The Pound Sterling (GBP) continued its downward trajectory on Thursday, struggling to maintain its position above the 1.3000 level against the US Dollar (USD). This decline was primarily driven by a combination of factors, including stronger-than-expected US economic data and growing optimism about a Donald Trump victory in the upcoming …

Gold prices rallied during the mid-North American session on Wednesday, bolstered by a decline in US Treasury yields and a disregard for recent US Dollar strength. Anticipations of interest rate cuts by major central banks, fueled by soft inflation data, weighed on bond yields and propelled the non-yielding metal. As …

EUR/USD Plummets Ahead of ECB Rate CutThe Euro is under significant pressure, pushing EUR/USD to multi-week lows as investors anticipate a rate cut from the European Central Bank (ECB). The ECB is widely expected to reduce its interest rates by 25 basis points on Thursday, a move that could further …

Pound Sterling suffered a significant decline following the release of UK inflation data for September. The unexpected slowdown in price growth has fueled speculation that the Bank of England (BoE) might reconsider its monetary policy stance and opt for a rate cut at its upcoming meeting.The GBP/USD pair plummeted to …

The US Dollar (USD) strengthened against the Canadian Dollar (CAD) on Thursday, with USD/CAD trading near 1.3755. The market is increasingly betting that the Federal Reserve (Fed) will implement a series of modest interest rate cuts in the coming months.The Fed’s dovish stance, coupled with geopolitical tensions and US election …

The confluence of geopolitical, economic, and supply-demand factors has driven WTI prices to a two-week low. While the immediate catalyst was Israel’s pledge to avoid targeting Iran’s oil facilities, the broader context reveals a complex interplay of forces shaping the global crude oil market.Geopolitical TensionsIran’s Nuclear Program: The ongoing tensions …

The European Central Bank (ECB) is poised to deliver its third interest rate cut of the year at its meeting this Thursday, as policymakers signal that inflation risks are easing more rapidly than anticipated. Markets have already factored in a 25 basis point reduction and are even speculating about a …

The Japanese yen continued its downward trend from the start of trading on Wednesday, influenced by statements from the Bank of Japan suggesting a tendency among Japanese monetary authorities to delay raising interest rates, which could add upward momentum to the Japanese currency.The dollar/yen pair rose to 149.67 compared to …

Analysis indicates a lack of demand-side pressure within the current Bitcoin price range. The Binary CDD metric, which measures the expenditure of holding time, reveals that long-term investors remain relatively inactive. This suggests that investor attention and new demand inflows have not seen a significant resurgence year-to-date.The lack of demand …

A mildly positive session left the US Dollar trading near recent levels. Amidst a global decline in yields, market participants remained focused on signals from Federal Reserve officials regarding the potential trajectory of interest rates.Key points for Wednesday, October 16:US Dollar Index (DXY): The DXY hovered near the upper end …