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Forex
Gold price struggles to gain ground amid risk-on mood; potential downside seems limited
A combination of supporting factors assists the Gold price to attract buyers for the second successive day.
The USD remains depressed amid the September…
EUR/USD Price Analysis: Moves above 1.0850 toward the upper boundary of channel
EUR/USD extends gains toward the upper boundary of the descending channel around the 1.0890 level.
The 14-day RSI is still positioned above the 50 level,…
NZD/USD trades with positive bias amid softer USD, lacks follow-through beyond 0.5900
NZD/USD gains some positive traction on Monday amid a modest USD weakness.
Dovish Fed expectations and a positive risk tone undermine the safe-haven buck.…
Japanese Yen gains ground due to a potential rate hike by the BoJ
The Japanese Yen appreciates as BoJ could increase rates by 10 basis points on Wednesday.
The Bank of Japan is widely expected to announce its bond purchase…
Australian Dollar appreciates due to hawkish sentiment surrounding RBA
The Australian Dollar gains ground as the RBA is expected to hold interest rates next week.
National Australia Bank (NAB) anticipates that the RBA’s cash…
EUR/USD extends upside above 1.0850, eyes on Eurozone GDP, Fed rate decision
EUR/USD trades stronger near 1.0860 in Monday’s early Asian session.
Fed’s key inflation gauge climbed 2.5% in June from a year ago.
The chance of…
Gold Price Forecast: XAU/USD attracts some buyers near $2,400 as US PCE data lifts rate-cut hopes
Gold price gains ground near $2,395 in Monday’s early Asian session.
The easing PCE inflation data on Friday has paved the way for a widely anticipated…
AUD/USD rebounds above 0.6550 ahead of Australian Retail Sales
AUD/USD holds positive ground near 0.6555 in Monday’s early Asian session.
The US PCE inflation increases 2.5% YoY in June, underscoring an improving…
Canadian Dollar soft on Friday as markets look elsewhere
The Canadian Dollar eased across the board on Friday.
Canada sees only mid-tier data looking forward.
CAD set to end a second week down against the…
USD/CHF gains momentum as bears take a breather, pair inch towards 0.8830
USD/CHF inches higher to 0.8830 after two sessions of losses.
US PCE figures take a mixed turn, PCE dips to 2.5% YoY.
Dovish bets on the Federal Reserve…