Forex Today: Hawkish FOMC Minutes lift US Dollar ahead of key inflation data – FXStreet
Here's what you need to know on Thursday, October 10th. After remaining relatively quiet since the beginning of the week, the US dollar (USD) gained bullish momentum during Wednesday's US trading session, with the USD index rising to its highest since mid-August around 103.00. The European Central Bank (ECB) will announce the results of its […]
Gold price in India: Rates on October 10 – FXStreet
Gold prices rose in India on Thursday, according to data compiled by FXStreet. Gold price rose to INR 7,051.02 per gram compared to INR 7,038.39 on Wednesday. Gold price rose to Rs 82,241.77 per tola from Rs 82,094.45 per tola the previous day. unit measurement Gold price in INR 1 gram 7,051.02 10 grams 70,508.09 […]
USD/JPY Price Forecast: Surges above 149.00 sponsored by elevates US yields – FXStreet
High US yields and dovish Prime Minister's comments support USD/JPY, which has broken through a key resistance level and is trading at 149.31. The Relative Strength Index (RSI) suggests further upside potential, with August 15 highs of 149.39 and 150.00 as the next targets. Key support lies at 147.35, with sellers looking to push the […]
Gold price drops for sixth straight day as Fed Minutes hint at 25 bps cut – FXStreet
Gold fell after Fed minutes revealed that a “substantial majority” supported a 50bps rate cut, while some supported a 25bps rate cut. According to the CME FedWatch tool, as expectations for a rate cut increase, the probability of a 25 basis points cut has fallen to 75.9%. The yield on the US 10-year Treasury note […]
Gold remains sluggish with FOMC Minutes taking centre stage – FXStreet
Gold prices fell further as expectations for a 50bps Fed rate cut faded and the US dollar became more attractive. Downside for gold prices is expected to be limited due to geopolitical tensions. Investors are awaiting FOMC minutes and September US inflation data. Gold prices (XAU/USD) are expected to remain tense as investors focus on […]
Japanese Yen drifts lower amid fading hopes for more BoJ rate hikes, ahead of FOMC minutes – FXStreet
The Japanese yen is attracting some sellers due to uncertainty surrounding the Bank of Japan's further interest rate hike. Hopes for a possible ceasefire between Hezbollah and Israel further undermine the safe-haven Japanese yen. There are concerns that the intervention will limit USD/JPY as demand for the dollar weakens ahead of the FOMC meeting. The […]
GBP/USD hangs near multi-week low, below 1.3100 as traders await FOMC minutes – FXStreet
GBP/USD on Wednesday is attracting new sellers and is under pressure due to various factors. Sterling continues to be weighed down by dovish comments from Bank of England Governor Bailey last week. The reduction in bets on a big Fed rate cut is supporting the dollar and contributing to its decline. The GBP/USD pair is […]
Gold price in India: Rates on October 9 – FXStreet
Gold prices fell in India on Wednesday, according to data compiled by FXStreet. Gold price fell at INR 7,063.98 per gram compared to INR 7,076.99 on Tuesday. Gold price fell to Rs 82,392.87 per tola from Rs 82,544.62 per tola the previous day. unit measurement Gold price in INR 1 gram 7,063.98 10 grams 70,639.79 […]
New Zealand’s RBNZ expected to cut interest rate by 50 bps amid slowing economic activity – FXStreet
The Reserve Bank of New Zealand is expected to cut interest rates by 50bps to 4.75% on Wednesday. The deepening economic downturn in New Zealand's economy and optimism about inflation point to the possibility of a major rate cut from the RBNZ. The RBNZ's policy announcement is likely to cause severe volatility for the New […]
Gold price in India: Rates on October 8 – FXStreet
Gold prices in India remained almost flat on Tuesday, according to data compiled by FXStreet. Gold price was almost stable at INR 7,132.78 per gram compared to Monday's INR 7,132.62. Gold prices were almost stable at Rs 83,195.30 per tola from Rs 83,193.42 per tola the previous day. unit measurement Gold price in INR 1 […]