The AUD/USD pair is gaining close to 1.50% on Thursday. The market sentiment is mixed, as Asian and European bourses closed negatively, while US equities are pairing Wednesday’s losses.The AUD/USD is paring Wednesday’s losses and is sharply rallying, more than 1.40% on Thursday, despite a risk-off market mood, which would …
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unwinding support: de GuindosECB Vice President Luis de Guindos said, on Thursday, that inflation pressures in the eurozone will remain high in the near term but the European Central Bank must unwind stimulus cautiously and gradually given the presence of exceptional uncertainties,.“Medium-term inflation expectations remain anchored, close to our 2% …
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The EUR/USD pair’s main trend is bearish but a firm recovery above 1.0650 could point to an interim bottom as the US dollar drops further amid an improvement in market sentiment. The EUR/USD has been surging since early European session and recently printed a fresh daily high at 1.0598. It …
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The GBP/USD pair is rising on Thursday, making a full recovery from Wednesday’s slide even as the stock market remains in red territory and under pressure. The pair managed to rise more than 150 pips from the daily low and recently hit 1.2512, the highest level since May 5. The …
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Gold prices rebounded again on Thursday as a weaker dollar and lower US Treasury yields coupled with a drop in risky assets revived demand for the precious metal, which is considered a safe haven for value amid concerns about global growth. The price of gold in spot transactions jumped 0.8 …
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The US dollar Index was unable to attract speculative interest, now hovering around $1,816 a troy ounce. Crude oil prices edged lower, with WTI now changing hands at $106.90 a barrel. The yield on the US 10-year Treasury note stands below 2.90%, as investors rushed into bonds’ safety.The EUR/USD pair …
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The USD/JPY pair has witnessed a slight rebound after hitting 128.00 low late during the US trading session. The pair has faced decent selling pressure on Wednesday despite a broader strength in the US dollar. The heightened risk-off impulse in the market is behind the dollar against the majority of …
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The USD/CAD pair meets sellers around 1.2900, retreating from the previous day’s recovery moves from a two-week low, as traders take a breather from the latest risk-aversion amid a sluggish start to the Asian session. That said, the Canadian dollar pair takes offers to renew intraday low around 1.2875 by …
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Philadelphia Fed’s President Patrick Harker said he believes the central bank can bring inflation down without sending the economy into a recession, in part because the labour market is currently strong.“We may have a few quarters of negative growth, but again, that’s not what I’m estimating, what I’m forecasting right …
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The AUD/USD reverses the pullback from the weekly high, after posting the biggest daily fall in a week, as traders prepare for the Australia employment report for April. Even so, the broad risk-off mood probe the recovery moves near 0.6975-80 amid the early Thursday morning in Asia.Market sentiment soured the …
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