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Forex
EUR/USD struggles as ECB officials shift focus to revive economic growth
EUR/USD faces pressure near 1.0600 as ECB policymakers seem more worried about the economic outlook than about controlling inflation.
ECB’s Panetta…
Gold price continues losing ground as rising US bond yields offset geopolitical tensions
Gold price attracts some intraday sellers following an intraday uptick to over a one-week high.
Rebounding US bond yields revive the USD demand and exert…
Forex Today: Pound Sterling benefits from UK inflation data, markets await central bank speak
Here is what you need to know on Wednesday, November 20:
Pound Sterling gathers strength against its peers early Wednesday, supported by the…
AUD/JPY rises above 101.00 due to rising doubts over BoJ rate hikes
AUD/JPY gains ground due to increased uncertainty surrounding the BoJ policy outlook.
The AUD appreciated as the RBA Meeting Minutes emphasized the…
USD/CHF attracts some buyers above 0.8800 amid mounting Russia-Ukraine tensions
USD/CHF rebounds to near 0.8835 in Wednesday’s early European session.
Markets have pared bets for a 25 bp) interest-rate cut at the December meeting. …
Gold Price Forecast: XAU/USD looks to test offers at $2,660 amid cautious optimism
Gold price trades in the green for the third straight day on Wednesday, nears $2,650.
Gold price gains on geopolitical risks and steady US Dollar even as…
UK CPI inflation expected to accelerate in October, core rate to ease slightly
United Kingdom’s Office for National Statistics is set to publish the CPI report on Wednesday.
The annual UK headline CPI inflation is expected to rise in…
Australian Dollar remains steady following PBoC interest rate decision
The Australian Dollar appreciated as the RBA Meeting Minutes emphasized the importance of maintaining a restrictive monetary policy.
The PBoC's Monetary…
PBOC leaves Loan Prime Rates unchanged in November
The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Friday. The one-year and five-year LPRs…
EUR/USD looks for higher ground above 1.06
EUR/USD spiraled between key levels on Tuesday as momentum remains limited.
Fiber is looking to stage a recovery back above the 1.0600 handle, but headwinds…