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Slumps below 0.7800 after clash on 50-day SMA
The USD/CHF retreats on Wednesday down by 0.25% as the pair failed to post a daily close above the 50-day Simple Moving Average (SMA) of 0.7819 as the Greenback trimmed some of its…
BIS defends its global rulemaking role against US criticism
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XAG/USD rebounds as war fuels safe-haven demand
Silver (XAG/USD) advances on Wednesday, trading around $83.80 at the time of writing, up 1.60% on the day. The precious metal is rebounding after a steep correction seen over the…
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Dow Jones rebounds as strong ADP, ISM data ease growth fears
The Dow Jones Industrial Average traded 312 points higher, or 0.65%, at 48,807 at the time of writing on Wednesday, clawing back most of Tuesday's losses after a session that saw…
Federal Reserve grants Kraken access to payments system in first for crypto group
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GBP/USD rebounds toward 1.3400 as markets look past strong US data
The Pound Sterling (GBP) recovers some ground versus the US Dollar (USD) on Wednesday, though tensions in the Middle East remain high, pushing macroeconomic data releases into the…
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Energy shock delays easing path – Rabobank
Rabobank’s Senior Macro Strategist Stefan Koopman argues that the recent surge in Oil and natural gas prices has derailed expectations for near-term Bank of England rate cuts, with…