Share: Pound Sterling trades in a tight range as investors eye BoE monetary policy decision for further action. The BoE is expected to keep interest rates unchanged amid easing labor market conditions and subdued retail demand. Deepening Middle East tensions dent demand for risk-perceived assets. The Pound Sterling (GBP) struggles to find a
Gold, Silver Analysis Gold prices ease after diplomatic efforts allow for momentary de-escalation An agreement was reached that would see aid flowing to those affected in Gaza and two Israeli hostages made their way back home. This and other ongoing conversations could result in a momentary respite in what has otherwise been a frantic war
© Reuters. FILE PHOTO: A one hundred Argentine peso bill sits on top of several one hundred U.S. dollar bills in this illustration picture taken October 17, 2022. REUTERS/Agustin Marcarian/Illustration/File Photo By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s government intervened in the foreign exchange market on Thursday to tamp down volatility ahead of the
USD/JPY FORECAST: USD/JPY stabilizes after Tuesday’s pullback triggered by possible FX intervention by the Japanese government. The pair maintains a constructive outlook in the near term. This article looks at USD/JPY’s pivotal technical levels worth watching this week. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the
Market Recap Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy Major US indices gave back all of last week’s gains on Friday, with volatility triggered by the triple witching day amid the vast options’ expiry (estimated to be $3.4 trillion worth – the largest September expiry on record). The
Share: Gold price juggles below the $1,950.00 resistance as the focus shifts to the US Services PMI. US markets will remain closed on Monday on account of Labor Day. Cooling labor market conditions boost the Fed’s hopes of a soft landing. Gold price (XAU/USD) traded back and forth from the past four trading
The markets were quiet on the last day of August, awaiting the key jobs report today. Treasuries and the US Dollar were firmer, but off their best levels, while Wall Street closed mixed. Ongoing expectations that the FOMC can pause, or is done with rate hikes continued to support along with the lingering impact from
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