Last week’s decline in gold prices accelerated after the break of the current downtrend channel support. The last time Gold traded at such a low was six months ago, when the US regional banking crisis triggered an influx of buyers, pushing prices away from support around $1809. The biggest weekly loss in the last two
GBPUSD daily MUFG discusses the high possibility that this week’s UK labor report and the US CPI data could influence market expectations surrounding the Bank of England’s (BoE) rate hike. Recent statements from Governor Andrew Bailey and Chief Economist Huw Pill hint at a more dovish stance, which may affect the GBP’s performance in the
Share: USD/CHF declined for a third consecutive day to 0.87800, below the 20-day SMA of 0.8800. US JOLTs from July came in lower than expected, which fueled a decrease in US bond yields. Hawkish bets on the Fed for November remain high—markets pricing in rate cuts In June 2024. On Tuesday, the USD faced
