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Gold Surges to a Record High on USD Weakness Gold (XAU/USD) hit a record high on Friday, bolstered by a weaker US dollar (USD) and declining bond yields. Rising expectations of a substantial US...
In the UK, jobless claims rose by 23.7K in August, much better than the 95.5K expected and the 102.3K rise in the previous month. This is relatively positive data as it suggests that the rate of...
UK labor data beats expectations, with regular pay rising by 5.1% and employment increasing by 265k. BoE faces challenges in balancing strong employment figures with moderating wage growth and rate...
GBP/USD hovers within critical zone Stochastics and RSI lose momentum GBP/USD has lost its positive momentum after the pullback on the almost two-and-a-half-year high of 1.3265, trading within the...
GBP/USD starts a new bearish wave but maintains a broad uptrend Technical signals reflect the appetite for more selling; eyes on 1.3100 GBP/USD resumed its negative momentum during Tuesday’s early...
US Consumer Confidence “beat” expectations, but the deterioration in consumers’ view of the labor market is the more salient development for markets. The gap between consumers seeing jobs as...
The British pound has been one of the best-performing currencies in recent weeks, driven by a good run of UK data and expectations that the Bank of England will not cut interest rates at its...
BoE Governor Bailey’s speech at the Jackson Hole Symposium reiterated BoE’s cautionary dovish monetary policy stance. Short-term interest rate markets are likely to price in a shallower and slower...
GBP/USD’s bull run slows down near a familiar resistance area Some stability is likely; sellers need a close below 1.3188 to gain control GBP/USD opened the week with marginal losses after its...
The GBP/USD pair has surged above 1.32, reaching its highest level since March 2022. Key macro readings this week will influence future Fed rate cut expectations and impact the pair. US dollar...
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