Japanese Yen rallies after BoJ Governor Ueda's remarks; USD/JPY slides below mid-157.00s – FXStreet
The Japanese yen is attracting new buyers in response to Bank of Japan Governor Ueda's hawkish comments. However, investors remain uncertain about the timing of the Bank of Japan's next interest rate hike. The risk-on mood and the recent widening of the Japan-U.S. yield gap may limit the yen's appreciation. Following Bank of Japan Governor […]
Australian Dollar holds ground due to risk-on market sentiment, China’s measures – FXStreet
The Australian dollar has been supported by improving market sentiment and solid commodity prices. The Australian dollar rose on strong trade data from China and Beijing's efforts to stabilize the yuan. The US dollar fell after December's US producer price index was disappointing. The Australian dollar (AUD) remained stable on Wednesday after gaining for the […]
EUR/USD looks up from the low end ahead of key CPI print – FXStreet
EUR/USD rose on Tuesday, regaining the 1.0300 handle. Euro traders are holding out hope that the French deal will avert government collapse. Key US CPI inflation statistics are scheduled to be released on Wednesday. EUR/USD has enough gas in the tank for an intraday rally on Tuesday, with euro bidders hoping a potential deal in […]
Pound Sterling retreats as higher UK gilt yields keep downside bias unabated – FXStreet
British pound falls The outlook remains weak as UK gold yields rise. Investors are awaiting December UK and US CPI figures to be released on Wednesday. The Fed is expected to cut interest rates only once this year. The British pound (GBP) resumed its decline in the European session on Tuesday due to a rise […]
Gold price in India: Rates on January 14 – FXStreet
Gold prices rose in India on Tuesday, according to data compiled by FXStreet. Gold price rose to INR 7,428.31 per gram compared to INR 7,407.06 on Monday. Gold price rose to Rs 86,642.36 per tola from Rs 86,394.44 per tola the previous day. unit measurement Gold price in INR 1 gram 7,428.31 10 grams 74,283.11 […]
Australian Dollar rebounds from five-year lows due to strong commodity prices – FXStreet
The Australian dollar has rebounded from US$0.6131, its lowest level since April 2020. The Australian dollar is supported by solid commodity prices, with improved market sentiment. The US dollar is being supported by an increasing probability that the Fed will keep interest rates unchanged in January. The Australian dollar (AUD) rose for the second day […]
Japanese Yen drifts lower amid BoJ uncertainty; USD/JPY rebounds from one-week low – FXStreet
The Japanese yen attracted new sellers on Tuesday as expectations for a Bank of Japan rate hike wavered. As concerns about President Trump's tariff plans ease, risk sentiment increases and the yen weakens. The rise in US bond yields due to the Fed's hawkish stance supports USD bulls and supports USD/JPY. The Japanese Yen (JPY) […]
AUD/USD holds below 0.6150 on bullish US Dollar, stronger US NFP report – FXStreet
In early Asian trading on Monday, AUD/USD weakened to around 0.6145. U.S. nonfarm payrolls increased by 256,000 in December. The unemployment rate fell to 4.1%. Concerns about China's economic downturn are weighing on Australia. Early in Monday's Asian session, the AUD/USD pair remained defensive around 0.6145. US job growth in December was better than expected, […]
Gold flirts with multi-week top despite bullish USD; seems poised to climb further – FXStreet
Gold prices have turned positive for the third day in a row, with a variety of factors providing support. Geopolitical risks, trade war concerns, and falling US Treasury yields are supporting the XAU/USD pair. Traders are now hoping for some stimulus from Fed speakers ahead of Friday's US NFP report. Gold prices (XAU/USD) regained positive […]
Gold price rallies despite strong US NFP report – FXStreet
Despite strong US employment gains, gold rebounded 0.69%, challenging the Fed's interest rate cut policy. Gold rebounded from a post-labor data slide as investors weighed the Fed's cautious deflationary stance. Upcoming US inflation and retail sales data will influence the trajectory of gold and Fed policy. Gold prices rebounded from Friday's daily lows, extending their […]