Browsing: Forex
USD/CAD expected to drop to 1.41 as BoC rate cut and potential U.S. tariff easing influence market sentiment. Read expert insights from Danske Bank.
USD/JPY is set to trade within a 147.60-148.90 range, with broader movement expected between 146.50 and 149.50, say UOB analysts.
The EUR/USD pair remains near 1.09, supported by a weaker-than-expected U.S. inflation report for February. The Consumer Price Index (CPI)…
Gold prices surge toward $2,955 as inflation cools and trade tensions rise. Analysts predict a move to $3,000. Will gold break higher? Key levels and insights inside.
The sustained strength of the US dollar (USD), stemming from fewer wagers that the US Federal Reserve (Fed) will need to be as aggressive at cutting interest rates as previously believed, causes the GBP/USD to inch down into the 1.3040s on Tuesday.
The USD/JPY pair continues to hold steady above the 148.25 level, which aligns with the pivot point and serves as a critical support zone.
EUR/USD plunged below the critical 1.1000 level on Friday following a stronger-than-expected US Nonfarm Payrolls (NFP) report for September. .
The GBP/USD is trading relatively flat around $1.3165 during the early European session on Friday, holding above the $1.3100 psychological level.
The USD/JPY currency pair experienced a notable surge during the European trading session, rising to 143.55, reflecting a 0.90% increase for the day. This upward movement is largely driven by the US Dollar’s (USD) rebound, following the Federal Reserve’s (Fed) major interest rate cut.
Gold (XAU/USD) continues its bullish streak, currently trading at $2,587.97 with a 0.11% increase on the day. The market is closely watching key data releases, including U.S. unemployment claims and existing home sales, which could further influence gold’s trajectory in the short term.
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