Gold (XAU/USD) begins the week on a subdued note, holding above $4,050 after last week’s two-day pullback from a three-week high. At around $4,080, upside momentum remains capped by a stronger US…
Category: Market News & Updates
USD/JPY Forecast: Dollar Nears 155.00 as Bullish Momentum Fades
The US Dollar is inching higher against the Japanese Yen, approaching the 155.00 level—its highest point in eight months. However, bullish momentum is showing signs of exhaustion. Pressure on the Bank of…
AUD/USD Expected to Trade Between 0.6510 and 0.6560 – UOB Group
UOB Group FX strategists Quek Ser Leang and Peter Chia expect the Australian Dollar to remain range-bound in the near term, with AUD/USD likely to fluctuate between 0.6510 and 0.6560. In the…
USD Strengthens as Markets Scale Back Rate-Cut Expectations – BBH
The US Dollar gained ground against most major currencies as traders reduced their expectations for near-term Federal Reserve rate cuts. According to BBH FX analysts, fed funds futures now place the odds…
GBP/USD Expected to Trade Within 1.3120–1.3200 Range – UOB Group
Analysts Quek Ser Leang and Peter Chia from UOB Group note that the Pound Sterling (GBP) is likely to remain confined to a 1.3120–1.3200 range in the near term. They add that…
Pound Sterling Weakens as UK GDP and Labour Data Disappoint
The Pound Sterling (GBP) extended its decline on Thursday after a series of weaker-than-expected UK economic data releases raised fresh concerns about the health of the British economy. Softer Q3 GDP growth…
Gold Price Forecast: XAU/USD Surges Above $4,200 as US Dollar Weakens
Gold (XAU/USD) extended its winning streak for a fifth consecutive session on Thursday, rallying to fresh three-week highs above $4,220, as renewed risk appetite and a weaker US Dollar continued to boost…
EUR/USD Holds Gains Amid Improved Risk Appetite and Softer US Dollar
The EUR/USD pair pulled back from two-week highs just above 1.1630 but continues to trade with a positive tone, hovering near 1.1615 during Thursday’s session. The Euro remains supported by a firmer…
USD/JPY Poised to Extend Gains Toward 155.20 – UOB Group
The US Dollar (USD) is expected to strengthen further against the Japanese Yen (JPY) and could test the 155.20 level, though any additional advance is unlikely to reach beyond 155.55, according to…
AUD/USD Jumps to Near 0.6580 on Strong Australian Jobs Data
The AUD/USD pair surged to an almost two-week high around 0.6580 during Thursday’s European session, after upbeat Australian labor market data boosted demand for the local currency. According to the Australian Bureau…