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EUR/JPY Price Forecast: Bears have the upper hand while below 200-period SMA on H4/164.00
The EUR/JPY cross meets with a fresh supply following the previous day's good two-way price swings and trades around the mid-163.00s during the Asian session on Thursday, down 0.20% for the day.
GBP/USD trades above 1.2650, upside potential seems limited due to cautious Fed
GBP/USD edges higher to near 1.2650 during the Asian trading hours on Thursday.
Gold price scales higher for the fourth straight day on rising geopolitical tensions
Gold price (XAU/USD) prolongs its weekly uptrend for the fourth straight day and climbs to the $2,660 area, or a fresh one-and-half-week high during the Asian session on Thursday.
USD/INR gathers strength ahead of US data, Fedspeak
The Indian Rupee (INR) extends its decline on Thursday. The heightened geopolitical tensions and market reactions due to Donald Trump's victory in the US presidential elections drag the local currency lower.
Silver Price Forecast: XAG/USD rises above $31.00 due to escalated Russia-Ukraine conflict
Silver price (XAG/USD) retraces its recent losses from the previous session, trading around $31.00 during the Asian hours on Thursday.
Japanese Yen gains positive traction against USD, upside potential seems limited
The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Thursday and drags the USD/JPY pair away from the weekly top touched the previous day.
Australian Dollar appreciates due to a hawkish mood surrounding the RBA policy outlook
The Australian Dollar (AUD) retraces its recent losses on Thursday, buoyed by a hawkish outlook from the Reserve Bank of Australia (RBA) concerning interest rates.
WTI steadies near $69.00 amid geopolitical risks, rise in US crude stock
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.95 on Thursday.
PBOC sets USD/CNY reference rate at 7.1934 vs. 7.1935 previous
The People's Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1934, as compared to the previous day's fix of 7.1935 and 7.2482 Reuters estimates.
ECB's Stournaras: 2% inflation target to come in early 2025
The European Central Bank (ECB) Governing Council member Yannis Stournaras said on Wednesday that the Eurozone is on the cusp of sustainably reaching 2% inflation, putting the onus on officials to avoid undershooting that goal, per Bloomberg.
Fed's Collins says more rate cuts are needed
Federal Reserve Bank of Boston President Susan Collins said on Wednesday that more interest-rate cuts are needed, but policymakers should proceed carefully to avoid moving too quickly or too slowly, per Bloomberg.
EUR/USD recovery fizzles out just above 1.05
EUR/USD bulls frayed at their ends during the midweek hump session, giving back nearly half of a percent and keeping Fiber price action hamstrung just north of the 1.0500 major handle.
USD/CAD remains capped below 1.4000, eyes on US jobs data, Fedspeak
The USD/CAD pair trades on a softer note around 1.3970 amid the modest decline in the Greenback during the early Asian session on Thursday.
GBP/USD grapples with the low side after CPI upswing fails to spark a bid
GBP/USD struggled to find a direction on Wednesday, testing the bounds of the 1.2700 handle before facing a downside rejection and ending the midweek market session a fifth of a percent lower than it started.
NZD/USD drifts higher above 0.5850, focus on Fedspeak
The NZD/USD pair posts modest gains to around 0.5875 during the early Asian session on Thursday.
Silver Price Forecast: XAG/USD dips as US Dollar strength pushes price below $31.00
Silver's price retreats over 1.14% on Wednesday, yet it remains up 1.90% in the week as traders ditch the grey metal in favor of the Greenback.
Canadian Dollar ends win streak before it can fully begin
The Canadian Dollar (CAD) is back to its losing ways, backsliding 0.1% against the Greenback on Wednesday.
Gold price surge on risk aversion and overcome strong USD
Gold price climbs extending its gains for the third straight day, shrugs off a buoyant US Dollar as risk aversion boosts safe-haven assets.
Australian Dollar pulls back from weekly high as USD rebounds
The AUD/USD declined by 0.64% to 0.6495 on Wednesday. The decline came after the pair touched a one-week high earlier in the session.
Dow Jones Industrial Average wobbles ahead of key earnings on Wednesday
The Dow Jones Industrial Average (DJIA) tested familiar lows on Wednesday, churning chart paper just north of the 43,000 handle.
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