The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on a modest Asian session uptick on Thursday, though it holds above the 102.00 round figure. Moreover, the in…
EUR/JPY inches lower after registering modest gains in the previous day, trading around 175.90 during Asian hours on Thursday. Based on the technical analysis of the daily chart's descending channel pattern, the currenc…
Gold (XAU/USD) comes under some renewed selling pressure on Thursday, sliding back below $4,050 during the Asian session and snapping a three-day winning streak to the weekly top, touched the previous day. The US Dollar…
Silver price (XAG/USD) extends its losses for the second successive day, trading around $53.30 per troy ounce during Asian hours on Thursday. Silver remains anchored near one-year lows following the US Federal Reserve's…
EUR/USD depreciates after registering modest gains in the previous day, trading around 1.1140 during Asian hours on Thursday. The pair loses ground as the US Dollar (USD) bounces back from the previous day's losses afte…
The GBP/USD pair meets with a fresh supply during the Asian session on Thursday, stalling the previous day's bounce from the 1.3275-1.3270 region, or a nearly two-week low. Spot prices drop to the 1.3300 mark in the las…
The USD/CAD pair loses ground to near 1.3975 during the early Asian trading hours on Thursday. The Canadian Dollar (CAD) strengthens against the US Dollar (USD) after the Bank of Canada (BoC) delivers a rate hike. Trade…
The Fed left rates unchanged, with Chair Warsh delivering a clear message: Inflation remains too high, but the committee believes policy is starting to work and wants more information before deciding what comes next.
Strength in base metal stocks helped Canada’s main equity index rise more than 100 points in late-morning trading, while U.S. stock markets also climbed higher.
The low USD/CAD set before the BoC hike didn't survive Fed Chair Warsh's press conference. The pair fell from the top of its post-BoC range to just above 1.4000 in four five-minute bars as he spoke, its session low. It'…
Rio Tinto is not only looking at lithium: the global miner is moving forward with an offensive of partnerships and stakes in copper projects in South America, seeking to secure its expansion in the red metal after 2030.
Three five-minute bars of Fed Chair Warsh's press conference wiped out the Dollar Index's climb into the decision and took it through the session's earlier low. It fell from just above 102.40 to near 102.05, its lowest …
The Pound Sterling (GBP) turns positive on Wednesday as Federal Reserve (Fed) Chair Kevin Warsh highlighted economic resilience after the Fed held rates unchanged amid a split vote. GBP/USD trades near 1.3327, gaining 0…
Federal Reserve (Fed) Chair Kevin Warsh's press conference moved EUR/USD further than the Fed's decision did. The pair climbed from the lower half of Wednesday's range through 1.1150 in three five-minute bars as he spok…
Gold price retreats by 0.21% on Wednesday as Federal Reserve Chair Kevin Warsh said that he is unable to call financial conditions tight, even though credit conditions have tightened. The XAU/USD trades at $4,039 at the…
The Australian Dollar (AUD) rises sharply against the US Dollar (USD) after the Federal Reserve (Fed) held rates steady, despite US inflation staying well above its 2% target. The decision was not unanimous: two members…
The Japanese Yen (JPY) loses ground against the US Dollar (USD) after the Federal Reserve (Fed) kept rates steady on Wednesday, even though US inflation remains well above its 2% target. Of note, the decision was not un…
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Silver (XAG/USD) consolidates modest losses on Wednesday as traders hold back from aggressive bets ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT. Meanwhile, the US Dollar (USD) also ease…
At the post-meeting press conference, Fed Chair Kevin Warsh explained why policymakers decided to maintain interest rates following the October meeting and took questions from reporters about the decision.
Rapport Therapeutics (RAPP) shares sank 22% in premarket trading this morning after it sold stock at a steep discount to pay for its next round of trials.
ING's Chris Turner sees scope for a partial unwind of a 20bp risk premium in 10-year UK gilt yields following the budget. While the Bank of England's tightening outlook should remain broadly unchanged unless minimum wag…
Standard Chartered’s Nicholas Chia expects the Reserve Bank of Australia to raise its cash rate to 4.85% in Q4, likely on 3 November, after stronger-than-projected Q3 underlying inflation. The bank sees the first rate c…
Commerzbank’s Norman Liebke expects the Bank of Canada (BoC) to deliver a widely anticipated 25 bps hike to 2.5%, though he views this as premature given subdued core inflation. Markets have priced four hikes by Septemb…