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Gold Price Forecast: XAU/USD pulls back below $4,100 weighed by higher US yields
Gold (XAU/USD) trades lower on Thursday, snapping a four-day rally.
Thu, Jul 23
Crypto Today: Bitcoin, Ethereum, XRP trim gains despite resilient ETF inflows
Cryptocurrency prices are trending lower on Thursday, pressured by renewed inflation concerns stemming from ongoing tensions between the United States (US) and Iran and persistently elevated Oil prices.
Thu, Jul 23
US Dollar Index: Upside risks persist as yields climb – BBH
Brown Brothers Harriman’s Elias Haddad notes that the US Dollar is holding on to most of its weekly gains as US Treasury yields remain elevated.
Thu, Jul 23
Gold falls as Middle East tensions lift Oil prices, Fed rate hike bets
Gold (XAU/USD) loses ground on Thursday, snapping a four-day winning streak as the US Dollar (USD) rebounds, while Oil prices extend their gains on rising tensions in the Middle East. At the time of writing, XAU/USD trades around $4,090 after hitting a two-week high of $4,165 on Wednesday.
Thu, Jul 23
India M3 Money Supply: 12.5% (July 6) vs previous 13%
Thu, Jul 23
European Central Bank: Hawkish ECB pricing supports Euro – MUFG
Lee Hardman at MUFG notes that Euro-zone yields have climbed to fresh year-to-date highs ahead of the European Central Bank (ECB) meeting, with markets pricing 2–3 further rate hikes and almost fully discounting another move in September.
Thu, Jul 23
Worldcoin Price Forecast: WLD steadies as multiple bullish signals line up
Woldcoin (WLD) price trades around $0.3838 at press time on Thursday, extending a consolidative tone capped beneath the 50-day Exponential Moving Average (EMA) at $0.4141. WLD token emissions are scheduled to drop by 43% from Friday, reducing supply pressure.
Thu, Jul 23
South African Rand: SARB resolve key for rand – Commerzbank
Commerzbank’s Volkmar Baur sees it as almost certain that South African Reserve Bank (SARB) will hike 25 bps to 7.25%, reversing a third of its 2024–25 easing after inflation re-accelerated on fuel and core components above target.
Thu, Jul 23
Dogecoin Price Forecast: DOGE nears yearly low as risk appetite fades
Dogecoin (DOGE) extends its decline on Thursday, approaching its yearly low at $0.069 as bearish sentiment continues to weigh on the meme coin. Escalating US-Iran conflict and fresh Houthi threats have dampened risk appetite, weighing on speculative assets such as DOGE.
Thu, Jul 23
Canadian Dollar: Retail sales set to beat consensus – TD Securities
TD Securities strategists look for Canadian Retail Sales to rise 1.1% month-on-month in May, slightly above the 1.0% consensus, driven by higher gasoline prices and a rebound in core spending.
Thu, Jul 23
British Pound holds losses below 1.3400 as PM Burnam stokes fiscal worries
The British Pound (GBP) consolidates losses below 1.3400 against the US Dollar (USD) on Thursday, on track for a 0.6% weekly decline, following a reversal from 1.3558 highs last week.
Thu, Jul 23
EUR/JPY Price Forecast: Euro trims gains but holds above previous highs at 186.32
The Euro (EUR) is giving away previous gains against the Japanese Yen (JPY) on Thursday, as investors position for the European Central Bank's (ECB) monetary policy decision.
Thu, Jul 23
Turkish Lira: High carry stays attractive as easing delayed – ING
ING’s Frantisek Taborsky expects the Central Bank of the Republic of Türkiye (CBRT) to keep its 37.00% rate unchanged, with geopolitical tensions, Oil above $90 and tariff changes limiting scope to absorb higher energy costs.
Thu, Jul 23
European Central Bank: Oil-driven risks to policy path – Societe Generale
Societe Generale strategists note that Oil and Natural Gas prices have surged since the June European Central Bank (ECB) meeting, reversing optimism that followed the US–Iran Memorandum of Understanding (MoU).
Thu, Jul 23
Australian Dollar: Jobs strength keeps RBA hike priced – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes AUD/USD is consolidating near 0.7000 after strong Australia employment data. Solid June job gains keep Reserve Bank of Australia (RBA) hike expectations alive, with cash rate futures now virtually fully pricing a move to 4.60% by year‑end.
Thu, Jul 23
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $58.84 per troy ounce, down 1.67% from the $59.83 it cost on Wednesday.
Thu, Jul 23
Euro: ECB seen hiking in September – Commerzbank
Commerzbank’s Antje Praefcke argues the European Central Bank (ECB) can delay action today but will keep a hawkish tone as inflation stays near 3% and core pressures may even rise.
Thu, Jul 23
Norwegian Krone: Limited upside from Norges Bank flows – BNY
BNY’s Geoff Yu argues that while Norwegian Krone (NOK) should find demand from improved Oil and gas terms of trade and a relatively hawkish Norges Bank, elevated holdings and modest FX purchases limit upside.
Thu, Jul 23
European Central Bank: September hike risk builds – ING
ING’s Michiel Tukker expects the European Central Bank (ECB) to keep the deposit rate at 2.25% at the upcoming meeting, with a September hike seen as likely as Oil prices rise and markets already price in around 23bp.
Thu, Jul 23
Swiss Franc weakens as safe-haven demand lifts US Dollar
USD/CHF extends its gains for the fourth successive day, trading around 0.8150 during the European hours on Thursday. The pair appreciates as the US Dollar (USD) gains ground after recovering its daily losses amid rising geopolitical tensions between the United States (US)-and Iran.
Thu, Jul 23
