US Dollar (USD) could drop to 7.0980 before stabilisation is likely; a sustained drop below this level appears unlikely. In the longer run, rapid increase in momentum suggests a break of 7.1000…
Category: Forex News
Gold Price Forecast: XAU/USD drifts from record highs, $3.660 support on focus
Gold is trading lower on Wednesday, weighed by generalised USD strength, as investors cut short Dollar positions ahead of the Fed’s decision. The Precious metal turned lower from the $3,700 record high,…
USD/CNH: Next support level to monitor is 7.0875 – UOB Group
US Dollar (USD) could drop to 7.0980 before stabilisation is likely; a sustained drop below this level appears unlikely. In the longer run, rapid increase in momentum suggests a break of 7.1000…
BoC expected to lower interest rate amid sluggish economy and weaker jobs data
The Bank of Canada (BoC) is widely anticipated to reduce its benchmark interest rate by a quarter percentage point on Wednesday, taking it to 2.50% after three consecutive ‘on hold’ decisions. The…
GBP shrugs off in-line CPI data – BBH
Pound Sterling (GBP) showed little reaction to the UK’s August CPI release, which broadly matched expectations, though persistently elevated core and services inflation highlight slow disinflation and reinforce stagflation risks, BBH FX…
EUR/USD holds firm above 1.1800 as strong US Retail Sales limits Dollar downside
EUR/USD continues to hold firm above the 1.1800 level on Tuesday, easing slightly after briefly retesting its year-to-date high at 1.1821. Despite the minor pullback, the pair remains well supported, driven by…
US Retail Sales rise 0.6% in August vs. 0.2% forecast
Retail Sales in the United States (US) increased by 0.6% on a monthly basis in August to $732 billion, the US Census Bureau reported on Tuesday. This print followed the 0.6% increase…
Breaking: Canadian Core Inflation Surprises to the Downside in August
Canada’s inflation rate ticked up slightly in August, but the underlying price pressures came in softer than expected — a development that could influence the Bank of Canada’s next move on interest…
WTI Price Forecast: Oil Holds Firm Near $63.50 with Bullish Momentum Building
West Texas Intermediate (WTI) Crude Oil extended its rebound for the third consecutive day on Tuesday, trading around $63.68 as of writing — up nearly 1.0% on the day. The bullish tone…
Gold Nears $3,700 as Weak US Dollar and Fed Rate Cut Expectations Fuel Rally
Gold is powering higher again on Tuesday, pushing toward the key $3,700 level as investors continue to sell the US Dollar and position ahead of the Federal Reserve’s policy decision on Wednesday….