Share: The EUR/GBP is backsliding into 0.8660 as Pound Sterling sees a Friday rebound. EU Retail Sales, UK GDP on the back half of next week’s economic calendar. GBP the big winner for Friday. The EUR/GBP is skidding towards 0.8660 as the market heads into the closing bell for the week, and the
Share: AUD/USD recovers its recent losses on the softer USD. The preliminary US Q3 GDP rose 4.9%, Continuing claims rose to the highest reading since May. The markets anticipate the potential additional rate hike from the RBA at the November meeting. Investors will focus on Australian PPI, and US monthly core Personal Consumption
Share: AUD/USD recovers its losses ground above the 0.6300 mark in early Monday. Fed Chair Jerome Powell and other officials believe rates will stay on hold and may have peaked unless inflation rises. The latest Australian jobs data showed the labor market is easing. Market players will monitor the preliminary Australian S&P Global
© Reuters. FILE PHOTO: A vendor counts Russian rouble banknotes at a market in Saint Petersburg, Russia July 9, 2023. REUTERS/Anton Vaganov/File Photo By Alexander Marrow (Reuters) -The Russian rouble recovered ground on Friday, after weakening to a more than seven-week low past 101 against the dollar, under pressure from lower oil prices and the reduced supply
© Reuters. A view shows a Russian one rouble coin in front of a screen displaying the Spasskaya tower of the Moscow Kremlin in this illustration picture taken August 22, 2023. REUTERS/Maxim Shemetov/Illustration/File photo (Reuters) -The Russian rouble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade on
Share: Gold price attracts bids below $1,860.00 after a mild correction in the US Dollar. The US economy remains resilient due to falling inflation, stable labor demand, and robust consumer spending. Fed Kashkari said that current interest rates are not sufficiently restrictive to bring down inflation to 2%. Gold price (XAU/USD) retreats despite the
© Reuters. U.S. Dollar banknote is seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File photo By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The dollar rose to a new 10-month peak on Tuesday as U.S. bond yields hit their highest level since October 2007, while the Japanese yen recovered from an early
Share: The USD/CAD is recovering for Friday after slipping to 1.3425. Rising oil prices are bolstering the CAD, but the USD has been finding market support. Canadian Retail Sales rose for July, but slightly less than expected, reducing CAD upside. The USD/CAD is set to finish out Friday near where it started, trading
Share: EUR/USD posts modest gains around 1.0665, up 0.07% on the day. The market expects the Federal Reserve (Fed) to hold interest rates steady at its policy meeting on Wednesday. European Central Bank (ECB) President Lagarde said the potential of further rate cuts was not considered among policymakers. Federal Open Market Committee (FOMC)
Gold, XAU/USD, Treasury Yields, TIPS, Real Yields, BRIC, Gold Hoarding – Talking Points The gold price stabilised after the US Dollar found some support overnight Rising Treasury yields appear to be driving real yields ahead of US CPI A miss in CPI forecasts might have implications for real yields and XAU/USD Recommended by Daniel McCarthy
