Pound Sterling Price News & Forecast: GBP/USD trades on a flat note around 1.3450
Pound Sterling Price News & Forecast: GBP/USD trades on a flat note around 1.3450
Market narrative
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Pound Sterling Price News & Forecast: GBP/USD trades on a flat note around 1.3450
Forex
Pakistan Gold price today: Gold rises, according to FXStreet data
Gold and silver remain under pressure near key support levels as higher oil prices and stronger interest-rate expectations weigh on precious metals.
India Gold price today: Gold steadies, according to FXStreet data
Malaysia Gold price today: Gold rises, according to FXStreet data
Gold extends fragile recovery from monthly low on soft USD; upside seems limited
EUR/JPY Price Forecast: Holds above nine-day EMA support at 185.50
AUD/USD Price Forecast: Recovers to near 0.7000 amid US Dollar's weakness
Looking at the 4-hour chart, the pair traded as high as 1.1482 and recently started a downside correction. There was a move toward the 50% Fibonacci retracement level of the upward move from the 1.1376 swing low to the 1.1482 high.
Silver Price Forecast: XAG/USD rises toward $57.00 despite Fed hike bets
USDCAD currency pair recently broke the support zone between the key support level 1.4050, support trendline of the daily up channel from May and the 38.2% Fibonacci correction of the upward impulse from May.
PBOC sets USD/CNY reference rate at 6.7948 vs. 6.7934 previous
Gold falls toward $4,000 as US-Iran hostilities boosts Fed rate hike bets
USD/JPY starts the week sitting just beneath the highest levels seen in decades. While the pair has struggled to break higher, the price action continues to tighten, raising the risk that the next meaningful move may be a breakout to fresh multi-decade highs.
The Canadian Dollar remains caught between improving domestic conditions and a stronger US Dollar, but CIBC believes the Bank of Canada is likely to remain comfortably on hold for the rest of the year. USD/CAD traded near 1.37, with the pair continuing to reflect broad US Dollar strength rather than a significant deterioration in.
Gold prices have struggled after a sharp correction from record highs, but Bank of America believes the metal's difficult year could eventually create an attractive entry point for long-term investors. Gold (XAU/USD) traded near $4,330 on Friday after recovering from June lows below $4,000, although prices remain well below the.
Gold price is consolidating as traders assess whether rising oil prices will lift inflation, reshape Fed policy, and determine the next gold breakout.
Current Setup and Live Chart USD/NOK is currently trading within the context of two dominant macro themes: rising global energy prices and US dollar resilience. The Norwegian crude is gaining support due to Norway's positioning as one of Europe's largest oil and gas producers.
AUD/USD enters the week with bulls retaining a slight edge, despite mixed signals across the charts and increasingly bearish futures positioning. Australia's employment report is the standout event on an otherwise quiet calendar, with traders watching to see whether it can provide the catalyst for the pair's next move.
Strong credit growth and rising energy prices may keep Fed rate hike risks alive, support the US Dollar Index, and leave EURUSD vulnerable to further losses.