Gold vulnerable near weekly low as Middle East risks reaffirm Fed rate hike bets
Gold prices are trading near their weekly low on Tuesday, struggling to find support as escalating tensions in the Middle East reinforce market
Forex News
Forex News
Indonesian Rupiah Sinks to Record Lows as Global Risk Aversion Intensifies
The Indonesian rupiah has fallen to unprecedented levels against the US dollar, breaching the psychological barrier of 16,500 per dollar in early trading
Forex News
Japanese Yen Rebounds From Lows as Japan PM Takaichi Warns of Intervention
The Japanese Yen staged a modest recovery from its intraday lows on Tuesday, following verbal intervention warnings from Japan’s Prime Minister, Shigeru Takaichi.
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Swiss Franc Faces Debasement Unwind, ING Sees Further Losses Against US Dollar
Analysts at ING have issued a bearish outlook for the Swiss Franc (CHF), suggesting that a long-term trend of currency debasement is beginning
Forex News
Strong US Labor Data Complicates Fed Rate-Cut Bets, MUFG Warns
A stronger-than-expected US labor market report is challenging the prevailing narrative that the Federal Reserve will cut interest rates anytime soon, according to
Forex News
USD/CAD Holds Near 1.3850 as Bullish Dollar Offsets Rising Oil Prices
The USD/CAD currency pair is trading firmly near the 1.3850 level, holding onto recent gains as a broadly stronger US dollar continues to
Forex News
Euro Faces Renewed Selling Pressure as US-Iran Tensions Escalate
The euro came under renewed selling pressure on Wednesday as escalating tensions between the United States and Iran prompted investors to rotate into
Forex News
GBP/USD Price Forecast: 20-Day EMA Continues to Cap Upside as Resistance Holds
The British pound continues to face technical headwinds against the U.S. dollar, with the 20-day exponential moving average (EMA) maintaining its role as
Forex News
Danske Bank: Strong Macro Data and Earnings Challenge Bearish Equity Outlook
Danske Bank strategists have issued a note arguing that the current macroeconomic landscape and a robust corporate earnings season are presenting significant challenges
Forex News
AUD/JPY Dips Below 114.50 After Weak Australian GDP, But Bullish Trend Holds
The AUD/JPY pair softened below the 114.50 mark during Wednesday’s Asian session following the release of weaker-than-expected Australian Gross Domestic Product (GDP) data.
