Forex

The US Dollar climbed to multi-day highs on the back of diminishing bets of a rate cut in September, strong data from US business activity in May and a hawkish…

Dow Jones sheds almost a full percent, falls further away from 40,000.00. US Services PMI rose to a 12-month high, in a cautionary reminder of services…

Canadian Dollar broadly weaker, loses ground across board. Canada brings little meaningful data to the table. CAD traders forced to wait until Friday’s…

EUR/USD holds above 1.0800 after strong preliminary Eurozone/US PMI data. The ECB is anticipated to reduce interest rates three times by the year-end. The…

USD/CAD recovers from early weakness on Thursday after the release of US PMI data beats estimates in May.  The Services PMI beat which may be critical to…

AUD/USD gives up majority of intraday gains as the US Dollar revives after upbeat US early PMI report for May. The pace at which the US PMI expanded was the…

The Turkish lira depreciates slightly around 32.20 vs. the Dollar. The CBRT kept the One-Week Repo Rate unchanged at 50.0%. The central bank sees a…

Gold has fallen to a key trendline after the release of the FOMC meeting minutes.  The minutes showed little enthusiasm from Fed officials to lower interest…

Silver price continues to lose ground as FOMC Minutes suggest the Fed to be hawkish on policy stance. Fed policymakers are concerned as inflation has proven…

UK Services PMI dropped to 52.9 in May. Manufacturing PMI in the UK expanded to 51.3. in May. GBP/USD holds higher ground near 1.2740 after mixed UK…