Forex Market

The GBP/USD exchange rate has retreated below the 1.3100 mark, driven by waning expectations of a substantial interest rate cut by the Federal Reserve. This downward trend is gaining momentum, with technical indicators suggesting further declines.The GBP/USD exchange rate is currently in a downward spiral. While there is a possibility …

Gold prices have remained relatively stable in recent weeks, fluctuating within a well-defined range. While the precious metal briefly touched new all-time highs following the release of the August Nonfarm Payrolls report, it has since retreated slightly. Gold trades up and down within a range under its record highs. US …

The Euro (EUR) has been under pressure against the US Dollar (USD) as market participants have scaled back expectations for a significant interest rate cut by the Federal Reserve (Fed). This shift in sentiment has strengthened the USD, pushing the EUR/USD pair below 1.1050.The weakening of the EUR/USD pair is …

Oil futures rose by around 1% on Monday, recovering from last week’s steep losses as a potential hurricane neared the U.S. Gulf Coast, a critical area for refining. Brent crude climbed 67 cents, or 0.94%, to $71.73 per barrel by 0901 GMT, while West Texas Intermediate (WTI) crude rose 68 …

European shares kicked off the week with gains following a sharp decline last Friday, as investors look ahead to key economic data releases and expect the European Central Bank (ECB) to reduce interest rates later this week. By 0711 GMT on Monday, the pan-European STOXX 600 index had risen by …

Oil futures experienced a significant rebound on Monday, rising by $1 as traders reacted to the potential impact of a hurricane system approaching the U.S. Gulf Coast and recovered from a recent downturn triggered by disappointing U.S. jobs data. By early trading, West Texas Intermediate (WTI) crude futures had climbed …

Dollar Gains Ground as Yen Retreats; Investors Await U.S. Inflation Data The dollar rebounded on Monday, recouping some of its recent losses, while the yen eased off its safe-haven highs. Investors, uncertain about the scale of an upcoming Federal Reserve rate cut, are now turning their attention to this week’s …

The US labour market was a significant focus for investors, with the August nonfarm jobs repor as the most awaited data. The report confirmed signs of a softening US labour market, starring a drop in the unemployment rate from 4.3% to 4.2% by a clear softening trend in new jobs …

The US Dollar regained its footing following the release of August’s Nonfarm Payrolls (NFP) report, which offered a mixed bag of economic indicators. While the headline number fell short of expectations, a decline in the unemployment rate and a rise in average hourly earnings fueled speculation about more aggressive monetary …

The Federal Reserve is poised to pivot towards a more accommodative monetary policy, according to recent statements from Chicago Fed President Austan Goolsbee.Goolsbee, speaking on Friday, noted a growing consensus among Fed officials that interest rate cuts are necessary to address the evolving economic landscape. While he didn’t advocate for …