Gold price in India: Rates on December 12 – FXStreet
Gold prices in India remained almost flat on Thursday, according to data compiled by FXStreet. Gold price was almost stable at INR 7,408.53 per gram compared to INR 7,414.59 on Wednesday. Gold prices were almost stable at Rs 86,411.06 per tola from Rs 86,481.71 per tola the previous day. unit measurement Gold price in INR […]
Japanese Yen trims part of its weekly losses against USD; upside potential seems limited – FXStreet
The Japanese yen has struggled to capitalize on modest intraday gains against the US dollar. Uncertainty surrounding the Bank of Japan's interest rate hike in December and risk-on impulses are holding back the yen. A non-dovish bet on the Fed supports the USD and also provides support for USD/JPY. The Japanese Yen (JPY) pared some […]
USD/CAD Price Forecast: Bulls turn cautious ahead of US CPI report and BoC decision – FXStreet
USD/CAD has retreated from multi-year highs, but the downside appears to be limited. Rising oil prices are supporting the loonie and putting pressure on the currency pair. The technical setup supports the prospect of some bullish buying. The USD/CAD pair fell slightly in Asian trading on Wednesday, but did not continue to rise, remaining close […]
EUR/USD weakens amid firm US Dollar ahead of US inflation, ECB dovish bets – FXStreet
EUR/USD is testing the level below 1.0500 as the euro (EUR) continues to weaken, weighed down by expectations for further interest rate cuts from the ECB. The ECB is expected to cut deposit facility rates by 25 bps on Thursday for the third consecutive meeting. Investors are waiting for US inflation data to guide new […]
Pound Sterling consolidates against US Dollar with US inflation on radar – FXStreet
Ahead of November's US inflation data, the British pound is moving in a narrow range against the US dollar around 1.2750. Economists expect the Fed to cut rates by 25 basis points after its December 18 policy meeting. Investors are awaiting the UK's monthly GDP statistics to find out the current state of the economy. […]
Japanese Yen retains intraday positive bias; USD/JPY slides to mid-151.00s – FXStreet
The Japanese yen rose slightly following the release of stronger PPI print from Japan. Uncertainty about how quickly the Bank of Japan can raise interest rates has kept yen bulls on the defensive. The US dollar maintains its recent gains and supports USD/JPY ahead of the US CPI report. The Japanese yen (JPY) maintains modest […]
Gold price retreats from over two-week top; bulls turn cautious ahead of US CPI – FXStreet
Rising US Treasury yields are supporting the US dollar and keeping the yellow metal in check ahead of the US CPI report. Gold prices (XAU/USD) extended its weekly uptrend for a third consecutive day on Wednesday, rising to a two-and-a-half week high during Asian trading. The product is currently looking to extend its momentum above […]
EUR/USD slides as ECB is set to cut interest rates by 25 bps to 3% – FXStreet
EUR/USD fell to around 1.0530 as investors awaited major events such as US inflation and the ECB policy meeting. The ECB is widely expected to cut deposit facility rates by 25 basis points to 3% on Thursday. Economists expect U.S. annual core CPI to have grown steadily by 3.3% in November. EUR/USD fell to around […]
USD/CAD refreshes multi-year peak, 1.4200 remains in sight on larger BoC rate cut bets – FXStreet
USD/CAD traded with a positive bias for the third day in a row, rising to multi-year highs. The central bank's sharp interest rate cuts and bets on a modest fall in oil prices have weakened the loonie. Ahead of Wednesday's U.S. consumer price index and central bank decisions, the U.S. dollar's price movements have been […]
Japanese Yen recovers on safe-haven demand; USD/JPY pulls back from one-week top – FXStreet
The Japanese yen has rebounded from its lowest level in more than a week against the US dollar on Tuesday. Doubts about the Bank of Japan's ability to raise interest rates could hinder new bets by yen bulls. Expectations that the Fed will become less dovish could support the US dollar and support USD/JPY. The […]