EUR/USD trades around 1.1700 after pulling back from four-week highs
[ad_1] EUR/USD is pulling back after hitting a four-week high of 1.1742 on Friday. Fed Chair Powell stated that risks…
Category: Forex News
GBP/USD attracts some sellers below 1.3500 on renewed US Dollar demand
[ad_1] GBP/USD weakens to near 1.3495 in Monday’s Asian session. The Fed’s Powell opened the door to resuming interest rate…
PBOC sets USD/CNY reference rate at 7.1188 vs. 7.1161 previous
[ad_1] On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at…
German IFO Business Climate Index unexpectedly rises to 89 in August vs. 88.6 expected
[ad_1] German IFO Business Climate Index surprises to the upside in August. EUR/USD keeps range near 1.1700 after German sentiment…
Fed Chair Powell pivots to cutting mode – ING
[ad_1] Chair Powell could have been super balanced, or even hawkish. But he effectively chose to endorse the market discount…
USD/JPY advances to near 147.50, upside capped by BoJ hawkish signals
[ad_1] USD/JPY could weaken as BoJ Governor Ueda expressed optimism that conditions for another rate hike are coming into place.…
On the verge of trendline breakout above 1.1700
[ad_1] EUR/USD clings to gains above 1.1700 at the start of the week. Fed’s Powell turns dovish on the interest…
XAG/USD maintains position near $39.00, five-week highs
[ad_1] Silver price trades near a five-week high at $39.07, recorded on Friday. The CME FedWatch Tool indicates an 87%…
More data is needed to decide whether a September rate cut is warranted
[ad_1] St. Louis Federal Reserve President Alberto Musalem said on Friday he will need more data before deciding to support…
Gold steadies near two-week highs amid Powell’s dovish remarks
[ad_1] Gold consolidates after rallying to a two-week high of $3,378 on Friday, driven by Fed Chair Powell’s dovish Jackson…