Japanese Yen struggles to lure buyers; looks to BoJ Governor Ueda's speech for fresh impetus – FXStreet
Japanese Yen attracts some sellers following the release of softer domestic data. A small US dollar recovery from the trough over a few months will lend you more support to USD/JPY. JPY has little movement after BOJ's decision not to change short-term interest rates. The Japanese Yen (JPY) has been moving little after the Bank […]
Gold price stands tall near multi-week top; looks to US NFP for fresh impetus – FXStreet
On Friday, gold prices attracted buyers for the fourth day in a row amid the flow of some haven funds. The Fed's hawkish stance, rising U.S. Treasury yields and strength in the U.S. dollar should limit any gains. Traders may also choose to wait for the release of the key US NFP report, which is […]
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 […]
EUR/USD Price Forecast: Two-day uptrend pauses near 50% Fibo., looks to US NFP for fresh impetus – FXStreet
EUR/USD is consolidating gains from Tuesday's over two-week lows. Investors are eagerly awaiting details of the U.S. jobs report before placing any new directional bets. This setup favors bullish traders and boosts the prospects of further upside. The EUR/USD pair struggled to capitalize on the gains recorded over the past two days and fluctuated within […]
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 […]