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Silver Price Forecast: XAG/USD rallies over 3.50% above $27.00
Silver price surged on Thursday and gained over 3.50% as traders reclaimed the $27.00 figure although strong US data, bolstered the Greenback.
USD/JPY Price Forecast: Climbs but stays below 147.50
The USD/JPY rises for the third straight session. However, it remains within familiar levels, unable to decisively clear the August 7 daily high at 147.89, after solid US jobs data boosted the Greenback.
NZD/JPY Price Forecast: Cross extends recovery, three-day winning streak
The NZD/JPY pair traded sideways on Thursday, consolidating above the 88.00 level.
NZD/USD Price Analysis: Bulls push the price to 0.6000, must hold the line
On Thursday, the NZD/USD pair extended its gains, mildly rising to 0.6000, a key resistance level which if it is secured, would improve the outlook.
Fed's Barkin: Lack of job growth is the real concern
Federal Reserve (Fed) Bank of Richmond President Thomas Barkin noted on Thursday that the key thing to watch moving forward will be jobs figures, softly suggesting that equity markets may have overreacted to recent soft data.
Fed's Goolsbee: no matter what Fed does, somebody will be upset
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee hit wires on Thursday, noting the Fed's tricky path forward and highlighting the need to keep a close eye on the jobs market.
AUD/JPY Price Forecast: Bulls extend recovery near 97.00
In Thursday's session, the AUD/JPY pair rose by 1.20% to 96.80, continuing its recovery mode after bottoming out at 90.10 on August 5th.
Australian Dollar Price Forecast: Aussie up as RBA keeps its hawkish tone
The AUD/USD pair recorded an upturn at 0.6580 during Thursday's sessions, a notable rise by 0.80%.
GBP/USD Price Forecast: Rebounds at around 200-DMA, climbs above 1.2700
The Pound Sterling made a U-turn and surged during the North American session after falling shy of testing the 200-day moving average (DMA) at 1.2654, yet buyers stepped in and lifted the GBP/USD pair.
Forex Today: Market turbulence dissipates on further Yen selling
Another positive session saw the Greenback advance to weekly tops, helped by the extra depreciation of the Japanese currency and the unabated march north in US yields across the spectrum.
Gold price soars despite strong US Dollar and yields
Gold price climbed during the North American session on Thursday after solid data from the United States (US) underpinned the Greenback.
Canadian Dollar followed market flows on Thursday
The Canadian Dollar (CAD) followed behind overall market flows on Thursday, pushed around by volumes in other, more interesting currencies as CAD traders await Friday's Canadian labor numbers.
Dow Jones Industrial Average tries to recover ground once more
The Dow Jones Industrial Average (DJIA) recovered over 450 points during the Thursday market session as markets take another run at pushing equities back into a bullish trajectory after a near-term plunge fueled by fresh fears of a US recession.
US Dollar Price Forecast: USD holds steady after strong labor market data
The US Dollar (USD), measured by the US Dollar Index (DXY), held steady at around 103.00 on Thursday after a two-day rebound.
Mexican Peso surges as inflation outpaces estimates, Banxico's decision looms
The Mexican Peso rose in early trading in the North American session on Thursday after the Instituto Nacional de Estadistica Geografia e Informatica (INEGI) revealed that the Consumer Price Index (CPI) in July rose above estimates ahead of the Bank of Mexico's (Banxico) monetary policy decision.
Gold: Long liquidations to weigh on prices - TDS
Will Gold bugs manage to withstand this wave of selling activity? Price action over the past months has resulted in capitulation from macro funds and large-scale selling activity from systematic trend followers across nearly every commodity market on our radar, TDS senior commodity strategist Daniel Ghali notes.
AUD: RBA still hawkish - Rabobank
The AUD is not the only G10 currency that has been on a wild ride in the past few weeks, the JPY clearly takes that crown.
Markets expect selling exhaustion in Copper markets - TDS
The Red Metal may now be nearing local lows. CTAs may still have some dry-powder to sell, but are unlikely to do so unless prices break below the $8440/t range, TDS senior commodity strategist Daniel Ghali notes.
GBP/USD: Mildly bullish above 1.2700 - Scotiabank
The Pound Sterling (GBP) was a very mild underperformer on the day and now turns slightly bullish, in keeping with its soft undertone since spot peaked in the middle of July, FX chief FX strategist Shaun Osborne notes.
GBP/USD Price Analysis: At make or a break below 1.2700
The GBP/USD pair hovers near a fresh monthly low around 1.2665 in Thursday's American session.
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