Wednesday, May 8, 2024
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Gold upside momentum looks vulnerable

A shift in the Fed policy is a bearish signal for the safe-haven precious metal  Gold priced declined on Thursday as the greenback staged a short-lived rally that was...

Powell sent the US Dollar down

Powell says the Fed sees average inflation targeting as its new strategy, the greenback came under strong pressure On Friday, the US Dollar continues to trade with losses near the...

Bitcoin struggles to regain upside momentum

BTC remains on the defensive since its rejection from fresh 2020 highs around $12,500 While global financial markets are little changed ahead of Powell’s speech due later today, bitcoin...

All eyes on Jackson Hole. Dollar down, gold up

Ahead of the crucial event today, gold managed to restore its gains, the USD was not so lucky On Thursday, all markets’ attention is focused on the Jackson Hole...

Upcoming Jackson Hole symposium helps in USD recovery

Ahead of tomorrow’s key event, markets remain watchful and prefer to wait On Wednesday, risk-off returned to markets, which benefited the USD and dragged the most popular currency pair...

Sino-American constructive talks weighing on the Dollar

The greenback lost ground amid positive headlines from the US-China trade front On Tuesday, the US Dollar is slipping back closer to the 93.00 mark and now sits in the red...

A quiet srart to the week, ranges tight

As the economic calendar is empty, the COVID-19 news will drive the sentiment At the beginning of a new trading week, most majors stick to the tight ranges and...

GBPUSD holds steady near intraday highs

The UK Retail Sales helped sterling to keep afloat, USD continues to sink On the last trading day of the week, GBPUSD continues to hold steady near the intraday highs...

US Dollar saw a short-lived recovery on Fed’s statement

Fed’s reluctance to set control over the yield curve backed up the USD but for how long? On Thursday, the DXY finally managed to gain some ground and strengthen...

US Dollar can’t raise its head

The US Dollar nosedived to the 92.20 area, EURUSD’s move north seems unabated On Wednesday, the DXY continues to fall and trades with modest losses near the 92.20 region....