
Euro: Recovery holds within 1.15–1.16 band against US Dollar – Scotiabank
Euro: Recovery holds within 1.15–1.16 band against US Dollar – Scotiabank
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Euro: Recovery holds within 1.15–1.16 band against US Dollar – Scotiabank

I looked into gold at the start of this week and as I said then, sellers were seemingly showing signs of stall as the $4k level had elicited multiple iterations of support. More recently, it was the higher-lows showing a degree of bullish anticipation, but it wasn't until this morning that buyers took that much needed next step, by pushing price up to a fresh monthly high.

The EUR/USD forecast is for a potential upside continuation as US Pres Trump says a Hormuz deal could be reached on Wednesday.

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Gold price rose over 3% and hit the highest in nearly six weeks on Wednesday, lifted by fresh wave of optimism over a peace talks between the US and Iran, which eased inflation concerns and deflated the US dollar.

The currency markets have no major announcements to focus on today, so ranges are likely to be watched by most.

Silver rallies early during the trading session on Wednesday to test the 50-day EMA. This market continues to pay close attention to the interest rates in America as well.

The gold market rallied early on Wednesday to break out of a rectangle that we had been in for some time.

EUR/USD technical analysis shows the currency pair rebounding off multi-year support after five straight weeks of testing, back into resistance. Michael Boutros, FOREX.com Senior Market Analyst, breaks down the euro-dollar picture across the monthly, weekly, daily and four-hour charts and the macro calendar shaping it.

Gold hits one-month high on ice hopes and weak Dollar

The AUD/JPY forex pair has declined sharply since late July and for a carry trade favourite, investors are weighing how to position themselves

USD/CAD is rising again as oil price decline adds pressure on the loonie, but there's much more that could define its trajectory.

Gold diggers without mining expertise: ASA
![USD/CAD – Sell trade idea, big reward potential [Video]](https://static.pipvero.com/pipvero/uploads/2026-08/general-1-1785933038-019011d7a88a2462.webp)
USD/CAD – Sell trade idea, big reward potential [Video]