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Forex
EUR/GBP declines to year-to-date lows after UK Retail Sales, ECB meeting
EUR/GBP falls to a new low for 2024 on Friday after Sterling strengthens following higher-than-expected UK Retail Sales.
The Euro remains weak after the…
Gold firmly above $2,700 hurdle as interest rates fall globally
Gold holds above the key $2,700 level, reaching fresh all-time highs, as interest rates globally are projected to decline more steeply.
Many major central…
USD/CAD Price Forecast: Strives to break above 1.3800 on BoC dovish bets
USD/CAD aims to break above 1.3800 as investors expect the BoC to cut interest rates by 50 bps on Wednesday.
The Canadian economy needs more stimulus to…
EUR/USD rebounds though its near term outlook remains uncertain
EUR/USD rebounds to near 1.0850 while its outlook remains uncertain as the ECB is expected to extend its policy-easing cycle.
A victory of Donald Trump in…
GBP/USD Price Forecast: Upbeat UK data fuels rally, stalls at 1.3050
GBP/USD rebounds from a weekly low of 1.2974, driven by stronger-than-expected UK Retail Sales data.
Momentum favors sellers, but a break above 1.3102 could…
Will Gold continue to rise? – Commerzbank
This morning, the price of Gold reached a new all-time high of more than $2,700 per troy ounce, although the market is expecting significantly less interest…
Gold price in euros also at record level – Commerzbank
The Gold price rose to a record level not only in US Dollars (USD), Commerzbank commodity analyst Carsten Fritsch notes.
Gold price likely to rise beyond…
EUR/USD: Speculation rises about a potential quicker pace of ECB easing – Rabobank
There has been a notable change in market perceptions regarding the pace and quantity of potential Fed and ECB rate cuts in recent weeks, Rabobank’s FX analyst…
Pound Sterling Price News and Forecast: GBP/USD upbeat UK data fuels rally, stalls at 1.3050
GBP/USD Price Forecast: Upbeat UK data fuels rally, stalls at 1.3050
The Pound Sterling resumed its uptrend after hitting a weekly low of 1.2974 on Wednesday.…
Significantly lower Swiss Gold exports to India – Commerzbank
The record high price level is having a dampening effect on demand for Gold in Asia, as shown by data on Switzerland's Gold exports for September published…