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USDJPY(Yen) pushes lower The USDJPY(Yen) gained some momentum against the dollar as the pair hit a heavy rejection. Prices were hitting double tops, but a bearish divergence suggested a deceleration in the upward momentum.
Forex
British Pound: BoE hike pricing supports Sterling against US Dollar – MUFG
The pound strengthened following the outcome of the US Federal Reserve meeting, where the central bank, as expected, kept interest rates unchanged. However, the Fed did not provide the market with clear signals of an imminent shift towards rate cuts, maintaining a cautious approach to future monetary policy.
USD/JPY Price Forecast: Rising 20-day EMA backs bullish bias
The Pound-Dollar rate could remain under pressure unless the Bank of England delivers a sufficiently hawkish message after an inconclusive Federal Reserve decision. The Pound to US Dollar (GBP/USD) exchange rate weakened on Thursday morning as markets turned their attention to the Bank of England following a divided Federal Reserve policy.
Euro: Fed split supports EUR against US Dollar – Commerzbank
USD/CAD Price Forecast: Rebounds above 1.4050, constructive outlook prevails above 100-day SMA
Pound-Australian Dollar could extend gains if the Bank of England keeps the door open to higher rates after Australia's softer inflation weakens the Aussie. The Pound to Australian Dollar (GBP/AUD) exchange rate surged on Wednesday after weaker-than-expected Australian inflation sharply reduced expectations for another Reserve Bank of.
Pound-Euro could remain under pressure if the Bank of England maintains a cautious outlook while stronger Eurozone data supports the single currency. The Pound to Euro (GBP/EUR) exchange rate traded in a narrow range on Wednesday near a four-week low as investors awaited Thursday's Bank of England interest rate decision and key.
EUR/USD Price Forecast: A bullish comeback seems underway
Gold reassesses policy credibility as markets validate the Fed's message
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Philippines Gold price today: Gold falls, according to FXStreet data
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Gold rebounded after the Federal Reserve prompted a sharp selloff in the US dollar, but the bigger question is whether that weakness has further to run. With the US Dollar Index approaching a major technical level and gold testing resistance, the next move for both markets may hinge on incoming US economic data.
Pakistan Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Malaysia Gold price today: Gold falls, according to FXStreet data
EUR/JPY Price Forecast: Trades near 187.00 after pulling back from ascending channel top
Silver Price Forecast: XAG/USD remains below $58.00 amid Fed hawkish pause
