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Forex
Pound Sterling Price News and Forecast: GBP/USD stuck in range, clings to 1.2900
GBP/USD Price Analysis: Stuck in range, clings to 1.2900
The Pound Sterling clings to minimal gains, though it remains stuck within the 1.2880-1.2940 range…
NZD/USD Price Analysis: Strongly recovers from 0.5900 after mix US flash PMI
NZD/USD recovers swiftly from 0.5910 as the US Dollar corrects.
The US Dollar weakens after mixed US S&P flash PMI for July.
China’s dismal economic…
SPY goes back to opex
S&P 500 had visible trouble extending Monday‘s gain far, and no rally into key earnings served as warning. The relief rally following very weak opex…
Canada Interest Rate Decision Preview: BoC set to cut rates by another 25 bps, will the hawkishness continue?
The interest rate in Canada is set to be lowered by 25 bps to 4.50% on Wednesday.
The Bank of Canada Governor Macklem’s words will be closely scrutinized…
Gold recovers as stagflation fears take hold, Harris’ nomination
Gold is trading higher as stagflation fears take hold, suggesting inflation may remain elevated amid slower growth.
The nomination of Kamala Harris as the…
EUR/USD: Clear signals, or neither fish nor fowl? – Commerzbank
Last week European Central Bank (ECB) President Christine Lagarde emphasized the data dependency of future interest rate decisions. Of course, inflation data…
EUR/USD weakens on unexpectedly sluggish Eurozone flash PMI
EUR/USD falls to near 1.0830 as weak preliminary Eurozone PMI weighs on the Euro.
The ECB is expected to cut interest rates two times more by the year-end.…
Indian Rupee trades flat after India’s PMIs accelerate in July
The Indian Rupee remains steady in Wednesday’s European session.
India's business activity accelerated at three-month highs in July, fueled by a jump in…
Australian Dollar falls as weak outlook for Chinese economy impacts Iron Ore prices
The Australian Dollar continues to lose ground due to the stark decline in prices of Iron Ore.
Australia's Composite PMI declined to 50.2 in July from 50.7…
EUR/USD hangs near two-week low, below mid-1.0800s ahead of Eurozone PMIs
EUR/USD drifts lower for the second straight day and drops to a nearly two-week low.
The ECB’s dovish outlook continues to undermine the Euro and exerts…