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Forex
GBP/USD Price Forecast: Bounces from weekly lows as ‘hammer’ hints reversal
GBP/USD edges up after bottoming out at 1.3010, with a ‘hammer’ pattern signaling potential for further upside.
Clearing the October 10 high of 1.3093 and…
EUR/GBP slides lower as analysts bet on ECB easing, UK data beats expectations
EUR/GBP slides as a growing number of analysts make calls that the ECB will cut interest rates at their meeting next week.
Lower borrowing costs are…
Gold continues rallying after dip in US consumer sentiment index
Gold continues to recover after the Michigan Consumer Sentiment Index reveals a dip in sentiment on Friday.
Gold shurgged off higher inflation data earlier…
USD/CAD surrenders some gains after US PPI, Canadian Employment data
USD/CAD surrenders some of its intraday gains after the US and Canada data.
The Canadian employment data showed that job demand remained robust and the…
US Dollar ticks higher with PPI coming in as an upbeat surprise on estimates
The US Dollar trades a touch higher after PPI data comes in stronger.
Traders are keeping US interest rates elevated in the assumption less rate cuts from…
EUR/JPY Price Forecast: Reaches top of a nine-week range, risks rolling over
EUR/JPY has rallied up to the top of a medium-term range and risks rolling over as the mode extends.
MACD momentum is declining steadily suggesting…
USD/CNH: Likely to trade sideways short term – UOB Group
The US Dollar (USD) is likely to trade in a sideways range of 7.0650/7.0920. In the longer run, current price movements are likely part of a range trading…
EUR/USD strives to gain ground above 1.0900 with US PPI in focus
EUR/USD finds temporary support near 1.0900 as the Euro outperforms its major peers.
The Euro gains despite firm ECB dovish bets amid a faster-than-expected…
Pound Sterling gains on upbeat UK factory data, US PPI in focus
The Pound Sterling recovers sharply against its major peers after the UK ONS reported robust factory data and expected GDP growth in August.
Traders expect…
Forex Today: US Dollar consolidates weekly gains ahead of producer inflation data
Here is what you need to know on Friday, October 11:
Following Thursday's volatile action, markets seems to have stabilized to begin the last trading day of…