EUR/GBP holds firm as ECB decision contrasts with UK economic challenges
EUR/GBP holds firm as ECB decision contrasts with UK economic challenges
EUR/GBP holds firm as ECB decision contrasts with UK economic challenges
EUR/USD steadies as ECB keeps rates unchanged, Lagarde presser eyed
Gold bounced slightly early Thursday but continues to struggle around the $4,000 level after a major sell-off. Consolidation seems likely between $3,800 and $4,200, with downside risk prevailing unless $4,200 is decisively broken.
Silver traded noisily on Thursday, finding support near $47. The market appears to be consolidating between $47 and $50, though momentum seems overextended.
The US dollar strengthened on Thursday as the euro and pound both struggled despite brief rallies. The EUR/USD remains range-bound between 1.1550 and 1.17, while GBP/USD stays weak below its 200-day EMA.
EUR/JPY holds near record highs as Yen weakens after BoJ; ECB decision eyed
The silver market steadies above the 50-day average. With Fed easing in focus, bulls target $50.02–$51.07.
Gold Price Forecast: XAU/USD consolidates losses below $4,000
The EUR/USD was trading around 1.16 handle ahead of the ECB rate decision, bouncing back a tad following the Fed's slightly hawkish press conference yesterday where Powell made it clear that another cut isn't guaranteed. But risp appetite remains largely supported even if European markets pulled back a little this morning ahead of the European Central Bank rate decision shortly.
As an Englishman, I can say that the collective feeling amongst the British public regarding the UK economy currently leaves much to be desired.
Gold steadies as Fed caution tempers rate-cut hopes, Trump-Xi truce lifts sentiment
USD/CHF gains as Fed signals slower easing, US-China trade relations improve
Pound Sterling Price News and Forecast: GBP/USD finds a floor at 1.3200 after Fed-induced sell-off
USD/CAD steadies below 200-day MA after BOC hawkish cut – BBH
NZD/USD nears resistance at 0.5800 amid firmer tone – BBH
USD/JPY soars to near 154.00 as Japanese Yen plunges after BoJ's policy announcement
EUR/USD rebounds above 1.1600 after Fed-driven dip – BBH
USD/CNH might drop below 7.0860 – UOB Group
USD/JPY jumps to 153.90 as BOJ holds rates steady – BBH
NZD/USD appears to have entered a 0.5750/0.5790 sideways-trading phase – UOB Group
NZD/USD Price Forecast: Under growing pressure, nears support at 0.5750
EUR/GBP hits two-year high as Eurozone GDP surprises, Pound under pressure
AUD/USD gives up early gains as US Dollar rebounds after Trump-Xi meeting
Gold fell below the 3970 support yesterday and hit the target and support of 3915 today. So far, this support still holds which could give the chance for an advance towards the 4050 resistance.
USDJPY managed for the second time to test the resistance of 153.25 to push for a correction where the market printed a low around 151.52, before market rebounded again toward 153.25. As we see from the Intraday chart, the market is still facing the chance for a trading zone between support 151.05-40 and resistance 154.00-20.
As we see from our previous chart, the market hit the target and support yesterday at 1.3140, which managed to push for a rebound towards 1.3218 so far. If prices hold above 1.3140, a further rebound will be expected with resistance at 1.3250 and 1.3290.
As we see over our previous chart, the Euro seems to be building a Triangle formation at support 1.1545, as resistance at 1.1700 has the chance for a trading zone. Above 1.1700 more advance could hit the market with resistance at 1.1780-1.1820.
Amid continued uncertainty surrounding the U.S. government shutdown, weakness in the labor market, and tariff-induced inflation risks, Powell's remarks during yesterday's FOMC meeting, following the 25 bps rate cut decision, reinforced a cautious stance on a potential rate cut in December, keeping the U.S. Dollar Index (DXY) on a bullish footing. This pressured major currency pairs, including EURUSD and GBPUSD, to retest key support levels at 1.1570 and 1.3140, respectively.
Dip buyers tried for a run back above $4,000 yesterday only to fall short but in trading today, they are once again showing some appetite as we get into European trading. The difference now though is that we're seeing price action move up to test the 100-hour moving average (red line).
USD/CAD picks up to 1.3950 amid a firmer US Dollar
AUD/USD: Likely to trade between 0.6550 and 0.6605 – UOB Group
GBP/USD: Likely to consolidate between 1.3140 and 1.3245 – UOB Group
The GBP/USD pair is consolidating around the 1.3200 level on Thursday, following significant losses in the previous session. The pair is now trading near its lowest point since April 2025, with selling pressure intensifying after the Federal Reserve cut interest rates by 25 basis points.
