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Forex
GBP flattens against US Dollar
Pound Sterling flattens against US Dollar on absence of US key economic data releasesThe Pound Sterling (GBP) trades in a tight range around 1.3440 against the US Dollar (USD)…
The labour market remains pretty stable
Chicago Fed President Austan Goolsbee struck a cautious but steady tone in fresh remarks. He pointed to resilience in the labor market, played down tariff effects on services…
GBP/JPY steadies near 198.00 as Yen weakens, UK PMI signals slowdown
The GBP/JPY steadies on Friday, snapping a four-day losing streak after sliding to its lowest level since August 7 on Thursday. At the time of writing, the cross is holding firm…
Inflation expectations are reasonably well anchored
Fed policymaker Stephen Miran stressed the importance of forward-looking analysis in shaping monetary policy. He highlighted housing costs as central to inflation dynamics,…
EUR/JPY rises as Yen pressured by political uncertainty, soft jobs data
The Euro (EUR) gains traction against the Japanese Yen (JPY) on Friday, recovering after briefly slipping to its lowest level since September 9 on Thursday. At the time of writing,…
SPDR S&P 500 (SPY)’s path to record peaks [Video]
The Short-Term Elliott Wave analysis for the SPDR S&P 500 ETF (SPY), starting from August 2, indicates an ongoing impulsive rally. From the August 2 low, the ETF surged in wave…
Gold trades below record highs as US shutdown drags on; ISM Services PMI softens
Gold (XAU/USD) gains ground above $3,850 on Friday, trading around $3,875 during the American session, up nearly 0.50% on the day. The metal has recovered from an intraday low near…
GBP/USD rises as US shutdown prolongs, Fed data gap grows
The Pound Sterling (GBP) advances some 0.26% against the US Dollar (USD) on Friday as the US government began its third day of shutdown and skipped the release of Nonfarm Payroll…
EUR/USD holds modest bid amid US shutdown and mixed PMI readings
The Euro (EUR) trades with a modest bid against the US Dollar (USD) on Friday, with EUR/USD stuck within this week’s range of 1.1750-1.1700. At the time of writing, the pair is…
AUD/USD holds 0.6600 as Greenback weakens on shutdown, soft PMI data
The Australian Dollar (AUD) holds modest gains versus the US Dollar (USD) on Friday, supported by a weaker Greenback as the United States (US) government shutdown drags on and the…