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The euro took a heavy hit against the dollar on Thursday as a stronger-than-expected U.S. CPI report reignited bets that the Federal Reserve will keep interest rates higher for longer. Traders were caught off-guard when the CPI data showed inflation heating up again, hinting that the Fed&rsqu

These levels will be crucial for determining the intraday direction. · Resistance (Sellers' Stronghold): $2,350 - $2,355. If the price moves up to this area and gets rejected, it's a sign of continued seller strength and a good short-term bearish signal. · Pivot Zone: $2,330 - $2,335. This was Frida

There is scope for US Dollar (USD) to test 7.1165 before the risk of a recovery increases. In the longer run, for the time being, USD is likely to trade in a range between 7.1000 and 7.1480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. USD is likely to trade in a range between 7.1000

Gold prolongs its record-setting run and continues to draw support from a combination of factors.Geopolitical risks, fears of a US government shutdown and Fed rate cut bets underpin the bullion.Dovish Fed expectations keep the USD depressed and further benefit the non-yielding commodity. Gold (XAU/U

Pound Sterling (GBP) is likely to trade in a range between 1.3375 and 1.3430. In the longer run, downward momentum is starting to slow, but only a breach of 1.3445 would indicate that the weakness in GBP has stabilised, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. Downward momentum is

The Dollar stumbles into the new week, winded after last week’s breakneck sprint on strong U.S. data and less dovish Fed signals. The greenback’s fall back below the 98.00 level on the dollar index is less a collapse and more a reminder that momentum needs fuel. Friday’s PCE report, interpreted by t

BTCUSD SELL 110000 TP 1 109800 TP 2 109700 TP 3 109600 TP 4 107500 SL @ 111300

The UK services PMI overview The UK economy will release its September Services PMI later in the European session at 0830GMT, which is expected to come in at 53.5, down from 54.2 recorded in the previous month. How could it affect GBP/USD? Ahead of the key data, the GBP/USD pair holds above the 1.35