GBP/USD Price Forecast: Declines on disappointing data, tumbles to 1.2500 – FXStreet
GBP/USD weakened further due to weaker key economic indicators in the UK and heightened geopolitical concerns. Technical analysis highlights the possibility that the pair will test important support at 1.2445 and possibly year-to-date lows at 1.2299. The RSI is showing oversold conditions, suggesting strong bearish pressure, but it has not yet reached extreme levels. Sterling […]
EUR/USD sinks to near two-year lows as preliminary Eurozone PMI contracts – FXStreet
EUR/USD fell sharply as the US dollar strengthened and the Eurozone Composite PMI unexpectedly contracted. The Eurozone Services PMI surprisingly fell to 49.2, suggesting business activity contracted in November for the first time since January. The dollar strengthened as traders questioned the Fed's rate cut in December. EUR/USD hit a nearly two-year low near 1.0330 […]
Forex Today: US Dollar climbs higher as focus shifts to PMI data – FXStreet
Here's what you need to know on Friday, November 22nd. After a quiet European session, United States dollar (USD) It regained momentum late Thursday and continued to rise early Friday, reaching its highest level since October 2023 above 107.00. S&P Global releases preliminary Purchasing Managers' Index (PMI) for Germany, the Eurozone, and the United Kingdom […]
USD/JPY declines to near 154.00 even though US Dollar ticks up – FXStreet
Despite the US dollar trending steadily, USD/JPY has fallen to around 154.00. Donald Trump's policies are expected to boost US inflation and economic growth. The Bank of Japan did not commit to raising interest rates in December. The USD/JPY pair fell to near 154.00 in Thursday's European session. Assets weakened despite modest gains in the […]
Gold retains its bullish bias near one-week high amid rising geopolitical risks – FXStreet
Gold prices attracted buyers for the fourth day in a row, rising to their highest level in more than a week. Geopolitical risks stemming from the Russia-Ukraine conflict benefit the safe haven XAU/USD. Rising U.S. bond yields could support the U.S. dollar and provide a ceiling for the low-yielding yellow metal. Gold prices (XAU/USD) have […]
Japanese Yen gains positive traction against USD, upside potential seems limited – FXStreet
The Japanese yen has strengthened against the US dollar, but there is a lack of bullish confidence due to uncertainty from the Bank of Japan. Upbeat market sentiment and rising U.S. bond yields could help keep the low-yielding yen in check. Traders will focus on Thursday's US macro data, which the Fed will release ahead […]
Gold price surge on risk aversion and overcome strong USD – FXStreet
Gold extended its gains to $2,650, shrugging off dollar strength as demand for safe-haven assets increases. The escalating conflict between Russia and Ukraine and President Vladimir Putin's nuclear threat are contributing to the sharp rise in gold prices. Comments from Fed governors provide a range of insights into the potential direction of US monetary policy […]
GBP/USD Price Forecast: Tumbles below 1.2700 after hot UK CPI – FXStreet
The GBP/USD pair fell as UK inflation spiked, raising expectations that the Bank of England would become less accommodative. Technical analysis indicates bearish momentum as the pair is currently targeting further support levels including the May low at 1.2445. The RSI is trending towards oversold territory, suggesting continued downward pressure in the short term. Sterling […]
Australian Dollar holds losses as the US Dollar appreciates due to safe-haven flows – FXStreet
The Australian dollar strengthened after RBA meeting minutes highlighted the importance of maintaining restrictive monetary policy. The People's Bank of China's Monetary Policy Committee (MPC) has decided to maintain the interest rate in November at the current level of 3.1%. As tensions rise over the conflict between Russia and Ukraine, the U.S. dollar is receiving […]
Gold price in India: Rates on November 20 – FXStreet
Gold prices in India remained almost flat on Wednesday, according to data compiled by FXStreet. Gold price was almost stable at INR 7,153.49 per gram compared to INR 7,146.54 on Tuesday. Gold prices were almost stable at Rs 83,435.26 per tola from Rs 83,355.83 per tola the previous day. unit measurement Gold price in INR […]