GBP/USD Price Forecast: Weakens below 1.3350, maintains downside bias below 100-day SMA
Fx Pairs, GBP, Market Analysis, Technical Analysis
GBP/USD Price Forecast: Weakens below 1.3350, maintains downside bias below 100-day SMA
The GBP/USD pair trades in negative territory around 1.3320 during the early European trading hours on Thursday. The British Pound (GBP) weakens against the US Dollar (USD) following the UK Budget. The US September Personal Consumption Expenditures (PCE) inflation report will be the highlight later on Thursday. The United Kingdom (UK) set out a target […]
by Currency Hedger
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- 2 days ago
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Weakens to $100.50 as bullish bias persists amid Middle East jitters
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – slides to mid-100.00s during the Asian session on Thursday, though the downside potential seems limited amid uncertainties surrounding the Middle East crisis. In the latest developments, regional mediators led by Qatar are working to restart US-Iran negotiations to prevent the resumption of the […]
by Currency Hedger
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- 2 days ago
Market Analysis, Technical Analysis, USD
US Dollar Index Holds Above 102 as Oil Inflation Risks and Geopolitical Tensions Support the Greenback
The US Dollar Index (DXY) remains above the 102.00 level, holding near a two-week high as inflation concerns, geopolitical uncertainty and expectations surrounding Federal Reserve policy continue to support demand for the US dollar. Despite attracting some dip-buying during the Asian session, the index has struggled to extend its latest advance, with traders awaiting key […]
by Currency Hedger
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- 2 days ago
Market Analysis, Metals, Technical Analysis
Gold drifts lower as Fed rate hike bets and Middle East tensions boost USD
Gold (XAU/USD) comes under some renewed selling pressure on Thursday, sliding back below $4,050 during the Asian session and snapping a three-day winning streak to the weekly top, touched the previous day. The US Dollar (USD) regains positive traction following Wednesday’s post-FOMC corrective slide from a two-week high and turns out to be a key […]
by Currency Hedger
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- 2 days ago
Metals
XAG/USD slips below $53.50 amid Fed outlook uncertainty
Silver price (XAG/USD) extends its losses for the second successive day, trading around $53.30 per troy ounce during Asian hours on Thursday. Silver remains anchored near one-year lows following the US Federal Reserve’s decision to hold interest rates steady, as market participants had widely anticipated. The precious metal continues to face downward pressure as the […]
by Currency Hedger
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- 2 days ago
AUD, Market Analysis, Technical Analysis
Australian Dollar edges higher above 0.7050 as hot CPI lifts RBA rate hike odds
The AUD/USD pair gathers strength to near 0.7055 during the Asian trading hours on Thursday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) as hotter inflation data bolsters expectations of Reserve Bank of Australia (RBA) rate hikes. The US September Personal Consumption Expenditures (PCE) inflation report will be in the spotlight later […]
by Currency Hedger
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- 2 days ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Trades around 176.00 near nine-day EMA
EUR/JPY inches lower after registering modest gains in the previous day, trading around 175.90 during Asian hours on Thursday. Based on the technical analysis of the daily chart’s descending channel pattern, the currency cross maintains a clear bearish bias. The EUR/JPY cross is maintaining a bearish near-term bias as it holds below both the nine- […]
by Currency Hedger
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- 2 days ago
Market Analysis, NZD
New Zealand Dollar remains depressed as USD bulls look to crucial data amid Fed hike bets
The NZD/USD pair attracts some sellers following a modest Asian session uptick to the 0.5635-0.5640 region on Thursday, stalling the previous day’s bounce from a two-week low, touched after the Reserve Bank of New Zealand (RBNZ) policy update. Spot prices currently trade around the 0.5620 area and seem vulnerable amid a goodish pickup in US […]
by Currency Hedger
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- 2 days ago
EUR, Market Analysis, Technical Analysis
EUR/USD Price Forecast: Bears await 1.1115-1.1110 support break as focus remains on ECB
The EUR/USD pair meets with fresh supply during the Asian session on Thursday, stalling the previous day’s modest recovery from the 1.1110 area, or its lowest level since May 2025 amid the emergence of some US Dollar (USD) buying. Spot prices, however, lack follow-through as traders opt to wait on the sidelines ahead of the […]
by Currency Hedger
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- 2 days ago
CHF, Market Analysis
Swiss Franc remains calm as US Dollar steadies on Fed outlook uncertainty
USD/CHF holds gains after paring daily gains, trading around 0.8280 during Asian hours on Thursday. The US Dollar (USD) lost recent gains after the Federal Reserve (Fed) kept interest rates unchanged as widely expected, while providing limited clarity on its next policy move. The Fed held rates steady at 3.75%–4.00% and noted that economic activity […]
by Currency Hedger
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- 2 days ago