[ad_1] Share: EUR/GBP bottomed at a low of around 0.8695 and then recovered toward 0.8715. The EUR traded firm on Friday after the ECB’s decision on Thursday to hold rates steady. Focus now shifts to next week’s BoE decision on Thursday, which is also expected to hold rates steady at 5.25%. At the
[ad_1] Share: The USD/CHF rose to a two-week high around 0.9035 near the 20-day SMA. The CHF is one the worst-performing currencies in the session. The US Dollar is trading soft after PCE figures from September. Hawkish bets on the Fed remain low ahead of next week’s meeting. At the end of the week,
[ad_1] Share: NZD/USD saw 0.30% losses declining near 87.30 . The cross tallies a four-day losing streak and will close a 0.80% losing week. For the first time since April, the pair trades below the 20 and 100-day SMA. In Friday’s session, the NZD/JPY continued facing selling pressure, seeing losses for a fourth consecutive
[ad_1] Share: The US Dollar struggles to find demand at the end of the week. Markets are digesting Powell’s words on Thursday. US Treasury yields are retreating and the odds of a hike in December declined. The US Dollar (USD) measured by the US Dollar Index (DXY) oscillates between gains and losses in
[ad_1] Share: The USD/CHF reversed its course after jumping to a daily high of 0.9032 and then settling slightly above 0.9000. The USD is struggling to gather momentum on a positive market mood. The US reported strong economic activity figures from September. Rising US Treasury yields may limit the downside for the pair.
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[ad_1] Share: The NZD/USD reversed its course and fell towards 0.5930, after reaching a high of 0.5985. The US Dollar strengthened on the back of rising US yields after the Fed’s hawkish pause. The Fed kept rates at 5.25-5.50% as expected. The bank reduced projections of 100 bps of rate cuts in 2024
[ad_1] Share: XAU/USD tallied 0.60% daily gains and jumped to a daily high of $1,930, then settled at $1,923. Bulls quickly recovered the 20 and 200-day SMAs at the $1,920 area after losing them at the beginning of the week. Indicators point to a bullish resurgence. At the end of the week, the
[ad_1] Share: NZD/USD is seeing 0.30% gains and rose to 0.5915. Inflation accelerated in August, driven by higher gasoline prices. US yields initially soared to two-week highs and then consolidated. Fed tightening expectations are still high. In Wednesday’s session, the NZD/USD increased towards 0.5915, near the 20-day SMA of 0.5922. That being said, the upside
[ad_1] Share: XAU/USD closed the week with a 1% weekly decline above the convergence of the 20 and 200-day SMAs. US yields are set to close a 2% weekly increase. Attention shifts to next week’s US CPI and Retail Sales from the US. At the end of the week, the XAU/USD traded with
