Gold Price – XAU/USD recovery, likely to be challenged around $4,470
Metals, Technical Analysis
Gold Price – XAU/USD recovery, likely to be challenged around $4,470
Gold (XAU/USD) is trading higher on Thursday, returning to levels above $4.400 after bouncing from three-week lows near $4,280 on Wednesday. The precious metal is drawing support from a weaker USD, as ADP employment data disappointed and New York Federal Reserve (Fed) President John Williams tamed rate hike expectations, but Fed tightening bets remain solid, and […]
by Currency Hedger
- 0 Comments
- 1 month ago
EUR, GBP, Technical Analysis
EUR/GBP at two-month highs following Services PMIs
The Euro (EUR) extends gains against a weaker British Pound (GBP) for the fourth consecutive day on Thursday, following downward revisions of both the Eurozone and UK Services Purchasing Managers’ Index (PMI) figures. The EUR/GBP pair maintains its bid tone, with bulls targeting a previous support area a few pips above 0.8600 after rallying nearly 0.5% so far this week. Eurozone […]
by Currency Hedger
- 0 Comments
- 1 month ago
Institutional, Societe Generale
Swiss Franc: Swiss data supports dip-buying case – Societe Generale
Societe Generale strategists note Swiss August Consumer Price Index (CPI) and second-quarter Gross Domestic Product (GDP) surprised to the upside, triggering profit-taking in EUR/CHF and USD/CHF but leaving Swiss National Bank (SNB) policy expectations unchanged. They point out that wider G10/SNB rate differentials and low FX volatility may encourage EUR/CHF dip-buying, while warning that renewed […]
by Currency Hedger
- 0 Comments
- 1 month ago
Energies
Oil Prices Swing
Crude oil prices remained volatile on Thursday, swinging around $91 a barrel and trading near their highest levels in more than a month as investors continued to monitor the situation in the Middle East, including the evolving strikes and their impact on oil supplies through Hormuz. Hostilities resumed earlier this week for the first time […]
by Currency Hedger
- 0 Comments
- 1 month ago
Institutional, MUFG
Canadian Dollar: BoC inflation focus and valuation divergence – MUFG
Derek Halpenny at MUFG notes the Canadian Dollar’s (CAD) immediate advance after the Bank of Canada left rates unchanged at 2.25% but signalled greater concern over inflation. Communications hinted at a possible earlier hike, yet MUFG doubts a sustained CAD rebound, citing short‑term valuation models that suggest USD/CAD should trade higher, with Oil and Middle East risks […]
by Currency Hedger
- 0 Comments
- 1 month ago
CommerzBank, Institutional
Polish Zloty: NBP language turns cautious after FX pressure – Commerzbank
Commerzbank’s Tatha Ghose notes that NBP Governor Adam Glapinski used G20 remarks to shift towards a more neutral, flexible stance, avoiding earlier dovish hints of imminent rate cuts. With August CPI surprising hawkishly and the Zloty underperforming CE3 peers, the bank is seen on the back foot. Ghose expects unchanged rates on 9 September but […]
by Currency Hedger
- 0 Comments
- 1 month ago
JPY, USD
Japanese Yen strengthens following hawkish BoJ comments
USD/JPY extends its losses for the second consecutive day, trading around 156.80 during the European hours on Thursday. Yen jump revives talk of fresh Japan intervention Analysts at ING highlight that the “near 1% fall in USD/JPY over a couple of minutes yesterday afternoon, and another slide overnight, sparked talk of another round of intervention,” […]
by Currency Hedger
- 0 Comments
- 1 month ago
Institutional, UOB
Australian Dollar: Pullback eases with upside focus on 0.7200 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report AUD/USD dipped to 0.7122 before a strong rebound to 0.7176, leaving intraday price action in a 0.7140–0.7180 range. Downward momentum is fading and a break above 0.7190 would confirm 0.7120 is out of reach. On a 1–3 month horizon, the pair is seen poised to […]
by Currency Hedger
- 0 Comments
- 1 month ago
INR, Technical Analysis, USD
Indian Rupee gets supercharged by strong inflows through FCNR deposits
The Indian Rupee (INR) opens strongly against the US Dollar (USD) on Thursday, extending the rally to near 94.28. The Indian currency gains significantly as a juggernaut mobilisation of foreign exchange in India through the Reserve Bank of India’s (RBI) Foreign Currency Non-Resident (FCNR) (B) deposits window has increased FX reserves. According to a Reuters […]
by Currency Hedger
- 0 Comments
- 1 month ago
ING, Institutional
Japanese Yen: Intervention jitters linger – ING
Chris Turner at ING notes that a near 1% drop in USD/JPY within minutes, followed by another slide, sparked talk of renewed Japanese intervention after the Bank of Japan’s earlier $96 billion sales. Authorities appear satisfied with price action, but Turner says a likely Fed hike in mid-September should keep USD/JPY supported unless the Bank […]
by Currency Hedger
- 0 Comments
- 1 month ago