The British Pound (GBP) climbed to a weekly high near 1.3480 against the US Dollar (USD) on Wednesday, as the Greenback remained under pressure following the shutdown of the US federal government….
Category: Forex News
CHF Outlook: FX Intervention, Pharma Ties, and Franc Direction – ING
It’s been an eventful week for Switzerland, with several developments impacting the Swiss Franc (CHF) and monetary policy sentiment, according to ING’s FX strategist Chris Turner. SNB Adjusts Reserve Policy – Not…
WTI Crude Oil Forecast: Price Holds Near $61.50 as Downside Risks Persist
West Texas Intermediate (WTI) crude oil remains under pressure, trading near $61.85 during the European session on Wednesday. This marks the fourth consecutive day of losses, extending the retreat from last week’s…
ADP Report Poised to Confirm Softening in US Labour Market for September
Market attention turns to US employment data this week, with the ADP Employment Change report scheduled for release at 12:15 GMT on Wednesday. The figures will provide a critical read on the strength…
Silver Price Today: XAG/USD Rises to $47.25 Amid Strong Year-to-Date Gains
Silver prices (XAG/USD) continued their upward trajectory on Wednesday, climbing 1.25% to trade at $47.25 per troy ounce, according to data from FXStreet. The metal was priced at $46.67 on Tuesday. Since…
EUR/USD Pulls Back as Eurozone Inflation Matches Forecasts
EUR/USD trimmed earlier gains on Wednesday, retreating to 1.1750 after touching daily highs near 1.1780, as Eurozone inflation data came in line with market expectations. Despite the US Dollar remaining under pressure…
EUR/GBP Eyes Range Breakout as Bullish Momentum Builds – Société Générale
EUR/GBP is testing the upper boundary of its multi-month trading range, with upward momentum continuing to dominate, according to Société Générale FX analysts. A sustained move above key technical levels could pave…
Gold’s Record-Breaking Rally Unshaken; Bulls Set Sights on $3,900 Ahead of Key US Data
Gold (XAU/USD) surged to a new all-time high on Wednesday, continuing its historic uptrend as a mix of supportive factors bolsters demand for the safe-haven asset. The precious metal is now approaching…
US ISM Manufacturing PMI Set to Show Modest Improvement in September
The spotlight turns to the US factory sector as the Institute for Supply Management (ISM) prepares to release its Manufacturing Purchasing Managers Index (PMI) report for September at 14:00 GMT on Wednesday….
EUR/USD Extends Rally as Market Focus Shifts to Eurozone Inflation Data
The Euro continued its upward trajectory on Wednesday, climbing above 1.1770 against the US Dollar and marking a fourth consecutive day of gains. The move is largely attributed to broad-based weakness in…