Share: Pound Sterling may continue its three-day losing spell further amid uncertainty over the economic outlook. S&P Global reported that UK Services PMI contracted for the second time straight. BoE policymakers shifted focus on the UK’s economic prospects against persistent inflationary pressure. The Pound Sterling (GBP) faces selling pressure as investors start worrying
Share: Gold price trades sideways as uncertainty about the interest rate outlook persists. The Fed kept interest rates unchanged but left doors open for further policy tightening. Unlike other G7 economies, the US remains resilient on the grounds of a strong labor market and upbeat consumer spending. Gold price (XAU/USD) struggles to find
Share: The US Dollar turns choppy as strike risks escalate at biggest US car makers. Traders will likely keep powder dry for the Fed interest rate decision on Wednesday. The US Dollar Index breaks below 105 and rebounce at start US session. The US Dollar (USD) takes a step back ahead of the
Share: The US Dollar is in the green and is set for weekly gains. ECB Lagarde dropped the ball and the Euro got punished. The US Dollar Index stronger as PPI and Retail sales surprise to the upside. The US Dollar (USD) firmly above 105 in the US Dollarindex (DXY) and has the
Share: The Euro trades close to 1.0700 vs. the US Dollar. Stocks in Europe en route to a mixed close on Tuesday. EUR/USD’s upside momentum falters ahead of 1.0770. The USD Index (DXY) regains some balance following Monday’s drop. Germany Economic Sentiment improves a tad in September. The NFIB index came in below estimates in August.
Share: Office for National Statistics will release the UK labor market report at 06:00 GMT on September 12. The Unemployment Rate in the United Kingdom is set to rise to 4.3% in the quarter to July. The UK jobs and wage inflation data could have a strong bearing on the BoE interest rate
Share: Gold price remains sideways as the market awaits US inflation data for further action. The US Dollar corrects marginally, while the broader bias remains bullish due to US economic resilience. Fed policymakers are expected to maintain the status quo on September 20 as US inflation is falling and the economy is better
Share: Pound Sterling climbs above a two-day high as the appeal for risk-sensitive currencies improves. Investors shift focus to UK employment data for July, which will be published on Tuesday. BoE Pill and Mann are set to speak on Monday and Tuesday, respectively. The Pound Sterling (GBP) rebounds strongly as bearish market sentiment
Share: The Euro gathers further steam vs. the US Dollar. Stocks in Europe now trade in a mixed fashion. EUR/USD advances to daily peaks near 1.0730. The USD Index (DXY) breaks below the 105.00 yardstick. Final August CPI in Germany matched the preliminary readings. Wholesale Inventories, Consumer Credit Change come next in the US docket. On
Share: Gold price discovers support as Fed policymakers see no interest-rate increase in September. The USD Index hovers near 105.00, preparing for a fresh upside amid the risk-off mood. Fed’s Goolsbee said the central bank is aiming to push the economy on a “golden path”. Gold price (XAU/USD) extends recovery as Federal Reserve (Fed)
