Share: The Pound Sterling faces significant pressure as the BoE appears to be reluctant to raise interest rates further. BoE Swati Dhingra said that the current interest rate policy is sufficiently restrictive. The UK services sector shrinks after six months of expansion as consumer spending weakens. The Pound Sterling (GBP) cracked significantly amid
Japanese Yen, USD/JPY, Technical Analysis, Retail Trader Positioning – IGCS Update Japanese Yen weakens to softest since November Retail traders are already strongly bearish USD/JPY Is this a sign that the exchange rate may rise? Recommended by Daniel Dubrovsky Get Your Free JPY Forecast The Japanese Yen closed at its weakest against the US Dollar
© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Wednesday, but remained near a six-month peak as global growth concerns weighed on risk appetite. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 104.612, not far off
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts Dow steady above 50-day MA US markets return from their break, with the Dow’s bounce having stalled since last week. Friday’s session witnessed the index attempting to push higher but running out of momentum. So far it is
Share: Gold price juggles below the $1,950.00 resistance as the focus shifts to the US Services PMI. US markets will remain closed on Monday on account of Labor Day. Cooling labor market conditions boost the Fed’s hopes of a soft landing. Gold price (XAU/USD) traded back and forth from the past four trading
The next Federal Open Market Committee (FOMC) decision is due on September 20 and will also include and updated Summary of Economic Projections. The CME ‘Fed Watch’ tool shows markets are pricing a 93% probability of no change to to the Fed Funds rate at this meeting. لینک منبع : هوشمند نیوز
United States Baker Hughes US Oil Rig Count remains unchanged at 512 لینک منبع : هوشمند نیوز
Share: Gold price prepares to extend upside ahead of US PMI data. Fed’s Barkin hopes that the US recession will be “less severe”. Strength in Gold prices has come from restrictive upside in US Treasury yields. Gold price (XAU/USD) strengthens this week as the rally in US Treasury yields halts amid fading hopes
Gold Price (XAU/USD) Analysis, Price, and Chart Gold may struggle to break back above $1,900/oz. ahead of the Jackson Hole Symposium. Robust US Treasury yields are reinforcing the US dollar. Recommended by Nick Cawley How to Trade Gold Gold remains at lows last seen in mid-March and faces further potential losses if Fed chair Jerome
GBP PRICE, CHARTS AND ANALYSIS: For your Free Forecast Guide to Q3 on the GBP, Download It Below Now Recommended by Zain Vawda Get Your Free GBP Forecast Read More: US Dollar Forecast: Will Fed Chair Powell Inject Further Momentum at Jackson Hole? GBP held its own last week against its G7 peers with expectations
