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Gold edges lower below $4,350 on imminent Fed rate hike
Gold price (XAU/USD) loses ground to near $4,340 during the early Asian trading hours on Monday. The precious metal remains under selling pressure as hotter-than-expected US inflation data raised prospects that the Federal Reserve (Fed) will hike interest rates later this week.
Mon, Sep 14
WTI rebounds toward nearly four-month highs after Saudi pipeline shutdown
West Texas Intermediate (WTI) oil price rebounds after falling nearly 4% in the previous trading day, hovering around $99.40 per barrel during Asian hours on Monday.
Mon, Sep 14
British Pound consolidates above 1.3500 vs USD ahead of this week's UK data, Fed, BoE
The GBP/USD pair struggles to capitalize on Friday's bounce from the vicinity of the monthly swing low and consolidates above the 1.3500 psychological mark at the start of a new week.
Mon, Sep 14
PBOC sets USD/CNY reference rate at 6.7698 vs. 6.7743 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7698 compared to Friday's fix of 6.7743 and 6.7083 Reuters estimate.
Mon, Sep 14
Euro softens below 1.1600 as markets price in Fed rate hike
The EUR/USD pair declines to near 1.1585 during the early Asian session on Monday. The pair extends the decline amid aggressive Federal Reserve (Fed) rate-hike bets following hotter US inflation reports. Traders brace for the Fed interest rate decision later on Wednesday.
Mon, Sep 14
Australian Dollar declines to near 0.7150 as hot US inflation data boost case for Fed rate hike
The AUD/USD pair edges lower to around 0.7160 during the early Asian session on Monday. Stronger-than-expected US inflation reports provide some support to the US Dollar (USD) against the Australian Dollar (AUD). All eyes will be on the US Federal Reserve (Fed) interest rate decision on Wednesday.
Sun, Sep 13
Iran says commercial vessel struck in Strait of Hormuz
Iranian state media claimed an Iranian commercial vessel was struck in the Strait of Hormuz on Saturday, killing one person, amid an ongoing conflicts between the United States (US) and Iran for control over the crucial energy chokepoint, CNN reported.
Sun, Sep 13
New Zealand Business NZ PSI increased to 51.2 in August from previous 50.6
Sun, Sep 13
New Zealand Visitor Arrivals (YoY) up to 8.5% in July from previous 8.1%
Sun, Sep 13
Oman meeting between Gulf states and Iran delayed — Reuters
Omani Foreign Minister Badr Albusaidi said that a meeting in Oman between Gulf countries and Iran to discuss possible agreements on the Strait of Hormuz, which had been scheduled for Monday, has been postponed, Reuters reported on Sunday.
Sun, Sep 13
Bitcoin faces heavy resistance at $81.7K as supply wall blocks rally
Bitcoin (BTC) has paused between $76,000 and $82,000, as several key resistance levels converge above spot price.
Sat, Sep 12
Ethereum Price Forecast: ETH's brief surge above $2,600 traps shorts despite hot inflation print
Ethereum (ETH) briefly surged above $2,600 on Friday, reaching its highest level since January, despite the consumer inflation print strengthening rate hike expectations.
Fri, Sep 11
AUD/USD Price Forecast: Doji high guards bulls as Fed bets bite
The AUD/USD ended the day in the green but finished the week 0.45% lower amid growing bets that the Fed will raise rates next week, boosting the US Dollar. Nevertheless, on Friday, the pair traded at 0.7171, up a decent 0.38%.
Fri, Sep 11
Bitcoin could benefit from failed Treasury intervention despite persistent inflation — CoinShares
Bitcoin (BTC) and the broader crypto market saw brief gains Friday following the release of US inflation data.
Fri, Sep 11
Singapore Dollar: Downside bias capped with 1.2705 against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/SGD has rebounded strongly, with short-term momentum pointing higher but key resistance at 1.2705 expected to limit gains.
Fri, Sep 11
USD/CHF Price Forecast: Bulls break 0.8150 as CPI fuels Fed bets
The USDCHF climbs over 0.40% on Friday after US consumer inflation data, coupled with Thursday's PPI, pushed investors to price in a Fed interest rate hike at next week's meeting. The pair trades at 0.8165 after rebounding from daily lows of 0.8124.
Fri, Sep 11
Taiwan Dollar: CBC seen on hold before December hike – DBS
DBS Group Research expects Taiwan’s central bank to keep its policy rate unchanged on September 17, before raising it to 2.125% in December.
Fri, Sep 11
Crude Oil buckles early and grinds back on talk of a Hormuz arrangement
West Texas Intermediate (WTI) trades near $97.00, about 3.4% lower and on track for its first down session in five.
Fri, Sep 11
Chinese Yuan: Bullish bias fades against dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann reports that USD/CNH has bounced sharply to 6.7153, with intraday gains likely capped near 6.7200.
Fri, Sep 11
Silver Price Forecast: Neckline failure keeps bears in control
Silver price registers gains of over 1%, yet it is trading below the ‘head and shoulders’ neckline, an indication that the overall trend in the short-term may be tilted to the downside. The XAG/USD trades at $64.24, after bouncing off daily lows of $62.94.
Fri, Sep 11
