Market narrative
Move between stock news, official company releases, crypto, and FX without losing the path back to ticker research.
Intraday bias in EUR/CHF remains neutral for the moment, and more consolidations could be seen below 0.9278. Downside should be contained by 0.9210 support to bring another rise.
Forex
Euro turns upside down as US Dollar bounces back
The Euro to Dollar exchange rate is trading close to 1.1460 after gaining around 0.5% in July, although Rabobank expects choppy conditions to dominate over the coming months. The bank notes that the US Dollar has been the strongest G10 currency since the start of the Iran war, initially benefiting from safe-haven demand and short-covering.
Gold Price Forecast: XAU/USD stays below 20-day EMA, sees further downside below $3,940
Brazilian Real: Below 50dma opens move to 5.00 – Societe Generale
Silver price today: Silver falls, according to FXStreet data
EURGBP edges higher in early Thursday after hitting 13-month low following 0.8% drop on Wednesday (the biggest daily loss since June 22), when the pound was strongly lifted by signals that new PM Burnham will pick a fiscally conservative finance minister to be in charge of handling fragile public finances.
GBP/USD Price Forecast: Dip-buying favored on pullbacks below 1.3500
Summary:USD/SEK remains supported as geopolitical tensions keep demand for the US dollar elevated despite softer US inflation. Sweden's resilient economy and a cautious Riksbank continue to provide medium-term support for the Swedish krona.
Gold fell to 4,033 USD per ounce on Thursday, extending its losing streak. Pressure on the market is being exerted by a sharp rise in oil prices amid intensified attacks in the Middle East, which is once again heightening inflationary fears and expectations of tighter central bank policies.
Silver Price Forecast: XAG/USD falls toward $56.50 after pulling back from nine-day EMA
USD/CHF Price Forecast: Bulls have the upper hand above 0.8000 resistance-turned-support
Gold: Fed repricing supports but upside capped by energy risks – ING
GBP/USD has climbed to a two-month high above 1.35 as investors continue to scale back Federal Reserve rate hike expectations and welcome reports over the UK's next Chancellor.
Intraday analysis covering USDCHF(the franc) , EURJPY , and US30 , highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets. USDCHF(the franc) remains indecisive The Dollar found more resistance as price action attempts to recover from yesterday's slump.
EUR/USD Price Forecast: Testing range top at 1.1485 amid stronger momentum
British Pound: Rally resumes toward key resistance against US Dollar – UOB
U.S. retail sales and jobless claims could reshape Fed rate expectations. See the latest outlook for DXY, EUR/USD and GBP/USD.
Central banks continue accumulating gold while traders await U.S. retail sales. See whether gold can hold $4,020 and silver defend $57.15.
AUD/USD Price Forecast: Trades around 0.7000 after pulling back from 50-day EMA
