
British Pound: Range trade with upside risk against US Dollar – Scotiabank
British Pound: Range trade with upside risk against US Dollar – Scotiabank
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British Pound: Range trade with upside risk against US Dollar – Scotiabank

Gold shines and rises on Iran's deal hopes, lower US yields

Over the last few sessions, the USD/CAD has seen a slight appreciation of nearly 0.3% in favor of the US dollar. However, beyond this mild bias, the broader chart picture reflects a prolonged consolidation.

USD/JPY Price Forecast: 200-day SMA caps rebound after intervention-led selloff

EUR/USD Price Forecast: Needs to take out 1.1600 decisively for fresh upside

NZD/USD Price Forecast: Holds steady near 0.5870 as bullish bias remains

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.

Silver price today: Silver rises, according to FXStreet data

USD/CHF Price Forecast: Dollar, capped at 0.8100, hints at a potential “H&S” pattern

GBP/USD under pressure: Pound lags behind peers

Japanese Yen weakens despite intervention warnings as USD/JPY rebounds near 158

Gold Price Forecast: XAU/USD remains sideways around $4,050 during US NFP week

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.

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.

Gold holds steady as traders weigh US-Iran talks, Fed outlook