Japanese Yen ticks higher after revised Japan’s Q3 GDP; lacks follow-through – FXStreet
Following the upward revision of Japan's third quarter GDP, the Japanese yen rose slightly. The recent decline in US Treasury yields has hurt the US dollar and also benefited the yen. Questions about the Bank of Japan's ability to raise interest rates are further limiting the yen's upside. The Japanese yen (JPY) continues to struggle […]
Gold price jumps to multi-day top amid flight-to-safety sentiment, lacks follow-through – FXStreet
Gold prices saw new action on Friday amid trade war concerns and geopolitical tensions. USD is languishing near two-week lows, providing further support for the XAU/USD pair. Betting on a gradual rate cut by the Fed could keep a lid on the low-yielding yellow metal. Gold prices (XAU/USD) surged to a four-day high during Friday's […]
Gold price trades with mild positive bias, lacks follow-through amid mixed cues – FXStreet
Gold prices attracted some buyers, reversing some of Friday’s declines from a two-week high. Expectations of a Fed rate cut in September and geopolitical risks are giving XAU/USD some support. The US dollar has risen to its highest level since May 9, creating a headwind for commodities. Gold prices (XAU/USD) have found some support around […]
Japanese Yen remains on the back foot against USD, lacks follow-through ahead of US GDP – FXStreet
share: The Japanese yen fell slightly against the US dollar on Thursday, but the downside appears to be limited. The risk-on mood and the recent widening of the Japan-U.S. interest rate differential are putting pressure on the yen. The Bank of Japan's hawkish leanings could be a tailwind for the yen, as the […]