Forex News
Latest news from Forex market.
Gold (XAU/USD) Price Forecast: Breaks Out Toward Record Territory
Gold broke out above $3,439 Friday, reaching $3,450 and signaling growing demand. A sustained push above $3,500 would confirm bullish momentum toward record highs.
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United States CFTC Gold NC Net Positions rose from previous $212.6K to $214.3K
United States CFTC Gold NC Net Positions rose from previous $212.6K to $214.3K
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AUD/USD edges into fourth straight winning day
AUD/USD caught a late-week lift on Friday, rising into the 0.6550 region after the latest US inflation data pushed the US Dollar (USD) lower across the board. The Australian Dollar (AUD) stepped into its fourth straight winning session against the Greenback, putting AUD/USD on a collision course with the top end of a technical range that has kept the pair constrained through most of the year.
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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rallies Amid Rising Demand For Safe-Haven Assets
Weak dollar and strong pullback of U.S. equity indices provided support to gold markets.
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Silver Price Forecast: XAG/USD rallies to fresh 14-year high, eyes break above $40.00
Silver (XAG/USD) extends its rally for the fourth consecutive day on Friday, with spot prices climbing to fresh 14-year highs. The metal trades around $39.85 at the time of writing, surpassing the July 23 peak of $39.53, as sustained weakness in the US Dollar (USD) and firm safe-haven demand keep buyers firmly in control.
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U.S. Dollar Pulls Back As Traders React To PCE Price Index Report: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
The American currency is under pressure as traders shrug off inflation worries and bet on dovish Fed.
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Gold Weekly Price Outlook – Gold Has Another Positive Week
The past week has seen the gold market rally quite nicely, as we are still building the pressure to finally breakout, but we are missing a bit of volume this point in the year, as Wall Street is focused more on vacations than anything else.
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Gold rises back to the upper bound of a 4-month long range. Will we get a breakout?
The upside in gold has been supported since Powell's dovish tilt last Friday. Inflation expectations kept on climbing, while Treasury yields fell into new lows.
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USD/CHF slides to one-month low as resilient US data fails to lift Greenback
The Swiss Franc (CHF) extends its rally for the fourth consecutive day on Friday, with USD/CHF slipping toward the 0.8000 psychological mark near fresh one-month lows, pressured by a broadly weaker US Dollar (USD) despite resilient US inflation and spending data.
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Pound Sterling Price News and Forecast: GBP/USD consolidates above 1.3450
The British Pound (GBP) trades under pressure against the US Dollar (USD) on Friday, snapping a three-day winning streak as the Greenback holds firm. GBP/USD is finding a footing above 1.3450 during the American session, stabilizing after the release of the US Personal Consumption Expenditures (PCE) Price Index for July, which came broadly in line with expectations.
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Gold Approached Upper Limit of the 4-Month Trading Range
Gold is trading above $3,400 again at the end of the week. The upper limit of the trading range, within which the price has been fluctuating since April, is close to $3,430.
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EURUSD Rangebound in the Waiting for Further News – Breakout Levels
Without much change to fundamentals, traders have been looking for volatility in the impatient waiting of next Friday's Non-Farm Payrolls report.
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GBP/USD consolidates above 1.3450 with muted reaction to US inflation data
The British Pound (GBP) trades under pressure against the US Dollar (USD) on Friday, snapping a three-day winning streak as the Greenback holds firm. GBP/USD is finding a footing above 1.3450 during the American session, stabilizing after the release of the US Personal Consumption Expenditures (PCE) Price Index for July, which came broadly in line with expectations.
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EUR/USD steadies above 1.1660 as US PCE data matches expectations
The Euro (EUR) is trading under pressure against the US Dollar (USD) on Friday, edging lower in early dealings before steadying around 1.1660 after the US July Personal Consumption Expenditures (PCE) inflation report came broadly in line with expectations.
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USD/JPY –29.08.2025
USDJPY held above the support trend of 146.50-70 which managed to push prices higher again towards 148.10, while more advance is still expected towards 149.15. Below 146.50, more of a drop to re-test the old support of 145.70 is likely, which in turn could activate another advance.
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GBP/USD –29.08.2025
GBPUSD hit the target and support of 1.3360-90 and managed to hit a rebound towards 1.3545 last Friday. As we see over the Intraday chart, if prices remain above the support at 1.3360-90, a rebound towards 1.3585 and above will be expected.
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EUR/USD –29.08.2025
The Euro managed to hold above the support of 1.1550-90 to hit a rebound towards 1.1697 so far. A trading zone inside this triangle formation could control the market.
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Gold Price Outlook – Gold Continues to See Ceiling
The gold market drifted a little bit lower in the early part of the Friday session but still looks strong overall. However, there is an obvious ceiling near the $3500 level, and therefore we have a fight on our hands.
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Silver Price Outlook – Silver Continues to See Volatility
The silver market has pulled back just a bit in the early hours of Friday, as the markets are looking at the $40 level above. This is an area that has been a massive ceiling for some time now.
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EUR/USD, USD/JPY and AUD/USD Forecast – US Dollar Rallies Slightly in Early Friday Trading
The US dollar continues to fight back against a lot of negativity, despite the fact that the Federal Reserve is still expected to cut rates. In other words, something is afoot in the Forex markets at the moment.
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