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Forex
EUR/USD slips below 1.1600 as Greenback holds firm despite Trump-Fed tensions
EUR/USD drops below the 1.1600 psychological mark, down nearly 1% on the day.The US Dollar Index is holding firm above 98.50 but faces pressure from tensions…
GBP/USD dips to 1.3457 as Fed turmoil boosts Dollar rebound
GBP/USD slides despite Trump’s firing of Fed Governor Lisa Cook, fueled fears about Fed’s independence.Fed cut odds at 89% for September, but Powell keeps door…
Silver Price Forecast: Bulls defend $38.00 as triangle support holds, momentum remains fragile
Silver trims intraday losses as buyers defend support near the $38.00 handle.XAG/USD retests the upper boundary of the broken symmetrical triangle and edges…
Pound Sterling Price News and Forecast: GBP/USD dips to 1.3457 as Fed turmoil boosts US Dollar rebound
GBP/USD dips to 1.3457 as Fed turmoil boosts US Dollar rebound
GBP/USD drops over 0.16% on Wednesday as the US Dollar (USD) continues to recover some ground,…
Australian Dollar rises toward 0.6500 as US Dollar weakens
The Australian Dollar recovers as the US Dollar retreats, with AUD/USD aiming to reclaim the 0.6500 mark.Australia’s Monthly CPI rose 2.8% YoY in July, higher…
Gold holds near $3,400 as Fed bets, politics weigh
XAU/USD trades around $3,397 as traders price in 90% chance of September Fed rate cut.Fed’s Williams stresses data-dependence; PCE, CPI, jobs reports remain…
Forex Today: US Q2 GDP and the labour market take centre stage
The US Dollar (USD) ended the day alternating gains with losses, giving away strong gains recorded earlier in the day on Wednesday. This irresolute price action came amid unabated…
WTI Crude Oil climbs as EIA inventory draw and weaker Greenback fuel recovery
WTI crude oil rises over 1% on Wednesday, recovering from a five-day low.EIA reports a 2.39M barrel draw, larger than forecast, but softer than last week’s…
Dow Jones Industrial Average follows equities higher
The Dow Jones gained ground on Wednesday as equities broadly push higher.Markets are finding their bidding buttons amid a lack of game-changing news.US GDP…
Nvidia stock slides despite double beat for Q2
Nvidia tops consensus for second quarter revenue, EPS.Nvidia guides for $54 billion in Q3 sales, excluding H20 sales.NVDA stock sinks as low as $172 afterhours…