NZD/USD Price Forecast: Previous highs around 0.5860 are holding bears for now
NZD/USD Price Forecast: Previous highs around 0.5860 are holding bears for now
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NZD/USD Price Forecast: Previous highs around 0.5860 are holding bears for now
Forex
The U.S. dollar weakens after the Federal Reserve held interest rates steady, while EUR/USD and GBP/USD strengthen as markets assess global policy divergence.
USD/JPY Price Forecast: Likely extend decline below 158.00
Silver Price Forecast: XAG/USD falls to near $58.00 on hawkish Fed sentiment
TL;DR: A weaker Dollar usually lifts Gold and Silver, but this week's decline is being driven by fading Fed hike bets and a stock rally rather than falling real yields or safe-haven demand — leaving precious metals without their usual tailwind.
The World Gold Council reported stronger central bank buying in Q2, while a persistent silver supply deficit continues supporting the long-term outlook for precious metals.
EUR/GBP Price Forecast: Euro is testing trendline support at 0.8555
Pound-Dollar could build on recent gains if weaker Fed rate expectations continue to weigh on the US Dollar, although market sentiment remains a key risk. The Pound to US Dollar (GBP/USD) exchange rate climbed to a one-week high on Thursday as investors reacted to the latest interest rate decisions from the Federal Reserve and the Bank of.
GBP/USD Price Forecast: Weakens below 1.3450 while technical uptrend stays intact
MUFG expects USD/JPY to move back below 160 over time, with suspected intervention and faster Bank of Japan rate hikes increasing the risks for Dollar buyers. The Japanese Yen rallied sharply on Thursday, with USD/JPY falling from close to 164 to below 158 before recovering above 160 in Asian trading.
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Philippines Gold price today: Gold falls, according to FXStreet data
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Pakistan Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Malaysia Gold price today: Gold falls, according to FXStreet data
The BOJ appears content to normalise policy gradually, but leaving rates unchanged has handed the initiative back to USD/JPY.
EUR/USD Price Forecast: Weakens to near 1.1500 as 100-day SMA caps upside
Gold drifts lower as USD recovers amid Fed hike bets and geopolitical tensions
Gold and silver remain within key consolidation ranges as softer US inflation, dollar movements and geopolitical tensions shape the outlook for precious metals.