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Forex
Fed’s Musalem: Economy is near full employment
St. Louis Fed President Alberto Musalem explained on Monday that he backed last week’s rate cut, describing it as a precaution to safeguard the job market. At…
Gold buying remains unabated; fresh record high and counting amid dovish Fed, geopolitical risks
Gold continues to draw support from the Fed’s dovish signal and rising geopolitical tensions.The USD stalls its recovery from a multi-year low and further…
EUR/USD pares losses with ECB speakers, Consumer Confidence on Focus
The Euro accelerates its recovery and approaches 1.1800 after bouncing at 1.1730.ECB and Fed officials are expected to provide further details about the banks'…
AUD/USD recovers early losses as US Dollar struggles to extend upside
AUD/USD recovers its early losses as the US Dollar’s upside move seems to peak out.Investors await the Fed Powell’s speech for fresh cues on the monetary…
US Dollar Index Price Forecast: Remains within confluence zone around 97.50 barrier
US Dollar Index tests its immediate barrier at the descending channel’s upper boundary around 97.70.Bearish bias is still in play as the 14-day Relative…
GBP/USD sinks below 1.3500 as ‘King Dollar’ regains strength post-Fed
GBP/USD trades below 1.3480 as the US Dollar steadies near 97.60 after the Fed’s 25 bps rate cut.UK Retail Sales beat expectations at 0.5% MoM, but fiscal…
Canadian Dollar firms despite weaker July Retail Sales
The Canadian Dollar strengthens despite weaker July Retail Sales, with USD/CAD easing after failing to hold above the 1.3800 mark.Canadian household spending…
Stephen Miran confirms he was the ‘bottom dot’, insists immigration policy is deflationary
Newly minted Federal Reserve (Fed) Board of Governors member Stephen Miran, in a stiff departure from standard Fed rhetoric policy, revealed exactly where his…
Pound Sterling Price News and Forecast: GBP/USD is under heavy pressure from the ‘King Dollar’
GBP/USD sinks below 1.3500 as 'King Dollar' regains strength post-Fed
The British Pound (GBP) is under heavy pressure from the 'King Dollar' on Friday, down…
WTI extends declines as strong US Dollar and weak demand overshadow Fed rate cut
WTI extends losing streak for the third day, set to close the week in negative territory.A firmer US Dollar and weak US fuel demand weigh on prices despite the…