Gold price stands tall near multi-week top; looks to US NFP for fresh impetus – FXStreet
On Friday, gold prices attracted buyers for the fourth day in a row amid the flow of some haven funds. The Fed's hawkish stance, rising U.S. Treasury yields and strength in the U.S. dollar should limit any gains. Traders may also choose to wait for the release of the key US NFP report, which is […]
GBP/USD Price Forecast: Trades near 1.2350 after rebounding from nine-month lows – FXStreet
GBP/USD has retreated into a descending channel pattern, indicating that the bearish bias is prevailing. It could test the nine-month low of 1.2321 hit on Wednesday. Immediate resistance appears at the top of the descending channel near the 9-day EMA at 1.2447. The GBP/USD pair remains under pressure for the third consecutive session, hovering around […]
Gold surges on mixed US jobs data and FOMC minutes – FXStreet
Gold rose after Fed minutes signaled a possible slowdown in the rate cutting cycle. The U.S. dollar index continues to rise, while U.S. Treasury yields have retreated slightly from recent highs. Gold market watchers will be keeping an eye on the US non-farm payrolls report and consumer sentiment data. North American trading comes after the […]
US Dollar holds gains after FOMC minutes, labor market data – FXStreet
The Fed's hawkish monetary stance is contributing to higher U.S. Treasury yields and reinforcing the current strength of the dollar. Rumors that a national economic emergency may be declared have increased demand for safe havens, underscoring the appeal of greenbacks. The bullish mood is further amplified by strong labor market indicators, including a decline in […]
Gold price in India: Rates on January 8 – FXStreet
Gold prices fell in India on Wednesday, according to data compiled by FXStreet. Gold price fell at INR 7,303.81 per gram compared to INR 7,313.69 on Tuesday. Gold price fell to Rs 85,189.29 per tola from Rs 85,305.47 per tola the previous day. unit measurement Gold price in INR 1 gram 7,303.81 10 grams 73,037.31 […]
Australian Dollar remains subdued despite a stronger monthly inflation – FXStreet
The Australian dollar weakened as Australia's trimming average fell from 3.5% to 3.2% annually. Australia's monthly consumer price index rose 2.3% year-on-year in November, the highest level since August. The dollar rose on Tuesday as the yield on the 10-year U.S. Treasury rose more than 1%. The Australian dollar (AUD) remains weak against the US […]
USD/CHF holds below 0.9050 on Trump tariff confusion – FXStreet
In early European trading on Tuesday, USD/CHF lost momentum to near 0.9040. President Trump's tariff confusion and cautious mood are pushing up the Swiss franc against the US dollar. The Fed's cautious stance may limit the market's downside. USD/CHF is trading weakly around 0.9040 in early European trading on Tuesday. The U.S. dollar (USD) has […]
USD/INR declines as likely RBI intervention caps gains – FXStreet
The Indian rupee traded in positive territory in early European trading on Tuesday. Weak domestic markets and persistent capital outflows are weighing on the Indian rupee, but central bank intervention could limit losses. Traders are awaiting the release of the US December ISM Services PMI later on Tuesday. The Indian rupee (INR) rebounded on Tuesday […]
Australian Dollar holds gains as US Dollar corrects downwards ahead of ISM Services PMI – FXStreet
The Australian dollar continues to strengthen following Tuesday's release of building permit statistics. The total number of approved homes in Australia (seasonally adjusted) decreased by 3.6% month-on-month to 14,998 in November 2024. Traders are awaiting the release of the US ISM Services PMI later in the North American session. The Australian dollar (AUD) rose against […]
GBP/USD extends into a two-day win streak as Pound recovers – FXStreet
GBP/USD gained 0.7% after receiving bids on Monday. PMI statistics softened on both sides of the Atlantic. The ease of the flow on Greenback gave Cable a chance to catch his breath. GBP/USD continues its second consecutive day of gains, rising 71% in tenths to begin the new trading week, pushing the bid back above […]