Japanese Yen extends its consolidative price move near multi-week low against USD – FXStreet
The Japanese yen continues to weigh on the Japanese yen as expectations for a December interest rate hike by the Bank of Japan fade. Rising US bond yields and positive risk trends also undermine demand for the safe-haven Japanese yen. However, investors appear to be reluctant ahead of this week's important FOMC/BOJ policy meeting. The […]
GBP/USD Price Forecast: Tests descending channel’s upper boundary above 1.2650 – FXStreet
GBP/USD could rise as momentum could pick up. This pair tests the upper bound of the descending channel that coincides with the 9-day EMA at the 1.2691 level. The first support appears to be at the 4-week low of 1.2487. GBP/USD is flat following gains in the previous session, trading around 1.2680 in Asian time […]
Gold price stays firm on Monday as market awaits FOMC meeting – FXStreet
Gold prices rose despite a slight rise in the US dollar following mixed PMI data. Investors are awaiting the Fed's rate decision and economic outlook, expecting a 25bps rate cut on Wednesday. Markets are speculating on the Fed's future monetary policy based on the possibility of inflationary pressure from Trump's policies. Gold prices rose slightly […]
Gold Price Forecast: XAU/USD holds steady below $2,650 ahead of US PMI data – FXStreet
Gold prices are trading flat around $2,650 in early Asian session on Monday. Huge demand from central banks and safe-haven flows could support gold prices, but President Trump's tariff plans could cap the upside. Investors are bracing for preliminary US December PMI numbers to be released on Monday. Gold prices (XAU/USD) remained flat around $2,650 […]
Japanese Yen bears not ready to give up amid doubts over BoJ's rate-hike plan – FXStreet
The Japanese yen hit a new monthly low against the US dollar on Friday. The yen continues to fall as expectations for the Bank of Japan's interest rate hike in December fade. Rising US Treasury yields support the US dollar and the USD/JPY pair. The Japanese yen (JPY) pared some of its intraday losses against […]
Pound Sterling slumps as UK GDP, factory output unexpectedly contract in October – FXStreet
The pound slumped after data showed the UK's monthly GDP fell by an astonishing 0.1% in October. British industrial and manufacturing production also fell month-on-month in October. Investors expect the Fed to pause policy easing in January after cutting rates next Wednesday. The British pound (GBP) fell sharply against major currencies on Friday after Britain's […]
Gold sticks to intraday gains; lacks bullish conviction amid elevated US bond yields – FXStreet
Gold prices are struggling to capitalize on modest intraday gains amid mixed fundamental indicators. Expectations that the Fed will ease its dovish stance and rising US Treasury yields are capping the rise in XAU/USD. Geopolitical risks, trade war concerns and expectations for Fed rate cuts could support precious metals. Gold prices (XAU/USD) lost most of […]
Gold Price Forecast: XAU/USD attracts some buyers to near $2,700, traders brace for Fed rate decision – FXStreet
Gold prices rebounded to around $2,690 in Friday's Asian session, up 42% on the day. Gold demand and geopolitical risks are likely to support gold prices. The Fed's cautious stance due to President Trump's tariff policy could put pressure on USD-denominated gold. Gold prices (XAU/USD) regained some ground during Friday's Asian trading hours to around […]
USD/CHF advances to near 0.8900 as SNB unexpectedly cuts interest rates by 50 bps – FXStreet
The US dollar/Swiss franc pair soared to nearly 0.8900 after the Swiss central bank cut its main borrowing rate by 50 basis points to 0.5%, in response to expectations for a 25 basis point rate cut. Swiss National Bank Governor Schlegel held off on the option of negative interest rates in his previous comments in […]
EUR/JPY Price Forecast: Resumes uptrend within ascending trend channel above 160.00 – FXStreet
EUR/JPY extended its gains to around 160.35 in early European trading on Thursday, gaining 0.15% on the day. The cross resumes the uptrend above the key 100-period EMA with a bullish RSI indicator. The immediate resistance level is located at 160.70. An important support level appears at the psychological level of 160.00. The euro/yen cross […]