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Gold jumps as suspected Yen intervention crushes Dollar, Fed bets ease
Gold jumps as suspected Yen intervention crushes Dollar, Fed bets ease
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Silver rises as softer US inflation weighs on US Dollar
Silver rises as softer US inflation weighs on US Dollar
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Weak dollar provided significant support to precious metals markets.
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Canadian Dollar Forecast: USD/CAD Falls to 1.4000 but CIBC Sees Continuing Fed Risk
US-Canadian Dollar dives after the Federal Reserve held rates, but CIBC says three hawkish dissents leave a September hike firmly in play. The US Dollar to Canadian Dollar (USD/CAD) exchange rate fell sharply following the Federal Reserve's latest policy decision, extending its five-day decline towards the 1.4000 level.
U.S. Dollar Retreats As GDP Growth Rate Misses Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
BoJ intervened to support the yen, putting additional pressure on the American currency.
USD/JPY Breaks Down Below 160 Ahead of the BoJ Announcement
USD weakness forced a pullback but that apparently wasn't enough for Japanese policymakers, with a move that looks interventi.
Pound Sterling Price News and Forecast: GBP/USD surges on BoE hawkish hold, Yen intervention crushes USD
Pound Sterling Price News and Forecast: GBP/USD surges on BoE hawkish hold, Yen intervention crushes USD
Australian Dollar Forecast: AUD/USD Three-Week Range Nears a Breakout
AUD/USD heads into the July close locked in a well-defined three-week range just beneath major resistance, leaving the pair at a pivotal technical inflection point. Buyers continue to pressure the upper boundary of the range while sellers have been unable to force a meaningful rejection, underscoring the constructive nature of the monthly recovery without yet confirming a breakout.
MUFG Euro to Pound Forecast: September Hike Doubts Could Lift EUR/GBP
MUFG warned that Sterling needed stronger September BoE hike conviction to advance, but Thursday's guidance left markets with little reason to bring tightening forward. The Euro to Pound exchange rate (EUR/GBP) traded around 0.8574 on Thursday afternoon after the Bank of England held interest rates at 3.75%, with Sterling failing to.
EUR/USD Mid-Day Outlook
EUR/USD's break of 1.1499 support turned resistance argue that fall from 1.2081 might have completed as a three wave correction at 1.1323. Intraday bias is back on the upside for 1.1621 cluster resistance (38.2% retracement of 1.2081 to 1.1323 at 1.1613).
EUR/JPY Mid-Day Outlook
EUR/JPY's accelerated decline suggests that the corrective pattern from 187.93 has finally started the third leg. Deeper fall could be seen to 180.78 support.
GBP/JPY Mid-Day Outlook
GBP/JPY's decline from 219.56 accelerated lower today, and focus is now on 212.26 support. Strong rebound from there will keep the up trend from 184.35 intact.
USD/JPY Mid-Day Outlook
USD/JPY's steep decline today suggests that a medium term top is probably formed at 163.97 already. Immediate focus is now on rising channel floor (now at 158.74).
Intervention or Positioning? Or Both? USD/JPY's Slide Through 160 Has Traders Guessing
Today's sharp fall in USD/JPY has shifted attention from the Bank of Japan meeting itself to a more immediate question: did Japanese authorities take advantage of the perfect market conditions to intervene?
Gold: FOMC repricing caps CTA upside – TD Securities
Gold: FOMC repricing caps CTA upside – TD Securities
Japanese Yen surges on suspected intervention, EUR/JPY tumbles 400 pips in minutes
Japanese Yen surges on suspected intervention, EUR/JPY tumbles 400 pips in minutes
Gold Price Analysis – Gold Gaps Higher as FOMC Holds Interest Rate
The gold market jumped immediately on Thursday in reaction to the FOMC meeting on Wednesday, as the Fed held. That being said, we are still in the same consolidation.
Breaking: Japanese Yen surges on suspected intervention, USD/JPY plunges below 161.00
Breaking: Japanese Yen surges on suspected intervention, USD/JPY plunges below 161.00
Gold and Silver Near a Breakdown That Could Get Steep
The gold and silver outlook steadied after the Federal Reserve held rates in July, yet a firm dollar and rising Treasury yields keep the pressure on.