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Forex
Gold soars above $4,270 as Fed cut ignites Bullion breakout
Gold (XAU/USD) skyrockets on Thursday after the Federal Reserve (Fed) cut rates as expected on Wednesday, and even though it hinted at a pause in the easing cycle, it was not an…
Dow Jones climbs 680 points as rate cuts boost cyclicals, tech falters
The Dow Jones Industrial Average (DJIA) surged to a fresh record on Thursday as investors rotated out of pressured tech names and into stocks tied more closely to economic growth…
Markets ignored Fed, keptt selling the Greenback
What to watch on Friday, December 12The US Dollar attempted a recovery throughout the first half of Thursday, but resumed its decline following the release of…
AUD/USD Price Forecast:Overbought signals emerge as pair tests yearly peak
The Australian Dollar (AUD) rebounds sharply against the US Dollar (USD) on Thursday, shrugging off earlier weakness triggered by softer-than-expected Australian employment data as…
NZD/USD climbs for fifth day on USD weakness, hawkish RBNZ stance
NZD/USD trades around 0.5820 on Thursday at the time of writing, up 0.10% on the day, consolidating above the key 0.5800 level reached the previous day, its highest point in more…
GBP/JPY eases as Yen strengthens on rising BoJ rate-hike expectations
The British Pound (GBP) trades on the backfoot against the Japanese Yen (JPY) on Thursday, as the Yen strengthens broadly on growing expectations of a Bank of Japan (BoJ) rate hike…
GBP/USD climbs above 1.34 as Fed cut and soft US data weigh on Dollar
Sterling rallies during the North American session, up over 0.68% after the Federal Reserve delivered as expected a 25-basis points rate cut and a softer than expected jobs report,…
US Initial Jobless Claims jump to 236K, Dollar weakens to eight-week low
The number of Americans filing for new unemployment benefits increased to 236,000 in the week ending December 6, the US Department of Labor (DOL) reported on Thursday. The figure…
EUR/CHF slips as Franc strengthens after SNB holds rates at 0%
The Euro (EUR) edges lower against the Swiss Franc (CHF) on Thursday as the CHF strengthens in the aftermath of the latest Swiss National Bank (SNB) interest rate decision. At the…
Gold consolidates with Fed caution keeping bulls in check
Gold (XAU/USD) eases slightly on Thursday as investors reassess the Federal Reserve’s (Fed) monetary policy outlook after the latest interest rate cut. At the time of writing, the…