Forex News
Latest news from Forex market.
Australian Dollar Outlook: Soft Jobs Cools AUD/USD Momentum
Softer labour data has taken some of the shine off AUD/USD's recent run, reminding traders that rallies driven by policy expectations need continual upside surprises to sustain. With the RBA delivering an expected hawkish hold and the Aussie already up more than 4%, today's employment figures offer a timely reality check for bulls as the pair approaches a key resistance zone.
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USD/CAD hangs near its lowest level since October 22, seems vulnerable below 1.3800
USD/CAD hangs near its lowest level since October 22, seems vulnerable below 1.3800
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PBOC sets USD/CNY reference rate at 7.0686 vs. 7.0753 previous
PBOC sets USD/CNY reference rate at 7.0686 vs. 7.0753 previous
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AUD/USD remains depressed after mixed Aussie jobs data; holds above mid-0.6600s
AUD/USD remains depressed after mixed Aussie jobs data; holds above mid-0.6600s
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NZD/USD trades above 0.5800, over two-month top amid dovish Fed-inspired USD weakness
NZD/USD trades above 0.5800, over two-month top amid dovish Fed-inspired USD weakness
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Gold Price Forecast: XAU/USD drifts higher above $4,200 as Fed delivers expected cut
Gold Price Forecast: XAU/USD drifts higher above $4,200 as Fed delivers expected cut
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AUD/JPY outlook: Jobs volatility puts RBA repricing in focus
AUD/JPY has ridden a wave of risk appetite and hawkish RBA repricing, but the rally faces a critical test with Australia's jobs report. With bullish positioning stretched and technical signals flashing caution near 104.00, even a marginally weak print could trigger a sharp reversal.
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GBP/USD rebounds following Fed's third straight rate trim
GBP/USD rebounds following Fed's third straight rate trim
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USD/JPY slumps to near 156.00 after Fed cuts rates
USD/JPY slumps to near 156.00 after Fed cuts rates
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Canadian Dollar Short-term Outlook: USD/CAD Collapse Continues After Fed & BoC Decisions
The Canadian Dollar offensive extended this week with USD/CAD taking another leg lower today on the heels of the Bank of Canada and FOMC interest rate decisions. The decline is now approaching the lower bounds of the late-November downtrend and while the medium-term outlook remains tilted to the downside, the immediate decline may be vulnerable into this key slope.
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Gold (XAU/USD) Price Forecast: Bull Structure Holds – $4,356 Measured Move in Play
Gold inched to a three-day high of $4,239 Wednesday with a higher highs and low, reclaiming the 10-day average at $4,206 and finding support on the short-term uptrend line to signal buyers slowly reasserting control after the recent pullback.
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GBP/USD surges after Fed rate cut, traders focus on Powell's next steps
GBP/USD surges after Fed rate cut, traders focus on Powell's next steps
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Gold jumps after Fed rate cut, XAU/USD extends gains on dovish guidance
Gold jumps after Fed rate cut, XAU/USD extends gains on dovish guidance
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EUR/USD jumps on cautiously dovish Fed rate outlook
EUR/USD jumps on cautiously dovish Fed rate outlook
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EUR/USD climbs as Fed rate cut expectations pressure US Dollar
EUR/USD climbs as Fed rate cut expectations pressure US Dollar
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Gold Prices Grip to Support into FOMC
Gold prices are still more than 110% above last year's lows, and in late-November we saw gold break out of another symmetrical triangle that made up a bull pennant formation. But for the past week, it's been largely range-bound as traders and investors gear up for the final Fed meeting of the year.
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Pound Sterling Price News: GBP/USD firms as dovish repricing for Fed and BoE boosts upside momentum
Pound Sterling Price News: GBP/USD firms as dovish repricing for Fed and BoE boosts upside momentum
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Gold slips as markets brace for Fed's decision, Powell's presser
Gold slips as markets brace for Fed's decision, Powell's presser
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XAG/USD: Silver Hits New Record High Above $60
Silver hit new record high ($61.59) on Wednesday, in extension of Tuesday's strong acceleration higher which resulted in a daily gain of 4.5% and break through psychological $60 barrier.
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USD/JPY forecast: Hawkish Fed cut could trigger fresh rally
At the time of writing in late afternoon trading in London, the US dollar was broadly lower in anticipation of a third rate cut from the Fed. There was no major data release today and the Bank of Canada's rate decision came and went without stirring volatility.
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