Forex Market

The GBP/USD 4-hour scale depicts the pair as neutral-downward biased and might test the 1.2000 figure, short term.GBP/USD pair has trimmed some of last Friday’s losses but the asset is still trapped between the 20 and 50-DMA. The daily chart depicts the pair trending between a descending channel as sellers …

The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US Consumers’ one-year inflation expectations declined to 6.2% in July from 6.2% in June. The three-year inflation expectations edged lower to 3.2% from 3.6%.The US dollar stays reluctant following this report and the …

Gold futures traded higher on Monday after Friday’s jobs report showed the pace of hiring unexpectedly surged last month, suggesting the Federal Reserve may have to remain aggressive in its effort to cool the economy.Gold futures steadied on Monday as July’s US jobs data cleared the way ahead for more …

Official customs data showed that Chinese exports to Russia rose significantly in July after a 4-month decline. Reuters calculations based on customs data indicated that exports to sanctioned Russia rose 22.2 percent in July from the previous year in dollar terms, reversing a 17 percent decline in June, the first …

Gold price maintained defensive stance late during the New York session after an early US employment report showed that the Fed is right about pushing back on recession chatter. Gold is trading at $1773.33, down by almost 1%.Before Wall Street opened, the US Bureau of Labour Statistics revealed that the …

The EUR/USD pair has snapped two straight weeks of gains, and now drops 0.42%. The common currency is trendless, within the boundaries of 1.0096-1.0278.From a daily chart perspective, the EUR/USD might probe the 1.0096 low before a re-test of YTD lows below the parity level. The EUR/USD slumps late as …

In its latest meeting, the Reserve Bank of Australia hiked the key interest rate by 50 basis points to 1.85%. According to analysts, the RBA will likely raise again in September but with a 25 bps rate hike. They see the rate peak at 3.10% by early next year.August’s announcement …

The GBP/USD pair prepares to finish the week with hefty losses of 0.78%. US labour data poured cold water on recession fears ahead of next week’s CPI. The GBP/USD tanks reached a fresh weekly low at 1.2002 as a reaction to a stellar US employment report which eases US recession …

The July US official employment report showed better-than-expected numbers and triggered a rally of the US dollar on Friday. According to analysts, at least a 50 bps rate hike at the September 20-21 FOMC meeting seems on the table at this point of time, and yet another 75 bps hike …

Last April, Elon Musk made a $44 billion offer to buy Twitter before he decided in July that he wanted to cancel the deal. On the other hand, Twitter said this does work works when one has already made a legally binding commitment. US courts now have the mission and …