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Forex
Pound Sterling Price News and Forecast:GBP/USD firm as Fed easing bets outweigh soft US PMI signals
GBP/USD firm as Fed easing bets outweigh soft US PMI signalsThe Pound Sterling turns positive in the day as traders increase their bets that the Federal Reserve could cut rates at…
USD/CAD hovers near 1.4100 as markets digest Fed remarks and mixed Canadian data
The Canadian Dollar (CAD) holds steady against the US Dollar (USD) on Friday, with USD/CAD hovering near 1.4100 as the Greenback stages a rebound after briefly losing momentum on…
S&P Manufacturing PMI declines to 51.9 in November, Composite PMI rises to 54.8
US S&P Global Composite PMI rose to 54.8 in November's flash estimate from 54.6 in October, showing that the business activity in the US' private sector continued to expand at…
Fed can still cut rates in near term
Federal Reserve (Fed) Bank of New York President John Williams said on Friday that the Fed can still cut rates in the near term, given current policy is modestly restrictive, per…
Gold slides as December Fed rate cut bets diminish
Gold (XAU/USD) trades on the back foot on Friday, weighed down by fading hopes of a December interest rate cut from the Federal Reserve (Fed). At the time of writing, XAU/USD is…
EUR/JPY approaches 180.00 on weak data, Yen intervention threats
The Euro snapped a four-day rally against the Japanese Yen on Friday and is dropping about 0.7% on the day so far, reaching session lows at 180.30. The pair is retreating from the…
Pound Sterling slumps after poor UK Retail Sales, flash PMI data
The Pound Sterling (GBP) falls sharply against its major currency peers on Friday, following the release of poor United Kingdom (UK) Retail Sales data for October, and preliminary…
Slight retracement ahead? – OCBC
US Dollar (USD) traded a touch firmer on release of delayed Sep jobs report. DXY was last at 100.12 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.2-way trades…
EUR/USD picks up with Eurozone business activity figures in focus
EUR/USD is going through a mild recovery on Friday, trading at the 1.1545 area at the time of writing, after bouncing from two-week lows on Thursday, right above 1.1500. The pair,…
Hovers around 1.4100 as bullish bias persists
USD/CAD edges lower after two days of gains, trading around 1.4090 during the early European hours on Friday. The daily chart’s technical setup reflects a persistent bullish bias,…