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Euro: Hawkish ECB hike expected to support EUR against US Dollar – Scotiabank
Silver price rebounds as US Dollar weakness clashes with rising rate expectations
Gold struggles for momentum near $4,500 as rising U.S. rates and major central bank and inflation decisions keep traders cautious.
Silver remains range-bound between $65 and $70 as traders await PPI, CPI and the Fed, with $68 acting as near-term resistance.
Euro benefits from broad US Dollar weakness ahead of ECB rate decision
Pound Sterling Price News and Forecast: GBP/USD strengthens above 1.3550
Gold buyers struggle near $4,400 amid Fed rate hike bets, rising Oil prices
Risk appetite remained subdued on Wednesday, with equities and bonds under pressure as another leg higher in oil prices added to concerns over the deteriorating situation in the Middle East. In foreign exchange markets, the dollar was modestly firmer after initially weakening against most major currencies.
Moneta Markets Launches 24/7 Gold Trading on MT5
EUR/USD Price Forecast: 1.1686-1.1710 zone remains key hurdle
The Japanese yen is extending one of its strongest rallies of the year, pushing the USD/JPY pair down to around 153.61 on Wednesday and bringing the currency to its strongest level against the US dollar since February 2026.
Gold Spot/US Dollar faces rejection at 0.618 Arc – Potential decline toward 4,366
Silver price today: Silver rises, according to FXStreet data
Gold Price Forecast: XAU/USD bounces up to $4,400 with the bearish trend intact
The Euro hit a correction towards the target and support of 1.1570, as the market still holds above this support since last week. As we see from the chart and as long as the market holds above this support, a rebound towards 1.1710 is likely.
