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  • admin
  • July 30, 2024
  • Market News

US Dollar Rebounds as Risk Aversion Eases, Focus Shifts to Fed Decision

The US Dollar (DXY) has reversed its earlier losses and resumed its upward trend during Tuesday’s European trading session. This recovery comes amidst easing risk aversion following...
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  • admin
  • July 29, 2024
  • Market News

USD/CHF Climbs to 0.8850 as US Dollar Strengthens Ahead of Fed Decision

The USD/CHF pair has risen to around 0.8850 during Monday’s New York session, driven by a strengthening US Dollar amid anticipation of the Federal Reserve’s (Fed) interest...
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  • admin
  • July 26, 2024
  • Market News

AUD/USD Holds Steady Near 0.6550 After Mixed US PCE Inflation Report

The AUD/USD pair remains stable above the immediate support of 0.6520 following the release of mixed US Personal Consumption Expenditure (PCE) inflation data for June. Mixed Inflation...
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  • admin
  • July 25, 2024
  • Market News

Pound Sterling Slips Amidst BoE Rate Cut Speculation Ahead of US Q2 GDP

The Pound Sterling (GBP) weakens against major currencies on Thursday, excluding the Australian and New Zealand Dollars, as market expectations for a Bank of England (BoE) interest...
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  • admin
  • July 24, 2024
  • Market News

US Dollar Retreats on Mixed PMI Data and Persistent Fed Rate Cut Expectations

The US Dollar Index (DXY) experienced a slight decline on Wednesday, reaching 104.20, primarily driven by mixed S&P PMI figures and continued market anticipation of a dovish...
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  • admin
  • July 23, 2024
  • Market News

Gold Price Rebounds Above $2,400 on Fed Rate Cut Expectations and Weaker US Yields

Gold prices have recovered to $2,404, marking a 0.33% increase, driven by a decline in US Treasury bond yields and a weaker US dollar. This rebound comes...
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  • admin
  • July 22, 2024
  • Market News

Australian Dollar Continues Decline as Week Begins

The Australian Dollar (AUD) opened the week with further losses against the US Dollar (USD), trading around 0.6640 on Monday. This decline is primarily attributed to falling...
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  • admin
  • July 19, 2024
  • Market News

Silver Price Tumbles to $29 Amid Disappointing China Stimulus Measures

Silver prices (XAG/USD) plunged to near $29.00 during Friday’s American session, primarily driven by a lackluster fiscal stimulus package from China’s third plenum meeting. Investors had anticipated...
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  • admin
  • July 18, 2024
  • Market News

US Dollar Sees Minor Rebound, Bearish Outlook Persists

The US Dollar Index (DXY) experienced a slight recovery on Thursday, approaching the 104.00 level, despite concerns about the labor market. This uptick occurred as sellers paused,...
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  • admin
  • July 17, 2024
  • Market News

Mexican Peso Mixed as US Data Boosts Dollar, ECB and BoE Rate Cut Prospects Dim

The Mexican Peso (MXN) experienced mixed performance on Wednesday, weakening against the US Dollar (USD) due to stronger-than-expected US Building Permits data, while strengthening against the Euro...
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