Show:
Gold corrects from all-time peak as rise in Asian stocks prompts profit-taking
Gold (XAU/USD) is extending the previous day's late pullback from the all-time peak, around the $3,578-3,579 area, and drifting lower during the Asian session on Thursday.
GBP/USD weakens below 1.3450, US ISM Services PMI data looms
The GBP/USD pair declines to around 1.3430 during the Asian trading hours on Thursday. The Pound Sterling (GBP) weakens against the US Dollar (USD) amid UK fiscal worries.
EUR/USD holds losses near 1.1650 ahead of Eurozone Retail Sales
EUR/USD edges lower after registering gains in the previous session, trading around 1.1650 during the Asian hours on Thursday. The pair loses ground ahead of Eurozone Retail Sales data.
AUD/JPY holds ground near 97.00 following solid Australia Trade Balance data
AUD/JPY is poised to continue its winning streak that began on August 21, trading around 96.80 during the Asian hours on Thursday. The currency cross moves little following the release of stronger-than-expected Australia's Trade Balance data.
Japanese Yen struggles amid BoJ ambiguity and political uncertainty
The Japanese Yen (JPY) struggles to capitalize on its recovery from a one-month trough touched against its American counterpart the previous day and oscillates in a narrow range during the Asian session on Thursday.
NZD/USD gathers strength above 0.5850 as US job openings fall more than expected
The NZD/USD pair gains traction to near 0.5880 during the Asian trading hours on Thursday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) after economic data showed weakening labor market conditions.
Australian Dollar moves little following Trade Balance data
The Australian Dollar (AUD) holds ground following the release of domestic trade balance data on Thursday.
Japan's Akazawa: Requirement for US executive order to reduce car tariffs
Japan trade negotiator Ryosei Akazawa said on Thursday that he was flying to the United States (US) as administrative talks progress. Akazawa further stated that he will continue to push for a presidential order for the tariffs that have been agreed on.
PBOC sets USD/CNY reference rate at 7.1052 vs. 7.1108 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1052 as compared to the previous day's fix of 7.1108 and 7.1405 Reuters estimate.
WTI drifts lower to near $65.50 amid fears of OPEC triggering oversupply
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.50 during the early Asian trading hours on Wednesday.
When is the Australian Trade Data and how could it affect AUD/USD?
The Australian Bureau of Statistics will publish its data for July on Thursday at 01.30 GMT. Trade surplus is expected to widen to 4,920M MoM in July, compared to 5,365 in the previous reading.
GBP/USD rebounds ahead of key labor data, but still remains on the low side
GBP/USD rose off the mats on Wednesday, clawing its way back above the 1.3400 handle after general market sentiment recovered just enough footing to buoy Cable off of four-week lows below 1.3350.
USD/JPY spins a tight circle as markets weigh sentiment balance
USD/JPY two-stepped near the 148.00 handle on Wednesday, testing higher but remaining capped below the 200-day Exponential Moving Average (EMA) near 148.22.
USD/CAD drifts higher to near 1.3800 ahead of US ISM Services PMI
The USD/CAD pair extends the rally to around 1.3795 during the early Asian session on Thursday. The prospects of a Bank of Canada (BoC) interest rate cut this month weigh on the Canadian Dollar (CAD) against the US Dollar (USD).
AUD/USD pares losses ahead of Australian trade balance figures
AUD/USD rebounded back into the familiar 0.6550 region on Wednesday, with the US Dollar (USD) paring back a recent bout of risk-off strength.
Silver Price Forecast: XAG/USD surges above $41, hits 14-year high
Silver Price advances for the second consecutive day after clearing the $40.00 barrier on Tuesday, rises over 2.80% on Wednesday, trading at $41.18, after reaching a 14-year high of $41.46.
EUR/USD rebounds to 1.1660 as weak US data fuels Fed cut bets
The EUR/USD trims some of Tuesday's losses though it remains shy of claiming the 1.1700 figure, despite broad US Dollar weakness across the board. Economic data in the US strengthened the chances that the Federal Reserve could resume its easing cycle at the September meeting.
Gold extends rally above $3,550 as weak US JOLTS data lifts Fed cut bets
Gold price extended its gains on Wednesday and is up more than 1%, poised to register record highs during the day, after clearing the mid-point of the $3,500-$3,600 range as economic data from the United States showed the labor market is weakening.
Dow Jones Industrial Average left behind as tech stocks rise
The Dow Jones Industrial Average (DJIA) missed the bullish bus on Wednesday, lagging its index peers and slumping over 250 points.
Forex Today: The US labour market will be in the spotlight
The US Dollar (USD) traded on the defensive, setting aside gains recorded in the previous day as investors assessed the recent sharp advance in global yields, while further cooling of the US labour market also weighed down on the Greenback.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy