Gold rallies and reaches 1-week high

FXStreet (Córdoba) - The yellow metal rallied to fresh 1-week highs during the American session amid broad dollar weakness on the back of soft economic data and ahead of the eagerly awaited Fed’s decision on rates.

Gold rose 1.6% and reached a high near $1123 an ounce as soft US consumer price index figures pointed to subdued inflation and raised doubts about a rate hike by the Fed. XAU/USD is currently trading at $1,122,80/oz, up 1.57% on the day.

Sep 16, 2015

GBP/JPY jumps and rises above 187.00

GBP/JPY extended gains and is now trading 250 pips above the level it closed yesterday. The pound rallied across the board boosted initially by United Kingdom employment numbers and then showed resilience with the statement of Carney and other Bank of England officials at the Treasury.

SNB Preview: Rates on hold and a dovish tone – Rabobank

On Thursday the Swiss National Bank (SNB) will have its monetary policy meeting. According Analyst Emile Cardon at Rabobank the central bank will keep rates unchanged and it could make some revision to GDP projections. They expect a dovish tone from the SNB.