Gold slumps below $4000 and Oil rallies
Gold slumps below $4000 and Oil rallies
Market narrative
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Gold slumps below $4000 and Oil rallies
Forex
XAU/USD outlook: Gold remains at the back foot ahead of Fed, inflation data
Economists say the Dollar-Yen could extend higher unless the BoJ signals faster rate hikes, with its three-month forecast at 159 now requiring several factors to align. The US Dollar traded close to 163.84 against the Japanese Yen on Wednesday, holding near its highest level of 2026 as markets awaited policy decisions from both the Federal.
Gold price eases for the third straight day and retests very important $4000 support on Wednesday, as initial enthusiasm about diplomatic action replacing hostilities in the Middle East, faded after fresh attacks of US / Saudi armies on Iraq.
Scotiabank analysts warn that options markets are pricing greater protection against Euro exchange rate weakness, while ING sees scope for EUR/USD to revisit 1.15 after the Fed. The Euro to Dollar (EUR/USD) exchange rate traded around 1.1390 on Wednesday, holding within an unusually narrow range as markets waited for the Federal.
The Swiss Franc remains under pressure due to low interest rates, with the latest rumors that the SNB may hold zero rates until end of 2027, adding to negative outlook for the currency.
Euro holds below 1.1400 against US Dollar as Fed interest rate decision looms
Gold: Fed risk caps CTA upside – TD Securities
USD/CAD threatened a breakout after the last Fed meeting but ultimately failed to leave the 1.4200 level behind. Since then,.
EUR/CHF outlook: Continues to trend higher as Swiss Franc remains pressured by low interest rates
Michael Boutros, FOREX.com Senior Market Analyst, examines the USD/JPY outlook ahead of the Federal Reserve and Bank of Japan rate decisions, highlighting the key technical levels, Treasury yield correlation and why a break above 164 could open the path toward 165. He also explains how market positioning, Fed expectations and BOJ policy could shape the next major move for the Japanese yen.
The gold market continues to sit just above a major round figure, as we are heading into the Wednesday session, which will feature the Federal Reserve interest rate decision.
Silver continues to see pressure on Wednesday, as we see an interest rate decision coming out, and the overall moves of the US dollar continue to weigh on the mind. At this juncture, volatility is possible.
Higher real yields and a firmer US Dollar may keep gold prices under pressure, but analysts eye weakness towards $3,850–$4,000 as an opportunity to rebuild exposure. The Gold price in US Dollars (XAU/USD) traded around $4,031 an ounce on Wednesday, attempting a modest recovery after losing 1.2% in the previous session and falling for a.
Gold struggles for direction ahead of Federal Reserve policy verdict
EUR/USD Price Forecast: Struggling below 1.1400 with all eyes on the Fed
AUD/USD outlook: Australian Dollar slides on softer than expected inflation
EUR/GBP Price Forecast: Eases from 0.8575 resistance with the bullish bias intact
Gold and silver continue to consolidate above major historical support zones as markets await the Federal Reserve's policy decision. While gold is holding above a decade-long trendline dating back to 2016, silver is facing a multi-decade support zone originating from the 1980 highs.
Gold: The Fed will lead the way