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Silver Price Forecast: XAG/USD remains above $49.00 due to prevailing bullish bias
Silver price (XAG/USD) extends its gains after registering more than 2% gains, reaching the new 14-year high of $49.55 in the previous session and currently trading around $49.10 during the European hours on Thursday.
Fxstreet
Thu, Oct 9
Pound Sterling slides further against US Dollar ahead of Fed Powell’s speech
The Pound Sterling (GBP) extends its losing streak for the third trading day against the US Dollar (USD) on Thursday. The GBP/USD pair slides to near 1.3365 as the US Dollar Index (DXY) rebounds after a slight corrective move.
Fxstreet
Thu, Oct 9
NZD/USD falls below 0.5800 as traders adopt caution ahead of Fed Powell’s speech
NZD/USD extends its losses for the third successive session, trading around 0.5770 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) gains ground ahead of the speech by Federal Reserve (Fed) Chair Jerome Powell due later in the day.
Fxstreet
Thu, Oct 9
EUR/GBP strengthens above 0.8650, French political uncertainty might cap the EUR’s upside
The EUR/GBP cross rebounds to around 0.8680 during the early European session on Thursday. The Euro (EUR) edges higher against the Pound Sterling (GBP) as French President Emmanuel Macron is set to appoint a new Prime Minister in the next 48 hours.
Fxstreet
Thu, Oct 9
EUR/JPY stays above 177.50 near all-time highs amid fading likelihood of BoJ rate hikes
EUR/JPY continues its winning streak for the fifth successive session, trading around 177.60 during the Asian hours on Thursday. The currency cross remains close to the fresh all-time high of 177.86 recorded on Wednesday, as the Japanese Yen (JPY) struggles as political shifts dampened the odds for
Fxstreet
Thu, Oct 9
EUR/USD recovers some lost ground to near 1.1650 amid prolonged US government shutdown
The EUR/USD pair recovers some lost ground around 1.1645, snapping the three-day losing streak during the Asian trading hours on Thursday. An ongoing US government shutdown undermines the US Dollar (USD) against the Euro (EUR).
Fxstreet
Thu, Oct 9
Silver Price Forecast: XAG/USD hovers around $49.00 as safe-haven demand eases
Silver price (XAG/USD) trades near $48.90 during the Asian hours on Thursday, remaining below the fresh all-time high of $49.55, which was reached on Wednesday. The price of the grey metal moves little as safe-haven demand eases on signs of subsiding geopolitical risks.Fxstreet
Thu, Oct 9
GBP/USD posts modest gains above 1.3400 amid ongoing US government shutdown
The GBP/USD pair posts modest gains near 1.3405, snapping the two-day losing streak during the early Asian session on Thursday. The US Dollar (USD) softens against the Pound Sterling (GBP) amid concerns over a prolonged US government shutdown.Fxstreet
Thu, Oct 9
USD/JPY extends the rally above 152.50 on fiscal fears in Japan
The USD/JPY pair extends its upside to near 152.60, the highest since February, during the early Asian session on Thursday. The US Dollar (USD) edges higher against the Japanese Yen (JPY) despite US government shutdown concerns. The US weekly Initial Jobless Claims will be postponed again later onFxstreet
Thu, Oct 9
NZD/USD rebounds, eyes 0.5800 with bullish reversal signal in focus
The New Zealand Dollar trimmed some of its losses on Wednesday still finished the session with losses of over 0.20% after reaching a six-month low of 0.5737. Nevertheless, as it recovered and closed above 0.5750, the NZD/USD formed a ‘hammer,’ indicating that bulls outweighed bears.Fxstreet
Wed, Oct 8
EUR/USD extends losses as German data and French political turmoil weigh
EUR/USD extends its losses for three straight consecutive days, down 0.32% as the US government shutdown extends, and the Federal Reserve’s last meeting minutes showed that officials remain cautious on inflation, despite easing policy.Fxstreet
Wed, Oct 8
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