USD/CAD Price Forecast: Faces selling pressure above 50% Fibo retracement at 1.3900
The USD/CAD pair trades flat around 1.3885 during the European trading session on Wednesday. The Loonie pair consolidates ahead of the United States (US) Producer Price Index (PPI) data for October and November, and the Retail Sales data for November.
USD/JPY slips after hitting July 2024 highs – BBH
USD/JPY eased below 159.00 after hitting 159.45 overnight, prompting fresh warnings from Japanese Finance Minister Satsuki Katayama against speculative or excessive yen movements, BBH FX analysts report.
Pound Sterling gains ahead of key UK GDP data
The Pound Sterling (GBP) gains against its major peers, except antipodeans, on Wednesday. The British currency trades higher ahead of the United Kingdom (UK) monthly Gross Domestic Product (GDP) and factory data, which will be released on Thursday.
PBOC sets USD/CNY reference rate at 7.0108 vs. 7.0128 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0108 compared to Friday’s fix of 7.0128 and 6.9849 Reuters estimate.
GBP/USD rebounds from three-week low, eyes mid-1.3400s as Fed concerns weigh on USD
The GBP/USD pair attracts some buyers near a technically significant 200-day Simple Moving Average (SMA) and recovers slightly from a nearly three-week low, touched during the Asian session on Monday.
US federal prosecutors open inquiry into Fed Chair Powell
Federal prosecutors have opened a criminal investigation into Federal Reserve (Fed) Chair Jerome Powell regarding the central bank’s renovation of its Washington headquarters and whether Powell lied to Congress about the project’s scope, the New York Times reported on Sunday.
EUR/USD rises to near 1.1650 amid dovish Fed expectations
EUR/USD edges higher after registering gains in the previous six successive sessions, trading around 1.1650 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) struggles amid dovish Federal Reserve (Fed) expectations.
EUR/CAD Price Forecast: Consolidates around mid-1.6100s; Canadian jobs data awaited
The EUR/CAD pair oscillates in a range around mid-1.6100s through the early European session on Friday, though it seems to have stalled the previous day’s modest pullback from over a three-week high.
Silver Price Forecast: XAG/USD trades above $77.00 after bouncing off nine-day EMA
Silver price (XAG/USD) gains ground after two days of losses, trading around $77.20 per troy ounce during the Asian hours on Friday.
German Industrial Production rises 0.8% MoM in November vs. -0.4% expected
Germany’s industrial sector activity unexpectedly increased in November, the latest data published by Destatis showed on Friday.
AUD/USD flubs key technical level as holiday season drains market volume
AUD/USD strung itself along the 0.6700 handle for the second day in a row as the Aussie-Dollar pairing grapples with end-of-year market volumes restraining overall momentum.
EUR/USD softens below 1.1750 after Fed Minutes
The EUR/USD pair attracts some sellers near 1.1745 during the early Asian session on Wednesday. The US Dollar (USD) edges higher against the Euro (EUR) after the release of minutes from the Federal Reserve’s (Fed) December meeting.
EUR/USD Price Forecast: Could test 1.1750 amid strengthening bullish bias
EUR/USD remains flat after two days of small losses, trading around 1.1740 during the Asian hours on Thursday. On the daily chart, technical analysis indicates a strengthening of a bullish bias, as the pair continues to trade within an ascending channel pattern.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
AUD/JPY Price Forecast: Edges lower below 103.00, but stays supported above 100-day EMA
The AUD/JPY cross declines to around 102.70 during the early European session on Thursday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) amid firming expectations for an imminent rate hike by the Bank of Japan (BoJ) this week.
EUR/JPY hovers near 183.00 amid concerns over Japan’s deteriorating fiscal outlook
EUR/JPY holds ground after registering 0.51% gains in the previous session, trading around 182.90 during the Asian hours on Thursday. The currency cross holds steady as the Japanese Yen (JPY) remains under pressure amid worries about Japan’s weakening fiscal outlook.
US Dollar Index (DXY) flat lines below mid-98.00s as traders await US inflation data
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to build on the previous day’s modest recovery gains and oscillates in a narrow band during the Asian session on Thursday.
US President Trump: Next Fed chair will believe in lower interest rates ‘by a lot’
Speaking in a national address early Thursday, US President Donald Trump said the next chairman of the Federal Reserve (Fed) will be someone who believes in lower interest rates “by a lot.”
WTI tumbles to near $56 amid Ukraine peace talks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.00 during the Asian trading hours on Thursday. The WTI price edges lower amid optimism over a peace agreement between Russia and Ukraine.
USD/CAD holds near 1.3800 amid market caution ahead of US CPI data
USD/CAD holds position after registering modest gains in the previous session, trading around 1.3790 during the Asian hours on Thursday.