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India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Thursday, according to data compiled by FXStreet.
BoE likely to pause interest rates after August cut to 4%
After delivering a 25 basis points (bps) interest rate cut to 4% in August, the Bank of England (BoE) is widely expected to stand pat following the conclusion of the September monetary policy meeting. The Monetary Policy Committee (MPC) policymakers are seen voting 7-2 to keep rates on hold.
Pound Sterling corrects against US Dollar ahead of BoE's monetary policy decision
The Pound Sterling (GBP) demonstrates a mixed performance against its major peers on Thursday ahead of the Bank of England's (BoE) monetary policy decision at 11:00 GMT.
USD/CAD Price Forecast: Bulls might find resistance around 1.3800
The US Dollar is trading higher against the Canadian Dollar amid broad-based Greenback strength as investors digest recent rate cuts by the Fed and the BoC.
WTI edges lower below $63.50 on concerns over oil demand
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.40 during the early European trading hours on Thursday. The WTI declines amid concerns over the US economy and excess supplies.
Forex Today: Eyes on the BoE verdict after Fed's cautious cut
Here is what you need to know on Thursday, September 18:
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $63.38 per barrel, down from Wednesday's close at $63.63.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $67.28 after its previous daily close at $67.53.
EUR/GBP holds steady below 0.8700 as traders await BoE rate decision
The EUR/GBP cross trades on a flat note around 0.8670 during the early European session. Traders prefer to wait on the sidelines ahead of the Bank of England (BoE) interest rate decision. aThe BoE is expected to hold interest rates steady at 4.0% at its September meeting later on Thursday.
EUR/JPY treads water above 173.50 following Japan's Machinery Orders data
EUR/JPY remains steady after registering small losses in the previous session, trading around 173.70 during the Asian hours on Thursday.
NZD/USD Price Forecast: Seems vulnerable near 0.5900 confluence on dismal NZ GDP print
The NZD/USD pair extends the previous day's rejection slide from the 0.6000 psychological mark, or the highest level since July 27, and attracts strong follow-through selling on Thursday in the wake of the weaker-than-expected New Zealand GDP print.
FX option expiries for Sept 18 NY cut
FX option expiries for Sept 18 NY cut at 10:00 Eastern Time via DTCC can be found below.
USD/CHF extends recovery to near 0.7900 as US Dollar gains ground
The USD/CHF pair recovers further to near 0.7900 during the late Asian trading session on Thursday. The Swiss Franc pair bounces back as the US Dollar (USD) gains ground after the monetary policy announcement by the Federal Reserve (Fed) on Wednesday.
USD/INR snaps four-day losing streak after Fed's monetary policy outcome
The Indian Rupee (INR) fails to extend the four-day winning streak against the US Dollar (USD) on Thursday. The USD/INR recovers to near 88.00 as the US Dollar (USD) gains ground in the aftermath of the monetary policy announcement by the Federal Reserve (Fed) on Wednesday.
GBP/JPY holds steady above 200.00 as traders keenly await BoE rate decision
The GBP/JPY cross struggles to capitalize on the previous day's goodish rebound from the 199.50-199.45 area, or a four-day low, and oscillates in a range during the Asian session on Thursday.
GBP/USD declines to near 1.3600 ahead of BoE rate decision
The GBP/USD pair edges lower to around 1.3615 during the early European session on Thursday, pressured by a rebound in the US Dollar (USD). The Bank of England (BoE) interest rate decision will take center stage later on Thursday, with no change in rates expected.
Silver Price Forecast: XAG/USD breaks below $41.50 as Fed cut bets wane
Silver price (XAG/USD) extends its losing streak for the third successive session, trading around $41.30 during the Asian hours on Thursday. The non-interest-nearing Silver loses ground amid a strong inflation outlook that has curbed expectations of more aggressive Federal Reserve (Fed) rate cuts.
EUR/USD holds steady above 1.1800 ahead of ECB's Lagarde speech
The EUR/USD pair holds steady around 1.1815 during the Asian trading hours on Thursday. The US Dollar (USD) trades flat against the Euro (EUR) following its plunge to a three-and-a-half-year low as traders assess the Federal Reserve's (Fed) rhetoric on further interest rate cuts.
Gold consolidates post-FOMC pullback from record high amid further USD recovery
Gold (XAU/USD) is seen consolidating the previous day's retracement slide from the record high, levels beyond the $3,700 mark, touched in the aftermath of the FOMC dovish rate cut.
US Dollar Index Price Forecast: Remains above 97.00, eyes nine-day EMA barrier
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground and trading around 97.00 during the Asian hours on Thursday.
USD/CAD holds gains above 1.3750 due to upbeat US inflation outlook
USD/CAD gains ground for the second successive session, trading around 1.3770 during the Asian hours on Thursday.
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