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Forex
Gold slides as December Fed rate cut bets diminish
Gold (XAU/USD) trades on the back foot on Friday, weighed down by fading hopes of a December interest rate cut from the Federal Reserve (Fed). At the time of writing, XAU/USD is…
EUR/JPY approaches 180.00 on weak data, Yen intervention threats
The Euro snapped a four-day rally against the Japanese Yen on Friday and is dropping about 0.7% on the day so far, reaching session lows at 180.30. The pair is retreating from the…
Pound Sterling slumps after poor UK Retail Sales, flash PMI data
The Pound Sterling (GBP) falls sharply against its major currency peers on Friday, following the release of poor United Kingdom (UK) Retail Sales data for October, and preliminary…
Slight retracement ahead? – OCBC
US Dollar (USD) traded a touch firmer on release of delayed Sep jobs report. DXY was last at 100.12 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.2-way trades…
EUR/USD picks up with Eurozone business activity figures in focus
EUR/USD is going through a mild recovery on Friday, trading at the 1.1545 area at the time of writing, after bouncing from two-week lows on Thursday, right above 1.1500. The pair,…
Hovers around 1.4100 as bullish bias persists
USD/CAD edges lower after two days of gains, trading around 1.4090 during the early European hours on Friday. The daily chart’s technical setup reflects a persistent bullish bias,…
GBP/USD edges higher to near 1.3090 early European session
GBP/USD Price Forecast: Holds gains near 1.3100, but bearish momentum persists below 100-day EMAThe GBP/USD pair strengthens to around 1.3090 during the early European session on…
USD/CHF corrects to near 0.8040 as US Dollar’s rally hits pause
The USD/CHF pair retraces to near 0.8040 during the late Asian trading session on Friday from its weekly high of 0.8078 posted the previous day. The Swiss Franc pair struggles to…
Japanese Yen remains on the front foot amid intervention fears
The Japanese Yen (JPY) sticks to modest intraday recovery gains against its American counterpart through the Asian session on Friday, though any meaningful appreciation seems…
Australian Dollar holds ground as Australia Manufacturing PMI rises in November
The Australian Dollar (AUD) advances against the US Dollar (USD) on Friday after two days of losses. The AUD/USD pair gains ground following the preliminary reading of Australia's…