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Editors’ Picks
EUR/USD holds gains near 1.0950 after uneventful US PPI
EUR/USD is back on the bids, hovering around 1.0950 ahead of Wall Street's opening on Friday. The US Dollar sheds some ground, but the pair seems to lack further bullish impetus, as risk sentiment remains sour after US data and ahead of Fedspeak.
GBP/USD rises toward 1.3100 after UK data
GBP/USD gained upside traction toward 1.3100 during Friday's European trading, in a delayed reaction to the UK GDP and the industrial growth in August. Mild pressure on the US Dollar maintains the pair afloat as US traders reach their desks.
Japanese Yen bulls remain on the sidelines amid BoJ uncertainty, modest USD strength
The Japanese Yen fails to build on the overnight strength amid the BoJ rate hike uncertainty. A modest USD uptick further assists USD/JPY in regaining some positive traction on Friday. A softer risk tone could limit the JPY losses and cap spot prices ahead of the US PPI report.
Editors’ Picks
EUR/USD Weekly Forecast: Sellers gain confidence alongside the Fed Premium
The EUR/USD pair fell towards a fresh two-month low of 1.0900, finishing the second consecutive week in negative though little changed at around 1.0940.
Read full analysis
GBP/USD Weekly Forecast: Pound Sterling stays vulnerable ahead of UK inflation data Premium
The Pound Sterling (GBP) booked the second straight weekly loss against the US Dollar (USD), sending the GBP/USD pair to the lowest level in a month below 1.3050.
Gold Weekly Forecast: XAU/USD holds above key support area after bearish action to start week Premium
Gold (XAU/USD) declined sharply in the first half of the week but regained its traction after coming within a touching distance of $2,600.
Bitcoin Weekly Forecast: Will BTC decline further?
Bitcoin’s (BTC) price fell over 6% at some point this week until Thursday, extending losses for a second consecutive week, as it faced rejection from a key resistance barrier.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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