Tag Archives: CPI

Gold Price Forecast: XAU/USD remains on the defensive amid modest USD strength, risk-on

Gold edges down for the third straight day amid a modest pickup in the USD demand. The risk-on impulse further exerts some downward pressure on the safe-haven metal. The uncertainty over the size of further rate hikes caps the USD and extends support. Gold slips into negative territory for the third straight day on Friday… Read More »

USD/JPY Price Analysis: Drops to over one-week low, looks to 131.40-30 to offer some support

USD/JPY turns lower for the second straight day and drops to over a one-week low on Thursday. The post-US CPI USD selling bias, sliding US bond yields continue to exert pressure on the pair. The risk-on impulse could undermine the safe-haven JPY and help limit the fall, for the time being. The USD/JPY pair attracts… Read More »

Pound Sterling Price News and Forecast: GBP/USD climbs to 1.2230 area

GBP/USD Forecast: Pound to remain bullish as long as 1.2175 support holds GBP/USD has gone into a consolidation phase early Thursday following Wednesday’s impressive rally. The near-term technical outlook suggests that the pair’s bullish bias stays intact and an extended recovery could be witnessed in case buyers continue to defend 1.2175. The dollar came under… Read More »

AUD/USD Price Analysis: Bulls flirt with 200-DMA/ascending channel confluence hurdle

AUD/USD catches fresh bids on Thursday and climbs to a two-month high amid weaker USD. Diminishing odds for a larger Fed rate hike in September, the risk-on mood weighs on the USD. The technical set-up favours bullish traders and supports prospects for further near-term gains. The AUD/USD pair attracts some dip-buying on Thursday and steadily… Read More »