The Euro pair has extended its progress in the European session today. The major currency pair is fighting for new traces after falling for three days while the previous day, do not forget that the pair reached its lowest consolidation phase in 15 months. The current resolution among EUR / USD traders may be linked [...]
The pound is struggling today against greenback due to heightened nerves about the global growth outlook and as trader’s awaited U.S. jobs data for a clue on the timing of Federal Reserve policy tightening. Investors are investing in greenback due to raising concerns about the central bank and higher inflation in November. Traders are keen [...]
The US dollar has been enjoying its peak level around the rise in Treasury yields ahead of Federal Reserve speakers this week, confirming expectations that asset purchases will begin to decline by the end of this year. The U.S. economy will soon meet the Federal Reserve's bar for beginning to reduce its bond purchase program, [...]
Gold prices shaded off today after the U.S. Federal Reserve signalled easing its monthly bond purchases by next year and a sooner-than-expected interest rate hike, which could increase the opportunity cost of holding the non-yielding bullion. Yesterday afternoon’s statement from the Federal Reserve’s Open Market Committee (FOMC) was deemed mostly neutral on U.S. monetary policy [...]
