The US dollar gave up during the US session, finishing the day with losses against its major rival currencies. The EUR/USD pair trades near parity early Wednesday and ahead of important monetary policy announcements scheduled for next Thursday.Commodity-linked currencies benefited from higher US equities. AUD/USD flirts with 0.6500 while the …
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European shares rose on Monday, boosted by the rise of energy and utilities companies, while investors awaited Britain’s financial plan and earnings reports for evidence of corporate strength amid concerns about rising interest rates and a possible recession. The pan-European Stoxx 600 index rose 0.3 percent, extending its gains for …
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The EUR/USD pair has erased Thursday’s gains, losing 0.53% on Friday. US Consumer Sentiment improved, though Retail Sales slowed down.The EUR/USD daily chart illustrates the major stalled at the 20-day EMA, which exacerbated a fall towards the 0.9720 area. Key support lies at 0.9700, which, once cleared, could open the …
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US shares rose, extending last week’s gains, and the dollar retreated with risk on by expectations that inflation is near peaking. The S&P 500 advanced with 10 of the 11 major industry groups in the green. A gauge of the dollar fell for a second day, as all G-10 peers …
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Gold prices stabilized on Friday despite the precious metal’s trend for a weekly gain, with investors focused largely on the Jackson Hole seminar for clues about the US Federal Reserve’s policy to curb inflation. Spot gold consolidated at $1,757.99 an ounce at 0624 GMT, but rose 0.6 percent so far …
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Gold price advances almost 0.30% on Thursday, courtesy of an upbeat sentiment and overall buck’s weakness. Investors still digest mixed US economic data, released ahead of Powell’s speech.Fed officials expect a 50 or 75 bps rate hike at the next meeting; awaiting September’s data. Gold Price trades in the green …
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The EUR/USD pair hesitates to hold above 1.0300, preparing to finish the week with gains of just 0.21%. US Consumer Sentiment rises to a three-month high, while inflation expectations remain mixed.EU’s Industrial Production surprised to the upside, but recession is still looming. The pair could not hold to its two-day …
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The US dollar fell following the release of US inflation reading. The dollar ended the trading day in the red territory against all major rival currencies. Safe-haven currencies edged higher against the US dollar, with USD/CHF now changing hands at 0.9426 and USD/JPY trading at 132.90. Gold was the worst …
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The EUR/USD pair falls due to weaker than expected EU economic data, facing strong headwinds with the energy crisis, and slower economic growth. The US GDP in the second quarter showed signs of contraction, meaning the US is in a “technical recession”.Inflation in Germany tops around 8.6% YoY, while the …
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The USD/CHF pair is still upward biased, but in the short-term might aim towards 0.9600. the improved market sentiment dented demand for the US dollar, and constitutes a remarkable headwind for the asset.The USD/CHF slides for the second day in four retreats below 0.9700, amidst an improved market mood weighing …
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