[ad_1] Share: WTI crude oil trades with over 0.50% losses after hitting a high of $90.34. Federal Reserve’s decision to hold rates but project higher rates for the next year has snapped WTI’s three-week rally. Oil prices were cushioned by a drop in oil rigs count in the US, along with China’s economic
[ad_1] © Reuters. Monday saw the U.S. Dollar reach its highest level since March, as investors sought safer options amidst speculation that central banks would maintain high interest rates to curb inflation. This development coincided with a decline in U.S. government bonds, while stocks remained steady. The and the , heavily influenced by technology companies,
[ad_1] © Reuters. The Pound (GBP) experienced further losses on Friday, rounding off a challenging week marked by a deepening contraction in the U.K.’s service sector activity, according to the latest survey. This development has intensified recession fears and fueled expectations that the Bank of England (BoE) has concluded its interest rate hikes. The Confederation
[ad_1] Article written by Axel Rudolph, Senior Market Analyst at IG GBP/USD remains under pressure in six-month lows Following last week’s decision by the Bank of England’s (BOE) to keep rates steady at 5.25%, the British pound remains under pressure and continues to trade in six-month lows versus the greenback. A fall through last week’s
[ad_1] © Reuters. Investing.com – The U.S. dollar edged higher, just below the recent six-month high, making a steady start to the new week as traders digested last week’s series of central bank interest rate decisions. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies,
[ad_1] Recommended by Daniel Dubrovsky How to Trade EUR/USD The US Dollar experienced mixed performance against its major peers this past week. Looking at the chart below, the British Pound was the worst performer weakening about -1.2%. Meanwhile, the New Zealand Dollar was better off, rallying around 1.1%. Meanwhile, Wall Street took a plunge in
[ad_1] Share: Next week, markets will continue to digest the outcomes of recent central bank meetings. Additionally, market participants will closely monitor the release of economic data, with a particular focus on inflation figures from the Eurozone and the US Core Personal Consumption Expenditure (PCE) index. Here is what you need to know
[ad_1] © Reuters. On Friday, the yen fell sharply against the dollar, trading at 148.31, following the Bank of Japan’s decision to keep interest rates in negative territory. This move indicates that the bank is not in a hurry to wind down its large-scale stimulus program. Concurrently, the dollar rose by 0.2%, marking its 10th
[ad_1] Share: AUD/USD is up 0.51%, benefiting from the overall weakness of US Dollar. Despite hawkish remarks from various Fed officials, the US Dollar remains subdued, with the DXY showing modest gains at 105.55. Solid PMIs in Australia and considerations of rate hikes by the RBA support the AUD. Key economic data scheduled
[ad_1] Share: NZD/USD rebounds from a daily low of 0.5919 to 0.5977, driven by improved risk appetite and a softer US Dollar. Mixed US economic data and hawkish yet cautious remarks from Fed officials fail to bolster the Greenback, with the DXY slightly up at 105.47. Upcoming economic indicators, including Consumer Confidence and
