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Forex
Lower energy prices are good news – ING
EUR/USD remains glued to the 1.1700 area. Three-month traded volatility has dropped to its lowest level since last November, at 6.60%, ING's FX analyst Chris Turner notes.Market…
Gold hits daily high amid Fed rate cut bets, geopolitical tensions
Gold (XAU/USD) touches a fresh daily peak during the first half of the European session, though it lacks follow-through buying amid the upbeat market mood. The US Dollar (USD)…
AUD/USD rises to near 0.6600 as traders pare RBA dovish bets
The AUD/USD pair gains slightly to near 0.6605 during the European trading session on Friday. The Aussie pair moves higher as the Australian Dollar (AUD) gains amid easing bets…
Pound Sterling flattens against US Dollar on absence of US key economic data releases
The Pound Sterling (GBP) trades in a tight range around 1.3440 against the US Dollar (USD) during the European trading session on Friday. The GBP/USD pair consolidates as the US…
Likely to trade in a range of 1.1690/1.1750 – UOB Group
There has no significant shift in either downward or upward momentum; Euro (EUR) is likely to trade in a range of 1.1690/1.1750. In the longer run, EUR is likely to trade between…
2-way trades seem likely – OCBC
The US government shutdown adds another layer of data and market uncertainty. Past shutdowns have often coincided with demand for safe haven proxy including gold while the USD…
GBP/USD may retest the 1.3400 level – UOB Group
The softened underlying suggests Pound Sterling (GBP) may retest the 1.3400 level; a continued decline below this level is unlikely. In the longer run, GBP is likely to trade in a…
Euro approaches 0.8740 resistance area
The Euro is trading higher for the second consecutive day against the British Pound on Friday. The pair found support right below 0.8700 earlier this week, but has managed to pare…
USD/JPY pulls back from 150 resistance – Société Générale
USD/JPY failed to hold above 150 and slipped below its 200-day moving average, with focus now shifting to support at 146.20/145.40. A break lower could open the door to further…
Indian Rupee stays on back foot amid US-India trade tensions
The Indian Rupee (INR) continues to trade flat around 88.90 against the US Dollar (USD) during late Indian trading hours on Friday. Still, the USD/INR is close to its all-time high…