
investingLive European markets wrap: Gold stays poised, dollar tentative awaiting US CPI report
We're less than an hour away now from that, so it is finally about time to see some action in markets after a more tentative setup in the past few days.
تابع أحدث الأخبار المالية والاقتصادية وتحديثات الأسواق والتقارير والتحليلات على PipVero.

We're less than an hour away now from that, so it is finally about time to see some action in markets after a more tentative setup in the past few days.

Pound-Dollar could hold above $1.35 if US inflation cools as expected, although renewed Middle East tensions risk reviving safe-haven demand for the Greenback. The Pound to US Dollar (GBP/USD) exchange rate traded with a softer bias on Tuesday as fresh uncertainty surrounding the Middle East supported demand for the US Dollar.

Pound-Australian Dollar could stay near AU$1.91 if UK GDP supports Sterling, although hawkish RBA signals may keep the ‘Aussie' well underpinned. The Pound to Australian Dollar (GBP/AUD) exchange rate traded in a narrow range on Tuesday, after early volatility triggered by the Reserve Bank of Australia's latest policy decision.

The Euro-Dollar exchange rate has broken out of its recent base, with FX analysts at Société Générale now watching the 1.1610/1.1625 zone as the next resistance area. The Euro to US Dollar (EUR/USD) exchange rate was trading around 1.1543 late on Tuesday, still holding most of the recovery from late July and roughly 1.2% higher over.

Euro: Soft US CPI could support gains against US Dollar – ING

For years, the financial news space has been flooded with narratives of dollar doom, an incoming hyperinflation, and gold winning once the U.S. currency finally dies.

CPI decides whether gold buyers clear $4,435.25 and target the 200-day average or trigger a deeper XAUUSD correction.

Gold rises above $4,400 as US inflation data takes centre stage

Silver price today: Silver rises, according to FXStreet data

The US dollar continues to recover from the blow dealt by the labour market statistics. A rally in Treasury bond yields is driving the rise in the USD index amid tensions in the Middle East and a resurgence of expectations that the Fed will tighten monetary policy in September.

USDCAD continues lower The American dollar continued its journey lower as the sell-off shows no signs of stopping. The pair is struggling to stay afloat at the 1.3900 zone as sellers pile on the pressure.

Gold as a sure-fire bet

DXY, EUR/USD and GBP/USD trade near key technical levels as markets await U.S. CPI for fresh clues on inflation and the Fed's September policy outlook.

Silver Price Forecasts: XAG/USD resumes its uptrend, with bulls aiming for $67.17

AUD/USD outlook: RBA hawkishness meets the US CPI test