Forex

GBP/USD Price Analysis: Peaks at five-week high, fails to challenge 1.2700 The Pound Sterling advanced some 0.30% and hit a five-week high of 1.2670 following…

USD/CAD bounces back from 1.3600 on weak Canadian Manufacturing Sales data. The US Dollar faces a sell-off due to an expected decline in the US inflation…

Silver price has risen to a new high for May following the release of US data.  Silver has become overbought on the 4-hour chart and is in the process of…

Oil breaks below $78.00 after both OPEC and IEA released their monthly reports.  While OPEC stuck to previous expectations, sluggish demand is forecasted in…

The US Dollar falls further out of bed on Wednesday ahead of US CPI release.  Downward US PPI revisions for March and speculation over China supporting its…

USD/JPY falls sharply to 155.50 amid soft US Dollar. Firm speculation for Fed rate cuts in September keeps the US Dollar on the backfoot. The Japanese…

The Pound Sterling jumps to 1.2600 amid uncertainty over BoE rate cuts and a soft US Dollar. Steady UK wage growth deepens fears of persistent inflationary…

The Mexican Peso trades steady after weakening for two days in a row.  Commentary from the Governor of the Banxico and robust economic data for its key…

AUD/JPY extends its gains due to improved risk appetite on Wednesday. The Australian government aims to address headline inflation and alleviate…

Gold price edges higher on Wednesday amid the softer USD.  The growth in gold demand and geopolitical tensions lift the price of precious metals. The US…