Share: Pound Sterling recovery faded as investors hope that Fed-BoE policy divergence will neutralize this month. United Kingdom’s housing sector and factory activities are under pressure due to higher interest rates. BoE’s Broadbent warned that interest rates will remain higher for a longer period. The Pound Sterling (GBP) recovery faltered on Tuesday despite hopes that an […]
Share: Gold price gains some positive traction for the fourth successive day on Thursday. Concerns about a deeper global economic downturn lend support to the XAU/USD. The emergence of some US Dollar buying might cap any further gains for the metal. Gold price trades with a positive bias for the fourth successive day […]
Share: EUR/USD attracts some buyers on Friday and draws support from a modest USD downtick. The Fed’s hawkish outlook should limit any meaningful USD slide and cap gains for the pair. Traders now look to a speech by ECB’s Lane and the final Euro Zone CPI for some impetus. The EUR/USD pair edges […]
Share: Pound Sterling moves higher above 1.2750 as the focus shifts to UK consumer spending data. UK’s strong wage growth and sticky core inflation elevate hawkish BoE bets. Rishi Sunak’s promise of halving inflation to 5% seems uncertain. The Pound Sterling (GBP) comes out of the woods and refreshes weekly high due to expectations of more […]
Share: Gold price regains positive traction on Friday, though the upside potential seems limited. Looming recession risks, the worsening US-China relations lend support to the XAU/USD. The hawkish outlook by major central banks should cap any meaningful upside for the metal. Gold price attracts some buying during the Asian session on Friday and […]
Share: EUR/USD holds steady above the 1.0900 mark, though struggles to attract any buyers. Bets for more Fed rate hikes revive the USD demand and act as a headwind for the pair. Worries about a global economic downturn contribute to capping gains for the major. The EUR/USD pair struggles to gain any meaningful […]
