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Gold clings to gains on weaker USD; bearish bias remains amid Iran risks, Fed hike bets
Gold (XAU/USD) maintains its bid tone above the $4,100 mark through the first half of the European session on Thursday and looks to build on the previous day's bounce from a one-week low.
EUR/JPY Price Forecast: Tests symmetrical triangle top above 185.50
EUR/JPY pares steadies after registering modest gains in the previous day, trading around 185.60 during the Asian hours on Thursday.
Canadian Dollar gains ground on surging Oil, rising BoC hike bets
The USD/CAD pair loses ground to near 1.4165 during the Asian trading hours on Thursday. A rise in crude oil prices provides some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Traders await the US weekly Initial Jobless Claims report later on Thursday.
Silver Price Forecast: XAG/USD rebounds above $58.00 despite inflation fears
Silver price (XAG/USD) inches higher after three days of losses, trading around $58.30 per troy ounce during the Asian hours on Thursday.
Iran's Ghalibaf says any US military action will be met with retaliation
Iranian Parliament speaker Mohammad Bagher Ghalibaf warned the United States (US) after two days of renewed US strikes, saying that any U.S. military action will prompt retaliation. Ghalibaf emphasized that access to the Strait of Hormuz remains under Iranian control.
New Zealand Dollar holds ground despite softer China’s CPI data
NZD/USD extends its gains for the second successive day, trading around 0.5720 during the Asian hours on Thursday. The pair holds gains as the New Zealand Dollar (NZD) remains stronger following the Consumer Price Index (CPI) inflation data release from New Zealand’s close trading partner, China.
China’s CPI inflation falls to 1.0% YoY in June, vs 1.1% expected
China’s Consumer Price Index (CPI) climbed 1.0% in June from a year ago after arriving at a rise of 1.2% in May, the National Bureau of Statistics of China reported on Thursday. The market consensus was for 1.1% in the reported period.
China Consumer Price Index (MoM) below expectations (-0.2%) in June: Actual (-0.3%)
China Consumer Price Index (MoM) below expectations (-0.2%) in June: Actual (-0.3%)
China Consumer Price Index (YoY) came in at 1% below forecasts (1.1%) in June
China Consumer Price Index (YoY) came in at 1% below forecasts (1.1%) in June
British Pound strengthens to near 1.3400 as UK political risk fades
The GBP/USD pair gathers strength near 1.3395 during the Asian trading hours on Thursday, bolstered by fading domestic political uncertainty.
WTI holds above $74.00, close to two-week top as bears hesitate on US-Iran/Hormuz risks
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – drifts lower during the Asian session on Thursday and moves away from a two-week high, around the $75.75 region touched the previous day.
Australian Dollar steadies following Chinese CPI data
AUD/USD gains ground after remaining flat in the previous day, trading around 0.6930 during the Asian hours on Thursday.
Japan Money Supply M2+CD (YoY) declined to 2.2% in June from previous 2.5%
Japan Money Supply M2+CD (YoY) declined to 2.2% in June from previous 2.5%