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Forex
EUR/GBP appreciates to near 0.8550, upside seems limited due to dovish ECB’s tone
EUR/GBP may lose ground again as the Euro struggles following dovish comments from the ECB officials.ECB’s Francois Villeroy de Galhau noted that the central…
US Dollar Index Price Forecast: Bearish bias remains unchanged near 98.00
The US Dollar Index edges lower to around 97.90 in Wednesday’s early European session. The negative outlook of the index remains in play below the 100-day EMA…
Australian Dollar advances as US Dollar struggles following Israel-Iran ceasefire
The Australian Dollar extends gains due to the Israel-Iran ceasefire.Australia’s Monthly Consumer Price Index increased by 2.1% YoY in May, against the…
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $65.09 per barrel, up from Tuesday’s close at…
Fed’s Hammack: Policy could be on hold for quite some time as Fed seeks clarity
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack said on Tuesday that the rate policy could remain on hold for quite some time as the Fed seeks…
US stock markets to open higher as shaky ceasefire continues risk-on sentiment
President Trump touts ceasefire between Iran and Israel on Tuesday.US equity futures rise but pull back moderately after shaky ceasefire.Oil trades sharply…
ECB’s Lane: Still some distance to travel in relation to services inflation
European Central Bank chief economist Philip Lane said on Tuesday that there is still some distance to travel in relation to services inflation, per…
Bailey speech: Trade tariff impact on inflation is more ambiguous than impact on economic growth
While testifying before the Lords Economic Affairs Committee on Tuesday, Bank of England (BoE) Governor Andrew Bailey said the impact of trade tariffs on…
GBP/USD overtakes 1.3600 as ceasefire uncertain, Powell tempers rate cut hopes
GBP/USD hits weekly high at 1.3626 as ceasefire between Israel and Iran breaks down.Powell says rate cuts can wait; tariffs may lift inflation and weigh on…
USD/JPY sides below 145.00 as Yen recovers from five-week low
USD/JPY slips below 145.00, testing key 100-day moving average.
The Japanese Yen recovers from its five-week low on Monday as risk sentiment improves.
The…