The Pound Sterling (GBP) Recovers in Spite of Negative Market Sentiment UK Struggles in Aggressively Restrictive Monetary Policy Environment It’s been a rollercoaster ride for the Pound Sterling (GBP) recently, as it battles against a backdrop of negative market sentiment and concerns about the UK economy. However, despite the challenges, the GBP has managed to…
The USD/JPY Pair: A Closer Look at Recent Volatility Introduction The USD/JPY pair has been making headlines recently due to its wild spikes following the Bank of Japan’s decision to allow more flexibility in Japanese Government Bonds (JGBs) yields. Despite this move, the central bank opted to keep interest rates unchanged, signaling a cautious approach…
Gold Price Rebounds During Asian Session Market Analysis The gold price attracted some buying during the Asian session on Friday, reversing a portion of the previous day’s steep decline to reach over a two-week low. This drop was primarily due to upbeat macro data from the United States (US). Currently, the XAU/USD is trading around…
Silver Continues to Shine Bright Strong Market Performance Silver has been on an impressive upward trajectory in recent days, gaining positive traction for the third successive day. During the early part of the European session, the white metal surged to a fresh weekly top, currently hovering just above the key $25.00 psychological mark. This marks…
The Impact of Declining AUD/USD on Market Sentiments What’s Been Happening in the Currency Market? Since the 20 July 2023 intraday high of 0.6847, the AUD/USD has declined by 132 pips to print a low of 0.6715 yesterday, 24 July. This downtrend can be attributed to short-term bearish sentiment seen in China equities. The bleak…
Euro continues to slide against the US Dollar EUR/USD struggles to recover The EUR/USD pair remains under pressure as it hovers near the 1.1065 mark, marking a decline for the fifth consecutive day to reach a two-week low. The pair is currently trading with a sideways momentum in the early hours of Tuesday’s Asian session….
AUD/USD Continues Decline for Fourth Consecutive Day Ahead of Australian Jobs Report Description The AUD/USD currency pair has continued its downward trend for the fourth consecutive day. This decline has been driven by the pair’s struggle to break above the 0.6900 resistance level, leading to a correction in the market. Sellers are now targeting a…
Here are the 6 deadliest rebel/terrorist groups that have destabilized Africa for decades For decades, Africa has been having a challenge of rebel/terrorist groups who have played a major role of keeping insecurity alive on the continent. It’s important to note that the situation in Africa is dynamic whereby the status and activities of these…
