Silver (XAG) Forecast: Oil Rally Revives Rate Hike Fears, Silver Weakens
Silver prices slide as the U.S.-Iran conflict lifts oil, fuels inflation fears and raises Fed rate hike risk. See key support levels and market outlook.
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Silver prices slide as the U.S.-Iran conflict lifts oil, fuels inflation fears and raises Fed rate hike risk. See key support levels and market outlook.
Forex
USD/CHF Price Forecast: Bulls remain capped below 0.8100 despite the risk-off market
EUR/USD and Gold price outlook ahead of US CPI and amid re escalating Hormuz tensions. Key technical levels, patterns, and c.
The Pound to Australian Dollar (GBP/AUD) exchange rate opens the new week around 1.9271 after holding close to five-month highs, with Sterling remaining well supported while the Australian Dollar faces another busy week of domestic data and renewed scrutiny over China's economic outlook. Latest — Exchange Rates:Pound to Australian.
Silver Price Forecast: XAG/USD falls to near $58.00 due to prevailing bearish bias
British Pound: Rally fades into range trade against US Dollar – UOB
EUR/GBP Price Forecast: Steadies near 0.8500 with upside attempts limited
USD/CAD Price Forecast: Higher Oil prices strengthen Canadian Dollar
With strong U.S. fundamentals, fiscal deficits, and reserve-currency status, the Dollar responded to FOMC minutes amid shifting risk sentiment. DXY held steady at $101.07, EUR/USD defended blue trendline support, and GBP/USD maintained bullish structure above $1.3388.
Gold and silver showed technical resilience supported by ongoing official accumulation and tight mine supply. Gold held $4,059 defending key support while silver held $58.00.
The Pound to Dollar (GBP/USD) exchange rate climbed over the past week, briefly reaching a three-week high as Sterling remained well supported despite renewed geopolitical tensions in the Middle East. At the time of writing, GBP/USD was trading at $1.3417, up around 0.5% on the week.
Euro: Range trading with downside risks against US Dollar – UOB
The Pound to Euro (GBP/EUR) exchange rate extended its recent rally last week, with Sterling repeatedly climbing to fresh one-year highs as fading UK political uncertainty and diverging central bank expectations continued to favour the Pound. At the time of writing, GBP/EUR was trading at €1.1741, close to its highest level since June.
USD/JPY and the U.S. Dollar Index are approaching critical technical levels. Razan Hilal, FOREX.com Market Analyst, explains why the Dollar Index holding above 100 could fuel a major USD/JPY breakout toward 170 and beyond, while identifying the key support levels that could instead trigger a bearish reversal for both the dollar and the yen.
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
USD/JPY Price Forecast: Hovers around nine-day EMA near 162.00
Pakistan Gold price today: Gold falls, according to FXStreet data
AUD/JPY Price Forecast: Softens below 112.50, bearish tone prevails