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Forex
USD/CNH: Likely to trade in a range between 7.1160 and 7.133 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1160 and 7.1330. In the longer run, downward bias is building, but USD must first close below 7.1100…
Gold Price Forecast: XAU/USD holds above $3,620, on a soft USD, geopolitical tensions
Gold bounces up at $3,620, favoured by Fed easing expectations and geopolitical concerns.The precious metal remains near record highs despite its overbought…
USD/JPY wobbles around 147.50 ahead of US producer inflation data
USD/JPY consolidates around 147.50 as investors await US PPI data for August.The Fed is certain to cut interest rates in the policy meeting next week.The…
USD slips back, CAD underperforms – Scotiabank
The US Dollar (USD) shrugged off the larger-than-expected downward revision to US jobs data with some ease yesterday, Scotiabank's Chief FX Strategists Shaun…
AUD/USD rallies toward July highs after upbeat data – Rabobank
The Australian Dollar (AUD) climbed near July highs as stronger-than-expected GDP and household spending data cast doubt on further RBA rate cuts this year.…
CAD fails to take advantage of softer USD tone – Scotiabank
The Canadian Dollar (CAD) is trading marginally lower in overnight trade but is holding a tight range around the 1.3850 point, Scotiabank's Chief FX…
EUR steady ahead of Thursday’s ECB – Scotiabank
The Euro (EUR) is entering Wednesday’s NA session flat against the US Dollar (USD) and also unchanged from Friday’s close, having relinquished much of its…
GBP flat ahead of data later this week – Scotiabank
The Pound Sterling (GBP) is entering Wednesday’s NA session with a marginal gain vs. the USD as it consolidates in a tight range just above 1.3500,…
Pound Sterling Price News and Forecast: GBP/USD buyers hesitate as key resistance holds
GBP/USD Forecast: Pound Sterling buyers hesitate as key resistance holdsGBP/USD fluctuates above 1.3500 in the European session on Wednesday after posting…
Gold climbs to $3,646 as soft US PPI and geopolitical risks lift safe-haven demand
Gold trades near record high after US PPI disinflation boosts odds of September Fed easing.Payrolls revision and softer producer prices strengthen the case for…