Gold Price Forecast: XAU/USD bulls reach a critical milestone on daily chart ahead of Jackson Hole
Gold extended its bullish correction to the 38.2%$ ratio target and there is every chance of
USD could peak during the fourth quarter – Wells Fargo
Analysts at Wells Fargo continue to see US Dollar strength through the end of 2022
USD/CAD refreshes daily high, climbs above 1.3000 post-US Durable Goods Orders
USD/CAD regains positive traction on Wednesday and reverses a part of the overnight slide. Rising
GBP/USD struggles for a firm direction, stuck in a range above 1.1800 mark
GBP/USD struggles to gain any meaningful traction and oscillates in a range on Wednesday. The
AUD/USD remains on the defensive, around 0.6920 area amid modest USD strength
AUD/USD attracts some dip-buying on Wednesday, though lacks bullish conviction. Retreating US bond yields seem
USD/JPY keeps the red around 135.50 amid weaker yields, US data eyed
USD/JPY keeps corrective decline intact from monthly highs. The US dollar clings to recovery gains
USD/CNH faces the next hurdle at 6.8600 – UOB
According to FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, the
GBP/USD slides to over one-month low, below 1.1800 mark amid sustained USD buying
GBP/USD continues losing ground for the fourth straight day and drops to a fresh monthly
AUD/USD struggles to capitalize on recovery move beyond 0.6900 amid stronger USD/risk-off
AUD/USD catches fresh bids on Monday and snaps a five-day losing streak to a multi-week
EUR/USD remains depressed and pierces parity
Further weakness prompts EUR/USD to breach the parity level. Extra downside could challenge the YTD