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Source: Forexcom News Agency
1 week ago
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Gold forecast: XAU/USD struggles as dollar debasement narrative fades

Gold forecast: XAU/USD struggles as dollar debasement narrative fades

Gold prices weakened (-0.5%) by mid-day in London, while silver (-2.3%) gave back all of yesterday's gains, and copper (-3%) took the brunt of the sell-off with an even sharper drop. It is hardly surprising to see the metals struggle in this macro environment.

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XAUUSD XAU/USD
Source: Forexcom
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Source: Action Forex News Agency
1 week ago
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Chart Alert: EUR/USD Minor Uptrend Intact Ahead of ECB as Markets Brace for 25bp Rate Hike

Chart Alert: EUR/USD Minor Uptrend Intact Ahead of ECB as Markets Brace for 25bp Rate Hike

EUR/USD is holding close to a two-week high around 1.1640 ahead of today's European Central Bank (ECB) monetary policy decision, with markets widely expecting a 25-basis-point rate hike as policymakers respond to renewed inflation pressures from surging energy prices.

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EURUSD EUR/USD
Source: Action Forex
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Source: MarketPulse News Agency
1 week ago
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Chart alert: EUR/USD minor uptrend intact ahead of ECB as markets brace for 25bp rate hike

Chart alert: EUR/USD minor uptrend intact ahead of ECB as markets brace for 25bp rate hike

EUR/USD holds near a two-week high around 1.1640 ahead of the ECB monetary policy decision, with markets expecting a 25-basis-point rate hike to 2.50%. Attention is on Christine Lagarde's guidance as surging energy prices revive inflation risks and raise the possibility of further tightening.

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Source: MarketPulse
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