The US Dollar (USD) came under strong selling pressure and ended the week around 105.00, the lowest level in the past three weeks. The New York Fed will publish its Consumer Inflation Expectations on ...
The US Dollar, represented by the DXY Index, has extended its decline, weighed down by soft labor market figures falling below 105.00 on Friday.
The GBP/USD registered decent gains of more than 0.20% on Friday after June’s US jobs data showed the economy added more jobs ...
Bitcoin price drop under support at $55,000 ushered a market-wide correction in top altcoins, including XRP. Ripple erased ...
However, if the index rises above the June high of 106.13 (June 26), it might face the 2024 top of 106.51 (April 16). Once it ...
The EUR/USD pair finally gathered directional strength following a two-week consolidative stage and reconquered the 1.0800 mark, currently trading ahead of the close at around 1.0820 and after hitting ...
In its Semi-Annual Monetary Policy Report published on Friday, the Federal Reserve (Fed) noted that they have seen modest further progress on inflation this year but added that they still need greater ...
Despite Pound Sterling’s (GBP) limited reaction to the UK election result, the drop in the value of the US Dollar (USD) over the past couple of sessions has allowed the GBP to move into the position ...
A daily candlestick close below $120.91 would invalidate the bullish thesis.
Industry in the Eurozone is under pressure. Germany's industrial production index plunged 2.5% in May. By the same month a year earlier, the loss was 6.7% - the worst result since August 2020.
Dovish remarks from Federal Reserve (Fed) Chairman Jerome Powell, during his speech at the European Central Bank (ECB) Forum on Central Banking in Sintra, spelled doom for the Greenback. The pain was ...
The Pound Sterling performs strongly, as Keir Starmer's outright majority win as UK PM has brought stability on the political front. Investors expect the BoE to begin reducing interest rates from ...