USD/CAD Price Forecast: Weakens below 1.4200 as Oil gains, but technicals still favor upside
USD/CAD Price Forecast: Weakens below 1.4200 as Oil gains, but technicals still favor upside
Market narrative
Move between stock news, official company releases, crypto, and FX without losing the path back to ticker research.
USD/CAD Price Forecast: Weakens below 1.4200 as Oil gains, but technicals still favor upside
Forex
British Pound: Momentum fades against US Dollar – UOB
USD/JPY Price Forecast: Dollar remains capped below 162.40 resistance area
Gold: Central bank demand underpins prices – ING
The Pound to New Zealand Dollar (GBP/NZD) exchange rate fell sharply on Wednesday after the Reserve Bank of New Zealand (RBNZ) raised its Official Cash Rate by 25 basis points to 2.50%, boosting the 'Kiwi' as policymakers struck a more hawkish tone than many investors had anticipated. At the time of writing, GBP/NZD was trading.
The Pound to Dollar (GBP/USD) exchange rate retreated on Tuesday after touching a near three-week high overnight, as renewed geopolitical tensions boosted demand for the safe-haven US Dollar. At the time of writing, GBP/USD was trading at $1.3371, down from an overnight high of $1.3398.
South Africa Net $Gold & Forex Reserve declined to $71.338B in June from previous $73.467B
GBP/USD Price Forecast: Sustenance above 20-day EMA backs further upside above 1.3400
South Africa Gross $Gold & Forex Reserve : $74.115B (June) vs previous $76.58B
South Africa Net $Gold & Forex Reserve up to $71338B in June from previous $73.467B
South Africa Gross $Gold & Forex Reserve dipped from previous $76.58B to $74.12B in June
Euro: Range trade around key supports against US Dollar – UOB
AUD/JPY Price Forecast: Edges higher above 112.50 as mildly bullish bias persists
Euro gains as US Dollar moves sideways amid market caution
Pound Sterling Price News and Forecast: GBP/USD softens to around 1.3355 during Asian session
NZD/USD Price Forecast: Sticks to hawkish RBNZ-led gains to 0.5710-0.5715 confluence
Saudi Arabia Gold price today: Gold rises, according to FXStreet data
Silver climbs above $60.00 despite US–Iran tensions, Fed minutes in focus
Philippines Gold price today: Gold rises, according to FXStreet data
United Arab Emirates Gold price today: Gold rises, according to FXStreet data