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Forex
XAG/USD slumps to near $48.00 as traders lock in profits
Silver price ( XAG/USD) extends the decline to around $48.10 during the early Asian session on Wednesday. The white metal remains under pressure after facing its steepest sell-off…
WTI rises above $57.50 amid easing US-China trade tensions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $57.55 during the early Asian trading hours on Wednesday. The WTI rises as a sign that easing US-China…
Japanese Yen weakens to near 152.00 as Takaichi elected as Japan Prime Minister
The USD/JPY pair attracts some buyers to six-day peaks near 151.90 during the early Asian session on Wednesday. The Japanese Yen (JPY) weakens against the US Dollar (USD) after…
EUR/USD slips as Dollar rises on trade talks, US government optimism
EUR/USD falls during the North American session, edges lower 0.31% as the Greenback remains bid as a sign of relief as US President Trump tempers his rhetoric on China. The pair…
Dow Jones claims record high on earnings beats
The Dow Jones Industrial Average (DJIA) surged into a record high on Tuesday, testing above 47,000 and posting a new all-time intraday high of 47,126. ‘Old economy’ stocks from…
UK inflation data steal the show
The US Dollar (USD) managed to regain traction and clocked a marked bounce on turnaround Tuesday. The Greenback’s recovery came on the back of easing trade tensions and alleviated…
Rangebound with bearish bias intact below key SMAs
The Australian Dollar (AUD) trades on the back foot against the US Dollar (USD) on Tuesday, weighed down by broad-based Greenback strength amid cautious optimism that the US-China…
Swiss Franc weakens as the Greenback firms amid easing US-China trade tensions
The Swiss Franc (CHF) weakens against the US Dollar (USD) on Tuesday, as the Greenback extends gains and fading risk aversion curbs demand for the Franc. At the time of writing,…
Silver sinks as risk-on sentiment, stronger USD weigh
Silver (XAG/USD) sinks on Tuesday, trading around $48.70 at the time of writing, down 7.00% for the day after briefly touching an intraday low at $47.90. The sharp decline comes…
EUR/JPY climbs as Yen dips on trade hopes, Eurozone steadiness
EUR/JPY trades around 176.20 on Tuesday at the time of writing, advancing by 0.40% for the day as investors rotate out of defensive assets amid improving market sentiment. The…