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Forex
AUD/USD jumps above 0.6700 as weaker US data drags US Dollar lower
AUD/USD trades in positive territory for three straight days near 0.6715 in Thursday’s early European session.
The upbeat Australian economic data fueled…
German Factory Orders drop 1.6% MoM in May vs. 0.5% expected
Germany’s Factory Orders unexpectedly fell in May, according to the official data published by the Federal Statistics Office on Thursday, suggesting that the…
EUR/USD holds position around 1.0800 as softer US data escalate odds of Fed rate cuts
EUR/USD gains ground as US Dollar struggles due to escalated speculation of Fed rate cuts in 2024.
The US ISM Services PMI dropped to 48.8 in June, marking…
Japanese Yen recovers losses as softer US data reinforce Fed rate cuts this year
The USD/JPY corrects from a 38-year high of 161.95.
The Nikkei 225 Index rises to nearly 40,700 points, buoyed by gains seen on Wall Street overnight.
The…
Pound Sterling Price News and Forecast: GBP/USD strengthens as US Dollar struggles after softer economic data
Pound Sterling continues to extend gains amid the ongoing UK elections
The Pound Sterling (GBP) continues its winning streak, which began on June 27. The…
Australia’s Trade Surplus narrows to 5,773M MoM in May vs. 6,678M expected
Australia’s trade surplus narrowed to 5,773M MoM in May versus 6,678M expected and 6,548M in the previous reading, according to the latest Aussie foreign trade…
NZD/USD attracts some buyers above 0.6100 amid the US Dollar weakness
NZD/USD gathers strength around 0.6110 in Thursday’s early Asian session, up 0.12% on the day.
US ISM Services PMI came in weaker than expected, dropping…
USD/CHF weakens below 0.9050 ahead of Swiss CPI data
USD/CHF trades with a mild bearish bias around 0.9015 in Thursday’s Asian session.
Fed officials maintain a cautious stance and refrain from committing to…
Dow Jones Industrial Average falls flat as other indexes gain ground after US data miss
Dow Jones churns close to flat on Wednesday as index gets left out of bull run.
Dow Jones struggles as other US equity indexes climb into fresh record…
Gold takes off as FOMC Minutes weighed on USD
Gold climbs, spurred by weak US economic data and rising Fed rate cut expectations.
FOMC Minutes: readiness to hike rates if inflation persists, but current…