EUR/USD picks up from lows as the focus turns to the ECB
EUR/JPY Price Forecast: Reaches record highs above 178.50 as bullish bias persists
EUR/USD: Likely to trade in a range between 1.1575 and 1.1635 – UOB Group
USD/CAD rebounds to near 1.3950 following Trump-Xi meeting
The Pound to Australian Dollar (GBP/AUD) exchange rate tumbled on Wednesday as UK fiscal fears combined with a hotter-than-expected Australian inflation print to drive sharp selling in Sterling. At the time of writing, GBP/AUD was trading around AU$2.0000, down roughly 0.7% on the day.
GBP/JPY jumps from lows and nears 203.00 on BoJ's dovishness
The Fed's 25bps rate cut to 4.00% steadied the U.S. dollar, while traders shift focus to ECB policy and Eurozone inflation data for fresh market direction.
When are the German/ Eurozone Q3 GDP and how could they affect EUR/USD?
Gold and silver steadied after the Fed's 25bps rate cut to 4.00%, as a softer dollar lifted safe-haven demand amid cautious global economic sentiment.
The Pound to Euro (GBP/EUR) exchange rate weakened on Wednesday as fiscal uncertainty ahead of the UK's Autumn Budget continued to weigh on Sterling sentiment. Latest — Exchange Rates:Pound to Euro (GBP/EUR): 1.13718 (-0.16%)Pound to Dollar (GBP/USD): 1.3197 (-0.61%)Euro to Dollar (EUR/USD): 1.1605 (-0.44%) DAILY RECAP: The Pound.
EUR/USD rises to near 1.1630 as US Dollar corrects after Trump-Xi meeting
Gold gains traction amid USD weakness and reviving safe-haven demand
USD/INR gains at open despite US Dollar faces pressure
Pound Sterling Price News and Forecast: GBP/USD attracts some buyers as the USD retreats
The Bank of Japan (BOJ) held rates steady in October, leaving key growth and inflation forecasts largely unchanged from three months earlier. That helped USD/JPY reverse higher for the session.
Silver Price Forecast: XAG/USD struggles near mid-$47.00s amid mixed technical signals
EUR/JPY surges above 177.50 following BoJ interest rate decision, ECB policy eyed
AUD/JPY attracts bids near 100.30 as BoJ holds interest rates steady at 0.5%
GBP/USD retakes 1.3200 amid softer USD; upside potential seems limited
AUD/USD climbs toward 0.6600 amid ongoing Trump-Xi meeting
Gold Price Forecast: XAU/USD holds gains near $3,950 ahead of Trump-Xi meeting
USD/CAD trades below mid-1.3900s as USD softens ahead of the Trump-Xi meeting
Gold is on track for a second consecutive weekly decline from its record high — its first such bearish sequence in more than four months. Prices have slipped below $4,000, but the question now is whether they can recover over the near term.
NZD/USD holds gains above 0.5750 ahead of Trump-Xi meeting
PBOC sets USD/CNY reference rate at 7.0864 vs. 7.0843 previous
GBP/USD resumes bearish ways as Fed rate cut bolsters Greenback
The Pound to US Dollar (GBP/USD) exchange rate extended losses on Wednesday after the Federal Reserve delivered a widely expected 25bps rate cut, while UK fiscal concerns continued to weigh on Sterling sentiment. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.3197 (-0.61%)Euro to Dollar (EUR/USD): 1.1605 (-0.44%)Dollar to Japanese.
The US dollar was the strongest major currency on Wednesday following the latest FOMC meeting. While the Fed delivered the expected 25bp rate cut and one member voted for a 50bp move, the dollar rallied during Jerome Powell's press conference when he said that “a further reduction in the policy rate at our December meeting is not a foregone conclusion — far from it.
EUR/USD tumbles as Powell delivers ‘hawkish cut,' dials back December easing bets
During the last trading session, the USD/JPY pair posted a steady gain of around 0.5%, favoring the U.S. dollar over the Japanese yen in the short term. For now, buying pressure has returned to the market following comments from the Federal Reserve, which indicated that a further rate cut later this year may not be fully confirmed.
The Canadian Dollar is on the back foot, with USD/CAD reversing sharply off the monthly lows after defending key support in the aftermath of the FOMC and BoC rate decisions. The rebound keeps the July uptrend intact, and the attention now turns to whether this recovery can gain traction into the close of the month.
After a meteoric run that saw gold rise 66% year-to-date and more than double in just 18 months, the metal was due a breather.
