GBP/USD Forecast: Pound Sterling remains vulnerable on broad USD strength After posting large losses on Thursday and Friday, GBP/USD struggles to stage a rebound on Monday and trades in negative territory, slightly above 1.3400. The pair’s technical outlook suggests that the bearish bias remains intact in the short term. The US Dollar (USD) outperforms its rivals as fears over…
Is the BOC about to surprise the markets with an interest rate cut? Our Event Guide for the July BOC Decision suggests that the central bank could act pre-emptively to shield the Canadian economy from additional trade uncertainties. Here’s what I’m watching on NZD/CAD and CAD/JPY in case the BOC shifts back to dovish mode. This Article…
Rate hikes help to restore confidence that economy, inflation are moving in line with projections BOJ must be vigilant to upside risks to inflation though Rising food prices could lead to inflation expectations overshooting Dollar to retain supremacy as key global currency But cracks are appearing as investors diversify into other currencies I think the point of the dollar…
The Euro accelerates its decline on Monday as investors analyze the details of the EU-US trade deal. Eurozone products face a 15% tariff in exchange for strong EU investment and large purchases of energy and military equipment from the US. The US Dollar maintains a moderate positive tone as US data backs the Fed’s hawkish stance. It was buy…
Gold prices could surge to $4,000 an ounce by the end of next year, according to Fidelity International, as a more dovish U.S. Federal Reserve, a weaker dollar, and continued central bank buying drive demand. Ian Samson, a multi-asset fund manager at the firm, said they remain bullish on the metal, with some portfolios doubling their 5% gold allocation…
Mexico Trade Balance, $: $0.514B (June) vs previous $1.029B
Re this: Active shooter in Manhattan, New York; police officer and civilian shot From NYPD: Due to police activity, please avoid the vicinity of East 52 Street between Park Avenue and Lexington Avenue. Expect emergency vehicles & delays in the surrounding area. Live feed here: Unconfirmed photo. These things are easy to fake, so treat with care: This article…
Mexico Jobless Rate remains unchanged at 2.7% in June
!“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|} Looking for the old ForexLive news feed? Click here
Mexico Jobless Rate s.a: 2.6% (June) vs previous 2.7%
