Pound Sterling Rebounds To 1.2935 After Hitting 11-Week Low, As Investors Await Fed And BoE’s 25 Basis Point Rate Cuts
The Pound Sterling (GBP) has made a notable recovery against the US Dollar (USD), bouncing back to near 1.2935 in…
Category: News
Australian Dollar Recovers 0.5% As China’s Trade Surplus Surges 12.7% YoY, US Dollar Weakens Ahead Of Fed’s 25bps Rate Cut Decision
The Australian Dollar (AUD) has regained some strength as the US Dollar (USD) faces pressure ahead of the Federal Reserve’s…
EUR/GBP Struggles Near 0.8300 As Market Awaits BoE’s 25bps Rate Cut, German Industrial Production Declines 2.5% In September
EUR/GBP continues to face selling pressure on Thursday morning, trading around 0.8315 as market participants prepare for the Bank of…
Germany’s Industrial Production Falls 2.5% MoM in September, Worse Than Expected – EUR/USD Holds Steady Above 1.0750
Germany’s industrial sector has shown signs of struggle, with the latest data revealing a 2.5% month-on-month (MoM) decline in industrial…
Bank Of England Set For 25bps Rate Cut- What It Means For GBP/USD, Key Support At 1.2811
The Bank of England (BoE) is expected to implement a 25-basis-point rate cut on Thursday, November 7, 2024, as inflationary…
USD Surges 1.5% On Trump Victory, Pauses Below 105.00 As Markets Eye Fed And BoE Rate Decisions
The US Dollar (USD) surged to new heights on Wednesday, fueled by market optimism surrounding Donald Trump’s presidential victory. This…
Japanese Yen Struggles To Capitalize On Modest Gains As USD/JPY Hits 4-Month High- Intervention Concerns And Fed Decision Weigh On Outlook
The Japanese Yen (JPY) has struggled to build on modest intraday gains, remaining under pressure as it grapples with market…
Gold Price Drops To $2,650 As US Dollar Hits 4-Month High And Treasury Yields Surge To 4.47% Ahead Of Fed Rate Cut Decision
Gold prices remain under significant pressure despite a slight dip in the US Dollar as the market gears up for…
USD/INR Surges Past 84.30 Resistance As Fed Eyes 25 Bps Rate Cut, Indian Rupee Hits Multi-Month Low Amid 98% Rate Cut Odds
The USD/INR pair gained momentum in Thursday’s early European session as the Indian Rupee (INR) weakened, influenced by a strong…
GBP/USD Rebounds From 1.2835 Multi-Month Low, Eyes 1.2900 As BoE Rate Decision And Fed Meeting Awaited
The GBP/USD pair has seen a moderate recovery, moving away from its lowest levels since mid-August as it climbs back…