EUR/USD slides as Fed delivers rate cut, signals end of QT
GBP/USD dips following Fed rate cut and QE drawdown confirmation
Gold steadies near $4,000 as Fed delivers split 25 bps rate cut
GBP/CAD tumbles to August lows as BoC signals end of easing cycle
Gold steadies ahead of Fed decision as traders position for dovish outcome
Steep upleg from Oct 22 extends into sixth straight day, as sterling came under increased pressure from shift in monetary policy expectations which sees BoE rate cut as early as November (the MPC meets next week).
Cable hit three-month low on Wednesday, extending the steep bear-leg which emerged after strong upside rejection at daily cloud, into second consecutive week.
The American currency is losing some ground as traders wait for the key event of the week.
EUR/CAD declines as BoC signals end to rate cuts amid tariff concerns
Pound Sterling Price News and Forecast: GBP/USD dips under 200-day SMA as UK data and BoE rate cut odds weigh
USD/CAD falls to one-month low as BoC delivers “hawkish cut”
GBP/USD dips under 200-day SMA as UK data and BoE rate cut odds weigh
Gold prices are attempting to recover after last week's sharp selloff, with XAU/USD rallying nearly 3.7% off the weekly low ahead of the Federal Reserve rate decision later today. The pullback from record highs has paused for now, leaving the focus on whether this recovery marks the start of a broader rebound or simply a pause before the next leg lower.
Silver slide mirrors Gold as liquidity, not demand, drives moves – TDS
Central bank Gold buying slows sharply despite higher prices – TDS
Silver rallies with gold, but the $50.02–$51.07 zone may hold. Powell's tone after the Fed cut could decide the next leg.
AUD/USD pares gains ahead of Fed decision, Trump-Xi meeting
GBP/JPY under pressure near 200.00 as double-top pattern signals downside risk
EUR/CHF climbs to two-week high as risk-on sentiment weighs on Swiss Franc
Gold prices briefly dipped before rebounding above $4,000 ahead of the upcoming FOMC meeting. Market sentiment remains cautious, with traders watching for Federal Reserve signals that could determine whether gold extends higher or resumes its decline.
Silver prices rose ahead of the FOMC meeting, likely on short covering, with traders eyeing the $50 resistance level. Market reaction will hinge on the Fed's tone, with downside risks toward $42 or even $40 if the market turns bearish.
Currency markets are holding steady ahead of key central bank announcements, with traders cautious before the FOMC and ECB decisions. The euro remains rangebound near the 50-day EMA, the pound looks vulnerable below 1.3150, and EUR/GBP continues to trend higher toward 0.89, with pullbacks viewed as buying opportunities.
USD/CHF returns above 0.7970 with all eyes on the Fed
Risk appetite remained firm heading into a busy 48 hour period for markets, where major central banks decide on interest rates, technology companies will report their quarterly results, and more to the point, Trump will meet Xi Jinping in a meeting expected to last three hours. Ahead of the Trump-Xi summit, warm words were shared by Trump who said that things will work out very well with the Chinese premier, adding that he plans to ease tariffs on Chinese goods tied to fentanyl dispute.
Gold gains traction above $4,000 with Fed interest rate decision in focus
Markets continue to gear towards the major events this week, with the first one up later today in the form of the FOMC meeting. Just before that though, there will be the Bank of Canada announcing their own policy decision with a 25 bps rate cut expected.
Gold resumed a rebound just a head of Fed Rate cut decision. As we see over the Intraday chart, the market is facing a support zone at 3970-80, while resistance at 4050 could create a trading zone.
USDJPY managed for the second time to test the resistance of 153.25 to push for a correction where the market printed a low around 151.52. As we see from the Intraday chart, the market is still facing the chance for a trading zone between support 151.05-40 and resistance 154.00-20.
GBPUSD managed to sustain the downtrend pressure as prices pushed below the support of 1.3250. As long as the market remains below 1.3290, the drop pressure could continue.
Euro seems to be building a Triangle formation at supports at 1.1600 and 1.1545, as resistance at 1.1700 has the chance for a trading zone. Above 1.1700 more advance could hit the market with resistance at 1.1780-1.1820.
USD/JPY remains capped below 152.50 ahead of Fed and BoJ decisions
USD/CAD edges lower to near 1.3940 ahead of Fed-BoC monetary policies
Silver gains on safe-haven demand, Fed rate cut expectations
USD/CNH: Continued decline below 7.0860 is unlikely – UOB Group
USD/JPY might drop further to 151.30 – UOB Group