USD/CAD finds temporary support below 1.4000, Canadian Q3 GDP in focus – FXStreet
USD/CAD provided a temporary cushion around 1.3980 as investors await Canadian monthly data and Q3 GDP data. Canada's economy is estimated to have grown 1% compared to the same quarter in the precious year, slower than the 2.1% growth in the second quarter. Given the strong fundamental outlook, the US dollar could rebound. The USD/CAD […]
Gold price jumps to multi-day top amid flight-to-safety sentiment, lacks follow-through – FXStreet
Gold prices saw new action on Friday amid trade war concerns and geopolitical tensions. USD is languishing near two-week lows, providing further support for the XAU/USD pair. Betting on a gradual rate cut by the Fed could keep a lid on the low-yielding yellow metal. Gold prices (XAU/USD) surged to a four-day high during Friday's […]
Canadian Dollar tepid amid US holiday markets – FXStreet
The Canadian dollar was mostly flat near familiar territory on Thursday. Canada's GDP statistics released on Friday will capture the attention of looney traders. Market volume is significantly lower as the US market is closed for Thanksgiving. The Canadian dollar (CAD) traded thin against the US dollar on Thursday, holding the 1.4000 handle as global […]
Gold Price Forecast: XAU/USD at risk of falling – FXStreet
XAU/USD Current price: $2,639.49 US markets are closed for the Thanksgiving holiday. Market participants continue to expect the US Federal Reserve to cut interest rates in December. XAU/USD is likely to gain downward momentum in the near term and could soon break above $2,600. Spot gold remained limp below the $2,650 level on a quiet […]
USD/CAD drops even though US Dollar rebounds, Canadian Q3 GDP in focus – FXStreet
The Canadian dollar strengthened on expectations for healthy trade negotiations with the US, while the USD/CAD pair fell. Economists expect Canada's economy to grow by 1% in the third quarter of this year. The US dollar recovered despite slow trading due to Thanksgiving. Despite decent recovery moves in the US dollar (USD), the USD/CAD pair […]
EUR/USD drops amid long US weekend, German HICP in focus – FXStreet
EUR/USD fell as the US dollar stabilized after a thin trading weekend due to the US Thanksgiving holiday. ECB President Schnabel ruled out the risk that inflation would fall below the central bank's target. Investors are awaiting German HICP data for new interest rate guidance from the ECB. EUR/USD fell on Thursday as the US […]
Gold price in India: Rates on November 28 – FXStreet
Gold prices in India fell on Thursday, according to data compiled by FXStreet. Gold price fell at INR 7,151.93 per gram compared to INR 7,161.73 on Wednesday. Gold prices fell to Rs 83,416.17 per tola from Rs 83,533.05 a day earlier. unit measurement Gold price in INR 1 gram 7,151.93 10 grams 71,509.80 tiger 83,416.17 […]
Gold price trades with modest losses, downside seems limited amid trade war fears – FXStreet
Gold prices are attracting some sellers as a rebound in US Treasury yields helps revive US dollar demand. Trade war fears and geopolitical tensions could help limit losses for safe-haven XAU/USD. Aggressive traders should be cautious as trading volumes have thinned out due to the US holiday. Gold prices (XAU/USD) fell during Thursday's Asian session, […]
US Dollar retreats after GDP, PCE data meets forecast – FXStreet
The US dollar index plunged towards 106.00 on Wednesday. The dollar has fallen, but the market is pricing in a more hawkish Fed, so losses could be limited. October's PCE data met inflation expectations. In Wednesday trading, the U.S. Dollar Index (DXY), which measures the value of the U.S. dollar against a basket of currencies, […]
Forex Today: Market focus shifts to US data dump ahead of Thanksgiving holiday – FXStreet
Here's what you need to know on Wednesday, November 27th. of United States dollar (USD) Stabilizing after two days of volatility, the European U.S. dollar index was flat on Wednesday morning at just below 107.00. Ahead of the Thanksgiving holiday, the U.S. economic calendar is set to release some top data, including October personal consumption […]