Market narrative
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TL;DR: EUR/USD's rebound reflects broad-based Euro strength as oil's rebound since mid-week pushes markets toward the ECB's own hawkish scenario, lifting September hike odds to roughly 70%.
Forex
Silver price today: Silver falls, according to FXStreet data
Bank of England vote could spur GBP/USD jump
USD/JPY temporary in equilibrium: Multiple factors in focus
GBP/USD Price Forecast: Keeps the red near 1.3350 as traders await BoE rate decision
Euro: Data-driven range trade into Q3 against US Dollar – ING
Silver Price Forecast: XAG/USD turns upside down amid soaring US Treasury Yields
Fed uncertainty and dollar strength pressure platinum, while tighter South African supply supports the long term outlook.
USDJPY(Yen) pushes lower The USDJPY(Yen) gained some momentum against the dollar as the pair hit a heavy rejection. Prices were hitting double tops, but a bearish divergence suggested a deceleration in the upward momentum.
British Pound: BoE hike pricing supports Sterling against US Dollar – MUFG
The pound strengthened following the outcome of the US Federal Reserve meeting, where the central bank, as expected, kept interest rates unchanged. However, the Fed did not provide the market with clear signals of an imminent shift towards rate cuts, maintaining a cautious approach to future monetary policy.
USD/JPY Price Forecast: Rising 20-day EMA backs bullish bias
The Pound-Dollar rate could remain under pressure unless the Bank of England delivers a sufficiently hawkish message after an inconclusive Federal Reserve decision. The Pound to US Dollar (GBP/USD) exchange rate weakened on Thursday morning as markets turned their attention to the Bank of England following a divided Federal Reserve policy.
Euro: Fed split supports EUR against US Dollar – Commerzbank
USD/CAD Price Forecast: Rebounds above 1.4050, constructive outlook prevails above 100-day SMA
Pound-Australian Dollar could extend gains if the Bank of England keeps the door open to higher rates after Australia's softer inflation weakens the Aussie. The Pound to Australian Dollar (GBP/AUD) exchange rate surged on Wednesday after weaker-than-expected Australian inflation sharply reduced expectations for another Reserve Bank of.
Pound-Euro could remain under pressure if the Bank of England maintains a cautious outlook while stronger Eurozone data supports the single currency. The Pound to Euro (GBP/EUR) exchange rate traded in a narrow range on Wednesday near a four-week low as investors awaited Thursday's Bank of England interest rate decision and key.
EUR/USD Price Forecast: A bullish comeback seems underway
Gold reassesses policy credibility as markets validate the Fed's message
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
