EUR/USD drifts higher above 1.0950 ahead of German Industrial Production – FXStreet
Early in Tuesday's European session, EUR/USD held steady around 1.0985. ECB policymakers continue to prepare for an accommodative policy stance. Traders have withdrawn their bets that the Fed will cut rates aggressively at its November meeting. EUR/USD extended its recovery to around 1.0985 in early European trading on Tuesday. Major currency pairs are rising while […]
Australian Dollar soft as a cautious market mood benefits the USD – FXStreet
The US dollar recovers amid the Middle East conflict. Last week's US NFP data tempered expectations for aggressive easing from the Fed. Minutes from the Reserve Bank of Australia's September policy meeting could stem the bleeding. AUD/USD fell 0.50% to 0.6765 on Monday, weighed down by a strong dollar and concerns over geopolitical tensions in […]
EUR/USD Price Forecast: Path of least resistance appears to the downside – FXStreet
EUR/USD fell to near 1.0965 in early European trading on Monday. The bullish outlook for this pair looks fragile on the daily chart as the RSI indicator remains below the midline. The first support level is seen at 1.0881. The immediate resistance level is located at 1.1000. EUR/USD has been trading in negative territory for […]
Gold price extends range play below record high, bulls not ready to give up yet – FXStreet
Gold prices remain on the defensive as expectations for a 50bps Fed rate cut in November fade. USD further consolidates last week’s strong rally and also contributes to the upper bound of XAU/USD. Geopolitical risks continue to provide a tailwind, potentially limiting losses for precious metals. Gold prices (XAU/USD) continue to struggle to gain meaningful […]
EUR/GBP falls below 0.8400 due to rising likelihood of a rate cut by ECB – FXStreet
EUR/GBP stalled as falling eurozone inflation data increased the likelihood that the ECB would cut interest rates this month. The market reflects a 95% probability that the European Central Bank will cut interest rates by 25 basis points in October. According to the BoE's DMP survey, British businesses' inflation expectations for the year ahead fell […]
Gold price in India: Rates on October 4 – FXStreet
Gold prices rose in India on Friday, according to data compiled by FXStreet. Gold price rose to INR 7,188.75 per gram compared to INR 7,170.18 on Thursday. Gold price rose to Rs 83,848.18 per tola from Rs 83,631.55 per tola the previous day. unit measurement Gold price in INR 1 gram 7,188.75 10 grams 71,887.51 […]
Japanese Yen inches higher, upside seems limited due to waning likelihood of BoJ rate hike – FXStreet
The Japanese yen has strengthened while the dollar remains weak ahead of Friday's release of US labor data. Japan's Economy Minister Akazawa said the timing of monetary policy changes is important. Traders are awaiting Friday's U.S. jobs data, including nonfarm payrolls (NFP) and average hourly wages, for future direction. The Japanese yen (JPY) regained recent […]
Gold price remains range bound, looks to US NFP report for fresh directional impetus – FXStreet
Gold prices remain confined to a narrow trading range amid mixed fundamental indicators. Geopolitical risks are supporting the metal, although recent strength in the US dollar has capped gains. Traders also appear to be passive, keeping an eye on the US NFP report before betting on the direction. Gold price (XAU/USD) is moving sideways within […]
GBP/USD remains below 1.3300 as risk aversion grows due to rising geopolitical tensions – FXStreet
GBP/USD is facing difficulties due to rising risk aversion sentiment as the Middle East conflict intensifies. Iran fired more than 200 ballistic missiles at Israel and warned that any counterattack would lead to “massive destruction.” Bank of England Governor Green suggested further interest rate cuts were likely as prices were “moving in the right direction”. […]
EUR/USD posts modest gains above 1.1050, traders await US ADP report – FXStreet
In Wednesday's Asian session, EUR/USD remained steady around 1.1070. US ISM Manufacturing PMI in September was weaker than expected. Eurozone inflation fell below the ECB target in September. During Wednesday's Asian trading session, the EUR/USD pair was moving moderately higher around 1.1070. Meanwhile, signs of rising geopolitical tensions in the Middle East could weigh on […]