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The US dollar continues to hold above the 101 mark, primarily supported by the new Federal Reserve leadership and a higher-for-longer monetary policy outlook amid persistent inflation concerns. Despite the recent pullback in the US Dollar Index (DXY), the broader trend remains constructive, keeping pressure on the euro below 1.1430.
Forex
USD/CHF Price Forecast: Aiming for the 0.8065 area amid wide US Dollar strength
Silver price today: Silver falls, according to FXStreet data
Silver (XAGUSD) outlook improves after a weak jobs report slashed rate hike odds. See why FOMC minutes could decide silver's next move.
The Pound to Australian Dollar (GBP/AUD) exchange rate closed last week around 1.9237 after rallying to its highest level in more than four months, with Sterling supported by resilient UK data while the Australian Dollar struggled to keep pace. Latest — Exchange Rates:Pound to Australian Dollar (GBP/AUD): 1.923707 (-0.26%)Pound to Dollar.
Euro: Upside bias capped by nearby resistance against US Dollar – UOB
Gold found its footing above $4,000 after June's disappointing US payrolls report triggered broad-based Dollar selling and eased expectations for a near-term Fed rate hike. But the rebound is already losing momentum this week.
Silver Price Forecast: XAG/USD holds losses below $62.50 on Fed hike bets
Summary:EUR/USD is trading near 1.1430 as a weaker US dollar helps the pair stabilize after recent losses. Cooling US jobs growth has reduced expectations of another Federal Reserve rate hike, offering support to the euro.
Intraday analysis covering USDCAD , XAUUSD(the gold) , and USOIL , highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets. USDCAD remains undecided The Canadian dollar seeks guidance as the recent choppy price action has seen the pair fall away from the 1.4250 peak.
USD/CAD Price Forecast: Retakes 1.4200 and beyond as bulls await trading range breakout
USD/JPY Price Forecast: Eyes 40-year highs near 163.00 after breaking above nine-day EMA
As the US Dollar benefits from deep capital markets and safe-haven status, it held firm with DXY at $101.03. EUR/USD defended $1.1425 support while GBP/USD advanced to $1.3337 with buyer interest.
Gold and silver showed technical resilience supported by ongoing official accumulation and tight mine supply. Gold rose to $4,153 defending key support while silver held $61.90.
GBP/USD Price Forecast: Pound dips below 1.3350 with bullish momentum losing steam
British Pound: Overbought rally still eyeing 1.3410 against US Dollar – UOB
The Pound to Dollar (GBP/USD) exchange rate rallied to a two-week high last week as a disappointing US jobs report prompted investors to scale back Federal Reserve rate hike expectations, sending the US Dollar sharply lower. At the time of writing, GBP/USD was trading around $1.3369, up approximately 1.3% on the week.
EUR/USD Price Forecast: 20-day EMA acts as key barrier near 1.1460
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Philippines Gold price today: Gold falls, according to FXStreet data
