Gold Holds Range as Traders Await Fed Guidance; $3,700 Seen as Key Level
Gold (XAU/USD) traded in a narrow range below $3,750 during Thursday’s Asian session, extending its sideways movement but staying above Wednesday’s swing low. The metal remains under pressure from Federal Reserve (Fed) Chair Jerome Powell’s cautious remarks earlier this week, which tempered expectations for aggressive policy easing. Still, geopolitical risks and a weaker outlook for […]
EUR/USD Steadies Near 1.1750 Ahead of German Data and Fed Commentary
The EUR/USD pair is trading close to 1.1750 during Thursday’s Asian session, recovering from more than 0.5% losses seen in the previous day. Traders are cautious as they await the release of Germany’s GfK Consumer Confidence Survey later today. The Euro (EUR) came under pressure on Wednesday after the German IFO Business Climate Index dropped […]