EUR/USD slips back to the 1.0370 zone, printing fresh daily lows due to the resurgence of upward momentum in the US Dollar. The Greenback remains supported by the PCE release and earlier comments from Fed Governor Bowman.
EUR/USD traded with marked losses and added to Monday’s retracement following the pronounced rebound in the Greenback, all in response to tariffs chatter as well as caution ahead of the FOMC event.
Fresh tariff headlines gave the Greenback an extra boost on Tuesday, fueling its rebound and putting pressure on risk-sensitive currencies. As a result, GBP/USD slid to the lower end of its weekly range near 1.2410, where it has encountered decent support so far.
Gold trades marginally higher on Tuesday, still down for the week. XAU/USD recovered from an intraday low of $2,734.68 and approaches the $2,600 mark in the mid-American session. Financial markets were risk-averse throughout the first half of Tuesday amid fresh tariff-related concerns following comments from United States (US) President Donald Trump. Trump said...
GBP/USD finds it difficult to gather recovery momentum after rising above 1.2300 earlier in the day. The pair remains vulnerable amid persistent US Dollar strength and the UK bond market turmoil. The focus now shifts to the US labor market data for fresh directives.
OANDA:XAUUSD Gold price (XAU/USD) gains some follow-through positive traction for the fourth consecutive day and trades at its highest level in nearly a month above $2,680. Market focus shifts to US labor market data, which will feature Nonfarm Payrolls and wage inflation figures.
EUR/USD trades within familiar levels at around the 1.0300 mark, although the US Dollar pushes marginally higher in a quiet, holiday-inspired American session. Focus shifts to US Nonfarm Payrolls on Friday.
OANDA:XAUUSD Gold price turns positive for the third straight day and draws support from a combination of factors. Geopolitical risks, trade war fears and retreating US bond yields lend support to the XAU/USD pair.
EUR/USD stays under bearish pressure and declines toward 1.0300 on Wednesday. The broad-based US Dollar (USD) strength ahead of ADP employment data weighs on the pair. Later in the American session, the Fed will publish the minutes of the December meeting.
GBP/USD remains on the back foot and extends its daily slide toward 1.2400, undermined by a risk-off market sentiment and elevated US Treasury bond yields on increased hawkish Fed bets. Traders look to US data, Fedspeak and FOMC Minutes for fresh trading impulse.
Gold price (XAU/USD) sticks to modest intraday gains through the first half of the European session on Wednesday, albeit it lacks bullish conviction and remains below the $2,665 resistance zone retested the previous day.
GBP/USD lost further traction and battles to retain the 1.2500 mark after hitting an intraday high of 1.2575. Stock markets turned south after the release of upbeat American data, providing fresh legs to the US Dollar rally.
Spot Gold lost its bullish traction and retreated toward the $2,650 area following the release of encouraging US macroeconomic figures. Jumping US Treasury yields further support the US Dollar in the near term.
EUR/USD trades in positive territory at around 1.0300 on Friday. The pair breathes a sigh of relief as the US Dollar rally stalls, even as markets stay cautious amid geopolitical risks and Trump's tariff plans. The focus remains on US ISM PMI data and central bank talks.
GBP/USD preserves its recovery momentum and trades around 1.2400 in the American session on Friday. A broad pullback in the US Dollar allows the pair to find some respite after losing over 1% on Thursday. A better mood limits US Dollar gains.
EUR/USD gathers recovery momentum and trades above 1.0350 in the European session after the data from Germany and the Eurozone showed that Services PMI figures for December were revised higher. Investors await German inflation report.
Gold benefits from the broad-based US Dollar weakness and recovers above $2,630 after falling to a daily low below $2,620 in the early American session on Monday. Meanwhile, the benchmark 10-year US Treasury bond yield holds above 4.6%, limiting XAU/USD upside. Gold Buy From 2635 To 2660 Confirm
AUD/USD holds the rebound toward 0.6250 in the Asian session on Monday after China's Caixin Services PMI beat estimates with 52.2 in December. China's stimulus optimism and a subdued US Dollar offset increased bets for early RBA rate cuts, reviving the demand for the Aussie.