GBP/USD EXCHANGE RATE NEWS: 'ONLY BREACH OF 1.2925' SUGGESTS BOTTOM FOR POUND Analysts identify the 1.2925 level as a critical resistance point for the British Pound (GBP) against the US Dollar (USD). A sustained breach above this threshold is viewed as an indication that the
EUR/CHF FALLS BELOW 0.93 AMID MARKET TURMOIL The EUR/CHF currency pair has declined to levels below 0.93, reflecting ongoing market volatility. ING's analyst, Chris Turner, notes that the SNB has previously maintained a policy rate above 0.50%, but there's a possibility
US DOLLAR FORECAST: STRUGGLES AHEAD OF CPI RELEASE AND FED DECISION – GBP/USD AND EUR/USD The US dollar has weakened as traders anticipate the release of crucial Consumer Price Index (CPI) data and signals from the Federal Reserve regarding future monetary policy. Both GBP/USD and EUR/USD currency
NZD/USD RISES TO NEAR 0.5700 DESPITE DOVISH COMMENTS FROM FINANCE MINISTER WILLIS The NZD/USD pair is trading around 0.5680 in early European hours on Thursday, marking its second consecutive day of gains. The RBNZ recently reduced its Official Cash Rate (OCR) by 50 basis points (bps)
AUD/JPY HOVERS AROUND 91.00, EYES ON RENEWED AUSTRALIA-EU TRADE NEGOTIATIONS The AUD/JPY currency pair has recovered its daily losses and is trading above the 91.00 mark during Thursday's Asian session. This movement reflects renewed optimism in the Australian Dollar (AUD), supported by developments in
INDIA GOLD PRICE TODAY: GOLD EXTENDS RECOVERY AS US-CHINA TRADE WAR DEEPENS Gold prices in India have surged due to escalating US-China trade tensions. On February 5, 2025, gold hit a record high of ₹85,370 per 10 grams on the Multi Commodity Exchange (MCX), marking a ₹1,370 increase
EUR/JPY PRICE FORECAST: BULLISH OUTLOOK SEEMS VULNERABLE AROUND THE 100-DAY EMA NEAR 161.00 The EUR/JPY cross has weakened to approximately 161.05 during the early European session on Thursday. This decline is attributed to the Japanese Yen (JPY) strengthening against the Euro (EUR), influenced by Japan'
GBP/USD PAIR REGAINS GROUND AHEAD OF SARAH BREEDEN'S SPEECH The GBP/USD pair has recovered its daily losses, trading around 1.2850 during Asian trading hours on Thursday. Earlier, the British Pound (GBP) faced pressure following the release of the RICS Housing Price Balance data, which showed
The USD/CAD pair recently experienced a modest decline, dropping to a fresh daily low amid a slight pullback in the US Dollar. Prices currently hover around the 1.4075-1.4070 area, indicating potential vulnerability. A test near the 1.4000 mark could provide insight into the pair's
GOLD CONTINUES TO SHINE AS THE TARIFFS WAR NOW CENTERS AROUND US AND CHINA Gold prices have surged over 1% today, climbing above $3,100 per ounce, driven by intensified trade tensions between the U.S. and China. President Donald Trump's announcement to raise tariffs on Chinese imports
GOLD PRICES SPARKLE AGAIN: RESTARTS INCREASE ON RECESSION FEARS Gold prices have surged, surpassing the $3,000 per ounce mark for the first time, driven by heightened demand for safe-haven assets amid economic uncertainties. Fears of a global recession, exacerbated by escalating trade tensions and new tariffs imposed by the
AUD AND NZD SHOW SIGNS OF RECOVERY Both the Australian Dollar (AUD) and New Zealand Dollar (NZD) have recently rebounded from long-term support levels against the US Dollar (USD). This recovery suggests renewed investor confidence in these currencies. The USD/JPY currency pair is currently trading within a symmetrical wedge