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FX Desk

EUR/USD Price Forecast: 1.1700 caps bulls as RSI overheats

The shared currency registers minimal losses of 0.13% versus the US Dollar as EUR/USD fails to surpass 1.1700, exacerbating the drop towards the 1.1660 area, despite retaining its current neutral-to-u…

Chinese Yuan: Targeting 6.7200 against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a downside bias on USD/CNH after the pair dipped to 6.7180 and closed near 6.7210. Intraday, they expect any further weakness to be lim…

Gold rallies as Iran sanctions stoke haven demand

Gold (XAU/USD) price resumes its advance on Monday and refreshes three-month highs at $4,681 as US Treasury Secretary Scott Bessent crosses the wires to reveal sanctions on Iran-linked entities, while…

The Dollar Index takes its orders from the Treasury

A currency whose central bank has held five times, prices no cut this year and still carries an increase by December should not be sitting at the bottom of its three-month range. The Dollar Index trad…

Japanese Yen: Focus shifts to BoJ path – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret note that the Japanese Yen (JPY) is slightly softer versus the US Dollar (USD), with USD/JPY trading between 158.00 support and resistance in the …

British Pound holds firm as US sanctions on Iran loom

The Pound Sterling (GBP) holds firm against the US Dollar (USD) at around 1.3640 on Monday, with traders eyeing speeches by US Treasury Secretary Scott Bessent on Iran’s sanctions later in the day and…