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Markets
Dow Jones drops as fresh trade fears rattles markets
The Dow Jones Industrial Average (DJIA) struggled on Wednesday, declining a little over 500 points at its lowest point on the day. Investors are facing fresh risk-off sentiment as…
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WTI gains traction amid surprise US inventory draw and weaker Greenback
West Texas Intermediate (WTI) Crude Oil edges higher on Wednesday, extending gains for the second consecutive session as traders react to a surprise draw in US inventories. The…
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USD/CHF steadies amid trade optimism, Swiss deflation concerns
The USD/CHF pair is down 0.10% on Wednesday, trading around 0.7950 at the time of writing, after bouncing from the 0.7900 area earlier this week. The US Dollar (USD) is holding…
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AUD/USD rises modestly on trade optimism, awaits PMI, US inflation
AUD/USD trades slightly higher around 0.6500 on Wednesday at the time of writing, up about 0.10% for the day. The pair benefits from a renewed risk-on mood, as investors welcome…
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Gold steadies above $4,000 as US Dollar loses momentum
Gold (XAU/USD) is attempting to stabilize on Wednesday after a brutal selloff from record highs the previous day, finding some support as the US Dollar (USD) softens. At the time…
GBP slumps as UK inflation growth cools down
Pound Sterling slumps as UK inflation growth cools downThe Pound Sterling (GBP) faces intense selling pressure against its major peers on Wednesday after the release of the United…