The US Dollar has been set to end this week by its risk appetite and the U.S. market is moving in its path of shifting to the Federal Reserve meeting. The Labor Department said on yesterday that the total number of initial claims for unemployment insurance for the week ended July 17 was 419,000, higher [...]
GBP/USD picks up bids from the last 6 months low on the US dollar pullback. The Sterling bulls have been appeared ahead of the European Central Bank (ECB) meeting. The European Union (EU) has rejected a 28-page paper to change the UK's Northern Ireland (NI) protocol request. The British government said on yesterday that post-Brexit [...]
Amid growing concerns about the Delta Cove variance in the Asia-Pack region, Australia and Indonesia have been badly affected and despite the Aussie fall, the Aussie pair have been suspended since yesterday and downbeat Aussie retail sales report. Preliminary estimates of Australian retail sales for June fell to -0.5% and -0.1% for previous readings, -1.8% [...]
Gold is bidding at the European session today, due to the US Treasury yield dropped. Hopes of passing the US Infrastructure Expenditure Bill seem to confirm market sentiment ahead of its practical vote on Wednesday. However, Delta Covid variant tragedies and reflection fears are on the table to challenge gold traders moving forward. On the [...]
