EUR/USD Price Forecast: Climbs but struggles at 1.0400 – FXStreet
EUR/USD rose over 0.78%, supported by the potential impact of US tariffs and a weaker dollar environment. Technical analysis points out that EUR/USD will become a buyer's market if it moves above 1.0400, with all eyes on further resistance levels. Short-term support and resistance are defined at 1.0222 and 1.0500, with the 50-day SMA becoming […]
GBP/USD holds positive ground near 1.2450 on US Dollar bullish – FXStreet
GBP/USD rebounded to around 1.2440 in early European trading on Monday. Fed officials emphasized the need to balance controlling inflation with maintaining a strong labor market. Dovish bets on the BOE could cap upside in the short term. The GBP/USD pair extends its recovery to around 1.2440 in early European trading on Monday. However, the […]
Gold price in India: Rates on January 6 – FXStreet
Gold prices in India remained almost flat on Monday, according to data compiled by FXStreet. Gold price was almost stable at INR 7,276.11 per gram compared to Friday's INR 7,278.81. Gold prices were broadly stable at Rs 84,867.09 per tola from Friday's Rs 84,898.62. unit measurement Gold price in INR 1 gram 7,276.11 10 grams […]
Gold price moves away from multi-week high on hawkish Fed expectations – FXStreet
Gold prices fell for the second day in a row on Monday, but the downside appears to be limited. The Fed's hawkish signals continue to support and put some pressure on US Treasury yields. Geopolitical risks and trade war concerns may continue to support the safe-haven XAU/USD. Gold prices (XAU/USD) failed to capitalize on Monday's […]
Japanese Yen remains close to multi-month low against US Dollar – FXStreet
The Japanese yen continues to fall due to fluctuations in expectations for the Bank of Japan's interest rate hike. au Jibun Bank Service PMI was revised downward to 50.9 from 51.4 in December. Amid the Fed's hawkish stance, the US dollar is near a two-year high, supporting USD/JPY. The Japanese yen (JPY) attracted new sellers […]
EUR/USD remains subdued around 1.0300 ahead of preliminary German inflation – FXStreet
Differences in monetary policy outlooks between the Fed and ECB could cause EUR/USD to fall to parity. Markets are pricing in a 113 basis point cut in ECB interest rates this year. The US Federal Reserve is expected to pause its easing cycle at its January meeting. EUR/USD fell slightly after registering gains in the […]
EUR/USD is at parity risk as traders price in four ECB rate cuts this year – FXStreet
EUR/USD has provisional support around 1.0220. However, further declines seem likely. The Fed is expected to cut interest rates twice this year. Investors are awaiting December US ISM manufacturing PMI and German HICP data. EUR/USD found temporary support in North American trading on Friday after plummeting to near 1.0220, its lowest level in more than […]
Australian Dollar holds ground ahead of US Jobless Claims – FXStreet
The Australian dollar received support following the release of China's Caixin Manufacturing PMI on Thursday. China's manufacturing production continued to expand in December, entering the growth region for the 14th consecutive month. The dollar index has recovered to multi-year highs due to the US Federal Reserve's hawkish policy shift. The Australian dollar (AUD) strengthened against […]
USD/INR remains firm ahead of US PMI release – FXStreet
The Indian rupee has attracted some sellers in early European trade on Friday. Continued strength in the US dollar and concerns about a slowdown in the Indian economy continue to weigh on the Indian rupee. The US December ISM Manufacturing PMI will be closely monitored. The Indian rupee (INR) widened its decline on Friday after […]
Gold price in India: Rates on January 3 – FXStreet
Gold prices rose in India on Friday, according to data compiled by FXStreet. Gold price rose to INR 7,342.11 per gram compared to INR 7,331.93 on Thursday. Gold price rose to Rs 85,636.88 per tola from Rs 85,518.23 per tola the previous day. unit measurement Gold price in INR 1 gram 7,342.11 10 grams 73,421.06 […]