Tag: economic news
GBP/USD Ends Down Week Despite Sterling Uptick – Weekly Market Recap
GBP/USD struggled to gain momentum on Friday, only edging up by 0.13% as the Pound Sterling faced pressure due to the looming rate cut...
EUR/USD struggles to break above 1.09 resistance in light Friday trading
The EUR/USD pair experienced a slight uptick on Friday, although it remained in negative territory for the week overall. Market sentiment has been primarily...
Australian Dollar Weakens Due to Falling Commodity Prices and Risk-Aversion
In the recent trading session, the Australian Dollar (AUD) experienced a slight uptick against the US Dollar (USD), with AUD/USD reaching 0.65515 following a...
Forexlive Americas FX News Wrap: Market Turmoil Triggers ‘Sell Everything’ Day
Today was a tough day in the markets, with stocks, bonds, commodities, and precious metals all taking a hit. The only exception was bitcoin,...
MLF Day in China: People’s Bank of China Not Expected to Cut Rates |...
The People's Bank of China announced on the 15th of this month that the Medium-term Lending Facility (MLF) rate will remain at 2.5%. This...
Forexlive Americas FX News Wrap: July 12 PPI vs CPI Comparison
The Dow Industrial Average closed just above 40,000 but couldn't reach a record high. The 2-10 year yield rose to -27.3 basis points, the...
GBP/USD Price Analysis: BoE’s Pill Remarks Propel Pair Above 1.2800
The Pound Sterling saw a rise to 1.2842 against the US Dollar following comments from the Bank of England's Huw Pill cautioning against making...
AUDUSD Price Action: Target Level Hit, Sellers Step In – Forex Analysis
The AUDUSD has been fluctuating throughout the day following an upward trend from last week. Today's upward movement reached a new high dating back...
Gold Price Analysis: NFP Report Boosts Bullish Sentiment | Forexlive
Last Friday, the price of gold went up after the US NFP report was released. The report showed that the labor market was slowing...
Japanese Yen Strengthens as US Dollar Weakens on Fed Rate Cut Expectations
The Japanese Yen has been gaining strength against the US Dollar due to challenges faced by the USD following weaker-than-expected US employment growth data...
Breaking Financial News
Adani Group Responds to New York Fraud and Bribery Allegations
Adani Group, a prominent company in India, has recently faced serious allegations of bribery and fraud by U.S. authorities. The chairman of the group,...
