What’s Happening with USD/MXN? Market Update USD/MXN has managed to trim some of its losses following a bout of weakness in the US Dollar across the foreign exchange market. This comes as data from the United States came in mixed, leaving traders uncertain about the future direction of the currency. To add to the uncertainty,…
Cable Accelerates Higher on UK Inflation Data What the Latest Inflation Numbers Mean for the UK Economy On Wednesday morning, cable accelerated higher following the release of UK inflation data, which revealed that price pressures are continuing to ease. However, core inflation remains elevated and close to its record high, signaling that the Bank of…
The Fluctuating Gold Price: What Investors Need to Know Introduction Gold price (XAU/USD) has been flirting with the crucial support level of $1,900 as investors eagerly await the Federal Open Market Committee (FOMC) minutes for guidance on inflation and the interest-rate peak. The precious metal has been facing selling pressure as the US Dollar and…
Charmingly eccentric, full of personality, and designed for maximum reader engagement USD/CAD Bulls Take a Breather at Highest Level Since Early June Keeping the Reins Around 1.3500 Heading into Wednesday’s European Session As the USD/CAD bulls pause for a breather at the highest level seen since early June, the currency pair hovers around the 1.3500…
Gold Price (XAU/USD) remains pressured at $1,901 Introduction During the early hours of Wednesday’s Asian session, the price of gold (XAU/USD) continued to face pressure at $1,901. This comes as the precious metal reverses a late Tuesday corrective bounce off the lowest level in seven weeks amidst a cautious mood in the market. Factors influencing…
Silver’s Price Challenges Despite Bounce Market Volatility and Silver Pricing As the global economy continues to navigate through uncertain times, the price of silver remains a point of interest for investors and financial analysts alike. The recent fluctuations in the value of silver, particularly the XAG/USD rate, highlight the challenges faced by precious metal markets…
EUR/USD Extends Losses as US Data Reignites Fed Tightening Worries Overview EUR/USD extended its losses on Tuesday for two straight days and clings above the 1.0900 figure after solid data from the United States (US) reignited worries of additional tightening by the Federal Reserve (Fed) amidst a resilient US economy. At the time of writing,…
