Risk aversion continues to weigh on the GBP/USD pair. The pair fell to around 1.1897, the lowest level since March 2020. It remains under pressure around 1.1900. the pair seems unable to find support as markets generally fall.Fears about global recession and a worsening growth outlook in the United Kingdom …
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The price of gold fell on Friday, due to the impact of the rise in the dollar and US Treasury bond yields on the demand for the precious metal priced in the US currency, and prices are heading for the largest weekly decline since mid-May. And gold fell in spot …
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Yield curve inverts in the US, signaling at least economic slowdown and hinting at the possibility of recession or a big decline in economic growth globally and in the domestic economy at most.Monetary policy decisions by major central banks round the globe triggered some sort of panic and risk aversion, …
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Gold rises to the highest level in four days, eyes $1850 and silver erases losses, approaching Wednesday’s high near $21.90.US yields slide as demand for Treasuries picks up amid risk aversion. Gold gained momentum boosted by a context of risk aversion and a weaker US dollar. XAU/USD rose from under …
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New Zealand’s dollar slides for the fifth consecutive day after reaching a daily high at 0.6461. However, the NZD/USD is dipping below the 0.6400 figure amidst a risk-off market mood. The NZD/USD is trading at 0.6385, down by 0.86%.Before Wall Street opened, the US Department of Labor reported that Initial …
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The AUD/USD is ready to finish the week positive, up by 0.90%. The chance of a US Federal Reserve 0.50% rate hike in September lies at 80%. The Australian dollar slumps during the last day of the week but it obstinately remains above the 0.7200 threshold as AUD/USD sellers mount …
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The negative market mood increased appetite for safe-haven peers in the forex space, particularly the USD, while the JPY is the weakest on the week’s last trading day. US equities plunged between 1.51% and 2.49%, reaching fresh 52-week lows. That despite investors’ cheered rate cut of 0.15% by the Bank …
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The AUD/USD pair is up throughout the week by 1.34%, despite falling on Friday. Market sentiment fluctuates negatively in the last hour, dragging the AUD/USD lower. The Australian dollar is struggling at the 20-day moving average (DMA) and is losing the battle as the AUD/USD looks forward to resuming the …
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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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