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NZD/USD Price Forecast: Sinks towards the 200-day SMA, eyes on 0.5800

The New Zealand Dollar plummets during the North American session as high US Treasury yields underpin the Greenback, which is registering a new two-day high as the Middle East conflict escalates.

Gold tumbles below $5,100 on strong US Dollar, Treasury yields

Gold price erased the previous day's gains on Thursday, hitting a two-day low as precious metals are pressured by high US Treasury yields and a strong US Dollar, underpinned by solid US jobs data. At the time of writing, XAU/USD trades at $5,069, down more than 1.35%.

Canada: Trade noise and macroeconomic uncertainty – TD Securities

TD Securities analysts note that changes in trading conditions will not dramatically alter Canada's growth outlook, pointing to manufacturing's small GDP share and pre-existing investment weakness.

GBP: Rate cut repricing and inflation risks – Rabobank

Rabobank’s Senior FX Strategist Jane Foley notes that the Pound has been one of the better performing G10 currencies recently, supported by reduced expectations for Bank of England easing.

Silver Price Forecast: XAG/USD declines amid strong US economic data, rising USD

Silver (XAG/USD) trades lower on Thursday, falling toward $82.20 at the time of writing, down 1.18% on the day. The precious metal is under pressure as the US Dollar (USD) rebounds following the release of stronger-than-expected US economic data.
 
 
 

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