Global Markets GBPJPY, USDINR, USDCHF, and Gold Await Key Data
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GLOBAL MARKETS: GBP/JPY, USD/INR, USD/CHF, AND GOLD AWAIT KEY DATA Gold Price Consolidates Near Record Highs, Awaits US Macro Data for Next Moves Gold prices (XAU/USD) continue to hover around record highs during the Asian session supported by safe-haven demand amid US election concerns and ongoing Middle East tensions. This rally remains resilient despite high US Treasury yields and a stronger US Dollar. on Wednesday, A minor dip in bond yields has added to the appeal of the precious metal. However, gains appear limited as traders anticipate key US economic data, which could direction for gold prices. Additionally, concerns over US deficit spending and smaller Federal Reserve rate cuts keep the market watchful momentum in gold s performance. provide fresh for further
USD/CHF Holds Steady Above 0.8650, Awaits US Economic Indicators USD/CHF momentum, trading around 0.8670 during Wednesday's Asian session, buoyed by rising US Treasury yields and persistent US strength. sustains its upward Dollar (USD) The pair's gains reflect investor focus on the upcoming US Q3 GDP report and October's ADP Employment data, both of which may impact USD performance. Additionally, a closely contested US presidential race adds to USD demand amid Meanwhile, easing tensions could reduce the safe-haven appeal of the Swiss Franc (CHF). uncertainty. Middle East USD/INR Steady Amid Rising Yields, Awaits Key US GDP Data for Direction The Indian Rupee (INR) trades flat in Wednesday s Asian session, balancing between the rising US Treasury yields and foreign investor outflows from India s markets. The Reserve Bank of India s (RBI) regular interventions help cap any sharp decline, while lower oil prices offer additional support for the INR. Investors look to the upcoming US Q3 GDP and October ADP Employment Change reports for further cues. Read more about us- Website- www.jaiinfoway.com Contact Number- +1 (786) 786-7229 Technically, USD/INR remains bullish, with immediate resistance at 84.22. Continued gains could reach 84.50 or higher, while a drop below 84.05 might lead to a retreat toward 83.76. Linkedin- Jaiinfoway Email- info@jaiinfoway.com
