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Powell says the time has come for rate cuts, pushing yields and the dollar lower But cautious rally in stock earnings, and inflation data awaited Oil jumps amid fresh escalation between Israel and...
Last Week, Fed Chair Powell signaled policy adjustments, emphasizing concerns about labor market weakness. The impact of Powell’s remarks on the FX space saw GBP/USD and EUR/USD reach new...
Fed minutes reveal some members wanted a July cut Nonfarm payroll growth revised down by the most since 2009 PMIs in focus ahead of Powell’s Jackson Hole speech Wall Street gains ground, oil extends...
Stocks in the green again as investors await the Jackson Hole gathering Economists look for strong Fed easing in 2024 despite recession talk dissipating Dollar remains on the back foot against most...
GBP/USD’s rebound off 200-day SMA still holds Stochastic in the overbought area RSI ticks south above the 50 level GBP/USD continues last week's rebound off the 200-day SMA and the 50.0% Fibonacci...
Gold (XAU) climbed by 2% on Friday, reaching an all-time high. Strong demand for safe-haven assets fueled the rally as markets assessed the Federal Reserve's monetary policy outlook. Upbeat US...
In the upcoming week, major currency pairs like GBP/USD, EUR/USD, and USD/JPY could experience significant dollar-driven moves despite a lighter economic calendar. With rising US unemployment and...
The US dollar is weaker against all the G10 currencies today. The New Zealand dollar is the strongest, which might fit into the narrative that the carry trades are making a comeback, but the yen and...
The British pound has extended its gains on Friday. GBP/USD is trading at 1.2887 in the European session, up 0.31% on the day at the time of writing. It has been a winning week for the pound, which...
GBP/USD Key Points Both the UK (2.2% y/y) and US (2.9% y/y) CPI reports came in a tick below expectations Readers risk behind the curve by focusing on a storyline (inflation) that the market has...
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