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GBP/JPY Price Forecast: Oversold conditions help buyers regain ground
USD/JPY has broken below BofA's 155 trigger as BoJ tightening bets, repatriation talk and carry liquidation pull its 149 target closer. The US Dollar to Japanese Yen (USD/JPY) exchange rate plunged to 152.89 on Tuesday, extending its September fall beyond 4% as Bank of Japan tightening bets, repatriation speculation and carry-trade.
Pound Sterling Price News and Forecast: GBP/USD consolidates below mid-1.3500s
Gold reverses early gains as US Dollar rebounds, Oil prices rise
The US dollar has been falling for four of the last five consecutive days. Investors expect the ECB to tighten monetary policy at its next meeting, with signals from Christine Lagarde that the cycle will continue.
EUR/USD Price Forecast: Remains sticky to 20-day EMA
Gold Price Forecast: XAU/USD dips below $4,400 as Middle East tensions grow
Yen strength drives USD/JPY lower as 152 comes into view
Standard Chartered has restored gold to "Overweight" and raised its three-month target to $4,750, followed by $5,000 over 12 months. The Gold price slipped back towards $4,404 on Tuesday as markets continued to digest stronger US employment data and the prospect of another Federal Reserve rate increase.
UBS expects silver to reach $70 by December before advancing to $75 in early 2027 and $80 next September. The Silver price slipped 1.0% towards $65.90 on Tuesday, extending its retreat from August's 15.5% surge as stronger US employment data revived expectations of a September Federal Reserve rate rise.
Silver price today: Silver falls, according to FXStreet data
The euro enters this week's ECB meeting (September 9–10) with genuine hawkish backing, having already been told by insiders that policymakers are prepared to raise rates again to counter the inflationary side-effects of the Middle East conflict, even as they signal little appetite for tightening beyond that. July's hold at 2.25% came with Lagarde explicitly warning that renewed hostilities and the resulting oil price rebound pose upside risks to the inflation outlook, keeping the door firmly open to a move back to 2.50% this week.
AUD/JPY cross has followed a rare pattern where strong commodity prices have not strengthened the Australian dollar. We discuss what it means
NZD/USD Price Forecast: Bears test support at 200-day SMA as risk appetite fades
Gold still holds below the resistance of 4440-60 which adds pressure to the market. As we see over the chart, the Intraday levels show resistance at the 4440-60 zone, where as long as the market hold below it, the drop pressure could sustain with supports at 4365 and 4280.
