Forex Market News
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Upward Revision to Q2 GDP Aids the US Dollar’s Feeble Recovery

The second estimate of US GDP growth in Q2 saw an upward revision from 2.8% to 3%. However, US resilience has come under pressure, particularly in the labour market of late

Thu Aug 29, 2024 16:43
Gold (XAU/USD) and Silver (XAG/USD) Drift as US Dollar Pares Recent Losses

Gold and silver have come off their recent highs as the US dollar nudges higher ahead of the US open. Nvidia results after the US market closes will be key for risk sentiment.

Wed Aug 28, 2024 16:08
Libya Outages and Middle East Tensions Spark Supply Concerns. WTI Nears key $77.40 Resistance

WTI crude nears pivotal $77.40 level and Brent crude shies away from confluence resistance. External factors continue to influence recent moves as Middle East threat eases

Tue Aug 27, 2024 16:35
Japanese CPI and Ueda’s Comments Prop up the Yen Ahead of Powell’s Address

Japanese inflation provided a slight surprise to the upside, helping the yen gain some ground on the dollar. Markets, however, look to Jerome Powell’s speech later today

Fri Aug 23, 2024 11:40
EUR/USD Underpinned by Better-Than-Expected Euro Area PMIs, Weak US Dollar

Today’s forecast beating Euro Area flash PMIs is underpinning the recent EUR/USD rally as Friday’s speech by Fed chair Jerome Powell nears.

Thu Aug 22, 2024 11:38
EUR/USD and GBP/USD Rallies Fuelled by Ongoing US Dollar Weakness

The UD dollar continues to weaken ahead of today’s FOMC minutes and Fed chair Jerome Powell’s Jackson Hole appearance on Friday

Wed Aug 21, 2024 16:05

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