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Forex
US Dollar slides to four-month low ahead of Fed’s decision
The US Dollar (USD) ended the week near a four-month low of around 97.80, maintaining a weak tone amid risk aversion in financial markets. Concerns escalated after US President…
Gold rockets to $4,988 as USD crashes on Yen intervention rumors
Gold (XAU/USD) surges during the North American session on Friday, up by over 1% as the US Dollar (USD) gets smashed on intervention rumors to propel the Japanese Yen (JPY) in the…
GBP/USD surges to 1.3600, hits four-month high as Dollar selling intensifies
The British Pound (GBP) continues to outperform the US Dollar (USD) on Friday, with GBP/USD climbing to the 1.3600 handle as the Greenback remains under broad-based selling…
Silver hits all-time high above $100.00
Silver (XAG/USD) prices reached the $100.00 milestone on Friday, recording an all-time high of $100.39 before retreating towards the triple-digit figure. The grey metal is posting…
EUR/USD steadies near 1.1750 as mixed US data fail to lift the Greenback
The Euro (EUR) trades flat against the US Dollar (USD) on Friday, as traders show a muted reaction to the latest US economic data. At the time of writing, EUR/USD is hovering near…
Gold stalls below record highs as markets digest US PMI, UoM data
Gold (XAU/USD) regains ground on Friday, extending its advance after coming under brief pressure earlier in the day. The metal surged to a fresh record high near $4,967 during the…
Where “smart money” is looking to buy
The headlines this morning are screaming about Intel (INTC) dropping over 10% to $47.29 on earnings. The retail crowd is panicking, selling into the hole, and wondering what went…
EUR/GBP slides as UK PMIs and Retail Sales beat expectations
The Euro (EUR) weakens against the British Pound (GBP) on Friday, with the Sterling outperforming its major peers after stronger-than-expected UK economic data. At the time of…
GBP/USD may not have enough steam to break above 1.3570
Pound Sterling outperforms on strong UK Retail Sales, PMI dataThe Pound Sterling (GBP) rises strongly against its major currency peers, jumps to near 1.3536 against the US Dollar…
Nasdaq futures rebound from lower structure as central pivot is reclaimed
Price responds to predefined levels after another failed attempt above 26036, keeping the broader structure intact.Nasdaq futures desk updateRebound From Lower Structure Reclaims…