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Tag: FX Street

USDCAD steadies at six-week lows, capped below 1.3300

The Dollar dives to fresh six-week lows at 1.3255. The CAD extends gains on higher oil prices and risk appetite. US consumer sentiment deteriorated beyond expectations in...

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Pound Sterling Price News and Forecast: GBP/USD appreciates further and reaches session highs near 1.1400

GBPUSD appreciates further and reaches session highs near 1.1400 The pound has continued appreciating during Friday’s US afternoon trading, buoyed by the broad-based USD weakness,...

Silver Price Analysis: XAG/USD thrashes resistance at $20.00 and approaches $21.00

Silver prices surge 7% to hit three-week highs near $21.00. The US dollar falls as US labor markets show signs of easing. XAGUSD has reached an...

GBPUSD to face downward pressure over the near-term – HSBC

GBPUSD dropped after a somewhat more dovish than expected BoE announcement. Cable is likely to face further downward pressure, given the cyclical divergence between...

AUD/USD bulls keep the reins beyond 0.6390 support amid risk-on mood, focus on Fed

AUD/USD picks up bids to renew intraday high, prints mild gains though. Headlines from China, mixed Aussie data join downbeat DXY to favor the pair...

USD/CAD back above 1.3600 after another rebound from 1.3500

USD/CAD about to end flat a volatile week. US dollar gains momentum on Friday despite risk appetite. Critical week ahead with FOMC and employment reports. The USD/CAD...

USD Index trims gains and slips back below 111.00

The index loses momentum just above 111.00 on Friday. US Core PCE rose less than expected 5.1% YoY in September. Final Michigan Consumer Sentiment print comes...

AUD/JPY drops to 94.40 as BOJ continues with ultra-loose monetary policy

AUD/JPY has eased its morning gains and has dropped to 94.40 on BOJ’s unchanged monetary policy. BOJ’s Kuroda has continued its ultra-dovish policy stance due...

USD/CNY: Yuan reverses excessive depreciation – Herald

The sharp rise in the yuan against the US dollar retraced some of the currency's excessive depreciation this week, helped by a fall in...

Gold Price Forecast: XAU/USD buyers stay hopeful whilst above $1,644 – Confluence Detector

Gold price has faltered on its previous rebound as the US dollar makes a comeback. Cooling aggressive Fed rate hike calls, China concerns and...

Pound Sterling Price News and Forecast: GBP/USD pulls back from one-week high

GBP/USD retreats towards 1.1250 as UK’s political optimism fades, economic woes unearth GBP/USD dribbles around 1.1280 as fears surrounding the UK’s economic conditions probe the...

GBP/JPY reverses pullback from 169.00 amid UK’s cautious optimism, fears of Japan meddling

GBP/JPY picks up bids to reverse early Asian session’s slump. Hopes from Rishi Sunak, Japan policymakers’ resistance keep buyers hopeful. Softer yields, indecision over Tokyo’s market...

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