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Forex Today: Relentless Gold rally continues, focus shifts to PMI data
Here is what you need to know on Tuesday, September 23: Gold (XAU/USD) continues to push higher early Tuesday and notches a new all-time-high above $3,750 after rising more than 1.5% on Monday. The economic calendar will feature preliminary September Manufacturing and Services Purchasing Managers' I
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USD/CHF extends beyond 0.7950 amid generalised Swiss Franc weakness
The US Dollar extends gains against a weaker Swiss Franc on Friday and returns above 0.7950.Strong US jobless claims and an unexpected rebound in a manufacturing index have given a fresh push to the USD.The Swiss Franc remains on the back foot amid speculation that the SNB might cut rates into negat
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NZD/USD Price Forecast: Seems vulnerable near 0.5900 confluence on dismal NZ GDP print
NZD/USD attracts heavy selling for the second straight day in reaction to dismal NZ Q2 GDP.The USD builds on the post-FOMC recovery from a multi-year low and also exerts pressure.Bears now await a break below the 0.5900 mark before positioning for a further downfall. The NZD/USD pair extends the pre
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Gold skyrockets as Fed cuts 25 bps, eyes further easing
The Federal Reserve cut rates 0.25% as expected.The FOMC projects additional 50 bps of easing towards the year end.Fed Governor Stephen Miran voted for 50 bps cut as expected. Gold price trades volatile at around $3,650 - $3,700 after the Federal Open Market Committee (FOMC) decided to cut rates by
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ECB's Villeroy: Labour market conditions are in good shape
European Central Bank policymaker Francois Villeroy de Galhau said on Friday that inflation has stabilised at the targeted level, but the risks remain high. Key quotes Inflation has stabilised at the targeted level, but the risks remain high. Economic activity is picking up faster than previously ob
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