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EUR/USD: Likely to trade with an upward bias – UOB Group
There is a chance for EUR to test 1.1685; a sustained rise above this level appears unlikely. In the longer run, Euro (EUR) is likely to trade with an upward bias; it is unclear for now if it can reach 1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Aug 7
Silver Price Forecast: XAG/USD is testing resistance at $38.30
Silver (XAG/USD) is heading higher on Thursday, favoured by a weaker US Dollar, as market concerns about the US economic outlook and higher hopes of Fed rate cuts are weighing heavily on the US Dollar.The US Dollar Index, which measures the Greenback against a basket of the most traded currencies, h
Fxstreet
Thu, Aug 7
NZD/USD rises beyond 0.5950 on risk appetite, strong China exports
The New Zealand Dollar appreciates for the second consecutive day against the US Dollar on Thursday, buoyed by a positive market mood and strong import and export data from China, pointing to the economic recovery of New Zealand’s main trading partner.
Fxstreet
Thu, Aug 7
GBP/JPY falls below 196.50 as BoE eyes quarter basis point rate cut
GBP/JPY depreciates after registering gains in the previous two successive sessions, trading around 196.30 during the European hours on Thursday. The currency cross remains subdued following the release of Halifax House Prices from the United Kingdom (UK).
Fxstreet
Thu, Aug 7
EUR/GBP holds below 0.8750, all eyes on BoE rate decision
The EUR/GBP cross trades on a negative note near 0.8730 during the early European session on Thursday. The Euro (EUR) remains weak against the Pound Sterling (GBP) after the German Industrial Production data. All eyes will be on the Bank of England (BoE) interest rate decision later on Thursday.
Fxstreet
Thu, Aug 7
USD/CHF trades with negative bias around mid-0.8000s, downside remains cushioned
The USD/CHF pair trades with a negative bias for the third consecutive day, though it lacks follow-through selling amid mixed fundamental cues. Spot prices manage to hold above the weekly low through the Asian session on Thursday and currently trade just above mid-0.8000s, down 0.10% for the day.
Fxstreet
Thu, Aug 7
Silver Price Forecast: XAG/USD extends the rally to above $38.00 amid renewed trade concerns
The Silver price (XAG/USD) extends its upside around $38.05 during the early European trading hours on Thursday. The white metal trades in positive territory for the fifth consecutive day amid a softer US Dollar (USD).Fxstreet
Thu, Aug 7
NZD/USD climbs near 0.5950 after China surplus, RBNZ inflation outlook
NZD/USD extends its gains for the second successive session, trading around 0.5950 during the Asian hours on Thursday. The pair appreciates following the release of China’s trade balance and the Reserve Bank of New Zealand’s (RBNZ) Inflation Expectations data.Fxstreet
Thu, Aug 7
EUR/USD holds positive ground above 1.1650 ahead of German Industrial Production data
The EUR/USD pair trades with mild gains around 1.1665 during the Asian trading hours on Thursday, bolstered by a weaker US Dollar (USD). The German June Industrial Production, Eurozone Economic Bulletin and US weekly Jobless Claims will be released later on Thursday.Fxstreet
Thu, Aug 7
NZD/USD weakens to below 0.5950 ahead of RBNZ Inflation Expectations release
The NZD/USD pair trades on a softer note around 0.5930 during the Asian trading hours on Thursday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) amid renewed tensions between the United States (US) and China.Fxstreet
Thu, Aug 7
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