Japanese Yen depreciates as US Dollar gains ground due to higher Treasury yields – FXStreet
The Japanese yen pared its intraday gains despite the hawkish outlook for the Bank of Japan. Japan’s parliament is due to hold a special session to discuss the Bank of Japan’s interest rate hike last month. Weak U.S. Producer Price Index (PPI) data has reduced the chances of a significant Fed rate cut in September. […]
Gold price in India: Rates on August 14 – FXStreet
Gold prices fell in India on Wednesday, according to data compiled by FXStreet. Gold price was at INR 6,640.25 per gram, down as compared to INR 6,649.34 on Tuesday. Gold prices fell to INR 77,450.62 per tola from INR 77,556.65 per tola the previous day. Unit of measurement Gold Price (Indian Rupee) 1 gram 6,640.25 […]
Australian Dollar advances further due to rising odds of RBA adopting a hawkish stance – FXStreet
The Australian dollar fell after the RBNZ delivered an unexpected 25 basis points interest rate cut on Wednesday. The Australian dollar could face challenges as safe-haven inflows amid rising geopolitical tensions in the Middle East. The US dollar weakened following weak producer price data on Tuesday. The Australian dollar (AUD) fell against the US dollar […]
Gold Price Forecast: XAU/USD holds above $2,450 ahead of US CPI data – FXStreet
Gold prices were slightly higher around $2,465 in early Asian trading on Wednesday. Rising tensions in the Middle East have boosted demand for gold as a safe-haven asset, benefiting it. Attention on Wednesday will be on the release of the US Consumer Price Index for July. Gold prices (XAU/USD) were up slightly around $2,465 in […]
Pound Sterling posts fresh weekly high on lower UK jobless rate and soft US PPI – FXStreet
The pound surged against the US dollar on strong UK employment figures and a weak US producer price index. The UK unemployment rate unexpectedly fell to 4.2% and average incomes rose more than expected. Investors are awaiting UK and US inflation data for July, due on Wednesday. During North American trading hours on Tuesday, the […]
Gold price in India: Rates on August 13 – FXStreet
Gold prices fell in India on Tuesday, according to data compiled by FXStreet. Gold price was at INR 6,639.65 per gram, down as compared to INR 6,675.44 on Monday. Gold prices fell to INR 77,443.56 per tola from INR 77,861.04 per tola the previous day. Unit of measurement Gold Price (Indian Rupee) 1 gram 6,639.65 […]
Gold remains depressed below monthly peak, looks to US PPI for some impetus – FXStreet
Gold prices have retreated from near monthly highs that were retested earlier this week on Tuesday. Bulls chose to reduce their bets amid a bullish risk environment and ahead of the release of US inflation data. Geopolitical risks and expectations of a 50bps rate cut by the Fed will help cap the decline. Gold prices […]
Gold Price Forecast: XAU/USD holds below $2,450, eyes on geopolitical risks and key US economic data this week – FXStreet
Gold prices were trading weakly around $2,430 in early Asian trading on Monday. Safe-haven flows may support gold amid rising geopolitical risks. Traders are awaiting key U.S. economic data this week, including the Producer Price Index (PPI), Consumer Price Index (CPI) and retail sales, which could provide fresh stimulus. Gold prices (XAU/USD) are trading lower […]
AUD/USD rebounds above 0.6550 ahead of Australian Retail Sales – FXStreet
In early Asian trading on Monday, AUD/USD remained in positive territory around 0.6555. U.S. PCE inflation rose 2.5% year-on-year in June, highlighting the improving inflation environment. A more hawkish stance from the RBA may support the Australian dollar. In early Asian hours on Monday, the AUD/USD pair is trading in an uptrend around 0.6555. Growing […]
EUR/USD Price Analysis: The first upside barrier emerges near 1.0900 – FXStreet
In the early European session on Monday, EUR/USD is trending higher near the 1.0885 level. The pair is maintaining bullish sentiment by climbing above the 100-period EMA but the RSI indicator remains in the bearish territory. The first downside target is 1.0865, with the immediate resistance level at 1.0900. In the early hours of the […]