After a gloomy start to the week, the GBP/USD picks some upside momentum as it rallies to 1.2800 in the early hours of Tuesday’s Asian session. In doing so, the Cable pair oscillates within a one-week bullish trend pattern, reaching its highest levels in 14 months. To counter the week’s …

Under pressure from the US dollar’s recent, gold price has been declining since the beginning of daily trading, Monday, amid the American Juneteenth holiday amid thin liquidity and the absence of catalysts that would move the markets.Gold futures fell to $1,950 an ounce, compared to the previous daily closing of …

The price of natural gas is still rising following one of the best weeks of 2023, which saw a 17% increase. After disruptions in Norway, the continent’s primary producer, there are still doubts over whether European supply can keep up with demand. Despite strong fundamentals, as long as prices are …

The USD/JPY pair trades stable in the 141.80 area after hitting its highest point since November 2022. US Stock and bond markets are closed on Juneteenth celebrations.US economic data and Chair Powell’s statement on Wednesday will be watched closely. After reaching a multi-month high on Friday, the USD/JPY modestly dropped …

The EUR/USD pair’s current price is 1.0921 at the time of writing amid signals by ECB policymakers concerning additional interest-rate hikes in the horizon.The EUR/USD pair is under mild selling pressure on Monday, easing from the 1.0970 multi-week high posted on Friday, to trade near the 1.0900 level. Markets in …

The macroeconomics situation of the US has generally improved better than anticipated and is likely to improve further. This is expected to reduce upward support on the dollar’s value.Although the June FOMC meeting gave the impression that hawkish policymakers were taking a break by raising the terminal rate for this …

After a volatile week that included many top monetary policy events including the Fed and the ECB meetings, as well as the US CPI data, next week will see interest rate decisions from the Bank of England and the Swiss National Bank. Key Data Market participants’ sentiment is mixed, as …

Oil rose on Friday and posted a weekly gain, as higher Chinese demand and OPEC+ supply cuts lifted prices. Brent crude gained 94 cents to settle at $76.61 a barrel, while US West Texas Intermediate (WTI) crude rose $1.16 to $71.78. Brent posted a weekly gain of 2.4% and WTI …

Markets are eyeing Powell’s two-day testimony before the House and Senate next week, a lineup for Fed speakers, and more macro releases.Next week, gold will experience a lot of conflicting signals. More easing from China (commercial banks are reducing rates), Fed speakers, and flash PMIs. The market may theoretically still …

US equities fell on Friday as Wall Street wrapped up a busy week that saw investors receive a Federal Reserve pause on rate hikes as well as positive inflation data. The Dow Jones Industrial Average dropped 108.94 points, or 0.32%, to settle at 34,299.12 and the S&P 500 dipped 0.37 …