EURUSD: Weekly Review 16 – 20 October 2023

EURUSD on Friday’s trading day [13/10] was down -0.17%. Dollar strength weighed on the Euro. Additionally, comments from ECB President Lagarde on Friday weakened EURUSD, as she signalled additional ECB rate hikes may be on hold. She said that, “We are seeing an unprecedented tightening of financing conditions and the ECB will gauge the impact

Gold Price Hangs Tough as Treasury Yields Surge and US Dollar Firms. Higher XAU/USD?

Gold, XAU/USD, US Dollar, Treasury Yields, Israel, Federal Reserve, GVZ Index – Talking Points The gold price appears comfortable above US$ going into Wednesday’s trading session Treasury yields are after making new highs again but gold appears unfazed by it The US Dollar has been choppy despite global uncertainty. Will XAU/USD remain bid? Recommended by

No comment on IMF remarks on FX intervention By Reuters

© Reuters. FILE PHOTO: Japanese Finance Minister Shunichi Suzuki arrives for a news conference during the annual meeting of the International Monetary Fund and the World Bank, following last month’s deadly earthquake, in Marrakech, Morocco, October 13, 2023. REUTERS By Tetsushi Kajimoto TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki on Tuesday declined to comment on

AUD/USD Extends Recovery but Outlook Remains Murky

AUD/USD OUTLOOK: AUD/USD rises for the second straight day Despite today’s moves in FX markets, geopolitical tensions in the Middle East and rising U.S. Treasury yields create a hostile backdrop for the Australian dollar This article looks at key AUD/USD’s technical levels to watch this week Trade Smarter – Sign up for the DailyFX Newsletter

GBPUSD: Cold Temperatures & Geopolitics Contributors to Natural Gas Surge

The second week of October saw UK natural gas futures prices increase by almost 50% to £160, an 8-month high from just £89 last week. The situation was driven by forecasts of colder weather which increased demand amid supply concerns caused by geopolitical risks and labour disruptions at the Australian LNG facilities. As the weekend approaches,