The USD/CAD pair is down on the day as risk appetite bounces on Wednesday. Meanwhile, Sino-US tensions are eyed by traders and investors who also focus on the hawkish comments by Fed speakers. Frictions after the highest-level US visit by Nancy Pelosi, to Taiwan in 25 years help support the …
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The GBP/USD pair falls for the second successive day, as sellers hold 1.2200, alongside a risk-on impulse. Broad US dollar strength keeps the American currency afloat against most G10 currencies.Fed officials hawkish comments boosted the dollar and constituted a headwind for the GBP/USD pair. The Bank of England (BoE) is …
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Risk-aversion came back benefitting the US dollar that is widely considered as a safe haven. US-Sino tensions arose on the arrival of US House Speaker Nancy Pelosi to Taiwan. Pelosi supports the local government against China’s will.Crude oil prices, on the other hand, recovered some ground and the barrel of …
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A risk-off impulse keeps safe-haven peers rising, as geopolitical US-China frays keep traders more cautious. At the time of writing, the EUR/GBP is trading at 0.8350.The EUR/GBP pair is still maintaining a kind of defensive stance as sellers eye a break below 0.8346. The RSI in the EUR/GBP daily chart …
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At the time of writing, gold trades at $1767.5 per ounce. Gold has been back under pressure as US yields spike, but bulls are eying the $1800 level. There is room for further upside with the 68.2% Fibonacci meeting prior weekly structure around $1,800. Markets are cautious over US-China row …
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Loretta Mester, president of the Federal Reserve Bank of Cleveland, joins Washington Post global economics correspondent David J. Lynch to discuss the Fed’s plan to tamp down on inflation and the concerns that it could induce a recession.Key quotesWe’ll be growing below trend this year.We are not in a recession.Haven’t …
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The Euro struggled near 1.0300 and tumbled below 1.0200 before regaining the price level. Prevalent risk aversion keeps traders’ flows into safe-haven peers, including the US dollar.The EUR/USD pair failed to hold above 1.0200, ane could even dive towards 1.0100; otherwise, a rally to 1.0300 is also probable.The Euro remains …
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The USD/CAD pair jumped on risk-off impulse, spurred by geopolitical tensions between the US and China.The USD/CAD climbs above the 50-day EMA, due to several factors, including the visit of US House Speaker Nancy Pelosi to Taiwan and increasing tensions between the US and China. That alongside expectations of the …
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The total of US employment vacancies fell to about 10.7 million through the last day of June. Even with the sharp decline, there were still 1.8 open jobs per available worker.Job openings retreated in June to their lowest level since September 2021 in a potential sign that a historically tight …
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The yen is set for its biggest streak of gains since the height of the coronavirus crisis in March 2020, as escalating US-China tension over Taiwan and heightened fears of a global economic slowdown boosted the attractiveness of assets that are considered safe investments. The US dollar has struggled broadly, …
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