Pound Sterling Price News and Forecast: GBPUSD bounces back to near 1.3400
Pound Sterling Price News and Forecast: GBPUSD bounces back to near 1.3400
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Pound Sterling Price News and Forecast: GBPUSD bounces back to near 1.3400
Forex
Gold Price Forecast: XAU/USD drifts below $4,100, but bears start to look exhausted
GBP/USD Price Forecast: Bounces back to near 1.3400 as US Dollar turns upside down
Gold declines as renewed US-Iran hostilities boost Oil prices, Fed rate hike bets
The GBP/USD pair rose steadily last week but has hit a turbulence as safe haven demand returns to favour the US dollar.
Gold edged lower after opening with $20 gap lower on Monday, following the latest escalation in the Middle East that fueled inflationary risk and added to expectations that the Fed will keep higher interest rates or possibly opt for rate hikes, providing support to US dollar.
On the dollar side, Fed Chair Kevin Warsh has struck a firm tone, reaffirming the 2% inflation target and pushing back against political pressure to cut rates, while sticky PCE inflation near 4% keeps hike odds alive for September. Yet June payrolls came in softer and speculative USD positioning looks stretched, raising doubts on how much further the rally can extend.
The USD/INR has resumed its upside move, taking tout a critical resistance as Iran announces a new closure of the Strait of Hormuz.
AUD/USD Price Forecast: Wavers around 0.6950 with bearish momentum fading
Silver price today: Silver falls, according to FXStreet data
Gold price faces a defining week as CPI, Warsh testimony and Hormuz risks could reshape Fed expectations, Treasury yields and gold's next move.
EUR/USD opens the week around 1.1433. Investors continue to assess the situation in the Middle East, where uncertainty remains high.
EUR/USD Price Forecast: Rises to near 1.1450 after breaking above nine-day EMA
Summary:EUR/USD has slipped as renewed US-Iran tensions strengthened safe-haven demand for the US dollar and pushed Treasury yields higher. A break below 1.1370 could expose the pair to 1.1350 and 1.1300, while recovery attempts remain capped near the 1.1475 to 1.1500 area.
The Pound to New Zealand Dollar (GBP/NZD) exchange rate opens the new week around 2.3239 after slipping to its lowest level in almost two weeks, with the New Zealand Dollar continuing to outperform as markets respond to a more hawkish Reserve Bank of New Zealand. Latest — Exchange Rates:Pound to New Zealand Dollar (GBP/NZD): 2.323928.
The DAX, along with its European peers, is opening lower as investors weigh a tech sell-off alongside a fresh escalation in tensions between the U.S. and Iran, which has pushed oil prices higher and revived concerns over inflation and the outlook for interest rates.
Silver prices slide as the U.S.-Iran conflict lifts oil, fuels inflation fears and raises Fed rate hike risk. See key support levels and market outlook.
USD/CHF Price Forecast: Bulls remain capped below 0.8100 despite the risk-off market
EUR/USD and Gold price outlook ahead of US CPI and amid re escalating Hormuz tensions. Key technical levels, patterns, and c.
The Pound to Australian Dollar (GBP/AUD) exchange rate opens the new week around 1.9271 after holding close to five-month highs, with Sterling remaining well supported while the Australian Dollar faces another busy week of domestic data and renewed scrutiny over China's economic outlook. Latest — Exchange Rates:Pound to Australian.