USD/JPY seems vulnerable near YTD low, around mid-140.00s ahead of Fed/BoJ meetings this week – FXStreet
USD/JPY is languishing near its lowest level since the start of the year due to differences in policy forecasts between the Fed and the Bank of Japan. Bears may refrain from making fresh bets ahead of central bank event risks this week. The Fed will announce its decision on Wednesday, followed by the Bank of […]
Gold Price Forecast: XAU/USD holds positive ground above $2,550, focus on Fed rate decision – FXStreet
Gold prices were trading in positive territory around $2,580 in early Asian hours on Monday. Growing expectations of a Federal Reserve rate cut and persistent geopolitical risks continue to support gold prices. A slowdown in economic activity in China could put pressure on precious metals prices. Gold prices (XAU/USD) gained momentum around $2,580 in early […]
Pound Sterling jumps to near 1.3150 as Fed large rate cut bets soar – FXStreet
The pound rose to nearly 1.3150 against the US dollar as traders strengthened their bet that the Fed will cut interest rates by 50 basis points when it meets next week. The slowdown in the U.S. Producer Price Index (PPI) for August has led to expectations of a big rate cut from the Fed. Investors […]
EUR/JPY depreciates to near 156.00 as BoJ holds hawkish stance – FXStreet
EUR/JPY fell after the Bank of Japan hinted at further interest rate hikes if the economic outlook meets expectations. The Bank of Japan may raise interest rates to 0.5% by the end of 2024, according to a Fitch Ratings report. ECB policymaker Joachim Nagel said core inflation was heading in the right direction. EUR/JPY fell […]
Australian Dollar maintains position ahead of Michigan Consumer Sentiment Index – FXStreet
The AUD/USD pair is rising as US data strengthens the likelihood of an aggressive Fed rate cut next week. The U.S. producer price index rose more than expected due to rising services costs. The Fed is expected to cut interest rates by 25 basis points at its September meeting. AUD/USD rose for a third consecutive […]
Gold price in India: Rates on September 13 – FXStreet
Gold prices rose in India on Friday, according to data compiled by FXStreet. Gold price was at INR 6,933.35 per gram, up from INR 6,905.34 on Thursday. Gold prices rose to INR 80,880.93 per tola from INR 80,545.38 per tola the previous day. Unit of measurement Gold Price (Indian Rupee) 1 gram 6,933.35 10 grams […]
Gold price surges to record highs above $2,550 as Fed rate cut expectations mount – FXStreet
Gold hit a new record high after U.S. jobless claims and producer inflation data backed up a possible Fed interest rate cut. The US Dollar Index (DXY) fell 0.29% and Treasury yields rose, with the 10-year Treasury note at 3.689%. The CME FedWatch tool indicates there is an 85% chance that the Fed will cut […]
EUR/USD hangs near multi-month low, defends 1.1000 mark ahead of ECB meeting – FXStreet
EUR/USD is stabilizing above the 1.1000 level as traders eagerly await the ECB's policy decision. Diminished expectations of more aggressive Fed easing have weakened the US dollar, limiting gains for major currencies. Traders appeared cautious ahead of major central bank event risks and the release of the U.S. Producer Price Index. The EUR/USD pair struggled […]
Australian Dollar rises due to risk-on mood, focus shift to US Initial Jobless Claims – FXStreet
The AUD/USD pair rose following comments from former Reserve Bank of Australia (RBA) Governor Bernie Fraser. Bernie Fraser criticised the Reserve Bank of Australia's board for placing too much emphasis on inflation at the expense of the jobs market. Australian consumer inflation expectations eased to 4.4% in September, down slightly from a four-month high of […]
USD/JPY surrenders modest intraday gains to 143.00 after BoJ Tamura’s hawkish remarks – FXStreet
USD/JPY is attracting fresh sellers following an intraday rally towards the 143.00 level. Bank of Japan's hawkish comments push up the yen, putting downward pressure on the currency pair. A strong recovery in US dollar demand and an upbeat mood in the market are providing some support. The USD/JPY pair has failed to capitalize on […]