Australian Dollar loses ground as traders expect Fed to deliver nominal further rate cuts – FXStreet
The Australian dollar has fallen due to economic instability in China. This week's ANZ Roy Morgan Consumer Confidence Index remained unchanged at 83.4. The US dollar is being supported by the fading possibility of further bumper rate cuts by the Federal Reserve. The Australian dollar (AUD) remained weak against the US dollar (USD) on Tuesday, […]
Gold price in India: Rates on October 15 – FXStreet
Gold prices fell in India on Tuesday, according to data compiled by FXStreet. Gold price fell at INR 7,144.44 per gram compared to INR 7,159.09 on Monday. Gold price fell to Rs 83,331.34 per tola from Rs 83,502.19 per tola the previous day. unit measurement Gold price in INR 1 gram 7,144.44 10 grams 71,444.39 […]
Gold price bulls not ready to give up despite bets for smaller Fed rate cuts – FXStreet
Gold prices have attracted some bullish buyers, halting declines from Monday's more than one-week high. Geopolitical risks will drive flows into some havens, but a stronger U.S. dollar could limit commodity gains. Signs of a slowdown in China, the largest consumer of bullion, could put further pressure on XAU/USD. Gold prices (XAU/USD) retreated intraday from […]
USD/INR remains weak, Indian WPI Inflation rose to 1.84% YoY in September – FXStreet
The Indian rupee rose in early European trading on Monday. India's wholesale price index (WPI) inflation rate rose to 1.84% year-on-year in September from 1.31% in August, but slower than expected at 1.90%. Rising oil prices and sustained outflows from domestic stocks could weigh on the Indian rupee. RBI intervention may help contain losses. The […]
Gold price in India: Rates on October 14 – FXStreet
Gold prices in India remained almost flat on Monday, according to data compiled by FXStreet. Gold price was almost stable at INR 7,180.53 per gram compared to Friday's INR 7,182.37. Gold prices were broadly stable at Rs 83,752.31 per tola from Friday's Rs 83,773.75. unit measurement Gold price in INR 1 gram 7,180.53 10 grams […]
Gold Price Forecast: XAU/USD drifts lower to near $2,650, potential downside seems limited – FXStreet
Gold prices lost momentum to around $2,650 in early Asian time on Monday. Gold prices fell due to weak Chinese economic indicators. US PPI report and Middle East geopolitical risks could support the yellow metal. Gold prices (XAU/USD) inched down to $2,650, ending a two-day winning streak in early Asian trading on Monday. Weak Chinese […]
Gold surges on mixed US data, increased Fed rate cut speculation – FXStreet
Gold rose 1% on Friday and is on track to end the week up 0.20%. US PPI data is slightly better than expected, suggesting inflation is falling but stalling above target, while UoM consumer sentiment highlights concerns over rising costs of living I'm doing it. Despite rising U.S. Treasury yields, with the 10-year note rising […]
Pound Sterling gains on upbeat UK factory data, expected GDP growth – FXStreet
British pound is slightly recover It fared better than its major peers after Britain's ONS reported strong factory data and forecast GDP growth for August. Traders expect the Bank of England to cut rates at at least one of its two remaining policy meetings this year. Investors are awaiting U.S. PPI data for further clues […]
Japanese Yen ticks lower against USD, remains close to over two-month low ahead of US PPI – FXStreet
Amid uncertainty about the Bank of Japan's interest rate hike, the Japanese yen has been unable to extend its overnight appreciation. A modest rise in the USD further supports USD/JPY regaining some positive traction on Friday. A weakening risk tone could limit the yen's losses ahead of the US PPI report and put a cap […]
EUR/USD falls back as US CPI inflation data prints above expectations – FXStreet
EUR/USD fell on Thursday with the 200-day EMA revealed. This week, Fiber will focus on US statistics as euro statistics remain scant. Scheduled to be released on Friday: US PPI inflation rate, unit of consumer sentiment. EUR/USD managed to maintain a finger grip on the chart paper north of the 1.9000 handle. Fiber closed lower […]