The Swiss Franc (CHF) has given back previous daily gains against the US Dollar (USD) in a calm trading session on Thursday, as the USD/CHF pair returned above 0.8100, although it remains halfway through the weekly trading range.
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Gold Fed rate hike bets have been the single biggest weight on the metal all year, and over one week in August that weight came off. US payrolls fell by 23,000 in July when the market was looking for a gain of about 80,000, and consumer price inflation then slowed to 3.4%. The implied odds […]
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The Euro (EUR) trades in a tight range at around 1.1640 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair consolidates as investors await the European Central Bank’s (ECB) monetary policy decision, which will be announced at 12:15 GMT.
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UOB’s Quek Ser Leang and Lee Sue Ann keep a neutral view on GBP/USD around 1.3545, noting recent sideways trade between 1.3531 and 1.3567. They now see a tighter 1.3495–1.3590 range as sufficient to contain price action.
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Will the ECB follow the US Treasury’s lead? The Treasury’s announcement of a $6 billion Treasury buyback disappointed the bond market and triggered a pullback in the EUR/USD. Now, attention turns to the European Central Bank. Let’s examine the situation and develop a trading plan. Major Takeaways The US Treasury failed to stop yields from climbing to multi-year highs. The ECB is expected to raise its deposit rate. The EU made a costly mistake by postponing its gas purchases. Short trades can be opened below 1.162. Daily Euro Fundamental Forecast Some call it asymmetric information; others call it a bluff. For… Read full author’s opinion and review in blog of #LiteFinance
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The Indian Rupee (INR) extends its losing run against the US Dollar (USD) for the third trading day on Thursday. The USD/INR pair posts a fresh 10-day high at 95.31 as the ongoing rally in oil prices continues to batter the Indian currency.
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Welcome, my fellow traders! I have prepared a price forecast for US Crude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Gold continues to trade in a short-term downtrend. Major Takeaways USCrude: Oil faced resistance at the Target Zone 2 of 94.49–93.68. XAUUSD: Gold maintains a bearish bias. EURUSD: The euro is rising and is attempting to break above the 1.1642 level. Oil Price Forecast for Today: USCrude Analysis Yesterday, the oil price continued to rise, reaching the Target Zone 2 of 94.49–93.68…. Read full author’s opinion and review in blog of #LiteFinance
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Brent crude tested the $102/b July top which matches the highest level since end May. European gas prices pierced €80/MWh for the first time since Jan 2nd 2023. UK and European yield curves extended their recent bear flattening moves.
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The GBP/JPY cross gains some positive traction on Thursday and moves away from the year-to-date low, around the 207.00 neighborhood, touched earlier this week. Spot prices stick to modest gains above the 208.00 mark through the early European session, though the uptick lacks bullish conviction.
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Gold prices rose in United Arab Emirates on Thursday, according to data compiled by FXStreet.
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Currencies look mixed. The Dollar Index looks bearish while Euro could continue to rise towards 1.17. USDCNY, USDJPY and EURJPY looks bearish while EURINR can rise towards 112 in the coming days. Aussie and Pound look bullish for the near term. USDINR rose to close above 95 yesterday.
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Gold prices rose in Pakistan on Thursday, according to data compiled by FXStreet.
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