Market narrative
Move between stock news, official company releases, crypto, and FX without losing the path back to ticker research.
The Pound-Euro rate could remain rangebound until the Bank of England and Eurozone GDP provide fresh direction later this week. The Pound to Euro (GBP/EUR) exchange rate edged higher on Tuesday after recovering from a three-week low, although a lack of economic data and caution ahead of Thursday's key events limited Sterling's.
Forex
Pound-Australian Dollar could struggle to extend gains unless the Bank of England strikes a hawkish tone, while Australian inflation may revive RBA rate hike bets. The Pound to Australian Dollar (GBP/AUD) exchange rate edged higher on Tuesday as mixed comments from Reserve Bank of Australia Governor Michele Bullock weighed on the.
Pound-Dollar could remain under pressure if the Federal Reserve reinforces expectations for higher US interest rates, while Sterling awaits Thursday's Bank of England decision. The Pound to US Dollar (GBP/USD) exchange rate held near a three-week low on Tuesday as another selloff in global technology stocks underpinned demand for the.
The U.S. dollar, EUR/USD and GBP/USD are in focus on Fed Decision Day as investors await the Fed's policy statement and Chair Kevin Warsh's guidance.
AUD/USD Price Forecast: Seems vulnerable near 0.6950 after soft CPI-driven breakdown
Gold and silver remain in focus on Fed Decision Day as investors await policymakers' guidance on inflation, interest rates and the outlook for XAU/USD and XAG/USD.
Saudi Arabia Gold price today: Gold steadies, according to FXStreet data
Philippines Gold price today: Gold steadies, according to FXStreet data
United Arab Emirates Gold price today: Gold steadies, according to FXStreet data
Pakistan Gold price today: Gold falls, according to FXStreet data
Gold consolidates near two-week low, holds above $4,000 as traders await FOMC decision
India Gold price today: Gold falls, according to FXStreet data
Pound Sterling Price News & Forecast: GBP/USD edges higher after remaining flat in the previous day
Malaysia Gold price today: Gold falls, according to FXStreet data
TL;DR: Australia's soft CPI print has pushed all four major banks into agreement that the RBA's tightening cycle is over for now, driving AUD/USD below its rising channel with 0.6750 emerging as the next major support cluster.
Morning briefing: EUR/USD may trade in the 1.1350-1.1420 region
Gold Price Forecast: XAU/USD looks to the Fed for the next big move
EUR/JPY Price Forecast: Eyes rising wedge top at 187.00
Gold and silver remain under pressure ahead of the Fed decision, with gold testing $3,950 support and silver trading between $55 and $64.
Silver Price Forecast: XAG/USD gains even as oil prices rebound, Fed policy awaited
