GBP/USD: Gains through 1.2075 to lift Sterling’s tone more obviously .

GBP/USD has regained the 1.2000 level. A break past 1.2075 is needed to open up further gains, economists at Scotiabank report.Economic challenges for the UK remain significant “Longer run economic challenges for the UK remain significant but the still relatively weak GBP may be able to ride a little higher on a soft/ softening USDContinue reading “GBP/USD: Gains through 1.2075 to lift Sterling’s tone more obviously .”

EUR/USD clings to daily gains above 1.0300 on data, looks at FOMC.

EUR/USD fades part of the earlier advance to the 1.0350 region.GThe European currency extends the recent optimism and lifts EUR/USD to the 1.0350 zone on Wednesday, where some initial resistance appears to have turned up. EUR/USD focuses on the Fed, data.EUR/USD advances for the second session in a row so far against the backdrop ofContinue reading “EUR/USD clings to daily gains above 1.0300 on data, looks at FOMC.”

Gold Price Forecast: XAU/USD buyers stay hopeful whilst above $1644.

Gold price has faltered on its previous rebound as the US dollar makes a comeback.  XAU/USD sees range play amid battle lines well-defined ahead of critical US events.Gold price is treading water in a familiar range around the $1,650 psychological level, lacking a follow-through upside bias amid a modest comeback staged by the US dollarContinue reading “Gold Price Forecast: XAU/USD buyers stay hopeful whilst above $1644.”

Gold Price Analysis: XAU/USD sticks to modest gains around $1,670 ahead of FOMC minutes.

Gold catches fresh bids near the $1,660 support zone amid subdued USD price action.Bets for more aggressive Fed rate hikes should limit the USD losses and cap the metal. Traders look to FOMC minutes for a fresh impetus ahead of the US CPI on Thursday. Gold attracts fresh buying near the $1,660 support area onContinue reading “Gold Price Analysis: XAU/USD sticks to modest gains around $1,670 ahead of FOMC minutes.”