Share: The XAU/USD advanced to $1,980 after hitting $1,995 earlier in the session. Housing data from the US from October came in better than expected. Hawkish Fed speakers and US yields recovering halted the metal’s rise. The XAU/USD saw a slight upsurge in Friday’s session and is currently trading at $1,980 after hitting a
Share: The CAD caught a bounce on risk appetite in early Friday trading. Industrial inflation figures in Canada print better than expected. US Dollar, Fed reaction is driving the market today. The Canadian Dollar (CAD) is looking to pare back some of Thursday’s losses, catching some support from bolstered Crude Oil bids, but
Share: The GBP/USD is trading flat but rough on Friday, trying to hold above the 1.2400 handle. The Pound Sterling’s midweek rally is still under threat as markets pare away gains. Slumping UK data is sending the GBP into consolidation. The GBP/USD is treading water just above the 1.2400 handle as the pair
© Reuters. NEW YORK – The euro saw a slight uptick against the US dollar today, with the trading pair reaching 1.0883 amid a mix of economic indicators from both regions. The Eurozone’s current account results exceeded expectations, which provided some support to the single currency, while the US dollar struggled to gain ground following
Share: Mexican Peso’s advance against the US Dollar halts, with USD/MXN bouncing from recent lows despite broad-based USD weakness. Banxico officials hint at a less restrictive monetary policy yet suggest gradual rate cuts. Upbeat US economic data and Federal Reserve officials’ resistance to early rate cuts propelled the USD/MXN up move. Mexican Peso
EUR/USD Analysis and Charts EUR/USD jumped this week as US inflation slowed down It has held most of those gains through Thursday’s session Key resistance still eludes the bulls, however Learn How to Trade EUR/USD With our Complimentary Guide Recommended by David Cottle How to Trade EUR/USD The Euro has hung on to most of
© Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Herbert Lash NEW YORK (Reuters) -The dollar gained on Wednesday after still strong U.S. retail sales fell less than expected in October, a reminder for the market that a definitive date for the Federal Reserve to cut
Article by IG Senior Market Analyst Axel Rudolph FTSE100, DAX 40, S&P 500 Analysis and Charts FTSE 100 rallies on softer US and UK inflation The FTSE 100 is on track for its third consecutive day of gains on softer US and UK inflation with the early November high at 7,484 being retested. Further up
© Reuters. Investing.com – The U.S. dollar traded largely unchanged in early European trade Tuesday ahead of the latest inflation data that could determine the path of U.S. monetary policy, while sterling gained as U.K. workers continued to receive healthy wage increases. At 03:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against
US Crude Oil Analysis and Charts • Crude prices remain above recent lows • Demand forecasts have been tweaked higher • Strong downtrend still dominates the daily chart Download our Free Guide to Help You When Trading Oil Recommended by David Cottle Understanding the Core Fundamentals of Oil Trading Crude oil prices gained a little
