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Gold moves away from multi‑month top as Fed rate fears and Middle East jitters support USD
Metals, Technical Analysis
Gold moves away from multi‑month top as Fed rate fears and Middle East jitters support USD
Gold (XAU/USD) faces rejection ahead of the $4,700 mark on Tuesday and witnessed an intraday turnaround from its highest level since May 14, touched during the Asian session. Despite tamer July US inflation data, traders are still pricing in around a 75% chance that the US central bank will raise borrowing costs by the end […]
by Currency Hedger
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- 3 weeks ago
Currency Talk, NZD, USD
New Zealand Dollar gains as high inflation fuels odds of RBNZ September rate hikes
NZD/USD gains ground after registering modest losses in the previous day, trading around 0.5960 during the Asian hours on Tuesday. The pair appreciates as the New Zealand Dollar (NZD) receives support on expectations that the Reserve Bank of New Zealand will raise interest rates again in September, as inflation remains elevated. RBNZ tightening path seen as firmly […]
by Currency Hedger
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- 3 weeks ago
GBP, Technical Analysis, USD
GBP holds range below mid-1.3600s as USD firms amid Fed risks and Iran tensions
The GBP/USD pair extends its sideways consolidative price move for the second straight day and trades around the 1.3630 area during the Asian session on Tuesday. The US Dollar (USD) is looking to build on its modest recovery from the lowest level since May 14 and is acting as a headwind for the currency pair. […]
by Currency Hedger
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- 3 weeks ago
Metals
XAG/USD corrects below $68 in countdown to US PCE Inflation data
Silver price (XAG/USD) is down 1.6% to near $67.87 during the Asian trading session on Tuesday. The white metal is under pressure as investors turn cautious ahead of the United States (US) Personal Consumer Expenditure Price Index (PCE) data for July, which will be released on Wednesday. Investors will pay close attention to the US core […]
by Currency Hedger
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- 3 weeks ago
CAD, Currency Talk, Technical Analysis, USD
Canadian Dollar remains depressed as firmer USD and trade war counter higher oil price
The USD/CAD pair sticks to a positive bias for the second straight day and trades around mid-1.3800s during the Asian session on Tuesday. Spot prices, however, lack bullish conviction amid a combination of diverging forces, warranting caution before positioning for an extension of the recent recovery from a three-month low, touched last week. Inflation risks stemming from […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Currency Talk, EUR, JPY
EUR/JPY Price Forecast: Rises toward 186.00 after rebounding from ascending channel bottom
EUR/JPY appreciates after two days of gains, trading around 185.80 during the Asian hours on Tuesday. Technical analysis of the daily chart indicates the currency cross remains within the ascending channel pattern, signaling an ongoing bullish bias. The EUR/JPY cross is maintaining a bullish near-term tone as it holds above both the nine-day and 50-day […]
by Currency Hedger
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- 3 weeks ago
Commodities
Heating Oil Holds Losses
US heating oil futures traded around $4.28 per gallon, holding most of their losses from the previous session, as markets assessed intensified US economic pressure on Iran aimed at reopening the Strait of Hormuz. The Trump administration announced plans to impose secondary sanctions on entities facilitating Iran’s economy as part of a new campaign dubbed […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Commodities
Gasoline Holds Decline
US gasoline futures traded around $3.27 per gallon, holding onto their previous-session losses as investors weighed intensified US economic pressure on Iran. The Trump administration announced plans to impose secondary sanctions on entities facilitating Iran’s economy as part of a new campaign dubbed “Operation Economic Outcast.” Treasury Secretary Scott Bessent said the US was targeting […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Currency Talk, USD
Dollar Steadies as US Tightens Iran Sanctions
The dollar index steadied near 99 on Tuesday after gaining some ground in the previous session, supported by safe-haven demand as the US moved to cut Iran off from the global financial system, highlighting the greenback’s central role in international trade. Treasury Secretary Scott Bessent announced plans on Monday to isolate Iran through sanctions targeting […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Energies
European Natural Gas Holds Gain
European natural gas prices held above €68/MWh, the highest level since January 2023, as fresh US measures against Iran intensified concerns over further disruptions to energy supplies from the Persian Gulf. The US Treasury said expanded secondary sanctions would target Iran’s digital assets, technology, gold, aviation and shipping sectors. It also imposed new sanctions on […]
by Currency Hedger
- 0 Comments
- 3 weeks ago