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Gold bulls not ready to give up yet amid Fed rate cut bets and geopolitical risks
Gold (XAU/USD) kicks off the new week on a softer note, though it manages to reverse an Asian session dip to the $3,627-3,626 area and currently trades near the top end of a one-week-old trading range.
US Dollar Index steadies near 97.50, faces pressure on Fed rate cut bets
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady and trading around 97.60 during the Asian hours on Monday.
Silver Price Forecast: XAG/USD extends the rally above $42.00 amid Fed rate cut expectations
The Silver price (XAG/USD) trades in positive territory for the fourth consecutive day near $42.25 during the Asian trading hours on Monday. Expectations of a rate cut from the US Federal Reserve (Fed) weigh on the US Dollar (USD) and support the USD-denominated commodity price.
USD/CAD remains below 1.3850 due to rising odds of multiple Fed rate cuts
USD/CAD inches lower after registering small gains in the previous session, trading around 1.3840 during the Asian hours on Monday.
AUD/JPY maintains position above 98.00 after disappointing Chinese data
AUD/JPY continues its winning streak for the fourth successive session, trading around 98.20 during the Asian hours on Monday.
Japanese Yen remains trapped in range against USD ahead of FOMC and BoJ policy meetings
The Japanese Yen (JPY) kicks off the new week on a subdued note and remains confined in a familiar range held over the past month or so against its American counterpart amid mixed fundamental cues.
China's NBS: Economic operation generally steady in August, facing many uncertainties
Following the publication of the high-impact China's Gross Domestic Product (GDP) and activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Monday.
Australian Dollar holds gains following weaker-than-expected China's economic data
The Australian Dollar (AUD) inches higher against the US Dollar (USD) on Monday, recovering its losses registered in the previous session. The AUD/USD pair holds ground following disappointing economic data from Australia's close trading partner, China.
New round of US-China talks head into second day focused on trade, TikTok
The United States (US) and Chinese representatives discussed TikTok, trade and the economy during a day of high-level talks in Madrid, Bloomberg reported on Sunday.
GBP/USD holds positive ground above 1.3550 as potential Fed rate cut looms
The GBP/USD pair posts modest gains near 1.3555 during the early Asian session on Monday. Traders expect the US Federal Reserve (Fed) to deliver its first rate cut of the year at its policy meeting on Wednesday, which might weigh on the US Dollar (USD).
WTI edges higher to $62.65-$62.70 amid geopolitical tensions, oversupply fears cap gains
West Texas Intermediate (WTI) US Crude Oil prices edge higher during the Asian session on Monday, though the uptick lacks bullish conviction.
PBOC sets USD/CNY reference rate at 7.1056 vs. 7.1019 previous
On Monday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1056 compared to Friday's fix of 7.1019 and 7.1213 Reuters estimate.
NZD/USD remains subdued near 0.5950 following Business NZ PSI, Chinese data eyed
NZD/USD extends its losses for the second successive session, trading around 0.5950 during the Asian hours on Monday.
EUR/USD trades sideways, holds above 1.1700 as focus remains on Fed decision this week
The EUR/USD pair kicks off the new week on a subdued note and oscillates in a narrow band, around the 1.1725-1.1720 region during the Asian session.
USD/JPY flat lines near 147.50 as Fed rate cut bets grow
The USD/JPY pair holds steady near 147.60 during the early Asian session on Monday. The expectations that the US Federal Reserve (Fed) will deliver its first rate cut of the year this week could weigh on the US Dollar (USD) against the Japanese Yen (JPY).
US President Donald Trump says ready to impose sanctions on Russia if NATO nations do the same
US President Donald Trump said on Saturday that he is ready to impose major Sanctions on Russia once all NATO countries have started "to do the same thing" and pause their purchases of oil from Russia, CNBC reported.
When is the China Retail Sales, Industrial Production and how it could affect AUD/USD?
The National Bureau of Statistics of China (NBS) will publish its data for August at 02.00 GMT. Retail Sales is expected to show an increase of 3.8% year-over-year (YoY) in August, compared to 3.7% in the previous reading.
Gold Price Forecast: XAU/USD drifts higher to near $3,650 as Fed is expected to cut rates
The Gold price (XAU/USD) edges higher to near $3,640 during the early Asian session on Monday. The yellow metal gains traction as a weakening US labor market reinforces expectations that the Federal Reserve (Fed) will deliver its first rate cut of the year this week.
USD/CHF Price Forecast: Sellers dominate as pair consolidates below key SMAs
USD/CHF advanced during the North American session, yet it remains consolidating at around the 0.7950-0.8000 range ahead of the next week Federal Reserve's monetary policy meeting. The pair trades at 0.7966 up 0.12%.
EUR/USD steadies as Fed rate cut bets firm amidst US labor market concerns
EUR/USD remains steady during the North American session on Friday, poised to end the week with modest gains of over 0.18% as traders brace for the next week's monetary policy decision by the Federal Reserve (Fed). At the time of writing, the pair trades at 1.1736, virtually unchanged.
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