Gold continues to ride higher for the second straight day on Thursday. The move was sponsored by the weaker US GDP data and risk aversion in the market. US GDP declined unexpectedly in Q2 amid high inflation figures, interest rate …
It has been a tale of two-week for the Swiss franc. USD/CHF fell about 200-pip since July 14 and looks further weakness. The currency appreciated to nearly 0.9600 against the US dollar. Global recessionary fears and a less hawkish Fed …
The EURO renews its weakness against the greenback. The recent relief rally took a U-turn after the buyers failed to sustain the gains beyond the 1.0250-1.0280 zone. The lack of fundamental triggers and recovery in the US dollar exerts pressure …
Amid a rise in risk appetite, ahead of the key Fed meeting, the riskier asset started the fresh week on an optimistic note. Wall Street is expected to open higher as investors braced for the US earning sessions. The European …
The British Pound recovered from the session’s lows but the upside remained capped. The latest mixed economic data weighed on the currency. However, a correction in the US dollar kept the downside limited. The S&P Global PMI released today showed …
The shared currency lost part of its two-day gains post ECB decision and political uncertainty in Italy. The currency reversed its early gains and trades below 1.0200. Despite the weakness in the US dollar, the asset is failed to sustain …
WTI crude oil trades lower despite the weakness in the US dollar. The greenback holds an inverse relationship with the commodities. Further, increased API inventories and a gloomy global economic outlook weighed on the demand scenario. The US dollar trades …
The shared currency rallied more than 1% on Tuesday. The move is sponsored by the dual factor of the weakness in the US dollar and the ECB’s larger rate hike expectations. The pair spiked near one week-high at 1.0269. The …
The Sterling outperformed the G-10 currencies as the fresh trading week begins. A correction in the U.S dollar and risk-on mood supported the move in the Britain Pound. Investors assessed the impact of the Fed interest rate hike. However, a …
XAU/USD beating continues for the fifth consecutive week. The precious metal loses its sheen as investors are shunned from the asset. The exponential rise in the US dollar since March 2022 brings a rout in the financial market. Why USD …
