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Forex and Currency News Archive
GBPUSD - Pound Sterling Price News and Forecast: GBP/USD holds above 1.25 but weak bullish bias
GBP/USD has managed to hold above the 1.2500 mark this week following last week’s post-Fed tumble that pulled the pair to the lowest since May, hitting 1.2474. The slide reinforced the medium-term ...
Commodities Prices - Russia's domestic LPG prices halve following EU embargo
The European Union's sanctions against Russia's LPG took effect on Dec. 20. The restrictions were proposed last year by Poland, one of Russia's largest LPG importers ...
EURGBP - ECB’s Dovish Stance Weighs on Euro – Analysis for EUR/USD, EUR/JPY, EUR/GBP
ECB’s dovish stance and expectations of rate cuts pressure the Euro as market eyes potential weakness in EUR/USD, EUR/JPY, and EUR/GBP pairs.
Silver Price - Silver Price Forecast: XAG/USD drops to near $29.50, facing pressure from Fed’s moderate hawkish stance
Silver price (XAG/USD) falls to near $29.30 in Tuesday’s European session, though it remains inside Monday’s trading range amid thin trading volume due to holidays on Wednesday and Thursday on account ...
USDJPY - USD/JPY Price Forecast: Bulls not ready to give up amid BoJ rate-hike uncertainty
The USD/JPY pair struggles to capitalize on the previous day's positive move and oscillates in a narrow trading band, around the 157.00 mark through the early part of the European session on Tuesday.
Oil Price - Pound, gold and oil prices in focus: commodity and currency check, 23 December
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Gold Price - Gold price steadily climbs to three-day peak, above $2,630; lacks bullish conviction
Gold price ticks higher for the third straight day, albeit it lacks strong follow-through. Geopolitical risks and trade war fears continue to support the safe-haven XAU/USD. The Fed’s hawkish tilt, elevated US bond yields and modest USD strength cap gains.
EURUSD - EUR/USD trades cautiously as Fed hawkish remarks bolster US Dollar’s appeal
EUR/USD holds the immediate support of 1.0340, but the Fed’s hawkish cut weights on the pair in the broader term. Investors await the US PCE inflation data for fresh guidance on the US interest rate ...
Brent Oil - Oil Headed for Weekly Loss Amid Demand Fears
Oil prices were on track for weekly losses of roughly 3%, pressured by a stronger U.S. dollar and worries about global demand growth. Brent crude and WTI were both down 0.6% at $72.48 and $68.97 a ...
Commodities Prices - Commodity Trader Glencore Raises Purchases of Middle East Crude
Glencore, a major oil trader, is buying crude oil to supply a newly acquired refinery in Singapore, signaling a growing role for traders in the physical oil market.
EURGBP - EUR/GBP: BoE decision could turn to non-event – ING
The latest macro indicators have all but reinforced expectations that the Bank of England (BoE) will keep rates on hold on Thursday. In this context, the EUR/GBP pair is set to stay capped below ...
Silver Price - Silver: Crucial Support at $30 Needs to Hold to Keep Long-Term Bullish Trend Alive
Silver’s long-term growth outlook remains intact, but short-term volatility looms with key technical levels in play. The $30 support level is crucial, with the Fed’s stance influencing the immediate ...
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