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InvestingLive

Stocks are pressured pre-open. Explosions heard in Dubai, but situation is now safe

Markets reacted sharply to reports of potential missile threats in the UAE and explosions in Dubai, though authorities later confirmed the situation is secure. Oil prices initially spiked to $70.57, aligning with the 200...

FXStreet

US Dollar: Choppy rates as markets digest PCE – TD Securities

TD Securities strategists observed mixed market reactions following the release of U.S. Personal Consumption Expenditures (PCE) Price Index data. Weaker headline PCE data initially led to a steepening of the U.S. yield c...

FXStreet

British Pound picks up above 1.3200 with the YTD lows of 1.3140 close by

The British Pound (GBP) rose against the US Dollar (USD) for the second consecutive day, trading above 1.3200 as the USD rally weakened. Oil prices rebounding to pre-war levels contributed to the Pound's strength, with G...

FXStreet

Reserve Bank of Australia: Gradual cooling supports steady policy – UOB

The Reserve Bank of Australia (RBA) is likely to maintain a steady policy stance amid mixed labor market signals. UOB analyst Lee Sue Ann highlighted that May's employment data showed a rebound in headline job gains but...

FXStreet

Gold holds above $4,000 as US PCE data cools near-term Fed rate-hike bets

Gold prices (XAU/USD) held steady above $4,000 on Friday as the U.S. Dollar weakened and Treasury yields declined following the release of the latest U.S. Personal Consumption Expenditures (PCE) inflation data. The repor...

ActionForex

USD/CHF Daily Outlook

The USD/CHF pair is currently exhibiting a neutral intraday bias as it consolidates below the temporary high of 0.8139. Technical analysis suggests that as long as the 0.8012 level—previously resistance but now acting as...

ActionForex

Gold – Bears Pause at Significant $4000 Support

Gold prices edged higher on Friday as sellers failed to breach the critical $4000 psychological support level for the first time since July. The metal remains under pressure from a stronger U.S. dollar, driven by heighte...

ActionForex

USD/CAD Daily Outlook

The USD/CAD pair is currently showing a neutral intraday bias as it consolidates below the temporary high of 1.4247. Key support is identified at 1.3965 (previous resistance), which could trigger a rally if the price rem...

CoinDesk

Bitcoin bounces from $58,000 as derivatives signal more pain in the pipeline

Bitcoin (BTC) briefly touched $58,000, its lowest level since September 2024, before rebounding to $59,770. Ethereum (ETH) continued its downward trend, while over $1 billion in crypto futures positions were liquidated d...

FXStreet

Japanese Yen: 162 seen as new intervention line against US Dollar – ING

ING's Francesco Pesole highlights that the USD/JPY pair's approach to 162.0 has triggered speculation about potential Japanese central bank intervention, leading to a sharp intraday decline. The level is now viewed as a...

FXStreet

Gold Price Forecast: XAU/USD holds immediate support below $4,000 as US Dollar corrects

Gold price (XAU/USD) rose 0.6% to $4,050 during European trading on Friday, rebounding from a two-day support level near $3,960. The rally follows a broader US Dollar correction, which has weakened the dollar's dominance...

FXStreet

South Korean Won bounces from lows at 1,550 USD in a suspected intervention

The South Korean Won (KRW) showed a rebound against the US Dollar (USD) after hitting a low of 1,550, sparking speculation about a potential intervention by the South Korean Ministry of Finance. The bounce occurred as th...

FXStreet

Gold: Debasement trade over as prices slide – Societe Generale

Societe Generale analysts note a significant reversal in gold prices, which have fallen 20% year-to-date and over 11% in the current month. This decline challenges the 'dollar debasement' narrative, where gold typically...

FXStreet

Japanese Yen: Bearish bias intact against US Dollar – UOB

United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann maintain a bullish outlook on the USD/JPY pair, highlighting that the currency has remained above critical support at 161.10 and is currently trading nea...

ActionForex

The Crypto Market Has Tested the $2T Mark

The cryptocurrency market has fluctuated around the $2 trillion valuation, dropping to $2.02 trillion before rebounding to $2.06 trillion as European trading sessions began. This volatility followed a sharp decline in st...

FXStreet

Indian Rupee: Rangebound performance with debt inflows – Societe Generale

Societe Generale analysts observed that the Indian Rupee (INR) remained rangebound during the week, showing minimal movement against the US Dollar despite outperforming regional currencies. This resilience was attributed...

FXStreet

Euro: Seen holding 1.1300 against US Dollar before recovery – ING

ING analyst Francesco Pesole notes that the EUR/USD pair is currently stabilizing around the 1.1350–1.1400 range, with Eurozone-specific factors playing a secondary role in the near term. The key focus remains on the 1.1...

FXStreet

WTI Oil struggles below $70 amid expectations of higher Middle East supply

Crude Oil prices edged lower on Friday, with the US benchmark West Texas Intermediate (WTI) trading at $69.65, marking its lowest level since February 27. This decline follows the US-Israel joint attack on Iran, which ha...

ActionForex

EUR/CHF Bounces as Lower Eurozone Inflation Expectations Fail to Derail ECB’s September Hike

The EUR/CHF pair rebounded after briefly hitting 0.9196 as the latest ECB Consumer Expectations Survey showed mixed signals. While households in the eurozone expressed reduced inflation concerns for the coming year, the...

FXStreet

US Dollar: Strength extends as growth holds – Commerzbank

Commerzbank analyst Volkmar Baur highlights that the US dollar's strength persists despite falling oil prices and reduced inflation expectations. Markets currently price in at least one additional Federal Reserve rate hi...