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Gold eyes weekly gain, but hawkish Fed outlook limits upside

Gold (XAU/USD) struggles to move above the $4,400 level on Friday as the Federal Reserve’s (Fed) hawkish policy outlook keeps the US Dollar (USD) firmly bid. Still, the metal is on track for its first weekly gain in thr…

Finance

British Pound: Downside risk extends toward 1.3300 – UOB

United Overseas Bank’s (UOB) Quek Ser Leang highlights that GBP/USD remains under pressure after four consecutive daily declines, though short-term momentum has not intensified. Intraday, the British Pound (GBP) is expe…

Finance

Japanese Yen: Dovish BoJ hike keeps Yen vulnerable – ING

ING’s Frantisek Taborsky reports that the Bank of Japan delivered a 25bp hike to 1.25% in a split decision, acknowledging persistent inflation risks but with notable dissent. The Yen weakened after the dovish statement,…

Finance

FX Outlook: Bank of Japan Plays Catch-Up with the Fed

Based on today’s trading level, EUR/USD would gain 13.5% this year if we are to close at around today’s level, the biggest annual increase since 2017 – coincidentally also the first year of Trump’s first term in office.…

Finance

WTI drops as Middle East supply fears ease

West Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $96.40 per barrel during the Asian hours on Friday. Crude oil prices have declined as concerns over Middle East supply…

Finance

EUR/USD Rebound Hinges on Treasury Yields Staying Below 5%

Will Surging Yen Futures Unravel Global Carry Trades?Macroeconomics and Evolving Market Dynamics The Bank of Japan aggressively normalizes monetary policy. Policy rates now reach 1.00 percent after years of sub-zero lev…

Finance

EUR/JPY Price Forecast: Spinning tops warn bulls near 180.00

The EUR/JPY drops by about 0.08% on Thursday, forming back-to-back spinning tops near the 180.00 area, the top of a consolidation range capped to the downside by 178.00. At the time of writing, the cross-pair trades at …

Finance

Forex Today: US Dollar eases ahead of Bank of Japan decision

The US Dollar (USD) is ending Thursday softer. The US Dollar Index (DXY) hovers just above the 100.00 mark after climbing to a seven-week high earlier in the week. The sideways action follows Wednesday's decision by the…

Finance

USD/CHF Price Forecast: RSI nears overbought territory

USD/CHF trades slightly lower on Thursday as the Swiss Franc (CHF) regains some ground after falling for six straight days. The pullback comes as US Dollar (USD) buyers take a breather following the sharp rally triggere…

Finance

Australian Dollar rebound offsets the hawkish Fed hike

AUD/USD rebounds near the 0.7110s area on Thursday after the pair spent recent sessions nursing losses on bets for a hawkish Federal Reserve (Fed). At the time of writing, the pair rises by over 0.40%, but the rebound h…

Finance

British Pound loses its footing as BoE hold meets Fed hike

The Pound Sterling (GBP) extends its losses on Thursday after the Bank of England's (BoE) decision to hold rates unchanged in a 6-3 vote, while leaving the door open for a potential hike. This, along with Wednesday Fede…