GBP/USD edges higher to near 1.2700 ahead of UK CPI inflation data – FXStreet
GBP/USD rose as expectations for further interest rate cuts this year by the Bank of England faded. UK CPI inflation is expected to rise 2.2% year-on-year in October and 0.5% month-on-month. The dollar could strengthen as traders look forward to pro-inflationary policies from the incoming Trump administration. GBP/USD continues to rise for the third consecutive […]
Gold price soars as geopolitical tensions increase safe-haven demand – FXStreet
Gold prices rose as investors turned to safe havens amid rising geopolitical risks. US bond yields fell and the dollar weakened, contributing to the rise in gold prices. Sentiment soured following President Putin's approval of the nuclear doctrine and mixed signals from Russian officials. Gold prices have recorded positive daily gains, rising by about 0.70% […]
EUR/USD faces pressure as Trump’s policies weigh on Eurozone economic outlook – FXStreet
EUR/USD faces resistance near 1.0600 on Tuesday as investors see more room for the dollar to rise. ECB officials' focus has been on maintaining growth rather than containing price pressures. President Trump's policies are expected to boost U.S. inflation and economic growth. EUR/USD struggled to extend Monday's recovery above near-term resistance at 1.0600 and edged […]
Australian Dollar pares gains as US Dollar remains steady due to cautious Fed – FXStreet
The Australian dollar faces challenges due to increased risk aversion. Minutes of the RBA meeting could provide further insight into the central bank's policy outlook on Tuesday. The US dollar strengthened after hawkish comments from Federal Reserve officials. The Australian dollar (AUD) came under downward pressure against the US dollar (USD) on Monday. However, Reserve […]
Gold price advances closer to $2,600 on geopolitical risks, subdued USD price action – FXStreet
Gold prices gained some positive traction on Monday, snapping a six-day losing streak. Geopolitical risks benefit safe-haven XAU/USD as USD demand weakens. The Fed's aggressive rate cuts and bets on higher Treasury yields will limit further gains. Gold prices (XAU/USD) have shaved off some of their modest intraday gains to remain below $2,600 heading into […]
Gold price in India: Rates on November 18 – FXStreet
Gold prices in India rose on Monday, according to data compiled by FXStreet. Gold price rose to INR 7,032.01 per gram compared to INR 6,952.83 on Friday. Gold price rose to Rs 82,019.95 per tola from Friday's Rs 81,096.42 per tola. unit measurement Gold price in INR 1 gram 7,032.01 10 grams 70,320.07 tiger 82,019.95 […]
EUR/USD slightly recovers as USD traders take profits – FXStreet
EUR/USD rebounded after testing 1.0500, its lowest in more than a year, on Thursday. On Friday, the euro rebounded against the US dollar after five consecutive days of declines due to profit-taking. Markets are nervous about the Fed questioning its December interest rate cut, while the ECB is expected to continue easing, pointing to further […]
GBP/USD holds ground above 1.2650 following mixed UK data, US Retail sales eyed – FXStreet
GBP/USD remains stable after mixed GDP and industry data released by the UK. UK GDP expanded by 1.0% in the third quarter, faster than the 0.7% growth in the second quarter. UK industrial and manufacturing production fell by 0.5% and 1.0% respectively in September. GBP/USD snapped a five-day losing streak and was trading around 1.2680 […]
Gold attracts some sellers ahead of US Retail Sales – FXStreet
Gold prices traded with a negative bias in early European trading on Friday. A strong US dollar and expectations that the pace of Fed rate cuts will slow are putting selling pressure on gold prices. The October U.S. retail sales report is expected to be released later Friday. Gold prices (XAU/USD) are struggling to rally […]
Forex Today: US Dollar consolidates weekly gains ahead of Retail Sales, Fedspeak – FXStreet
Here's what you need to know on Friday, November 15th. Asian stocks remained mixed, dragged down by mixed China activity data and a gloomy Wall Street overnight close. Despite a notable increase in China's retail sales, the country's industrial production and fixed asset investment data were disappointing, amplifying economic concerns and keeping markets on edge. […]