FX

Gold price loses traction in Monday’s Asian session. The stronger USD undermines the yellow metal, while the dovish Fed might cap its downside.  Traders will focus on the US PMI data ahead of the employment report on Friday.  The Gold price (XAU/USD) extends its decline below the $2,500 psychological level on Monday. The firmer Greenback

EUR/USD trimmed to the downside on Friday, extending into a three day down streak. EU inflation brought no surprises, US PCE inflation kept rate bets on balance. Coming up next week: Last US NFP jobs data print before next Fed rate call. EUR/USD tilted further into the red on Friday, extending a downside move into

Gold falls below $2,500 following US PCE report, boosting likelihood of September Fed rate cut. Fed’s cautious policy easing strategy stirs uncertainty; markets favor a 25 bps cut. Traders’ bets on a 25 bps rate cut rise to 69%; odds for a 50 bps reduction fall to 31%, per CME FedWatch Tool. Gold prices tumbled

EUR/USD falls to near 1.1050 as the Eurozone inflation declines in line with estimates. Soft German inflation already boosted hopes of another ECB interest-rate cut in September. US PCE inflation for July rose steadily and remains softer than estimates. EUR/USD edges lower and remains below 1.1100 in Friday’s North American session. The major currency rises as the US Dollar

GBP/USD shows upward bias on daily chart, yet short-term RSI presents mixed signals. Hourly chart reveals bearish trend with the pair below 50, 100, and 200-HMAs; sellers aim for 1.3108 and potentially 1.3100. Additional supports at August 22 low of 1.3076 and August 20 high of 1.3052. Buyers reclaiming 200-HMA at 1.3148 could push recovery

The Pound Sterling falls below 1.3150 against the US Dollar after sticky US core PCE inflation. A decline in market expectations for the Fed’s large interest rate cuts supported the US Dollar. The policy-easing spell from the BoE is expected to be slower than that of its major peers. The Pound Sterling (GBP) extends its two-day losing spree

Gold price drops in Friday’s early Asian session. The stronger US GDP growth drags Gold price lower, but rising Fed rate cut expectations might help limit its losses.  All eyes are on the US PCE inflation data, which is due later on Friday.  Gold price (XAU/USD) loses momentum amid the firmer US Dollar (USD) on

The US Dollar trades strong and reverses nearly all losses incured last week.  Markets see risk on while US Dollar rolls through markets. The US Dollar Index rallies into the 101-region and looks good to hold gains for this Thursday. The US Dollar (USD) trades substantially stronger and has reversed in a few pairs the

Most recent article: Gold price dips as traders brace for US GDP data Gold price rebounds above $2,500 in Thursday’s Asian session.  Rising Fed rate cut expectations and ongoing conflicts in the Middle East underpin the yellow metal.  A firmer US Dollar might limit Gold’s upside.  Gold price (XAU/USD) recovers some lost ground on Thursday after

USD/JPY rises to near 145.00 as the US Dollar recovers strongly. Upbeat US Consumer Confidence eases US hard landing fears. Investors await the Tokyo CPI and the US core PCE inflation for July. The USD/JPY pair climbs to near 145.00 in Wednesday’s North American session. The asset strengthens as the US Dollar (USD) delivers a

The Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Wednesday that the financial and capital markets remain unstable and the Japanese central bank needs to monitor these developments with utmost vigilance. Key quotes The financial and capital markets remain unstable. The BoJ needs to monitor these developments with utmost vigilance. BoJ also intends to carefully examine

Silver price faces pressures in extending its upside above $30.00 as US bond yields surge. The Fed seems prepared to cut interest rates in September. Investors keenly await the US core PCE inflation data for July. Silver price (XAG/USD) struggles to extend its upside above the psychological resistance of $30.00 in Tuesday’s New York session.

Silver price consolidates around a psychological level of $30.00 with a positive bias. Rising Middle-East tensions may provide support for the safe-haven Silver. The non-yielding grey metal receives support from rising expectations of a Fed rate cut in September. Silver price (XAG/USD) hovers around $29.90 per troy ounce during the Asian session on Monday. The

USD/CHF steadies below 0.8500 as the Fed looks all set to cut interest rates in September. The US Dollar fails to recover strongly despite upbeat US Durable Goods Orders data for July. Swiss Q2 Employment Level rose to 5.499 million. The USD/CHF pair hovers below the psychological resistance of 0.8500 in Monday’s American session. The

GBP/USD trades in positive territory for the eighth consecutive day near 1.3215 in Monday’s early Asian session.  Fed’s Powell signalled for a September rate cut but did not mention about the size and pace of the rate cut.  BoE’s Bailey said it’s still too early to declare victory on inflation. The GBP/USD pair trades on

Mexican Peso rallies sharply with USD/MXN falling over 2%. Mexico’s economy shows mixed signals, with Q2 GDP growth at 2.1% YoY but a contraction in economic activity, as Banxico debates the appropriateness of recent rate cuts. Powell’s speech at Jackson Hole hints at upcoming rate cuts. The Mexican Peso rallied sharply against the Greenback on

Gold prices jump over 1% after Fed Chair Powell hints at upcoming rate cuts, expressing confidence in inflation nearing the 2% target. The US Dollar Index (DXY) falls 0.82% to 100.68, as Powell’s remarks push traders to bet on a 50 bps rate cut in September. US 10-year Treasury yields drop five basis points to

Through most of this year, EUR/USD has been contained by a 1.10 to 1.06 range, Rabobank’s Senior FX Strategist Jane Foley notes. EUR/USD set to trade at 1.12 on a 3-month scale “This month’s break higher and the advent of a new policy cycle for the Fed suggests that a new range is in the