Pound Sterling strengthens on upbeat UK GDP data, risk-on market mood – FXStreet
Sterling of the pound has made progress as the UK's GDP rose at a robust pace in December and an astonishing expansion in the last quarter. Boe's Greene and Pill have led a gradually more cautious approach to interest rate reductions. Investors are volatility as the US president is poised to announce mutual tariffs. Pound […]
Forex Today: US Dollar stays under pressure as mood improves – FXStreet
Here's what you need to know for Thursday, February 13th: The US Dollar (USD) is struggling to find demand early on Thursday after failing to capitalize its January inflation data on Wednesday. The European Economic Calendar presents industrial production data for December. Later that day, January producer price index (PPI) data from the United States […]
USD/CAD Price Forecast: Trades near 1.4250 after breaking below rectangular pattern – FXStreet
USD/CAD may test immediate support at a psychological level of 1.4250. When the pair returns to a rectangular pattern, the bearish bias may be reduced. This pair can approach major resistance at 9 days of EMA of 1.4316. The USD/CAD pair have continued their winning streak in their third consecutive session, trading around 1.4260 during […]
USD/INR softens on RBI intervention, investors brace for US CPI release – FXStreet
The Indian rupee gained traction in early European sessions on Wednesday. RBI interventions can help limit INR losses. CPI inflation data for India and the US will be highlighted later on Wednesday. The Indian rupee (INR) is upside down on Wednesday, strengthened by strong intervention from the Reserve Bank of India (RBI). Furthermore, US dollar […]
Australian Dollar remains steady despite risk-off sentiment, Fed’s cautious signals – FXStreet
The Australian dollar could face challenges due to rising trade tensions following President Trump's tariff hikes. The AUD could decline even further amid growing geopolitical risks as Israeli Prime Minister Netanyahu threatened to end the Gaza ceasefire. The US dollar could be strengthened as Fed Powell shows there is no urgency to cut interest rates. […]
GBP/JPY flat lines below 188.00; seems vulnerable ahead of BoE Governor Bailey's speech – FXStreet
GBP/JPY has struggled to take advantage of the modest overnight bounce from its lows a few months ago. The fear of Global Trade War benefits JPY's safe haven status and keeps the cross upswing. The Divergent Boj-Boe policy outlook supports further depreciation movement outlook. GBP/JPY Cross will find some support near the 187.40 area during […]
EUR/USD slips into a third straight loss as tariff concerns weigh – FXStreet
EUR/USD lost another 0.3% on Monday, returning to 1.0300. President Trump signed the sweeping fee late Monday. This week, US inflation data to control market flows. The EUR/USD fell by about a third of 1% on Monday, returning to the 1.0300 handle as market sentiment took the knee. Investors are waiting for a clearer signal […]
Gold price in India: Rates on February 10 – FXStreet
Gold prices rose on Monday, according to data compiled by FXStreet. The gold price was INR 8,129.78 (INR) per gram compared to 8,083.86 IT costs on Friday. Gold prices rose to 94,824.19 per Tola on Friday, at 94,288.59 per Tola. Unit Measure INR gold prices 1 gram 8,129.78 10 grams 81,297.83 Tora 94,824.19 Troy ion […]
GBP/USD holds below 1.2400 on firmer US Dollar – FXStreet
GBP/USD softened to around 1.2390 in Monday's Asian session, losing 0.14% of the day. Trump said he will announce mutual tariffs in many countries this week. Boe's Bailey reiterated that “a progressive and prudent approach to monetary policy remains appropriate.” The GBP/USD pair will weaken to near 1.239 during Asian trading hours on Monday. The […]
WTI Price Analysis: Oil prices rise after NFP data – FXStreet
As US labor market data fuels, WTI crude oil surges as it demands optimism. Non-farm salaries miss out on expectations, but wage growth continues to be strong. Workforce participation rates are higher, supporting energy demand outlook. West Texas intermediate (WTI) crude oil prices have been around $70.80 since rising Friday. Non-farm payroll (NFP) data revealed […]