[ad_1] Share: WTI rose above $83.00 to its highest point since mid-April, seeing more than 1.70% gains. The WTI barrel will set a sixth consecutive winning streak, and indicators flash overbought conditions. The USD weakened following NFPs figures revealing a deceleration of job creation in July. At the end of the week, the
[ad_1] Share: Following weak US data, EUR/USD climbs to a new weekly high above 1.1004. The July US Nonfarm Payrolls report gave mixed signals, with fewer people adding to the workforce while wages increase. Germany reported strong factory orders for June, but soft Retail Sales in the EU came in at -0.3% MoM,
[ad_1] Share: Gold price has recovered significantly since autumn last year. Economists at Commerzbank analyze the yellow metal’s outlook. Gold seen trending sideways near $1,950 in the short term Gold price is likely to trend sideways in the short term, as uncertainty about the future path of US monetary policy remains high. Lower
[ad_1] Share: EUR/GBP struggles to capitalize on its modest intraday bounce from the 0.8600 mark. The BoE’s less hawkish signals undermine the GBP and act as a tailwind for the cross. Speculations that the ECB will soon pause its rate-hiking cycle caps gains for the Euro. The EUR/GBP cross attracts fresh buying near
[ad_1] EUR/USD, EUR/JPY PRICE FORECAST: Recommended by Zain Vawda Get Your Free EUR Forecast MOST READ: Dollar Index (DXY) Eyes Acceptance Above 100-Day MA, USD/CHF Ticks Higher EUR/USD has been on a steady decline since printing a fresh YTD high on July 18 around the 1.1275 mark. Yesterday saw an attempted push above the psychological
[ad_1] POUND STERLING TALKING POINTS BoE pushes rates to 5.25%. Incoming economic data will be more crucial than ever moving forward. GBP struggles to find a bid post-announcement. Recommended by Warren Venketas Get Your Free GBP Forecast GBP/USD FUNDAMENTAL BACKDROP The Bank of England (BoE) decided to hike interest rates by 25bps (see economic calendar
[ad_1] GBP/USD and GBP/NZD Analysis and Charts US dollar downgrade not showing in USD-crosses today. GBP/NZD multi-year high as NZ unemployment grows. Recommended by Nick Cawley How to Trade GBP/USD Rating agency Fitch took a red pen to the US credit rating yesterday, downgrading it from AAA to AA+ with a stable outlook. The move,
[ad_1] Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, S&P 500, Hang Seng Prices, Analysis, and Charts Nasdaq 100 steady after recent gains The steady rally here goes on, with no sign of a downturn at hand.Late July saw a brief pullback, but this resolved into a move higher that has left the
[ad_1] © Reuters. A twenty pesos coin is seen, as Mexico’s Central Bank (Banco de Mexico) puts into circulation a twenty pesos coin which commemorates the 100th anniversary of the arrival of the Mennonites to the country, in this picture illustration taken August 9, 2022. MEXICO CITY (Reuters) -Mexico’s peso on Friday hit its highest
[ad_1] Last week, the Fed hiked interest rates by 25 bps bringing the FFR to 5.25-5.50% as widely expected. The policy statement was left unchanged, so the market couldn’t get any signal for the next moves. In fact, the focus was not on the decision itself, but on the forward guidance. Fed Chair Powell in
