Euro is printing mild losses by heading into European session today. This move is backed with the US dollar rebound by the tracking the US Treasury yields amid cautious market sentiment ahead of the US Consumer Price Index (CPI) data. Amidst the inflation woes in the market, worries emanating from China further add the risk [...]
GBP/USD is consolidating the recent recovery rally from two-month lows of 1.3424 as buyers started showing interest. A broadly weaker US dollar is the major reason for the buyer’s confidence. However, A lack of progress on the Brexit front along with that the impending threat of the UK triggering Article 16 keeps the pound under [...]
Gold was trading up on Monday morning in Asia. Pullback of the dollar gave the yellow metal a boost. The Fed’s dovish stance on interest rates hike combined with lower levels of US labor force participation had gave some pressure to the dollar last week which helped in the yellow metal's surge. The most important [...]
The yellow metal which has negative correlation (move in opposite directions) to the US Dollar was edging higher due to slightly less hawkish commentary from Fed Chair Jerome Powell. Gold price rallied hard, even though the resurgent US dollar demand on Thursday, as the dovish BOE rate decision added to the Fed’s push back of [...]
