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Forex
BoE’s Bailey: Doubts grow on how fast rates can be cut
Speaking before the Treasury Select Committee, Bank of England (BoE) Governor Andrew Bailey warned that while the direction for interest rates remains…
Breaking: US JOLTS Job Openings decline to 7.18 million in July vs. 7.4 million anticipated
The number of job openings on the last business day of July stood at 7.18 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and…
Fed’s Bostic: Inflation is still the main concern
Atlanta Federal Reserve (Fed) President Raphael Bostic said that high inflation remained the Fed’s main risk, but added that signs of labour market weakness…
Gold extends rally, notches new record-high above $3,560
Gold continues to push higher, sets new all-time-high.The US Dollar comes under renewed selling pressure after employment-related data.XAU/USD remains on track…
NASDAQ, Dow Jones starkly mixed as Factory Orders, Jolts Job Openings decline
NASDAQ Composite rallies as Alphabet surges over 8% to new all-time high.Most Dow Jones stocks are in decline as Factory Orders fell 1.3% in July.JOLTS Job…
GBP/USD rises to 1.3440 as strong UK data offsets US weakness
GBP/USD rebounds from 1.3332 lows 1.3442 as US Dollar slips after Tuesday’s sharp rally above DXY 98.50.US JOLTS report shows July job openings fell sharply,…
EUR/USD rebounds to 1.1680 as weak US data fuels Fed cut bets
EUR/USD climbs 0.37% to 1.1679 as the US Dollar Index dips 0.25% to 98.06 following disappointing US economic releases.JOLTS report shows vacancies fall…
UK Chancellor Reeves waves off £50 billion budget deficit forecast
United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves dismissed concerns from Britain's National Institute of Economic and Social Research (NIESR)…
Pound Sterling Price News and Forecast: GBP/USD rises to 1.3440 as strong UK data offsets US weakness
GBP/USD rises to 1.3440 as strong UK data offsets US weakness
The GBP/USD advances during the North American session up by 0.39% following the release of…
Canadian Dollar backslides on fresh risk aversion
The Canadian Dollar tumbled against the US Dollar on Tuesday.After a long weekend, American markets have returned with a notable risk-off tilt.PMI figures for…