The British Pound slips from a three-year high amid a modest rebound in the US Dollar. GBP/USD trades near 1.3500, down nearly 0.50% on the day.The UK’s stronger-than-expected inflation data from last week trims bets on rate cuts.The British … [Continue reading]
EUR/USD corrects as Greenback recovers on progress in US-EU trade talks
EUR/USD faces selling pressure above 1.1400 as the US Dollar rebounds on increased hopes of a quick bilateral trade deal between the US and the EU.European officials asked domestic companies to provide details on US investment proposals.Inflation in … [Continue reading]
France Consumer Price Index (EU norm) (YoY) fell from previous 0.9% to 0.6% in May
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Australian Dollar hovers near a psychological level after retreating from six-month highs
The Australian Dollar holds its position near a psychological 0.6500 level after pulling back from a six-month high of 0.6537.The AUD faces few challenges due to a dovish sentiment surrounding the RBA’s policy outlook.The US Dollar struggles over … [Continue reading]
Trump Media Group to raise $3 billion to acquire crypto: Financial Times
The Trump Media and Technology Group reportedly plans to raise $3 billion to purchase cryptocurrencies. The fund generation will consist of $2 billion in fresh equity and $1 billion from convertible note sales.The company previously shared its … [Continue reading]
Gold Price Forecast: XAU/USD hold on to higher ground above $3,330
XAU/USD Current price: $3,341.79Tariffs-related headlines brought near-term relief on Monday.The United States will release some interesting figures on Tuesday.XAU/USD loses its positive momentum, but a steeper decline is out of the table.Spot Gold … [Continue reading]
EUR/USD Price Forecast: Bulls hold the grip
EUR/USD Current price: 1.1374United States markets will remain closed on holidays, market moving on sentiment.The Federal Open Market Committee will release the Minutes of the May meeting on Wednesday.EUR/USD eases from a fresh multi-week peak, … [Continue reading]
Pound Sterling outperforms US Dollar on renewed concerns over Greenback’s credibility
The Pound Sterling refreshes a three-year high near 1.3600 against the US Dollar due to US President Trump’s ever-changing tariff announcements on the EU. Trump threatens to impose 25% duties on Apple for not manufacturing in the US.Traders see … [Continue reading]
WTI holds gains above around $61.50 due to easing US-EU trade concerns
WTI price appreciates as President Trump extends the 50% tariff deadline on imports from the EU.Oil attracts buyers amid rising geopolitical tensions in the Middle East.Oil prices may struggle as OPEC+ could decide to raise output by another 411,000 … [Continue reading]
US President Donald Trump extends deadline for 50% tariffs on EU goods to July 9
US President Donald Trump said on Sunday that he agreed to an extension on the 50% tariff deadline on the European Union (EU) until July 9 after a phone call with Commission President Ursula von der Leyen, per Bloomberg. Von der Leyen said … [Continue reading]