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Markets
XAG/USD surges to $93.50 record, $100 in sight
Silver prices skyrocketed to a new record high on Wednesday after bouncing off a daily low of $86.91, hitting a new all-time high at $93.52, and it seems poised to clear the…
Gold rallies above $4,600 amid US Dollar weakness and Iran tensions
Gold (XAU/USD) makes a U-turn and registers solid gains on Wednesday, sponsored by broad US Dollar weakness, even though the latest inflation data cemented the case for the Federal…
GBP/USD rallies as Fed independence threats hammer Dollar
The British Pound extended its gains on Wednesday as the Greenback is punished by investors due to threats to the Federal Reserve’s independence and a verbal intervention by…
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Focus remains on US data, Fedspeak, and UK GDP figures
In quite an erratic week, the US Dollar (USD) reversed Tuesday’s marked advance and shifted its attention to the opposite direction on the back of jitters surrounding the Fed’s…
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Inflation challenge has not been won yet
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic said that inflation is still quite far from where they need it to be even though the economy has been pretty…
NZD/USD rises on strong Chinese trade data, capped by firm US Dollar
NZD/USD trades higher on Wednesday, hovering around 0.5750 at the time of writing, up 0.25% on the day. The New Zealand Dollar (NZD) draws support from improved risk sentiment…
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USD/JPY retreats as Japan warns on excessive FX moves
The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Wednesday after fresh warnings from Japanese authorities revived speculation of possible intervention to curb…