekly high, around 1.4070 as traders await Powell’s speech – FXStreet
USD/CAD has no clear direction during the day and is influenced by a combination of divergent forces. An overnight rise in oil prices and a reduction in bets that the central bank will cut deep interest rates are supporting the loonie. USD bulls continue to wait and see ahead of Fed Chair Jerome Powell's speech […]
Gold price consolidates in a range around $2,640 area – FXStreet
Gold prices have no clear direction and are influenced by a combination of forces. Non-dovish Fed bets are supporting the USD and creating a headwind for XAU/USD. Trade war concerns, geopolitical risks and lower U.S. Treasury yields are providing some support. Gold prices (XAU/USD) fluctuated in a narrow range during Tuesday's Asian session, failing to […]
Forex Today: US Dollar consolidates weekly gains ahead of Retail Sales, Fedspeak – FXStreet
Here's what you need to know on Friday, November 15th. Asian stocks remained mixed, dragged down by mixed China activity data and a gloomy Wall Street overnight close. Despite a notable increase in China's retail sales, the country's industrial production and fixed asset investment data were disappointing, amplifying economic concerns and keeping markets on edge. […]
Gold Price Forecast: Consolidates Between Major Moving Averages – FX Empire
Range limit until moving average is broken In this week's price action, gold prices are contained between resistance near the 20-day moving average at 2,719 and support near the 50-day moving average at 2,643. This could lead to further consolidation between the two moving averages or a move through one of the price levels. Notice […]
GBP/USD consolidates around mid-1.3000s, seems vulnerable amid bullish USD – FXStreet
GBP/USD remains close to its one-month low hit last week, with the US dollar gaining strength. Bets that the Fed's policy easing will be less aggressive and geopolitical risks are supporting gains. Expectations that the central bank's rate cutting cycle will accelerate have weighed on the pound, favoring the bears. The GBP/USD pair has struggled […]
USD/JPY Price Forecast: Forms doji consolidates at around 143.50 – FXStreet
USD/JPY ended unchanged at 143.58, forming a “doji” candlestick, indicating indecision amid geopolitical risks. The RSI suggests a possible consolidation and is expected to trade between 142.98 and 144.53 in the near term. A move above 144.53 could target the 50-DMA at 145.00 and 145.47, while a move below 142.98 reveals the support level at […]
Gold price consolidates below record high as traders await US PCE Price Index – FXStreet
Gold prices hit new highs on Thursday on the back of dovish expectations from the Federal Reserve. Amid a risk-on mood and overbought conditions, modest gains in the US dollar are capping gains. Traders are now looking forward to the US PCE price index before betting on the direction. Gold prices (XAU/USD) fell during Asian […]
OpenAI Boss Sam Altman Consolidates His Power as *Another* Exec Departs, Org Mulls Going For-Profit
OpenAI, the leading AI company and developer of ChatGPT, is changing its corporate structure with its transformation to a for-profit company, while CEO Sam Altman consolidates his power with another high-profile executive leaving the organization. We are considering a major change in ownership. bloomberg report OpenAI, the company behind the popular chatbot ChatGPT, is reportedly […]
Gold price consolidates near all-time peak, holds comfortably above $2,600 mark – FXStreet
Gold prices are taking a breather after soaring to a new all-time high on Monday. The fundamental backdrop is favorable for bullish trading and supports the prospects of further gains. Traders are now focusing on Friday's US PCE price index before determining direction. Gold prices (XAU/USD) remain slightly overbought on the daily chart on Tuesday, […]