Forex News

The AUD/JPY Cross: A Closer Look at Recent Trends The Current Scenario The AUD/JPY cross has been experiencing a downward trend for the past three days, reaching its lowest level since March 12 at around 97.20 during the Asian trading session. While there has been a slight rebound, with prices hovering just above the mid-97.00s,…

Gold prices surge as Fed considers rate cut What happened on Wednesday? The gold price (XAU/USD) witnessed a significant increase on Wednesday following the Federal Reserve’s hint at a possible reduction in borrowing costs as early as September. This news caused US Treasury bond yields to plummet, leading to a decline in the value of…

GBP/USD Rangebound After Fed Hold, BoE Rate Cut Expected Federal Reserve, Bank of England Decisions in Focus The GBP/USD currency pair waffled in a near-term range on Wednesday after the Federal Reserve (Fed) hit wide market expectations of one last rate hold for July. The central bank’s decision came ahead of key data releases and…

GBP/USD Stays Calm as Fed Holds Rates and Resists Easing – A Humorous Take on the Latest News The Great British Pound Takes on the American Dollar It was a day of twists and turns for the GBP/USD during the North American session as the Federal Reserve (Fed) decided to keep rates unchanged but put…

Silver Price Surges Near Weekly Highs Growing Global Tensions Drive Precious Metal Higher The price of silver (XAG/USD) has surged to near a weekly high around $28.80 in Wednesday’s North American trading session. This significant jump comes as fears of escalating conflicts in the Middle East continue to rise. Additionally, market speculation is strong that…

The Impact of Monetary Policy Announcements on GBP/USD Understanding the Market Dynamics After rising above 1.2850 during the European trading hours on Tuesday, GBP/USD lost its traction and closed the day in negative territory. The pair moves sideways slightly below 1.2850 in the European session on Wednesday as investors refrain from taking large positions ahead…

GBP/JPY Pares Intraday Losses After BoJ Interest Rate Decision Overview The GBP/JPY pair has managed to pare its intraday losses following the Bank of Japan’s (BoJ) interest rate decision on Wednesday. The currency pair is currently trading around 196.20 during the Asian trading hours, as the Japanese Yen (JPY) weakens despite the BoJ’s decision to…

The British Pound Struggles as GBP/USD Declines Weekly Decline Marks Third Consecutive Drop The British Pound is poised to mark a third weekly decline with GBP/USD off more than 1.8% from a fresh yearly high. The decline takes Sterling into support at former resistance and the first major hurdle for the bears. Battle lines are…