Pound Sterling finds cushion despite firm BoE rate-cut bets
The Pound Sterling (GBP) gains ground against the US Dollar (USD) and trades around 1.2650 in Monday’s London…
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German IFO Business Climate Index declines to 88.6 vs. 89.7 expected
The headline German IFO Business Climate Index declined to 88.6 in June from 89.3 in May. This reading…
Australian Dollar closes the week with losses on weak PMIs
In Friday’s session, the Australian Dollar (AUD) intensified its losses against its peers. The AUD/USD duo has been…
Gold price drops on firm US yields, strong USD after solid US data
Gold prices reversed course on Friday, moving down more than 1.70%. Economic data from the United States (US)…
Breaking: BoE leaves interest rate unchanged at 5.25% as expected
The Bank of England (BoE) announced on Thursday that it left the policy rate unchanged at 5.25%, as…
Bank of England expected to hold rates ahead of elections, GBP/USD set to rock
The Bank of England (BoE) is set to leave interest rates unchanged – if only because of the…
US Dollar gets to keep weekly gain for a second week in a row
The US Dollar (USD) rallies on Friday as traders flee out of the Japanese Yen (JPY) and the…
Gold trades in familiar range following mixed signals from US economy
Gold (XAU/USD) trades marginally higher, exchanging hands in the $2,330s on Friday. Asian bourses lacked directionality overnight and…
Mexican Peso finds a floor as Obrador says Peso is backed by “strong economy”
The Mexican Peso (MXN) seesaws between tepid gains and losses on Thursday after bottoming out at an 18-month…
Natural Gas trades near key support as Fed decision snaps June rally
Natural Gas price (XNG/USD) recovers slightly on Thursday close to the pivotal technical support at $3.08 after declining…