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GBP/USD edges lower to 1.3120 as UK CPI fuels BoE rate cut bets
The GBP/USD edges modestly lower on Wednesday as inflation in the UK ticked lower in October, increasing the chance of a possible interest rate cut by the Bank of England (BoE). At…
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Gold gains as risk-off mood deepens; traders await Fed Minutes
Gold (XAU/USD) edges higher on Wednesday as a risk-off tone across global markets revives safe-haven demand. At the time of writing, XAU/USD is trading around $4,113, up nearly 1%,…
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EUR/JPY rises sharply as Japanese bond yields hit 17-year high
EUR/JPY trades around 180.90 at the time of writing, up 0.45% on the day, reaching a new multi-year high amid intensifying pressure on Japanese government Bonds. The move is…
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XAU/USD rallies beyond $4,100 on risk-off trading
Gold (XAU/USD) is trading higher for the second consecutive day on Wednesday, reaching intra-week highs, right above $4,100, favoured by the risk-averse markets and heightened…
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EUR/USD extends losses as Eurozone inflation pressures moderate
EUR/USD has given away gains after another rejection at the 1.1600 area to reach fresh weekly lows at.1.1565 following the release of Eurozone inflation figures. The pair is…