Japanese Yen advances as BoJ Governor Ueda indicates further rate hikes – FXStreet
The Japanese yen rose following hawkish comments from Bank of Japan Governor Ueda in the Diet. The diverging policy outlook of the two central banks has caused the USD/JPY pair to fall. The US dollar fell following Fed Chairman Powell’s dovish tone at the Jackson Hole Symposium. The Japanese Yen (JPY) has continued to rise […]
Pound Sterling surges on robust expansion in UK flash PMI – FXStreet
The pound continues to trend higher against the US dollar following strong UK flash PMI data for August. The UK’s composite PMI expanded at a strong pace to 53.4. The main event this week will be speeches from Chairman Powell and Chairman Bailey in Jackson Hole. The British Pound (GBP) surged to nearly 1.3130 against […]
Japanese Yen rises due to increasing odds of a further BoJ rate hike – FXStreet
The Japanese yen has strengthened as traders expect the Bank of Japan to raise interest rates further in the near future. Machinery orders in Japan rose 2.1% in June from the previous month, beating expectations of a 1.1% increase. The US dollar weakened as dovish comments from the Federal Reserve increased the likelihood of a […]
USD/JPY retreats over 50 pips from Asian session peak, slides below mid-147.00s – FXStreet
USD/JPY gained some positive momentum on Monday but struggled to capitalize on the move. Diverging policy forecasts from the Bank of Japan and the Federal Reserve proved to be the main factor restraining further gains. A positive risk stance could weaken the safe haven yen, providing some support to the currency pair. The USD/JPY pair […]
US Dollar dips on Friday after mixed economic data – FXStreet
The US dollar weakened following the University of Michigan’s economic sentiment index and housing market data. The market remains confident of a rate cut in September. The dollar may remain sensitive to data releases. The US Dollar (USD), as measured by the US Dollar Index (DXY), fell on Friday following the release of University of […]
Gold expected to end the year at around $2,500, further rises likely in 2025 – FXStreet
Gold (XAU/USD) hit a new all-time high on Friday. Commerzbank commodity analyst Carsten Fritsch raised his year-end gold price forecast to $2,500 per troy ounce from $2,300, noting that upcoming interest rate cuts by the Federal Reserve will continue to support prices. Gold outlook brightens as Fed prepares to cut interest rates “US inflation fell […]
Japanese Yen remains stronger due to hawkish mood surrounding the BoJ, US data eyed – FXStreet
The Japanese yen strengthened as further interest rate hikes by the Bank of Japan became more likely. The yen could face challenges due to political uncertainty, with Prime Minister Fumio Kishida not seeking re-election in September. The US dollar is facing pressure from falling Treasury yields and growing expectations of a Fed rate cut. The […]
Gold Price Forecast: XAU/USD holds steady above $2,450 on positive Retail Sales data – FXStreet
Gold prices were trading flat around $2,455 in early Asian trading on Friday. US retail sales rose 1.0% month-on-month in July, beating expectations. Initial jobless claims fell 7,000 from the previous week to 227,000. Rising geopolitical risks in the Middle East could limit gold’s declines. Gold prices (XAU/USD) were trading sideways around $2,455 in early […]
USD/JPY surges above 149.00 after upbeat US data – FXStreet
USD/JPY picked up bullish momentum and rose above 149.00. Strong US retail sales and jobless claims data will boost the US dollar. The US Dollar Index rose more than 0.5% on the day to above 103.00. USD/JPY picked up bullish momentum in the US market on Thursday, breaking out of a one-week range. At the […]
Gold Price Forecast: XAU/USD trades with mild gains near $2,450, eyes on US Retail Sales – FXStreet
Gold prices were slightly higher around $2,450 in early Asian trading on Thursday. US CPI inflation rose as expected in July. Any signs of escalating geopolitical tensions could rally safe-haven assets such as gold. Gold prices (XAU/USD) snapped a two-day slide early Thursday in Asian trading, rising to near $2,450. A weakening US Dollar (USD) […]