Get Ready for Next Week’s GBP/AUD Exchange Rate Forecast: UK GDP, Aussie PMI, and Retail Sales in Focus! Introduction As we head into the upcoming week, all eyes are on the GBP/AUD exchange rate. Currently, the GBP/AUD is trading at around AU$1.9424, holding steady from the previous session. The Australian
Breaking Down the EUR/USD Forecast: What to Expect as German Consumer Inflation Data Looms The Current State of the EUR/USD Pair The EUR/USD pair struggles to capitalize on Friday’s modest rebound from the 1.1125-1.1120 support area and kicks off the new week on a subdued note. Spot prices currently trade
USD/CAD: The Battle for Direction Above 1.3500 Continues Introduction The USD/CAD pair kicks off the new week on a subdued note and oscillates in a narrow band, above the 1.3500 psychological mark through the Asian session. The mixed fundamental backdrop, meanwhile, warrants some caution before positioning for a firm near-term
Golden Opportunities: Market Optimism Keeps Gold Prices in Check, But Bullish Potential Remains Strong Introduction Gold price (XAU/USD) kicks off the new week on a softer note, albeit it remains confined in a multi-day-old range and within striking distance of the all-time peak touched last Thursday. Israel intensified the war
Breaking Down the Latest GBP/USD Forecast: A Look into the Q4 Open on 9/28/2024 The British Pound Surges The British Pound has been on a steady rise, marking a second weekly advance as the September opening-range breakout extended to fresh yearly highs. Investors have been closely watching the currency pair,
Unlocking the Potential: Why USD/JPY May See a Downward Shift Unless US Unemployment Takes a Turn The Changing Landscape of USD/JPY Last Friday marked a significant shift in the outlook for the USD/JPY as a new Japanese Prime Minister took office and a soft US core PCE inflation report was
Unlocking the Secrets of USD/JPY: A Fundamental Analysis Driven by Japanese Factors with a Bullish Target of 142.00 The Japanese yen strengthened against the dollar The recent strengthening of the Japanese yen against the US dollar has caught the attention of many investors and traders in the forex market. This
Unleashing the Potential: A Look into the GBP/USD Forecast for Friday, September 27, 2024 Description Today the GBP/USD was finding itself a touch lower on the session but still on course to potentially close higher for the third consecutive month, barring a sharp drop in the next two trading sessions
Unlocking the Secrets of EUR/USD: A Market Shift Towards Recovery The Stable Week for EUR/USD EUR/USD concluded a stable week, trading around the 1.1170 mark, despite earlier momentum favoring the US dollar. Earlier in the week, the dollar surged—its fastest pace since early June—as markets anticipated insights from key Federal
Breaking News: Pound to Dollar Exchange Rate Forecasted to Rise 1.26 in 12 Months – Updated for 2024! The Current State of Pound to Dollar Exchange Rate The Pound to Dollar (GBP/USD) exchange rate has recently strengthened, reaching 31-month highs at 1.34. This increase is a result of a combination
Uncovering the EUR/USD and DXY Outlook for July 2023: Navigating Resistance and Support Introduction Following today’s US Core PCE data, next week’s ISM manufacturing and services PMIs are expected to inject volatility into the markets ahead of Friday’s non-farm payrolls. The ISM Manufacturing PMI has been consistently underperforming since May,
EUR/GBP on the Rise: ECB Officials in Focus as Pair Approaches 0.8350 Mark Description EUR/GBP retraces its recent losses from the previous session, trading around 0.8340 during Friday’s Asian hours. However, further gains may be limited, as the Euro’s performance against major currencies remains weak amid increasing speculation that the
Gold Price Holds Steady Below All-Time High as Investors Anticipate US PCE Price Index Record-breaking Run The gold price (XAU/USD) continued its impressive rally on Thursday, marking the fifth consecutive day of gains. This surge comes as the US Dollar (USD) weakened, leading to increased demand for the safe-haven asset.
USD/JPY Soars to 3-Week High Following Tokyo Inflation Data: What You Need to Know! Description USD/JPY has popped well above its Thursday high, to a 3-week high around 145.50 and change. We had data earlier from Japan which showed Tokyo area September inflation data with a headline of 2.2% year
Unlocking the Secrets of Gold: Why This Precious Metal is Ready for a Much-Needed Correction Introduction Today’s release of mostly stronger US data, including the weekly jobless claims, helped to provide some support for the US dollar and unwind some of the sharp moves we saw in the FX and
Shining Bright: Silver Soars to a New High for 2024! Silver Breaks to a 12-Year High On Thursday, Silver (XAG/USD) reached a new high for 2024 and a 12-year high overall following an announcement by Chinese authorities. The People’s Bank of China (PBoC) unveiled an additional 1 trillion CNY of
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