Cooling US inflation provides room for Fed’s wait-and-see: Silver, Hang Seng Index, GBP/USD by Vinit Makol · June 14, 2023 · no comment Source: IG Market Recap Overnight, major US indices extended their recent gains (DJIA +0.43%; S&P 500 +0.69%; Nasdaq +0.83%) fueled by the ongoing progress of cooling US inflation. This favorable development reflects ... 0 shares
AUD/USD Bulls Energized by PBoC Rate Cut and Mixed Data, Targeting 0.6800 Amid US Inflation Focus by Vinit Makol · June 13, 2023 · no comment AUD/USD gains traction, reaching intraday highs, benefiting from the weakness of the US Dollar and cautious market sentiment. The rate cut by the People's Bank of China (PBoC) and mixed ... 0 shares
Commerzbank: Possibilities of Upside Potential in EUR/CHF Strengthen as Swiss Inflation Continues to Plummet by Vinit Makol · June 12, 2023 · no comment Commerzbank Economists Analyze SNB Policy Outlook and Its Impact on EUR/CHF Pair Swiss National Bank's Willingness to Accept EUR/CHF Depreciation to Increase "A further rate hike at the SNB’s meeting next week ... 0 shares
Turkish Lira Plummets as State Lenders Cease Currency Defense, New Finance Minister Faces Problems by Vinit Makol · June 10, 2023 · no comment The Turkish lira hit new lows against the U.S. dollar on Wednesday, triggering growing concerns about the country's economic stability. One of the factors contributing to the lira's decline is ... 0 shares
Australian Dollar Rises on RBA’s Rate Hike, Awaits Fed’s Response by Vinit Makol · June 10, 2023 · no comment The Australian Dollar has recently gained some momentum, thanks to improving rate differentials. The Reserve Bank of Australia (RBA) has played its part by surprising the market with a 25 ... 0 shares
EUR/USD Falters to Gain Momentum Below 1.0800 Amidst Weaker US Dollar by Vinit Makol · June 9, 2023 · no comment The EUR/USD falters to gain momentum below 1.0800, however the pair exhibited resilience as it closed above the 20-day Simple Moving Average (SMA) for the first time in a month. ... 3 shares
US Dollar Holds Steady as Wall Street Trades Mixed by Vinit Makol · June 8, 2023 · no comment Amidst a backdrop of mixed trading on Wall Street, the US Dollar remains in a rangebound state, exhibiting stability against its major rivals. Investors are treading cautiously, refraining from committing ... 0 shares
US Dollar Weakens as GBP/USD at 1.2450 and EUR/USD at 1.0700 Surge Ahead by Vinit Makol · June 7, 2023 · no comment Both GBP/USD and EUR/USD are making recoveries against the US Dollar in the European session as the greenback as US Dollar weakens. Traders, however, remain cautious amid economic concerns and ... 0 shares
Euro Zone Inflation Endures as ECB Policy Demonstrates Effectiveness: Knot by Vinit Makol · June 6, 2023 · no comment Dutch central bank chief Klaas Knot remarked on Tuesday that underlying price pressures in the euro zone might prove challenging to control, but the effectiveness of monetary policy is becoming ... 0 shares
Gold Price Oscillates Around $1,960 Amid Divided Response to Fed’s June Policy by Vinit Makol · June 6, 2023 · no comment Gold price (XAU/USD) is experiencing a period of consolidation, hovering around the $1,960 mark in the early London session. The precious metal's movement has been characterized by back-and-forth action as ... 0 shares