Latest financial and economic news and analysis
Gold: Rebound supported by lower energy – ING
Gold holds steady as traders weigh US-Iran talks, Fed outlook
The pound just closed its strongest week against the dollar in months, ending July up more than 1% and holding just below $1.35. Two factors are driving the move.
Market sentiment improved following a drop in oil prices, as investors grew hopeful that the US and Iran may reach an agreement to restore shipping through the Strait of Hormuz. Such a development would reduce inflation risks and the likelihood of further rate hikes.
Gold Price Forecast: XAU/USD remains sideways around $4,050 during US NFP week
Japanese Yen weakens despite intervention warnings as USD/JPY rebounds near 158
GBP/USD under pressure: Pound lags behind peers
USD/CHF Price Forecast: Dollar, capped at 0.8100, hints at a potential “H&S” pattern
Silver price today: Silver rises, according to FXStreet data
TL;DR: GBP/CAD looks ready to resume its uptrend after rebounding from the 55-day EMA, but a sustained breakout depends on two separate forces — Friday's volatile Canadian jobs report and whether oil's renewed strength above $86 continues to support the Canadian Dollar.
NZD/USD Price Forecast: Holds steady near 0.5870 as bullish bias remains
EUR/USD Price Forecast: Needs to take out 1.1600 decisively for fresh upside
