GBP/USD Analysis and Charts BoE governor Bailey warns on UK inflation and growth. Sterling remains underpinned as rate cut hopes are pushed back. For all market-moving economic data and events, see the DailyFX Calendar Most Read: British Pound Latest – GBP/USD Boosted by Positive PMI Data Recommended by Nick Cawley How to Trade GBP/USD Bank
Share: In a shortened week, the US Dollar posted losses again. Next week, the key report in the US will be the Core PCE. Consumer inflation data is also due in the Eurozone with the preliminary November figures and in Australia with the October Monthly CPI. The Reserve Bank of New Zealand will
Share: USD/CHF could register losses on the less likelihood of Fed interest rate hikes. Swiss Franc could lose ground as SNB reduced foreign currency reserves to a seven-year low. Improved US Treasury yields attempt to push the US Dollar into positive territory. USD/CHF moves sideways after two days of minor gains, bidding near
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
USD/CAD PRICE, CHARTS AND ANALYSIS: Read More: The Bank of Canada: A Trader’s Guide USDCAD has been stuck in a range since the beginning of November with the recent drop in Oil Prices coinciding with US Dollar weakness keeping the pair rangebound. Many had hope Canadian inflation may bring the recent malaise in USDCAD to
Share: EUR/JPY faces a slight downturn but manages to stay above the crucial 163.00 level. The pair touched a three-day low at 162.15, yet a ‘hammer’ pattern in today’s trading indicates potential buyer intervention around the Tenkan-Sen level of 162.37. A move below 163.00 might lead to a further decline towards the day’s
OIL PRICE FORECAST: Most Read: What is OPEC and What is Their Role in Global Markets? Oil prices are up around 1.3% at the time of writing as Saudi Arabia and Russia reiterate commitment to supply cuts. The two OPEC members confirmed their commitment to extra voluntary oil supply cuts to the end of 2023.
© Reuters. The trajectory of the currency pair is expected to remain largely unchanged, despite key events in Japan this week. This includes the Bank of Japan’s (BoJ) meeting and the Ministry of Finance’s (MoF) data intervention release, according to Goldman Sachs. The USD/JPY recently crossed the 150 threshold, a significant milestone that has drawn
Gold (XAU/USD) Analysis, Prices, and Charts The outlook for gold remains positive Busy week on the economic calendar. Recommended by Nick Cawley How to Trade Gold The escalation of military action in Gaza continues to boost the price of gold, with the precious metal hitting a fresh five month high on Friday. The ongoing safe
Share: Pound Sterling trades in a tight range as investors eye BoE monetary policy decision for further action. The BoE is expected to keep interest rates unchanged amid easing labor market conditions and subdued retail demand. Deepening Middle East tensions dent demand for risk-perceived assets. The Pound Sterling (GBP) struggles to find a
