Dollar near two-month highs after Fed minutes; yen remains weak By Investing.com

[ad_1] © Reuters Investing.com – The U.S. dollar edged lower in early European trade Thursday but remains trading near two-month highs after the minutes from the last Federal Reserve meeting offered a hawkish slant. At 03:00 ET (07:00 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% lower

Selling Pressure Remains Below the 100-Day MA

[ad_1] EUR/USD PRICE FORECAST: Your Free Guide to the EURO for the Rest of Q3 Below Recommended by Zain Vawda Get Your Free EUR Forecast READ MORE: USD/JPY, EUR/JPY Update: A Temporary Pause Before Bullish Continuation? EUR/USD put in impressive gains early in the US session before a return of Dollar strength saw the pair

UK Inflation Remains Sticky, September Hike Likely

[ad_1] POUND STERLING ANALYSIS & TALKING POINTS Elevated inflation combined with higher average earnings making things tough for BoE. 25bps hike in September an almost certainty! Descending triangle keeps bears hungry. Recommended by Warren Venketas Get Your Free GBP Forecast UK’s Chancellor Hunt post-announcement: “While price rises are slowing, we’re not at the finish line.”

XAU/USD Remains at Risk Amid Bullish Retail Traders

[ad_1] Gold, Retail Trader Positioning, Technical Analysis – IGCS Update Gold prices aiming for worst month since February Retail traders continue to become more net-long XAU/USD at risk after breaking below trendline Recommended by Daniel Dubrovsky Get Your Free Gold Forecast So far this month, gold prices have weakened about -3.2 percent as a combination

Gold (XAU/USD) Slipping into Multi-Week Support, Volatility Remains Low

[ad_1] Gold Price (XAU/USD) Analysis, Price, and Chart Gold hit by a robust US dollar. Risk-off sentiment fails to give the precious metal a lift. Learn How to Trade Gold for Free Recommended by Nick Cawley How to Trade Gold A stronger US dollar, bolstered by rising US Treasury yields, is pressing down on gold

Pound Sterling remains well-supported amid robust GDP growth

[ad_1] Share: Pound Sterling faces selling pressure despite the UK economy turning out more resilient in June than expected. Upbeat United Kingdom factory data showcase optimism among producers in spite of a highly-inflated price environment. Monthly Industrial and Manufacturing Production data grew by 1.8% and 2.4% in June, respectively. The Pound Sterling (GBP) seems to

USD/MXN drops but remains above 17.0000 amidst a hot US PPI reading

[ad_1] Share: The Mexican Peso (MXN) advances against the US Dollar, despite overall US Dollar strength. Banxico’s decision to hold rates at 11.25% boosted the Mexican Peso. USD/MXN may stabilize near current levels, potentially reaching 17.5000 if surpassing 17.4100. A daily close below 17.0000 could indicate an extended downward trend. The Mexican Peso

Gold (XAU/USD) Remains Subdued as the DXY Continues to Advance

[ad_1] GOLD PRICE FORECAST: For the Full Q3 Outlook on Gold Prices, Download the Guide Below Recommended by Zain Vawda Get Your Free Gold Forecast MOST READ: Canadian Dollar Outlook: USD/CAD, GBP/CAD Rise, Is the Oil Correlation Dead? Gold prices remain subdued with the 50-day MA capping any potential move to the upside with the