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USD/CAD Price Forecast: Going nowhere in a hurry as bull-bear tussle continues
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The USD/CAD pair gains positive traction for the second straight day on Friday and climbs to the 1.3675 region during the early part of the European session amid a modest US Dollar (USD) strength.
S&P Global PMIs expected to show US economy continued to grow in July
1753358400 from FXSTREET
S&P Global will release on Thursday its preliminary July Purchasing Managers' Indices (PMIs) for the United States, based on surveys of top private sector executives, to provide an early indication of economic momentum.
Pound Sterling weakens as UK PMI grew modestly
1753357611 from FXSTREET
The Pound Sterling (GBP) declines against its major peers on Thursday as the preliminary United Kingdom (UK) S&P Purchasing Managers’ Index (PMI) report for July has shown that the overall business activity grew at a slower-than-projected pace.
USD/JPY Price Forecast: Bears have the upper hand amid reviving BoJ rate hike bets
1753347430 from FXSTREET
The USD/JPY pair stages a goodish intraday recovery of over 50 pips from a two-week low touched earlier this Thursday and moves back closer to mid-146.00s during the first half of the European session.
EUR/USD Forecast: Euro clings to bullish stance as focus tilts to ECB
1753339791 from FXSTREET
Following a short-lasting technical correction in the European session on Wednesday, EUR/USD regained its traction in the second half of the day to close in positive territory. The pair holds steady above 1.1750 early Thursday as investors remain on the sidelines ahead of key macroeconomic events.
Gold Price Forecast: XAU/USD stays hopeful whilst key support holds ahead of US PMIs
1753328681 from FXSTREET
Gold price is nursing losses below $3,400 in Asian trading on Thursday. Traders digest the latest developments around US trade deals, awaiting the preliminary global PMI data for fresh directives.
EUR/USD Price Forecast: Sellers gain confidence, lower lows at sight
1752756978 from FXSTREET
The EUR/USD pair remains under pressure, trading near a fresh weekly low at 1.1552. The US Dollar (USD) retains its firm tone across the FX board after a volatile day in which the Federal Reserve’s (Fed) autonomy and tariffs retained the spotlight.
Pound Sterling gains on upbeat UK employment data
1752749062 from FXSTREET
The Pound Sterling (GBP) trades higher against its major peers, except for the US Dollar, on Thursday. The British currency gains after a mixed United Kingdom (UK) job market report, which showed more employment levels but also a higher unemployment rate.
GBP/USD Forecast: Pound Sterling limits losses after UK employment data
1752748262 from FXSTREET
GBP/USD trades marginally lower on the day at around 1.3400 in the European session on Thursday. Although Pound Sterling gathers strength against other major currencies, GBP/USD's technical outlook is yet to point to a buildup of recovery momentum.
Dow Jones futures trades broadly stable ahead of Netflix earnings, US-EU trade talks
1752748076 from FXSTREET
Dow Jones futures trade quietly during the European trading session on Thursday. Financial market participants have sidelined, with investors await fresh cues on trade talks between the United States (US) and the European Union (EU).
EUR/USD remains pinned near multi-week lows with US Retail Sales on focus
1752747390 from FXSTREET
The EUR/USD pair is trading lower on Thursday, with investors averse to risk after a turbulent US session on Wednesday as tensions between US President Donald Trump and Fed Chair Jerome Powell escalated.
EUR/USD Forecast: Euro remains bearish following wild fluctuations
1752746752 from FXSTREET
EUR/USD loses its traction after posting moderate gains on Wednesday and trades slightly below 1.1600 in the European session on Thursday. The pair's technical outlook suggests that the bearish bias remains unchanged in the near term.
EUR/GBP breakout signals Fresh upside – Société Générale
1752746678 from FXSTREET
EUR/GBP has broken out of its recent consolidation range, confirming renewed bullish momentum. With technical indicators supportive, the pair now targets higher levels, provided key support at 0.8585 holds, Société Générale's FX analysts note.
GBP/JPY nears YTD highs at 199.80 as tariffs, political uncertainty hurt the Yen
1752746505 from FXSTREET
The Pound has shrugged off the impact of the grim UK employment figures seen earlier today to rally against a weaker Japanese Yen, weighed by the increasing political uncertainty and lack of progress in the trade talks with the US.
DXY: 50-DMA an interim top? – OCBC
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US Dollar (USD) had its choppy momentum overnight following reports that President Trump had considered dismissing Fed Chair Powell – though these claims were later denied by the man himself. DXY was last at 98.68 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
AUD/USD: Resistance levels are at 0.6530 and 0.6550 – UOB Group
1752744612 from FXSTREET
There is a chance for Australian Dollar (AUD) to test 0.6480 against US Dollar (USD). In the longer run, there has been a tentative buildup in momentum; AUD is likely to edge lower to 0.6480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/INR gains marginally while US Dollar outperforms
1752743905 from FXSTREET
The Indian Rupee (INR) ticks down against the US Dollar (USD) on Thursday as the latter trades firmly, following confirmation from United States (US) President Donald Trump that he will not fire Federal Reserve (Fed) Chair Jerome Powell.
Gold Price Forecast: XAU/USD remains confined within the monthly trading range
1752735358 from FXSTREET
Gold price (XAU/USD) initially shot to a three-and-a-half week high, around the $3,377 area amid nervousness over reports that US President Donald Trump was seeking to remove Federal Reserve (Fed) Chair Jerome Powell.
EUR/USD Price Forecast: Mounting tensions hint at lower lows
1752671460 from FXSTREET
The EUR/USD pair bottomed at 1.1592 on Tuesday, a fresh July low, as the US Dollar (USD) rallied on the back of hot United States (US) inflation and mounting tariffs concerns. June Consumer Price Index (CPI) figures came in line with the market’s expectations, yet above May’s reading.
GBP/USD Forecast: Pound Sterling remains fragile despite hot UK inflation readings
1752657814 from FXSTREET
Following a short-lasting recovery attempt in the early European session on Wednesday, GBP/USD struggles to hold its ground and trades below 1.3400. The near-term technical picture highlights oversold conditions for the pair.
USD/JPY Price Forecast: Consolidates near multi-month peak before the next leg up
1752656253 from FXSTREET
The USD/JPY pair enters a bullish consolidation phase after touching its highest level since late April earlier this Wednesday and seesaws between tepid gains/minor losses through the first half of the European session.
Gold Price Forecast: XAU/USD defends 50-day SMA ahead of US PPI inflation data
1752637973 from FXSTREET
Gold price is replicating the tepid recovery moves seen in the first half of Tuesday’s trading as buyers try their luck the third time early Wednesday, heading into the US Producer Price Index (PPI) inflation test.
Gold Price Forecast: XAU/USD battles a critical Fibonacci level around $3,325
1752597608 from FXSTREET
Spot Gold remains spent the first half of the day hovering around the $3,350 level, seesawing around it without finding a clear way. The market sentiment was also volatile, reflecting uncertainty and keeping the XAU/USD pair in a range.