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Forex
US Dollar ticks down as market sentiment improves ahead of the Fed
The USD lost momentum on Tuesday although it remains above previous resistance levels.
An improved risk environment and hopes of a dovish turn by the Fed…
Pound Sterling remains on backfoot as BoE rate-cut bets surge
The Pound Sterling ranges against the US Dollar near 1.2850 with a focus on Fed/BoE policy meetings.
Traders raise BoE rate-cut bets despite stubborn UK…
USD/CAD trades around 1.3850 after retreating from eight-month highs
USD/CAD declines due to a dovish sentiment surrounding the Fed’s policy trajectory in 2024.
The US Dollar struggled as cooling inflation sparked discussions…
Forex Today: Eyes on German inflation and US consumer sentiment data ahead of central bank meetings
Here is what you need to know on Tuesday, July 30:
Investors remain cautious following Monday's choppy action in financial markets. Second-quarter Gross…
Japanese Yen declines due to market caution ahead of BoJ decision
The Japanese Yen edges lower despite the hawkish sentiment surrounding the BoJ policy decision due on Wednesday.
The Bank of Japan is widely expected to…
USD/CAD slips below mid-1.3800s, downside potential seems limited amid falling Oil prices
USD/CAD pulls back from the vicinity of the YTD peak touched on Monday.
Dovish Fed expectations cap the USD upside and prompt some profit-taking.
Bearish…
Pound Sterling Price News and Forecast: GBP/USD edges lower on Tuesday, though the downside remains cushioned
GBP/USD remains depressed around mid-1.2800s, holds above multi-week low set on Monday
The GBP/USD pair struggles to capitalize on the overnight goodish…
Indian Rupee posts modest gains, focus on Fed rate decision
The Indian Rupee trades with a mild positive bias in Tuesday’s Asian session.
The INR is weighed by the month-end US Dollar demand and India’s equity…
Gold price languishes around $2,380, looks to Fed decision for fresh impetus
Gold price remains depressed amid a modest USD strength, though the downside seems limited.
September Fed rate cut bets might cap further USD gains and lend…
WTI extends its decline below $76.50 amid China demand concerns, eyes on Fed rate decision
WTI attracts some sellers near $76.25 in Tuesday’s Asian session, down 0.45% on the day.
The weaker outlook for crude demand in China weighs on the WTI…